global economy
Time Magazine Names "Architects of AI" as 2025 Person of the Year: Tech Leaders Reshaping Humanity's Future
Dec 12, 2025 01:15 am CST
Time Magazine has recognized the "Architects of AI" as its 2025 Person of the Year, highlighting technology leaders like Jensen Huang, Sam Altman, and Elon Musk whose artificial intelligence innovations are transforming society. The magazine acknowledges both AI's tremendous economic potential and its concerning implications, as these visionaries compete in what may be the most consequential technological development since nuclear weapons.
South Africa's Strategic Withdrawal from G20 Following US Exclusion: Implications for Global Diplomacy
Dec 04, 2025 05:58 pm CST
South Africa has announced it will temporarily withdraw from G20 participation after being excluded by the United States under Trump's presidency. The diplomatic standoff follows tensions between the nations, with South Africa planning to return when Britain assumes G20 leadership. Despite the exclusion, South Africa does not expect other nations to boycott US-led meetings but hopes members will defend multilateralism and the G20's collaborative purpose.
Global Economy Shows Resilience with 3.2% Growth Forecast Despite Trump's Trade Policies
Dec 02, 2025 09:28 pm CST
The OECD has upgraded its global economic growth forecast to 3.2% for 2025, highlighting unexpected resilience despite President Trump's trade barriers. While the US growth projection improved to 2%, experts warn that tariffs will eventually impact prices and consumption. China maintains 5% growth, while India leads major economies at 6.7%, demonstrating the complex dynamics of the current international economic landscape.
Central Banks Remain Cautious on AI Adoption While Dollar Dominance Persists Despite Diversification Efforts
Nov 27, 2025 02:26 am CST
A survey of central banks managing $6.5 trillion reveals most haven't integrated AI into core operations, with 93% avoiding digital assets. Despite desires to diversify from the dollar, its unmatched liquidity maintains its dominance as the global reserve currency amid shifting toward a multipolar financial system.
China's Strategic Dominance in Rare Earths: How Beijing Secured a Global Monopoly and Its Impact on US-China Relations
Nov 26, 2025 07:43 pm CST
China controls approximately two-thirds of global rare earths mining and dominates processing capabilities, giving Beijing significant leverage in trade negotiations with the United States. As these 17 key elements become increasingly vital for defense technologies and consumer electronics, Western nations are racing to develop alternative supply chains, though experts warn this could take years. Recent export restrictions by China have heightened tensions, despite a temporary trade truce between Presidents Trump and Xi that ensures critical mineral supply for now.
Trump Administration Denies Participation in G20 Summit Amid Diplomatic Tension with South Africa
Nov 21, 2025 10:31 am CST
The Trump administration has firmly rejected South Africa's announcement of US participation in the G20 summit in Johannesburg, escalating diplomatic tensions. While the US ambassador will attend only the handover ceremony for next year's Florida summit, White House Press Secretary Karoline Leavitt criticized President Ramaphosa's statements as "running his mouth." This boycott continues Trump's pattern of withdrawing from international gatherings while maintaining harsh policies toward South Africa, including 30% trade tariffs, despite significant US business interests in the country.
AI: The "Bigger Force Than Trump" Reshaping the Global Economy, Says Ruchir Sharma
Nov 08, 2025 01:15 am CST
Ruchir Sharma explains how artificial intelligence has become the dominant force in the US economy, overshadowing even Trump's significant tariff policies. Despite tariff rates increasing from 2.5% to around 15%, the massive $500 billion investment in AI infrastructure by American tech giants is transforming economic outcomes and preventing an expected recession, though Sharma warns about potential overinvestment following the pattern of previous technological revolutions.
Supreme Court Scrutinizes Legality of Trump's Tariff Authority in Landmark Case
Nov 06, 2025 03:06 pm CST
The US Supreme Court is deliberating a landmark case examining President Donald Trump's use of the International Emergency Economic Powers Act (IEEPA) to impose widespread tariffs. Justices across the ideological spectrum questioned whether these actions exceed presidential authority by encroaching on Congress's constitutional power to regulate taxes and foreign commerce. This high-stakes case could impact global trade relationships and redefine the boundaries between executive and legislative powers in economic and foreign policy matters.
World Economic Forum Chief Warns of Three Major Financial Bubbles: AI, Crypto, and Debt
Nov 06, 2025 12:26 am CST
The President of the World Economic Forum, Borge Brende, has issued a warning about three potential financial bubbles—cryptocurrency, artificial intelligence, and debt—amidst recent declines in global technology stocks. While offering caution against market volatility, Brende also highlighted AI's dual potential to enhance productivity while threatening white-collar jobs across major cities.
Nvidia Makes History as First Company to Reach $5 Trillion Valuation, Surpassing India and Japan's GDPs
Oct 30, 2025 04:48 pm CST
Nvidia has made history by becoming the first company to reach a $5 trillion market valuation, surpassing the GDPs of major economies like India and Japan. Originally known for gaming graphics, the company has transformed into a leading AI infrastructure provider, securing $500 billion in bookings for next-generation AI chips and partnering with the US Department of Energy. This milestone places Nvidia in an exclusive club with Apple and Microsoft as tech giants whose valuations exceed the GDPs of advanced economies worldwide.