US airspace recovers as budget shutdown ends
Transportation Secretary Sean Duffy said Thursday that US air travel is recovering after the disruptions caused by the more than month-long government funding shutdown. “Yesterday was one of the best days our airspace had in a while with just a few air traffic controllers calling out from work,” he said on his X account on […]
Return to bad days of hyperinflation looms in Venezuela
Venezuelans are grappling with political and economic chaos, a mass population exodus and fears of a US military attack. Now, their wallets are ever thinner as a return to hyperinflation looms. Increasingly, people live hand to mouth, buying a tomato here, a few onions there as they manage to scrape together enough bolivars for just […]
Samsung plans $310 bn investment to power AI expansion
South Korean conglomerate Samsung unveiled on Sunday a plan to invest $310 billion over the next five years mostly in technology powering artificial intelligence, aiming to meet growing demand driven by a global boom. The business group’s flagship Samsung Electronics is already one of the world’s top memory-chip makers, providing crucial components for the AI […]
Asian markets struggle as fears build over tech rally, US rates
Asian markets struggled Monday on simmering concerns that the Federal Reserve will not cut interest rates as hoped next month, while fears of a bubble continue to weigh on sentiment. The increasingly risk-averse mood on trading floors also dragged on the crypto sector, with bitcoin erasing all its gains this year — just over a […]
EU predicts less eurozone 2026 growth due to trade tensions
The EU on Monday cut its eurozone growth forecast for 2026 as risks from international trade and geopolitical tensions weigh on Europe’s economy. The European Commission expects the 20-country single currency area to grow by 1.2 percent in 2026, down from a previous forecast of 1.4 percent. The bloc’s executive said Europe’s “highly open” economy […]
