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Jobs and Inflation Fears: Market Outlook for the U.S. and Canada

Feb 10, 2025 01:37 am UTC| Economy

In January 2025, the U.S. economy added 143,000 jobs, which was below the expected 169,000. The unemployment rate declined by a small percentage to 4.0%. Health care, retail, and social assistance gained jobs, but the...

China Cuts Renewable Energy Subsidies Amid Record Solar Boom

Feb 09, 2025 09:21 am UTC| Economy Governance

Chinas top economic planning agency announced plans to scale back subsidies for renewable energy projects after a record surge in solar and wind power installations. In 2024, Chinas installed solar capacity soared by 45%,...

China’s Inflation Rises While Factory Deflation Persists Amid Economic Uncertainty

Feb 09, 2025 07:24 am UTC| Economy

Chinas consumer inflation surged to a five-month high in January, while producer prices remained in deflation, highlighting mixed consumer spending and weak industrial activity. The consumer price index (CPI) rose 0.5%...

Japan’s Ishiba Confident U.S. Will Avoid Higher Tariffs Amid Strong Investment Ties

Feb 09, 2025 07:23 am UTC| Economy Politics

Japanese Prime Minister Shigeru Ishiba expressed optimism that Japan could avoid higher U.S. tariffs, citing President Donald Trumps recognition of Japans substantial investment in the U.S. and the jobs it creates....

Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’

Feb 09, 2025 03:30 am UTC| Insights & Views Economy Life Law Investing

The Reserve Bank of Australia (RBA) released a discussion paper this week on investment tax breaks. The study looks at whether tax incentives, such as instant asset write-offs for utes, boost business investment. Business...

Canada Strengthens Trade Ties with EU Amid U.S. Tariff Threats

Feb 09, 2025 03:24 am UTC| Politics Economy

Canada is deepening economic ties with the EU and advocating for global trade rules as the U.S. considers new tariffs, Trade Minister Mary Ng told Reuters. Since implementing a free trade deal in 2017, Canada-EU trade has...

Trump Urges Japan to Boost U.S. Investment Amid Trade Talks

Feb 08, 2025 12:07 pm UTC| Economy Politics

President Donald Trump urged Japan to increase investment in U.S. energy and technology during Prime Minister Shigeru Ishibas first White House visit. The leaders discussed Nippon Steels $14.9 billion bid for U.S. Steel,...

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Economy

Russia Stocks End Mixed as MOEX Index Closes Flat Amid Commodity and Currency Moves

Russian stocks finished the latest trading session mixed after the close on Saturday, as gains in select blue-chip shares were offset by declines in energy and technology names. By the end of trading in Moscow, the MOEX...

EU Ambassadors Hold Emergency Talks as Trump Threatens Tariffs Over Greenland Dispute

Ambassadors from the European Unions 27 member states are set to gather on Sunday for an emergency meeting following escalating tensions with the United States, after U.S. President Donald Trump threatened a new wave of...

Macron Warns EU Will Respond to U.S. Tariff Threats Over Greenland

French President Emmanuel Macron has strongly criticized recent tariff threats reportedly made by U.S. President Donald Trump concerning Greenland, warning that Europe will not tolerate economic intimidation and will...

Trump Administration Pushes Rollback of Vehicle Emissions Rules to Lower Car Prices

Senior officials from the Trump administration are promoting major changes to U.S. auto policy, arguing that rolling back vehicle emissions regulations will help lower car prices and address affordability concerns for...

EU and Mercosur Seal Landmark Free Trade Deal After 25 Years of Talks

The European Union and South Americas Mercosur bloc have officially signed a historic free trade agreement, marking a major breakthrough after 25 years of negotiations. The deal was signed on Saturday in Asuncion,...

Politics

U.S. Military Kills Al Qaeda-Linked Leader Connected to Deadly ISIS Attack in Syria

U.S. military forces have killed a senior al Qaeda affiliate leader in Syria who was directly linked to a recent Islamic State (ISIS) attack that targeted American personnel, according to a statement released by U.S....

JD Vance to Lead U.S. Presidential Delegation at Milano Cortina Winter Olympics Opening Ceremony

United States Vice President JD Vance will lead the American presidential delegation to the opening ceremony of the Milano Cortina Winter Olympics, President Donald Trump announced on Saturday. The highly anticipated...

DOJ Urges Judge to Block Lawmakers’ Bid for Special Master in Jeffrey Epstein Records Case

The U.S. Justice Department has formally asked a New York federal judge to reject a request by two bipartisan lawmakers seeking court oversight of the public release of records related to the late financier and convicted...

Trump Administration Proposes $1 Billion Fee for New Global Peace Board

The Trump administration is reportedly proposing that countries pay as much as $1 billion to secure a seat on a newly envisioned international peace board, according to a Bloomberg News report published Saturday. The...

Syrian Army Advances Into Kurdish-Held Areas Amid Rising Tensions and U.S. Warnings

The Syrian army continued its advance into Kurdish-held territory in northern Syria on Saturday, escalating tensions despite U.S. calls to halt offensive operations. State media reported that government forces had taken...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

China Halts Shipments of Nvidia H200 AI Chips, Forcing Suppliers to Pause Production

Suppliers producing key components for Nvidias H200 artificial intelligence chips have reportedly paused production after Chinese customs authorities blocked shipments of the newly approved AI processors from entering...

California Attorney General Orders xAI to Halt Illegal Grok Deepfake Imagery

California Attorney General Robert Bonta has issued a cease-and-desist letter to Elon Musks artificial intelligence company xAI, demanding an immediate stop to the creation and distribution of AI-generated nonconsensual...

TikTok Expands AI Age-Detection Technology Across Europe Amid Rising Regulatory Pressure

TikTok is set to roll out new age-detection technology across Europe in the coming weeks, as the popular social media platform faces increasing regulatory scrutiny over child safety and age verification. The move follows a...
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