Israel and the United States are working out a new 10-year security deal as Tel Aviv’s current “memorandum of understanding,” which provides Israel with $3.8 billion a year, nears its end in 2028.
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KUSHNER’S PLAN FOR GAZA UPGRADES HIS ‘VERY VALUABLE’ REMOVE PALESTINIANS FROM ‘WATERFRONT PROPERTY’ REAL ESTATE DEAL
Jared Kushner, President Donald Trump’s son-in-law, laid out plans last month for a futuristic Gaza with hotels lining its beaches and skyscrapers, and he told an audience in Davos that there is no “Plan B” and he was banking on “catastrophic success,” which would include the complete disarmament of Hamas.
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GOING OUT OF BUSINESS TRENDS
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.
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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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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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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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USA: ’THE WORST JOB MARKET I’VE EVER SEEN’
Job opportunities for economists, especially young ones looking for a foothold in the profession, are the worst in years, The Wall Street Journal reported.
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U.S. GOVERNMENT BUYS 16 MILLION SHARES OF RARE MINERALS COMPANY
The Trump administration has issued a letter of intent to provide a $1.3-billion loan and $277 million in financing to USA Rare Earth, an Oklahoma company that mines rare earth minerals and uses them to produce high-tech magnets for the aerospace, defense, electric vehicle, and electronics industries.