The announcement of a sweeping trade and investment pact between the United States and South Korea has reshaped the economic centrepiece of President Donald Trump’s Asia visit. The agreement, described by both sides as a “breakthrough,” reflects a calculated shift… Read More ›
Month: October 2025
AI Revolution Accelerates Job Disruption as Amazon Cuts 14,000 Corporate Roles
Amazon’s decision to eliminate about 14,000 corporate jobs marks one of the most visible signs yet of how artificial intelligence is beginning to reshape white-collar work. The layoffs, part of a larger cost-cutting and restructuring effort that could reach 30,000… Read More ›
Trump Revives Long-Running Feud With Fed Chair Powell as White House Eyes Leadership Change
Former U.S. President Donald Trump has reignited his public feud with Federal Reserve Chair Jerome Powell, calling the central bank leader “incompetent” and vowing to replace him within months. The remarks, delivered during a business dinner in Tokyo, mark the… Read More ›
Alibaba Bets on Consumer AI Reinvention: How Its New Chatbot Signals a Strategic Shift in China’s Digital Ecosystem
In a decisive move to recapture momentum in China’s fiercely competitive consumer-facing AI space, e-commerce giant Alibaba has launched an AI-driven chatbot assistant within its Quark app. The deployment marks a clear shift from enterprise-centric operations to engaging everyday users… Read More ›
AI Boom Fuels U.S. Growth but Leaves Many Businesses Fighting for Survival
Artificial intelligence spending has become the single most powerful force lifting the U.S. economy in 2025. Yet, behind the stock market highs and impressive GDP growth figures lies a more divided reality — one where big technology firms thrive on… Read More ›
European Aerospace Giants Forge Space Alliance to Challenge Starlink’s Global Dominance
Three of Europe’s prominent aerospace and defence firms — Airbus, Thales and Leonardo — have announced their intention to combine major parts of their satellite and space operations into a new joint venture. The alliance aims to create a “leading… Read More ›
Ukraine’s Allies Tighten the Economic Noose: Coordinated Plan to Drive Russian Oil and Gas from Global Markets
A new front has opened in the West’s campaign to weaken Moscow. In London, a coalition of over 20 nations aligned with Ukraine unveiled a sweeping initiative to cut Russian oil and gas from the global market — a move… Read More ›
UK Consumer Confidence Climbs to Highest Level in Over a Year as Retail Promotions and Inflation Relief Lift Mood
UK consumer sentiment improved sharply in October, reaching its joint-highest level since August 2024, as British households benefited from widespread retail discounts and signs of easing inflationary pressures. The latest data from GfK’s long-running Consumer Confidence Index reflects a growing… Read More ›
Brussels to Host Crucial EU-China Talks as Rare Earth Export Curbs Threaten Industrial Supply Chains
Brussels is preparing to host a pivotal round of EU-China trade talks next week amid rising tensions over Beijing’s export restrictions on rare earth minerals—materials that are indispensable to Europe’s high-tech and green manufacturing sectors. The discussions, taking place under… Read More ›
U.S. Inflation Eases as Rent Growth Slows, but Data Risks Loom Amid Government Shutdown
Consumer inflation in the United States moderated in September, offering relief to policymakers at the Federal Reserve who have been under pressure to balance inflation control with slowing growth. The latest data from the Labor Department showed that the Consumer… Read More ›