World
AI Summary
- Trump’s recent diplomatic maneuvers, particularly around Greenland, are reshaping global market sentiment and prompting international allies to reassess their geopolitical strategies, as evidenced by his Davos "Board of Peace" initiative and Europe's guarded responses.
- The US economy shows a tight labor market with jobless claims near 56-year lows, dampening expectations for immediate rate cuts, while global commodity markets are volatile, notably with cocoa prices experiencing a record monthly decline.
- The tech industry is in flux, seeing record growth in AI-driven data center infrastructure and the emergence of potential "hectocorn" IPOs, yet companies like Ubisoft are undergoing major restructuring and workforce reductions.
- Geopolitical flashpoints continue to simmer, with the US signaling an end to support for Syrian Kurds, persistent threats exchanged between the US and Iran, and growing calls for global powers to assert autonomy amidst shifting alliances.
- Domestically, US lawmakers are addressing government funding to avert a shutdown, while debates around immigration enforcement, DEI programs, and judicial interpretations of rights remain at the forefront of the political agenda.
ZeroHedge
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House To Vote On Bill To Fund The Government
44 minutes ago
by Tyler Durden
House To Vote On Bill To Fund The Government Authored by Joseph Lord via The Epoch Times, The U.S. House of Representatives will vote on a multi-bill package to fund the federal government on Thursday. The legislation includes funding for the departments of Defense, Homeland Security, Labor, Health and Human Services, Education, Transportation, and Housing and Urban Development. Most portions of the bill are expected to pass easily as members of both parties seek to avoid a repeat of the 43-day government shutdown, the longest in U.S. history, that accompanied the previous government funding fight. House Minority Leader Hakeem Jeffries (D-N.Y.) and Senate Minority Leader
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Rate-Cut Odds Tumble As Jobless Claims Hover Near 56-Year-Lows
an hour ago
by Tyler Durden
Rate-Cut Odds Tumble As Jobless Claims Hover Near 56-Year-Lows Following last week's plunge back below 200k, analysts expected a small rise to 209k this week but the number of Americans filing for jobless benefits for the first time remained flat at 200k. Notably, as is usual at this time of year, non-seasonally-adjusted claims spiked... Source: Bloomberg ...basically hovering at its lowest levels since 1969... Source: Bloomberg New York and Georgia saw the largest drops in jobless claims while Puerto Rico saw a modest increase in claims... Continuing jobless claims also ticked down (to 1.849 million Americans) - the lowest since November... Source: Bloomberg All of which fits with
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US Futures, Global Markets Rally After Trump Greenland Pivot
an hour ago
by Tyler Durden
US Futures, Global Markets Rally After Trump Greenland Pivot US equity futures and global stocks are sharply higher as the S&P again marches toward a new ATH while the latest vol spike subsides, after Trump’s tariff pivot eased geopolitical fears, though Greenland and other flashpoints mean the optimistic mood is laced with some caution. As of 8:00am ET, S&P 500 futures rose 0.5% after the benchmark’s biggest advance since November as a relief rally over President Donald Trump’s pivot on Greenland continued, with a flurry of activity in the artificial-intelligence space adding support to tech stocks: Nasdaq 100 futures climbed 0.8% as names
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Das: Trump's Spat With The Fed Is Not About Central Bank Independence
an hour ago
by Tyler Durden
Das: Trump's Spat With The Fed Is Not About Central Bank Independence Authored by Satyajit Das via New India Express, The spat between the White House and Fed Reserve Chairperson Jerome Powell, a President Trump appointment, is hardly unusual. Lyndon Johnson and Richard Nixon bullied the central bank to lower interest rates. Central banks function as the government’s banker, issue currency, maintain the payment system and manage the nation’s currency reserves. They safeguard financial stability acting as a lender of last resort to banks although separate bodies sometimes regulate the financial system. The contentious part of their mandate is controlling money supply and setting interest rates. Central
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Ubisoft Crashes Most On Record After Tom Clancy's Rainbow Six Maker Unveils Reorganization, Cancels Games
2 hours ago
by Tyler Durden
Ubisoft Crashes Most On Record After Tom Clancy's Rainbow Six Maker Unveils Reorganization, Cancels Games Ubisoft Entertainment SA shares in Paris crashed the most on record after the maker of Tom Clancy's Rainbow Six Siege (more commonly known for Assassin's Creed) announced widespread restructuring, studio closures, project cancellations, and sharply lower guidance. Shares plunged as much as 36% in the intraday session, currently down 33%, the steepest drop on record. Shares are down to around 2011 lows. Will the 2002 lows be next? The French gaming company said it expects a 1 billion euro EBIT loss in FY 2025-26, driven by a one-off 650
The Guardian
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ActionAid to rethink child sponsorship as part of plan to ‘decolonise’ its work
9 hours ago
by Kaamil Ahmed
Global development, Aid, Humanitarian response, Charities, Charitable giving, Society, Feminism, World news, Africa, Americas, Asia PacificDevelopment charity’s new co-chief executives signal shift from controversial sponsor a child scheme launched in 1972 to long-term grassroots funding Child sponsorship schemes that allow donors to handpick children to support in poor countries can carry racialised, paternalistic undertones and need to be transformed, the newly appointed co-chief executives of ActionAid UK said as they set out to “decolonise” the organisation’s work. ActionAid began in 1972 by finding sponsors for schoolchildren in India and Kenya, but Taahra Ghazi and Hannah Bond have launched their co-leadership this month with the goal of shifting narratives around aid from sympathy towards solidarity and partnership with
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Head of US Africa bureau urges staff to highlight US ‘generosity’ despite aid cuts
2 days ago
by Aisha Down
US foreign policy, Africa, USAID, Trump administration, Aid, US news, World news, US politicsEmail sent to diplomats by state department office’s new boss is labelled ‘racist’ after dismissing Africa as a priority US diplomats have been encouraged to “unabashedly and aggressively” remind African governments about the “generosity” of the American people, according to a leaked email sent to staff in the US state department’s Bureau of African Affairs this January and obtained by the Guardian. “It’s not gauche to remind these countries of the American people’s generosity in containing HIV/Aids or alleviating famine,” says the email. Continue reading...
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‘Brazen’ political influence of rich laid bare as wealth of billionaires reaches $18.3tn, says Oxfam
4 days ago
by Kaamil Ahmed
Global development, Inequality, Inequality and development, Oxfam, Protest, World news, Global economy, Economics, Business, Social exclusion, Rich lists, Kenya, Nepal, US political lobbying, Africa, US news, South and central Asia, SocietyGovernments opting for oligarchy while brutally repressing protests over austerity and lack of jobs, charity report says The world saw a record number of billionaires created last year, with a collective wealth of $18.3tn (£13.7tn), while global efforts stalled in the fight against poverty and hunger. Oxfam’s annual survey of global inequality has revealed that the number of billionaires surpassed 3,000 for the first time during 2025. Since 2020, their collective wealth grew by 81%, or $8.2tn, which the charity claims would be enough to eradicate global poverty 26 times over. Continue reading...
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Uganda’s president calls opponents 'terrorists' in victory speech
4 days ago
by Agence France-Presse
Uganda, Yoweri Museveni, Bobi Wine, Africa, World newsYoweri Museveni wins seventh term but poll criticised by observers and rights groups over repression of opposition and internet blackout Uganda’s president, Yoweri Museveni, fresh from winning a seventh term in office at 81, said on Sunday that the opposition were “terrorists” who had tried to use violence to overturn the election results. Official results showed Museveni winning a landslide with 72% of the vote, but the poll was criticised by African election observers and rights groups due to the heavy repression of the opposition and an internet blackout. Continue reading...
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Yoweri Museveni wins Ugandan election as opponent condemns ‘fake result’
5 days ago
by William Christou
Uganda, Yoweri Museveni, Africa, World newsMuseveni’s opponent, Bobi Wine, alleges that members of polling staff were kidnapped and called for peaceful protests Yoweri Museveni, has won the Ugandan election and his seventh term with more than 70% of the vote, state election authorities have said, amid an internet shutdown and claims of fraud by his opponent. His opponent, a youthful musician known as Bobi Wine, condemned what he called “fake results” and alleged that members of polling staff were kidnapped, among other election irregularities. He called for peaceful protests to pressure the authorities to release what he called the “rightful results”. Continue reading...
South China Morning Post
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How Trump 2.0 accelerated China’s push for tech and trade resilience
2 hours ago
by Wang Wen
After a year of Trump 2.0, China has much to be thankful for. This is not an endorsement of US hegemony but an expression of confidence in China’s increased resilience – and an acknowledgement of the US policies that pushed China there. The Chinese government’s stance towards Trump 2.0 remains the same: to adhere to its own principles, respond rationally and look to turn any crisis into an opportunity. For a start, Trump 2.0’s tariff war on China has backfired. All it did was force China to...
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‘For the world’: Trump launches his Board of Peace that some see rivalling UN
3 hours ago
by Associated Press
US President Donald Trump on Thursday inaugurated his “Board of Peace” to lead efforts at maintaining a ceasefire in Israel’s war with Hamas, insisting that “everyone wants to be a part” of the body that could eventually rival the United Nations – despite many US allies opting not to participate. In a speech at the World Economic Forum, Trump sought to create momentum for a project to map out a future for the war-torn Gaza Strip that has been overshadowed this week, first by his threats to seize...
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Israeli forces kill Palestinian children and journalists in Gaza despite ceasefire
3 hours ago
by Associated Press
Israeli forces on Wednesday killed at least 11 Palestinians in Gaza, including two 13-year-old boys, three journalists and a woman, hospitals said, on one of the war-battered enclave’s deadliest days since the ceasefire between Hamas and Israel took effect in October. The United States is trying to push the deal forward and implement its challenging second phase. Among the dead were three Palestinian journalists who were killed while filming near a displacement camp in central Gaza, a camp...
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Watch Trump showcase his ‘Board of Peace’ in Davos after Greenland climbdown
4 hours ago
by Agencies
US President Donald Trump showcased his new “Board of Peace” on Thursday, a day after backing off his own threats against Greenland. Trump abruptly announced on Wednesday that he was scrapping tariffs against Europe and ruling out military action to take Greenland from Denmark, partially defusing a crisis which has shaken the meeting of global elites. On his second day at the Swiss ski resort, Trump sought to promote the “Board of Peace”, his controversial body for resolving international...
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Malaysia’s Michelle Yeoh up for ‘worst actress’ Razzie for Star Trek role
5 hours ago
by Tribune News Service
The Golden Raspberry Awards on Wednesday released the nominees for the 2026 Razzies, “honouring” last year’s most dubious achievements in film. Among the biggest losers was Disney’s Snow White, which was nominated for worst picture and worst remake. The 2025 adaptation of the Disney classic also netted a worst director nomination for Mark Webb and a worst supporting actor nod for “All Seven Artificial Dwarfs”, who also got a nod for worst screen combo. The 46th Golden Raspberry Awards will crown...
New York Times
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China Wins as Trump Cedes Leadership of the Global Economy
9 hours ago
by Peter S. Goodman
Davos (Switzerland), Trump, Donald J, Xi Jinping, China, International Trade and World Market, Customs (Tariff), Lutnick, Howard W, Economic Conditions and Trends, SwitzerlandThe president used a keynote speech at the World Economic Forum in Switzerland to renounce the last vestiges of the liberal democratic order.
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Trump’s ‘Board of Peace’ Would Have Global Scope but One Man in Charge
an hour ago
by Anton Troianovski
Peace Process, United States International Relations, United States Politics and Government, United Nations, Security Council (UN), Trump, Donald J, Witkoff, Steven, Sudan, Syria, Orban, Viktor, Russia, Ukraine, IranThe initiative is the latest example of the president dismantling the post-World War II international system and building a new one, with himself at the center.
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New Poll Shows Trump’s Support Slipping, and Clintons Face Contempt Vote in Epstein Inquiry
3 hours ago
by Tracy Mumford, Will Jarvis and Ian Stewart
United States Politics and Government, Polls and Public Opinion, Presidential Election of 2024, Artificial Intelligence, Trump, Donald J, Clinton, Bill, Clinton, Hillary RodhamPlus, how A.I. is judging your résumé.
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Few Voters Say Trump’s Second Term Has Made the Country Better, Poll Finds
4 hours ago
by Shane Goldmacher, Ruth Igielnik and Camille Baker
United States Politics and Government, Polls and Public Opinion, Midterm Elections (2026), DeportationA majority of voters said that Mr. Trump had focused on the wrong priorities and that they disapproved of his handling of top issues, but the president still enjoys strong support from Republicans.
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The Voters Who Have Taken a U-Turn on Trump
4 hours ago
by Nate Cohn
Trump, Donald J, New York Times/Siena College Poll, Polls and Public Opinion, United States Politics and Government, Presidential Election of 2024, Democratic Party, Republican PartyOne year later, the second Trump coalition has come apart, a Times/Siena poll finds.