World Business Report

IMF warns of global GDP shock if AI bust happens

IMF managing director Kristalina Georgieva warns that if an AI bust occurs it would wipe 1% off global GDP rising to 1.8% in the U.S. The warning came as stocks and shares in global tech and semiconductors fell. In the U.S. data centres are a key battleground in the mid-term elections, with many communities opposing them. We go to Arizona and Ohio to hear from those on the ground. Formula One has announced a 10-year deal for Rwanda to host an African Grand Prix from the early 2030s. An expert tells us more. And the internationally-acclaimed singer Raye questions whether the ticketing industry is fit for purpose. A ticketing consultant joins us to explain.