The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
Category: 10 June 2025
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The number of U.S. workers laid off in May was 47 percent higher than May last year, according to a report by outplacement firm Challenger, Gray & Christmas. The firm reported 93,816 layoffs by U.S. employers in May, up from 63,816 layoffs last May. The total number of job cuts through the end of May was 696,309, an increase of 80 percent from the 385,589 job cuts in the first five months of last year.
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CHINA PLANS NETWORK OF AI SUPERCOMPUTERS IN SPACE
Last month, China launched the first 12 satellites into Earth orbit that will become part of a cluster of 2,800, ultimately forming something called the Three-Body Computing Constellation.
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CONGRESSMAN WANTS ‘FREE PALESTINE’ SLOGAN TO BE LABELED AS ANTISEMITIC
Rep. Gabe Evans, R-Colo., in response to the recent attack in Boulder that left 15 injured, introduced a resolution last week that labels the slogan “Free Palestine” as antisemitic stating it calls for the “destruction of the state of Israel and the Jewish people.”
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AI SAVED TYPICAL U.K. GOVERNMENT WORKER TWO WEEKS A YEAR, STUDY SAYS
Government workers who use AI for routine administrative tasks boosted their productivity enough to gain more than two weeks’ worth of time in the course of a year, according to a government test designed to see if AI could boost productivity.
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AI TAKES JOBS FROM THE PEOPLE WHO MADE AI POSSIBLE
Not every business has figured out how to make a profitable return on its AI investment, but some of those making out best are using AI to supplement—or, in some cases replace—high-salaried software engineers. Startups that offer AIs able to look over and improve humans’ coding, or write entire blocks of code on their own,......
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HUNDREDS OF PEOPLE ARRESTED IN NATIONWIDE EFFORT TO CRACK DOWN ON RETAIL THEFT
More than 100 jurisdictions in the U.S. took part in a two-day nationwide operation to crack down on shoplifting, which resulted in hundreds of arrests in over two dozen states that participated in the “Shoplifting Blitz.”
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XAI SELLS $5 BILLION IN DEBT, VALUES ITSELF AT $113 BILLION
Elon Musk’s xAI has retained Morgan Stanley to shepherd a $5-billion funding package that would value the AI developer at $113 billion.
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HERBICIDE BANNED IN EU COULD BE HARMING AMERICANS IN NEW WAY
An herbicide banned in the European Union but popular in the U.S. can have a negative impact on the gut health of those exposed—causing a chain reaction that harms the lungs, kidneys, or liver, according to new research.
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TRUMP CHANGE: INAUGURAL DONORS BEGIN TO RECEIVE DIVIDENDS FROM INVESTMENT
Money talks, bullshit walks.