Elon Musk’s Space Exploration Technologies, known informally as SpaceX, has paid $60 billion for the right to buy AI coding startup Cursor at a future time.
Tag: Global Economy
Post
SPOTLIGHT: CLEAN ENERGY IS BACK IN FOCUS
In 2025, renewable energy systems generated more electricity than coal-fired generating stations, research organization Ember reported.
Post
SPOTLIGHT: PRIVATE CREDIT’S MISERY
With the markets focused on the geopolitical and socioeconomic effects of the Iran War, it has been forgotten that the equity markets were in decline before the Iran War was launched by the U.S. and Israel on 28 February.
Post
STELLANTIS TARGETS FOUR EUROPEAN FACTORIES FOR CHINA DEAL
Stellantis, the Dutch auto conglomerate that owns Alfa Romeo, Dodge, Jeep, Ram and 10 other vehicle brands, has chosen four European factories that it may sell to Chinese EV makers or use in partnerships with them.
Post
DOLLAR STABLECOINS THREATEN EMERGING NATIONS, BIS CHIEF WARNS
Stablecoins denominated in U.S. dollars are increasingly being used as the medium of exchange in international trade – a shift that risks the “dollarization” of emerging economies, weakens their ability to control their money flows, and leaves them vulnerable to criminal activity, Pierre Hernandex de Cos, general manager of the Bank for International Settlements (BIS), said in a 20 April speech.
Post
GOING OUT OF BUSINESS TRENDS
Closures continue to hit the retail and restaurant industry due to rising costs, declining demand, shifting consumer habits and online shopping.
Post
WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The U.S. job market remains uneven, with continued layoffs as broader labor indicators hold steady. Companies cited cost pressures, restructuring, and increased spending on AI as key reasons for workforce reductions.
Post
SPOTLIGHT: THE WAR’S DEEPENING ECONOMIC SHOCK
By the hard facts and indisputable data, the illegal and unjustifiable war that the United States and Israel have launched against Iran has inflicted severe economic damage across the globe.
Post
SPOTLIGHT: CHINA’S FRAGILE ECONOMIC ADVANTAGE
China’s economic output increased 1.3 percent in this year’s first quarter from the final three months in 2025 and expanded at an annual rate of 5.3 percent, year on year.
Post
BANKS ARE AT RISK FROM THEIR LOANS TO HEDGE FUNDS, S&P SAYS
Investment banks have curtailed their direct trading activities and instead are lending massive amounts of money to hedge funds, creating “an inherent fragility” in financial markets, S&P Global Ratings said in a 15 April report.