On February 10, 2025, global markets responded to a mix of economic data and geopolitical developments. In the US, the Dow Jones Industrial Average rose 0.5%, buoyed by easing inflation figures, while the S&P 500 and Nasdaq Composite dipped slightly as tech stocks faced pressure. In Europe, the STOXX 600 index gained 0.4%, supported by […]
Elon Musk and a consortium of investors have made a staggering $97.4 billion offer to acquire control of OpenAI, signaling a potential shift in the power dynamics of the artificial intelligence industry. The bid, reported by The Wall Street Journal, highlights the increasing value of AI technologies and the race to dominate this transformative field. Musk, […]
In a bold move to assert France’s position in the global tech race, President Emmanuel Macron has announced a €10 billion investment in artificial intelligence (AI). The initiative, seen as France’s answer to the US’s Stargate project and China’s AI dominance, aims to reduce Europe’s reliance on foreign technologies and establish France as a hub […]
The US dollar has surged in response to former President Donald Trump’s renewed tariff threats, with the euro falling to near a two-year low. The dollar index, which measures the greenback against a basket of currencies, climbed to its highest level in months as investors sought safety amid growing trade tensions. Trump’s proposed tariffs on […]
In a bid to navigate the complex geopolitics of the Asia-Pacific region, Taiwan is negotiating a deal to import natural gas from Alaska. The proposed agreement, which would see Taiwan purchasing LNG from the US state, is widely viewed as a strategic move to bolster energy security and strengthen ties with Washington amid rising US-China […]
Foxconn, a cornerstone of the global tech supply chain, has reported a 31.6% year-on-year increase in January revenue, underscoring the resilience of the electronics manufacturing sector. The company, which assembles devices for major brands like Apple and Sony, attributed the growth to strong demand for smartphones, servers, and electric vehicle components. The results come as […]
As Asian markets prepare for a mostly lower opening on Monday, investors are left wondering whether this is the beginning of a prolonged downturn. The decline comes amid a perfect storm of weak economic data, geopolitical tensions, and rising interest rates, which have collectively dampened investor sentiment. While some analysts remain optimistic, citing strong corporate […]
President Donald Trump’s announcement of 25% tariffs on steel and aluminum imports has divided opinions across the political and economic spectrum. While supporters hail the move as a necessary step to protect American industries, critics argue that it could lead to a full-blown trade war with devastating consequences. The tariffs, which target key trading partners […]
Chinese electric vehicle (EV) manufacturers are shaking up the global automotive market by offering no down payment and 5-year interest-free loans. These aggressive financing options are designed to attract customers and compete with established automakers in Europe and North America. Companies like BYD, NIO, and XPeng are leveraging their cost advantages and innovative financing models […]
The U.S. economy added 250,000 jobs in January 2025, according to the latest jobs report from the Bureau of Labor Statistics (BLS). The unemployment rate fell to 3.5%, reflecting continued strength in the labor market despite economic uncertainties. Key sectors driving job growth included healthcare, technology, and construction. Healthcare added 70,000 jobs, while the technology […]