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Reading Time : 2 minutesThe EU and Mercosur have finalized a historic trade deal after 25 years, aiming to create one of the world’s largest free trade zones. This deal will eliminate tariffs on over 90% of trade, benefiting industries like automotive and agriculture, while also committing to environmental and labor standards. It’s a strategic move for economic diversification and sustainable trade.
Reading Time : 2 minutesBRICS nations are pushing to reduce dependence on the US dollar, but internal divisions and the dollar’s entrenched dominance pose significant challenges. With 58% of global reserves in USD and its role as the backbone of global trade, experts agree its position remains secure in the near term. Are BRICS’ ambitions a dream too big?
Reading Time : 3 minutesThe Biden administration has tightened export controls on semiconductor tech to China, aiming to curb its AI and military advancements. These restrictions target manufacturing equipment, signaling U.S. efforts to maintain tech supremacy amid rising tensions. Beijing’s backlash hints at potential retaliatory measures, escalating the ongoing ‘chip war’ and reshaping global tech dynamics.
Reading Time : 2 minutesA recent study by Empower highlights a shift in how Americans define success, with 59% prioritizing happiness over wealth. Key indicators of success now include spending on joy-inducing experiences, free time for personal passions, and maintaining physical well-being. This holistic approach underscores a broader understanding of success, focusing on emotional fulfillment and quality of life rather than just financial gains.
Reading Time : 2 minutes Excerpt: Tenstorrent has raised $693 million in a Series D funding round led by Jeff Bezos’ Bezos Expeditions and Samsung Securities, valuing the startup at $2.6 billion. This investment highlights growing interest in alternatives to Nvidia’s dominance in the AI chip market, as Tenstorrent focuses on open-source technology and RISC-V architecture.
Reading Time : 3 minutesWith Brendan Carr at the helm of the FCC, space communications are poised for change. His leadership under Trump’s administration could mean a boom for satellite internet like Starlink, promising global connectivity. Yet, the surge in satellites raises concerns about space debris and governance. Carr’s tenure will define how we manage the increasingly crowded skies.
Reading Time : 2 minutesMeta is launching an ambitious subsea cable network, codenamed “W,” spanning 40,000 kilometers to enhance global connectivity. This project will reduce reliance on third-party networks, improve data transmission security, and support the company’s platforms. With an estimated cost of $10 billion, the initiative aims to reshape digital infrastructure and strengthen Meta’s competitive edge in the tech landscape.
Reading Time : 2 minutesCanada’s legal saga with Google heats up, aiming to dismantle the tech giant’s ad empire. It’s a David vs. Goliath story where Canada swings hard at Google’s control over online ads. Will this be the battle that changes the galaxy of digital advertising?
Reading Time : 2 minutesThis holiday season, generative AI is revolutionizing online shopping. With tools like ChatGPT and Perplexity AI, finding the perfect gift has never been easier. From personalized recommendations to seamless mobile browsing, AI-powered assistants are taking the stress out of holiday deals. Dive into how technology is reshaping gift shopping and making it smarter than ever.
Reading Time : 3 minutesThe UAE’s craft beer scene is blossoming, with Abu Dhabi leading the way through the opening of Craft by Side Hustle, the country’s first commercial brewery. This innovative venue showcases a variety of beer styles and reflects a cultural shift towards embracing craft brewing. As regulations relax, both locals and tourists are discovering the joys of unique, artisanal brews.
Reading Time : 2 minutesRemote work offers flexibility but comes with hidden challenges. With 86% of remote workers reporting burnout, extended hours, blurred boundaries, and isolation are taking a toll. Discover how these factors impact mental health and productivity, and why businesses need to prioritize support and work-life balance for their remote teams.
Reading Time : 3 minutesChina’s high-speed rail under Xi Jinping showcases ambition, connecting the nation and extending influence globally. Yet, the rapid expansion raises questions about economic sustainability. Is China building too much rail? While it’s a symbol of progress, critics debate the financial implications and utilization, highlighting the balance between infrastructural pride and practical economics.
Reading Time : 3 minutesAs Trump returns to the White House, China faces economic challenges but is strategically prepared for another trade war. With insights from past conflicts, China aims to diversify trade, boost domestic demand, and retaliate against U.S. policies. Despite economic vulnerabilities, China’s global trade share has grown, indicating a potential to leverage geopolitical shifts to its advantage.
Reading Time : 2 minutesDonald Trump, the president-elect, has announced plans for significant tariffs targeting Mexico, Canada, and China, set to take effect on January 20, 2025. A 25% tariff on imports from Mexico and Canada will remain until these countries address illegal immigration and drug trafficking, while a 10% tariff will be imposed on Chinese goods, with potential increases in the future.
Reading Time : 2 minutesGoldman Sachs is set to spin out its digital assets platform into a standalone company, aiming to enhance blockchain-based financial transactions for large institutions. Led by Mathew McDermott, the initiative seeks to foster collaboration among financial firms and streamline the creation and trading of digital assets, marking a significant step in integrating blockchain technology into mainstream finance.