U.S. Approves ChatGPT, Gemini, Claude for Federal Use
Trump administration pushes AI adoption in government The U.S. General Services Administration (GSA) has approved ChatGPT by OpenAI, Gemini by Google, and Claude by Anthropic [more…]
Pfizer Lifts 2025 Profit Outlook on Strong Q2 Results
Better-than-expected earnings, cost cuts boost confidence Pfizer has raised its full-year profit forecast following a stronger-than-anticipated second quarter, citing effective cost reductions and improved performance [more…]
Reinhart Warns of Rising Recession Risk in U.S. Economy
Former World Bank economist cites tariffs, Fed tensions Carmen Reinhart, Harvard professor and former chief economist at The World Bank, is warning that recession risks [more…]
Swiss Watch Exports Face Major Blow From U.S. Tariffs
Luxury timepieces threatened by looming 39% trade penalty Switzerland’s prestigious watch industry is on edge as President Donald Trump prepares to impose a 39% tariff [more…]
EU Banks Pass Stress Test Despite Geopolitical Risks
Sector proves resilient in face of trade shocks and recession scenario European banks remain strong enough to withstand a prolonged economic downturn caused by global [more…]
U.S. Manufacturing Shrinks Again Amid Tariff Pressure
PMI signals fifth month of contraction and deepening job losses The U.S. manufacturing sector continued to contract in July, marking the fifth consecutive month of [more…]
China Pledges Trade Support Amid Tariff Uncertainty
Politburo commits to helping exporters but avoids bold action China’s top leadership has promised targeted support for companies impacted by rising U.S. tariffs, though no [more…]
Canada’s GDP Dips 0.1% in May, Modest Rebound Expected
Retail sector drags May output, June outlook more optimistic Canada’s economy contracted by 0.1% in May, matching analysts’ forecasts, according to data released Thursday by [more…]
Philips Cuts Tariff Impact Forecast After U.S.-EU Deal
New Agreement Halves Previously Expected Financial Hit Dutch health tech company Philips revised its estimated tariff impact downward on Tuesday following a new trade agreement [more…]
Spain Outpaces Eurozone with Robust Q2 Growth
Stronger-than-Expected Expansion Driven by Investment Spain’s economy grew 0.7% in the second quarter of 2025, surpassing analyst expectations and outperforming most major eurozone peers. The [more…]
