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.
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IN SURPRISE REVERSAL, HOME SELLERS OUTNUMBER BUYERS
After more than three years in which desperate home buyers bid up the prices of the near-historically low number of homes for sale, in December, there were about 45 percent more households trying to sell their houses than people who bought homes, despite mortgage interest rates falling to their lowest in about three years.
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WIRELESS RADIATION MAY BE ROBBING CHILDREN OF A GOOD NIGHT’S SLEEP
Researchers looked into the sleeping patterns of children in Sweden and found that various sleeping disorders have surged there and they blamed exposure to cellphones and the expansion of 5G cell towers across the country as the culprits, according to a new report in the Children’s Health Defense News’ The Defender.
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REPORT: EAT TOO MUCH AND YOU LOSE YOUR MIND
A newly released study found that there could be a dangerous risk tying obesity during middle age to dementia as the individual ages.
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TRUMP’S MEMECOIN LOSES STEAM, OPENS PRESIDENT UP TO NEW SCRUTINY
President Donald Trump’s $TRUMP memecoin, which was one selling for $75.35 a coin, has lost 94 percent of its value as of last week, according to a report last week in the Financial Times.
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TRUMP WARNS IRAN THAT U.S. WOULD BLOW UP COUNTRY IF HE’S ASSASSINATED
President Donald Trump said in an interview last week that if Iran makes good on its threat to assassinate him, the U.S. will blow up the entire country.