Photo Illustrating Coinbase in Suqian, Jiangsu Province, China on June 6, 2023 (Photo Illustration by Costfoto/NurPhoto via Getty Images)Nurphoto | Nurphoto | Getty ImagesCoinbase set the business community alight after the American crypto firm dropped a musical advert which lambasted the U.K. as besieged by economic problems and an ongoing cost-of-living crisis.Online communities from LinkedIn to Reddit are buzzing over the two-minute mini musical ad titled “Everything is Fine,” which satirized the U.K. as a country riven with strikes, job losses and rocketing prices. Two people featured in the ad say they’re “jumping ship” and leaving for sunnier climes in…
Author: usaeverydaylife
U.S. President Donald Trump boards Air Force One on August 1, 2025 at Joint Base Andrews, Maryland. Anna Moneymaker | Getty Images News | Getty Images After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald Trump, imputing political bias and data manipulation to BLS Commissioner Erika McEntarfer, revised her employment status to “terminated.”Government officials from both sides of the political aisle had plenty to say about that.”Bottom line, Trump wants to cook the books,” said Ron Wyden, the top Democrat on…
Photo illustration of Nvidia’s H20 chip. Vcg | Visual China Group | Getty ImagesNvidia’s H20 chips are likely to return to China, but tech experts don’t expect them to be met with the same fanfare in the market in light of new competition and regulatory scrutiny. The Trump administration last month gave Nvidia assurances that it would be permitted to resume sales of its H20 chips to China, after their exports had been effectively banned in April. It also announced a new “fully compliant” made-for-China chip.The move was seen as a huge win for the company, which had flagged billions in losses…
Avishek Das | Sopa Images | Lightrocket | Getty ImagesIndia’s IT sector is shedding jobs, and it’s raising tough questions about what’s driving the cuts. While slowing global demand is a key factor, analysts are also watching how artificial intelligence might be reshaping roles in an industry long seen as a pillar of the country’s economic growth.The country’s largest private sector employer, Tata Consultancy Services, which employs over half a million IT workers, announced last month that it would cut more than 12,000 jobs from mostly the middle and senior management levels, equating to 2% of its global workforce —…
What to keep an eye on todayAn electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Aug. 29, 2022.Nicole Tung | Bloomberg | Getty ImagesThe second-quarter earnings season is starting to ease, with no major corporate reports Monday.On the data front, traders will be keeping an eye on the latest monetary policy decision from the Turkish central bank and Spanish employment figures.— Holly EllyattGood morning, here are the opening callsA general view of pedestrians and traffic passing over Tower Bridge on June 26, 2025 in London, United Kingdom.John Keeble | Getty Images News |…
Heat waves and longer summers are driving seasonal spikes in demand for cooling units, highlighting the need for efficient technologies and adequate power supply to keep Europe cool. This year is set to bring another record hot summer, with temperatures reaching as high as 39 degrees Celsius in Paris. The increase in heat, as well as cultural shifts and income changes, is boosting demand for air conditioning (AC) units, according to a report from the International Energy Agency published last week. Total ownership of AC units remains relatively low at 20% in Europe, the IEA data showed. Meanwhile, AC penetration…
Once seen as a small, “unexciting” market for income-seeking investors, Singapore equities have taken a sharp turn upwards, surging to record highs, with major banks and market watchers signaling that the rally is just getting started. Building on its strong gains from last year, the benchmark Straits Times Index has advanced nearly 10% so far in 2025 , outperforming the U.S. benchmark S & P 500 and several regional peers. Singapore’s stock market is drawing interest from institutional and retail investors alike, helped by a potent combination of equity market reforms, rising dividends, foreign fund inflows and country’s enduring appeal…
Despite a July slowdown, BYD retains its lead in China’s competitive EV market.Anna Barclay | Getty Images News | Getty ImagesChina’s largest EV maker BYD posted its first monthly delivery decline this year, amid stiff competition from a price war that has attracted attention from policymakers in Beijing.While other major Chinese electric vehicle makers, including Li Auto and Nio, also reported a drop in July deliveries, Xpeng shipped a record number of EVs in July. There were also bright spots in Xiaomi, Leapmotor and Aito, which recorded month-over-month growth.BYD shipped 341,030 units in July — down from 377,628 in June…
U.S. President Donald Trump boards his plane to depart from Eastern Iowa Airport, U.S. October 7, 2023.Jonathan Ernst | Reuters After U.S. jobs figures for May and June were revised significantly downward by the Bureau of Labor Statistics — slashing a combined 258,000 from previous figures — President Donald Trump, imputing political bias and data manipulation to BLS Commissioner Erika McEntarfer, revised her employment status to “terminated.”Government officials from both sides of the political aisle had plenty to say about that.”Bottom line, Trump wants to cook the books,” said Ron Wyden, the top Democrat on the Senate Finance Committee. Meanwhile, Republican…
Investors will be keeping a watch on oil prices after OPEC+ agreed to raise production to 547,000 barrels per day in September. Source link
