Volkswagen CEO faces pivotal year after $48 billion market value loss

Investors are pressing Volkswagen CEO Oliver Blume for concrete results in what they view as a make-or-break year for the German automaker. Now freed from his dual role at Porsche, which ended January 1, Blume has a narrowing window to halt the company's decline in China and address critical technology gaps against rivals. Under Blume's......

Iran claims full control of Strait of Hormuz as US armada nears

Iran's Islamic Revolutionary Guard Corps declared on Tuesday it holds "total control" over the strategic Strait of Hormuz. The statement came amid stern warnings to neighboring countries as US military forces mass in the Middle East and President Donald Trump threatens action. Mohammad Akbarzadeh, deputy political head of the......

Silver hits record $119 per ounce amid crash warnings

Silver surged to a historic peak of $119 per ounce on January 29, fueled by the Federal Reserve's decision to hold interest rates steady. The metal's parabolic climb has sparked stark warnings from market veterans drawing parallels to past speculative manias. Former JPMorgan chief strategist Marko Kolanovic delivered the most bearish......

China unveils orbital AI data centers and space tourism plans

China has announced bold initiatives to launch space tourism and gigawatt-scale orbital data centers for artificial intelligence within the next five years, escalating its rivalry with the United States in what both view as the next arena for commercial and strategic supremacy. State media reported that the China Aerospace Science and Technology......

Trump promotes government-backed investment accounts for newborns

U.S. President Donald Trump has unveiled a new initiative aimed at easing financial pressure on American families by introducing government-supported investment accounts for newborn children, known as “Trump accounts.” According to the White House, the accounts are expected to become operational in July and will be funded initially......

Mit physicists uncover first clear evidence of primordial plasma flowing as liquid

Physicists from CERN's Large Hadron Collider have captured the first unambiguous signs that the ultra-hot "primordial soup" filling the early universe flowed like a liquid, rippling and swirling in response to fast-moving particles much like water trailing behind a duck. A team led by MIT physicist Yen-Jie Lee employed a novel......

Man sentenced to 15 years in prison over plot to kill Iranian dissident Masih Alinejad

A man has been sentenced to 15 years in prison in the United States for his role in a foiled plot to assassinate Masih Alinejad, an Iranian-American journalist and prominent critic of Iran’s leadership. The conviction follows an investigation that uncovered plans to target the outspoken activist on U.S. soil. Authorities said the suspect......

EU moves toward terror designation of Iran’s Revolutionary Guards

The European Union is preparing to add Iran’s Islamic Revolutionary Guard Corps (IRGC) to its list of terrorist organizations, following a shift in position by France that clears the way for a political agreement among member states. EU foreign ministers are expected to discuss the move during a meeting in Brussels, alongside a new......

European allies reject Trump's peace council over UN concerns

European allies have firmly rejected President Donald Trump's newly launched Peace Council, citing fears that it undermines the United Nations' authority in global conflict resolution. Unveiled at the World Economic Forum in Davos on January 22, the initiative was originally intended to oversee Gaza's post-conflict reconstruction......

The world’s largest economies in 2026 by nominal GDP

Global economic power in 2026 remains highly concentrated, with a handful of countries accounting for a large share of worldwide output. According to international economic projections, total global gross domestic product (GDP) is expected to reach approximately 123.6 trillion dollars, reflecting steady but uneven growth across regions. The......

Amazon announces the elimination of nearly 16,000 jobs

U.S. technology giant Amazon announced on Wednesday a major workforce reduction, revealing plans to cut close to 16,000 positions as part of a broader organizational overhaul. In an official statement, the company explained that the decision aims to streamline its internal structure by reducing management layers and limiting bureaucratic......

Turkish and Saudi foreign ministers discuss Syria and Gaza developments

Türkiye’s Foreign Minister Hakan Fidan held a phone conversation with his Saudi counterpart, Prince Faisal bin Farhan Al Saud, focusing on recent political and security developments in Syria as well as ongoing efforts related to the Gaza peace process, according to Turkish diplomatic sources. During the exchange, both officials......

Trump says Iran wants talks as U.S. naval force arrives in the Gulf

U.S. President Donald Trump said on Tuesday that Iran is seeking negotiations, even as Washington increases military pressure with the deployment of a major naval force to the Persian Gulf. Speaking to U.S. media, Trump claimed that Iranian officials had made repeated attempts to open dialogue, while stressing that any talks would depend......

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