Publicly traded companies operating call centers, doing telemarketing, and providing similar services to client businesses are doomed by AI, hedge funds are betting.
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SOUTH KOREA IS WORLD ECONOMY’S SWEET SPOT
South Korea’s manufacturing expertise in computer chips, ships, and military equipment have made it the global economy’s sweet spot.
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OECD SEES “DARK SCENARIO” IF IRAN WAR CONTINUES NEXT YEAR
If the world’s energy flow continues to be disrupted into the second half of 2027, the world economy will grow just 2.1 percent this year and 1.8 percent next year, the Organization for Economic Cooperation and Development (OECD) said in a new forecast.
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GOLD DISPLACES U.S. TREASURIES AS CENTRAL BANKS’ CHIEF RESERVE
Gold bullion has become the chief reserve asset now held by the world’s central banks, replacing U.S. treasury securities, which have been the main reserve for more than a half-century, according to a new report from the European Central Bank (ECB).
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WORLD OIL RESERVES ARE DEPLETED, SETTING UP NEXT PRICE SPIKE
The world’s oil reserves are almost exhausted, analysts warn, and an agreement to reopen the Strait of Hormuz remains out of reach.
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GOING OUT OF BUSINESS TRENDS
Business conditions continue to deteriorate as economic pressure, high borrowing costs, and weakening consumer demand drive a growing number of companies toward closure and bankruptcy.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
U.S.-based employers announced 97,006 job cuts in May, up 16 percent from the 83,387 job cuts recorded in April, according to outplacement firm Challenger, Gray, and Christmas.
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IRAN SAYS ISRAEL MUST WITHDRAW FROM LEBANON TO END WAR WITH U.S.
Abbas Aragchi, Iran’s top diplomat, said any deal between the U.S and Tehran to end the war must include Israel agreeing to withdraw IDF troops out of Lebanon that have been occupying.
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IRAN REJECTS CEASEFIRE THAT DOES NOT END WAR ON ALL FRONTS
The Islamic Revolution Guards Corps (IRGC) said Thursday that any permanent end to the war against Israel and the U.S. would need to end the fighting on all fronts, which includes Lebanon.
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IRANIANS SAY FU TRUMP, NUCLEAR ENRICHMENT IS THEIR RIGHT
The right for Iran to enrich uranium is inalienable, and there will be no deal with Washington that includes a promise to end the country’s civilian nuclear program, a top Iranian official said in an interview last week.