Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review.
Sweeping taxes on imports have cost the average American household nearly US$1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint…
Much has changed since Chinese President Xi Jinping and Russian President Vladimir Putin last stood together atop Tiananmen Square in 2015. When they did so again this week, it was supposedly as equal…
The European Central Bank, ECB, left interest rates unchanged on Thursday with inflation back under control and the economy weathering Trump’s tariff onslaught better than expected. The bank’s…
My life’s mission has been to create safe, beneficial AI that will make the world a better place. But recently, I’ve been increasingly concerned about people starting to believe so strongly in AIs as…
For at least the last 150 years, state intervention in picking individual industries and firms to support has been shown to undermine productivity and weaken economic performance. When political…
The US Federal Reserve is much in the news currently, as White House pressure for lower interest rates calls the Fed’s independence into question. But lurking just behind the headlines is another…
Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestlé, which makes Nescafé, KitKats, pet foods and many other…
Since January, the world has watched in shock as US President Donald Trump’s administration has undermined every pillar of the economic order that the United States helped build and proudly championed…