AI's job disruption hits women harder than men

A report by the United Nations' International Labor Organization has found that traditionally done jobs by women are more vulnerable to the impact of artificial intelligence (AI) than those done by men, especially in high-income countries.

The report found that 9.6% of traditionally female jobs are set to be transformed, compared with 3.5% of those carried out by men as AI increasingly takes on administrative tasks and transforms clerical jobs, such as secretarial work.

While human involvement will still be required for many tasks, roles are more likely to be radically changed rather than eliminated. Jobs in the media, software, and finance-related roles are also at the forefront of change as generative AI expands its learning abilities.

The report called on governments and employers' and workers' organizations to think about how ai can be used to enhance productivity and job quality.

Reference Sources

1. cna - AI poses a bigger threat to women's work, than men's, says report
2. nbc - AI poses a bigger threat to women's work than men's, report says
3. bangkokpost - AI's job disruption hits women harder than men

China debuts over 100 advanced radar systems at World Radar Expo

(Source: Global Times)

China Electronics Technology Group Corp, a major player in the global radar industry, unveiled more than 100 advanced radar systems at the 11th World Radar Expo.

The three-day event, which opened on Saturday in Hefei, Anhui province, showcases the state-owned conglomerate's latest achievements in radar technology, according to the company.

Among the highlights is the JY-11 S-band three-face array low-altitude surveillance radar, described as a "world-class counter-drone product." The system employs advanced digital array and software-defined radar technologies and is capable of detecting and tracking fighter jets, low-altitude cruise missiles, and micro or small drones.

It features high tracking accuracy, automated operation, and adaptability for multiple missions, providing guidance for photoelectric systems and precision radars.

The battle for dominance in the electromagnetic domain, represented by radar technology, has become a decisive factor in determining the outcome on the battlefield.

Reference Sources

1. chinadailyen - China debuts over 100 advanced radar systems at World Radar Expo
2. chinadailyen - Chinese military radar systems set up to attract foreign buyers at Hefei expo
3. globaltimes - China exhibits world-class anti-drone, long-range, anti-stealth radars at expo
4. globaltimes - China puts advanced detection, command and control systems at radar expo
5. scmp - China aims new JY-27V radar at stealthy targets, such as America’s fifth-gen fighters

China lowers key lending rates for first time since October

(Source: Reuters)

China has cut benchmark lending rates for the first time since October, with one-year loan prime rate (LPR) lowered by 10 basis points to 3% from 3.1%, while the five-year LPR was reduced by the same margin to 3.5% from 3.6%.

Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.

The widely expected rate cuts are aimed at stimulating consumption and loan growth in a weakening economy while still protecting commercial lenders' shrinking profit margins.

The cuts on the country's more than CNY300Tn (US$54T) of deposits came as the recent package of government measures to stimulate the world's second-largest economy has further squeezed bank profits.

Chinese authorities have announced a raft of stimulus measures, including interest rate cuts and a major liquidity injection, as Beijing steps up efforts to soften the economic damage caused by the trade war with the U.S.

Reference Sources

1. bussinesstimes - China banks cut deposit rates to aid margins, drive spending - The Business Times
2. cna - China cuts key rates to aid economy as trade war simmers
3. cna - Asian markets rebound to track Wall Street up as China cuts rates
4. straitstimes - China lowers key lending rates for first time since October
5. nikkei - China cuts benchmark lending rates to help ease impact of US trade war

The CommonWealth English daily news digest is a service curated by the CommonWealth English team with the help of AI tools.

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