A top Israel official said last week that the country has no plans to retreat from what was a demilitarized zone inside Syria’s southern border region after seizing the territory following the fall of the country’s former leader Bashar al Assad.
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BANK OF JAPAN HIKES INTEREST RATE TO HIGHEST SINCE 2008
The Bank of Japan (BoJ) has raised its key interest rate by a quarter point to 0.5 percent, its highest in 17 years.
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U.K. BUSINESSES WILL CUT PAY RAISES, LAY OFF WORKERS TO PAY FOR TAX HIKES
About seven in 10 British employers are “extremely” or “moderately” likely to award smaller pay raises to their workers than planned in order to offset a hike in payroll taxes the government imposed in October, a survey by Incomes Data Research (IDR) found.
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GERMAN, U.K. ECONOMIES SHOW NEW DANGER SIGNS
From 1 September through November, the U.K.’s jobless rate edged up from 4.3 percent to 4.4 percent, its highest since 2021, the Office of National Statistics reported.
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U.K. HEADING FOR “DEBT DEATH SPIRAL”
The U.K. is speeding toward a “debt death spiral,” in which the government will have to borrow more and more money to pay interest on the national debt, Ray Dalio, billionaire founder of the Bridgewater Associates hedge fund, said in a Financial Times interview.
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DOT.COM BUST 2.0? CHINA’S DEEPSEEK MAKES CLAIMS THAT COULD REVOLUTIONIZE AI MARKET…AND CRASH U.S. STOCK MARKET.
Chinese start-up DeepSeek is offering a free AI assistant that it claims to have trained for $6 million instead of the $100-million-plus OpenAI and other Western developers have spent to create their models. Due to the DeepSeek AI announcement, Nvidia lost $589 billion in market value yesterday, the biggest one-day loss ever in the U.S. stock market.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, agricultural, and tech industries will continue to see job cuts this year as demand slows and prices increase.
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SPECIAL REPORT: THE U.S. HOUSING BLUES
In both 2023 and 2024, U.S. home sales languished at their lowest levels since 1995, with sales last month 20 percent below the same period in 2019, the Financial Times reported…
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FOREIGN INVESTMENT POURS INTO THE U.S.
The proportion of global foreign investment being directed into the U.S. is the largest on record, the Financial Times reported, emphasizing the strength of the American economy compared to China’s or Europe’s.