Humanoid robots are only half as efficient as humans in factory work and thus not yet able to fill any worker shortage that factories are experiencing, Michael Tam, chief brand officer for UBTech, a leading Chinese robotics designer, said in a Financial Times interview.
Chicago-based asset manager Nuveen will buy Schroder’s, the iconic, 200-year-old London financial services firm, for $13.5 billion.
Nissan Motor will post losses totaling $4.2 billion this fiscal year as it continues its restructuring plan to survive in a global market defined by weak auto sales, U.S. tariffs, and a slower-than-expected shift among consumers to electric cars.
While U.S.-listed stocks related to artificial intelligence (AI) swell their valuations unchecked, Chinese officials are taking steps to quell what might be seen as irrational exuberance.
The British economy grew 1.3 percent last year, building on 2025’s 1.1-percent expansion, the U.K.’s Office for National Statistics reported. The GDP advanced 0.1 percent in each of last year’s third and fourth quarters.
Closures continue to hit the retail and restaurant industry due to rising costs and declining demand.
The U.S. added 130,000 jobs in January according to data released Wednesday by the Bureau of Labor Statistics (BLS).
PUBLISHER’S NOTE: As we had forecast last year at this time, prepare for a Dot-com Bust 2.0. See: ● “DOT.COM BUST 2.0? CHINA’S DEEPSEEK MAKES CLAIMS THAT COULD REVOLUTIONIZE AI MARKET…AND CRASH U.S. STOCK MARKET.” (28 Jan 2025) ● “MICROSOFT CEO PRAISES DEEPSEEK, WILL OFFER THE R1 TO ITS CUSTOMERS” (4 Feb 2025) ● “SPECIAL REPORT: CHINA’S TECH SURGE” (18 Feb 2025) ● “U.S. DOMINANCE OF EQUITY......
Germany, Europe’s biggest economy, has lost more than $1 trillion over the last six years as a result of the COVID-19 War, the Ukraine War, and President Donald Trump’s tariffs against the country, according to data from the German Economic Institute.
Paris-based Amundi, with about €2.38 trillion in assets under management, is shrinking its exposure to the U.S. dollar and telling clients to steer clear of investments denominated in the currency.