Rising operating costs continue to fuel a wave of closures across the retail, restaurant, and manufacturing sectors. In the United Kingdom, Poundland has closed 149 locations, while Toys “R” Us Canada has announced the closure of 19 stores.
Category: 27 January 2026
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Mounting economic pressures, industry shifts, and rapid technological disruption continue to drive job losses across multiple sectors.
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SPOTLIGHT: BIGS GETTING BIGGER
China’s Zijin Gold International, among the world’s largest gold miners, is pocketing Canadian counterpart Allied Gold for C$5.5 billion in cash, or about U.S.$4 billion.
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‘FULL-ON CENSORSHIP’: TIKTOK USERS SAY PLATFORM SILENCED POSTS ABOUT LATEST ICE KILLING
TikTok users in the U.S. accused the platform, which last week announced that it finalized a deal to move its U.S. business to TikTok USDS Joint Venture LLC, of intentionally silencing posts about the latest ICE shooting in Minneapolis that involved the death of Alex Pretti, a 37-year-old nurse from a VA hospital.
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EUROPE, INDIA FORGE TRADE AGREEMENT
India and the European Union have agreed on the details of a trade deal embracing 28 countries, two billion consumers, and around 25 percent of the world’s economy.
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TRUMP’S FIRST YEAR: A NEW WORLD DISORDER
President Donald Trump’s second term could be summed up in an interview that he gave earlier this month to The New York Times about how he does not feel constrained by international laws, and said the only thing that can stop him is his own mind and morality.
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CHINA DRAFTS FIVE-YEAR PLAN TO RESTART CONSUMER ECONOMY
China’s senior state planners are creating a five-year plan to energize domestic consumption and address the imbalance between “strong supply and weak demand,” according to a 20 January press briefing by officials of the country’s National Development and Reform Commission.
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GLOBAL ECONOMY DANGEROUSLY DEPENDENT ON AI, IMF WARNS
The world economy’s resilience is deceptive and has become so dependent on AI that a sharp downturn in the technology’s boom would endanger global markets’ stability, Pierre-Olivier Gourinchas, chief economist for the International Monetary Fund (IMF), said at the World Economic Forum on 19 January.
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TRUMP STEALS SHOW IN DAVOS, WHETHER OTHER GUESTS LIKED IT OR NOT
All eyes were on President Donald Trump during his visit to Davos, Switzerland, last week at the height of tensions between the White House and Europe over the future of Greenland – while other issues, like punitive tariffs and the Ukraine War took a back seat.
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TECHNOCRACY BRIEFS: AI CRATERING CREATIVITY, AND HOLLYWOOD GOES HARDCORE ANTI-AI
A new study is showing that though AI is being used more to produce creative content, AI’s creativity, especially when given free reign, leaves a lot to be desired.