Economy

AI-washing and the massive layoffs hitting the economy

AI-washing and the massive layoffs hitting the economy

Corporate America is getting rocked by historic rounds of white-collar layoffs, leading some to wonder: Has AI finally come for their jobs? While the proliferation of generative and agen...

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Russia looks to cosy up with China after Trump’s meeting with Xi

Russia looks to cosy up with China after Trump’s meeting with Xi

In this pool photograph distributed by the Russian state agency Sputnik, Russian Prime Minister Mikhail Mishustin (R) arrives at the airport of Hangzhou on November 3, 2025. Dmitry Ast...

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Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Tariffs are expected to start showing up more in consumer prices as holiday shopping season starts

Shoppers carry Macy’s and Nordstrom bags at Broadway Plaza in Walnut Creek, California, US, on Monday, Dec. 16, 2024. The Bureau of Economic Analysis is scheduled to release personal spen...

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ECB October 2025 rate decision

ECB October 2025 rate decision

The European Central Bank has kept interest rates on hold, as expected, at its latest meeting on Thursday. The central bank held its key deposit facility rate at 2% for the third consecutive time...

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Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

Trump cuts fentanyl tariffs on China to 10% as Beijing delays rare earth curbs

BUSAN, SOUTH KOREA – OCTOBER 30: U.S. President Donald Trump (R) speaks with Chinese President Xi Jinping during a bilateral meeting at Gimhae Air Base on October 30, 2025 in Busan, South...

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