1. World Bank warns of stagflation risk, cuts global growth forecast: WSJ reports in a sharply lower growth forecast for the global economy, the World Bank warned of several years of high inflation and tepid growth reminiscent of the stagflation of the 1970s.
2. Hotels have gone to the robots: The hospitality industry has turned to AI to deal with labor shortages. WP
3. Crypto industry scores a big win under long-anticipated Senate bill: The proposal would hand crypto oversight to the CFTC, which the sector views as friendlier than the SEC. WP
4. Are we at peak white trainer? The fashion pack have ditched them already, says Harriet Walker. The Times
5. The (no longer) secret world of surf spots: Publicizing certain surf spots, especially ones off the beaten path, is similar to violating the first rule of Fight Club. Instagram and some new surfers have threatened that reverence. NYT
ITK Daily is global business news at the intersection of globalization, disruption, and politics.
