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EU announces $1.16 billion plan to boost AI adoption in key industries and public sector

EU announces $1.16 billion plan to boost AI adoption in key industries and public sector

The European Commission set out two strategies to ensure Europe stays ahead, driving adoption in key industries and putting Europe at the forefront of AI-driven science

U.S. to impose 25 percent tariff on imported medium and heavy-duty trucks

U.S. to impose 25 percent tariff on imported medium and heavy-duty trucks

The new tariff will significantly impact costs for truck buyers and various industries reliant on these vehicles

China unveils new K visa to attract global STEM talent amid U.S. immigration restrictions

China unveils new K visa to attract global STEM talent amid U.S. immigration restrictions

The K visa simplifies entry for young professionals, eliminating job offer requirements for STEM fields 

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

U.K. economy grows 0.3 percent in Q2 2025 despite global trade pressures, policy tightening

Moderate growth reflects resilience amid high inflation, tariff disruptions, and cautious business investments 

Indonesia, EU conclude landmark trade pact after nine years of talks

Indonesia, EU conclude landmark trade pact after nine years of talks

Under the Indonesia-EU trade deal, tariffs on 96 percent of goods will be reduced to zero over five years

China keeps benchmark lending rates steady for fourth consecutive month in September

China keeps benchmark lending rates steady for fourth consecutive month in September

The one-year loan prime rate (LPR) was held at 3.0 percent on Monday, while the five-year LPR remained unchanged at 3.5 percent

Thailand’s economy grows 2.8 percent in Q2 2025 amid slowing consumption and trade risks

Thailand’s economy grows 2.8 percent in Q2 2025 amid slowing consumption and trade risks

Thailand's exports remained a key driver, expanding 15 percent, supported by front-loaded shipments ahead of the expiry of U.S. Reciprocal Tariffs suspension

Germany’s economy contracts 0.3 percent in Q2 2025 as U.S. demand slows

Germany’s economy contracts 0.3 percent in Q2 2025 as U.S. demand slows

The statistics office reported that industrial production performed worse than previously estimated

Eurozone business activity picks up in August as new orders rise for first time in 15 months: PMI

Eurozone business activity picks up in August as new orders rise for first time in 15 months: PMI

Germany, the euro area’s largest economy, recorded its third straight month of output growth in August

Switzerland moves to ease burdens on businesses as 39 percent U.S. tariff takes effect

Switzerland moves to ease burdens on businesses as 39 percent U.S. tariff takes effect

The government instructed departments to submit proposals to reduce the administrative burden on businesses

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

U.K. inflation climbs to 3.8 percent in July on rising restaurant, hotel, and food prices

Transport costs surged 3.2 percent, driven by a 30.2 percent increase in airfares

U.S. deficit to rise nearly $1 trillion above previous projections, budget watchdog warns

U.S. deficit to rise nearly $1 trillion above previous projections, budget watchdog warns

Net interest payments on the national debt are projected to total $14 trillion from 2026 to 2035