The US labor market continues to display unexpected strength as the year closes, with new applications for unemployment benefits dropping to their lowest level in eight months. This significant decline in jobless claims points to a continued trend of low layoffs, reinforcing the notion of a robust job market that…
President Joe Biden has reportedly decided to block Nippon Steel’s proposed $15 billion acquisition of US Steel, according to the Washington Post on Thursday, citing unnamed administration officials unauthorized to discuss the matter publicly. Earlier, the Committee on Foreign Investment in the United States (CFIUS) referred the matter to the…
China plans to broaden its consumption subsidies to include smartphones and other electronics in a bid to boost domestic spending as external challenges loom. The country’s trade-in program, originally focussed on home appliances and cars, will, from this year, begin to include personal devices like phones, tablets, smartwatches, etc., officials…
India witnessed a record-breaking surge in initial public offerings (IPOs) in 2024, raising an unprecedented $19.82 billion in what has also catapulted seven entrepreneurs into the billionaire league. The boom was particularly notable in the renewable energy sector, with four entrepreneurs in the sector seeing their personal fortunes spike after…
India’s trade policy is under scrutiny as the country is facing new economic challenges and global pressures in 2025. With its GDP growth hitting a multi-year low and geopolitical tensions shaping trade dynamics around the world, the government is being pushed to rethink its approach to trade. This could be…
The landscape for climate technology investors is undergoing a dramatic transformation in 2025, marked by political uncertainty, technological advancements, and a recalibration of priorities. As Donald Trump’s return to the White House casts a shadow over US climate policy, investors are strategically reassessing where to place their bets in the…
In a big move for crypto in Latin America, Binance, the top dog in cryptocurrency exchanges worldwide, just snagged its 21st license, this time from Brazil’s Central Bank. According to a Cointelegraph report, this green light lets Binance work as an official broker-dealer, marking it as the first in the…
The US labor market continues to display unexpected strength as the year closes, with new applications for unemployment benefits dropping to their lowest level in eight months. This significant decline in jobless claims points to a continued trend of low layoffs, reinforcing the notion of a robust job market that…
Apple has agreed to pay $95 million to settle a class-action lawsuit alleging that its voice-activated assistant, Siri, violated users’ privacy by routinely recording conversations, even when the activation was unintentional, according to a report in Reuters. The proposed settlement, filed Tuesday night in the Oakland, California federal court, requires…
Tesla CEO Elon Musk made a significant charitable contribution just before the new year, donating 268,000 Tesla shares, valued at approximately $108 million, to unnamed charities, according to a regulatory filing released on Tuesday as per a Reuters report. This philanthropic gesture, framed as part of his “year-end tax planning,”…