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Technology to spawn the next black swan: BlackRock CEO

Global instability will result from technology's inability to create jobs fast enough, especially in developing world

Published Tue, Apr 21, 2015 · 09:50 PM
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Singapore

THE sweeping changes brought on by technology in various industries could be a destabilising force in the job market and in societies, particularly in developing countries, says the CEO of the world's largest asset management firm BlackRock.

Technology has already driven, and will continue to drive, persistently lower oil prices, said BlackRock's Larry Fink, …

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