Are we in a recession? Here are the umpires who make the final call

How did your country report this? Share your view in the comments.

Introduction:

The news topic “Are we in a recession? Here are the umpires who make the final call” has drawn international attention, with various media outlets providing diverse insights, historical context, political stances, and on-the-ground developments. Below is a curated overview of how different countries and media organizations have covered this topic recently.

Quick Summary:

• The Business Cycle Dating Committee (BCDC) is tasked with identifying recessions. The BCDC operates under the National Bureau of Economic Research (NBER) The committee bases its determination on a broader set of indicators and only makes the call after reviewing months of backward-looking data. For policymakers, investors, and historians, the timing of the call isn’t just academic. It shapes the interpretation of economic cycles, informs the evaluation of policy decisions, and influences which lessons are carried into future downturns. The NBER website says a recession is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months” and includes employment, real personal income, and other key indicators. The committee’s job is to make an official call after the fact, which means we often don’t know we’re in a recession until it’s already underway.
• The Business Cycle Dating Committee (BCDC) is tasked with identifying recessions. The BCDC operates under the National Bureau of Economic Research (NBER) The committee bases its determination on a broader set of indicators and only makes the call after reviewing months of backward-looking data. For policymakers, investors, and historians, the timing of the call isn’t just academic. It shapes the interpretation of economic cycles, informs the evaluation of policy decisions, and influences which lessons are carried into future downturns. The NBER website says a recession is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months” and includes employment, real personal income, and other key indicators. The committee’s job is to make an official call after the fact, which means we often don’t know we’re in a recession until it’s already underway.
• Alphabet’s Google is preparing to partner with Taiwan’s MediaTek on the next version of its AI chips, Tensor Processing Units, that will be made next year. Google has not cut ties with Broadcom, the chip designer it has worked with exclusively on the AI chips over the past several years, the report said. Google chose MediaT Tek partly because the Taiwanese firm has a strong relationship with TSMC (TSM) and charges Google less per chip compared to Broadcom. Google spent between $6 billion and $9 billion on TPUs last year, according to research firm Omdia, based on Broadcom’s target for AI semiconductor revenue last year.

Country-by-Country Breakdown:

Original Coverage

The Business Cycle Dating Committee (BCDC) is tasked with identifying recessions. The BCDC operates under the National Bureau of Economic Research (NBER) The committee bases its determination on a broader set of indicators and only makes the call after reviewing months of backward-looking data. For policymakers, investors, and historians, the timing of the call isn’t just academic. It shapes the interpretation of economic cycles, informs the evaluation of policy decisions, and influences which lessons are carried into future downturns. The NBER website says a recession is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months” and includes employment, real personal income, and other key indicators. The committee’s job is to make an official call after the fact, which means we often don’t know we’re in a recession until it’s already underway. Read full article

Are we in a recession? Here are the umpires who make the final call.

The Business Cycle Dating Committee (BCDC) is tasked with identifying recessions. The BCDC operates under the National Bureau of Economic Research (NBER) The committee bases its determination on a broader set of indicators and only makes the call after reviewing months of backward-looking data. For policymakers, investors, and historians, the timing of the call isn’t just academic. It shapes the interpretation of economic cycles, informs the evaluation of policy decisions, and influences which lessons are carried into future downturns. The NBER website says a recession is a “significant decline in economic activity that is spread across the economy and that lasts more than a few months” and includes employment, real personal income, and other key indicators. The committee’s job is to make an official call after the fact, which means we often don’t know we’re in a recession until it’s already underway. Read full article

Google preparing to partner with Taiwan’s MediaTek on next AI chip, Information reports

Alphabet’s Google is preparing to partner with Taiwan’s MediaTek on the next version of its AI chips, Tensor Processing Units, that will be made next year. Google has not cut ties with Broadcom, the chip designer it has worked with exclusively on the AI chips over the past several years, the report said. Google chose MediaT Tek partly because the Taiwanese firm has a strong relationship with TSMC (TSM) and charges Google less per chip compared to Broadcom. Google spent between $6 billion and $9 billion on TPUs last year, according to research firm Omdia, based on Broadcom’s target for AI semiconductor revenue last year. Read full article

Tesla working with Baidu to improve assisted driving system in China, sources say

Baidu dispatched a group of engineers from its mapping team to Tesla’s Beijing office in recent weeks. The aim was to improve FSD V13’s knowledge of Chinese roads with more accurate and updated mapping information. The deepening relationship with Baidu comes as Tesla navigates data and regulatory restrictions imposed by Beijing and Washington. Tesla, which is aiming for the full rollout of FSD this year, did not respond to a request for comment. The company is under increasing pressure from rivals such as BYD and Xpeng, which offer cheaper vehicles and do not charge an additional fee for similar software. U.S.-listed shares of BaidU were up about 2%, while Tesla’s stock, which gained about 12% in the last two sessions, was down nearly 1% in premarket trading. The sources declined to be named because they were not authorised to speak to the media. Read full article

China says it will increase support for AI, science and tech innovation

The plans were included in a document prepared for the National People’s Congress. It was the first time AI models were mentioned in the document. The country wants to foster “the development of artificial intelligence,” the document said. It also wants to improve data flows between China and the rest of the world, it said. The document was released at the end of a meeting of China’s parliament. The meeting was held in the city of Wenzhou, in the Zhejiang province, on Wednesday. It is the first of its kind, and was attended by members of the parliament. Read full article

Global Perspectives Summary:

Global media portray this story through varied cultural, economic, and political filters. While some focus on geopolitical ramifications, others highlight local impacts and human stories. Some nations frame the story around diplomatic tensions and international relations, while others examine domestic implications, public sentiment, or humanitarian concerns. This diversity of coverage reflects how national perspectives, media freedom, and journalistic priorities influence what the public learns about global events.

How did your country report this? Share your view in the comments.

Sources:

• Original Article
• Are we in a recession? Here are the umpires who make the final call.
• Google preparing to partner with Taiwan’s MediaTek on next AI chip, Information reports
• Tesla working with Baidu to improve assisted driving system in China, sources say
• China says it will increase support for AI, science and tech innovation

Source: https://finance.yahoo.com/news/are-we-in-a-recession-here-are-the-umpires-who-make-the-final-call-153012498.html