-
UK Unemployment Nears 5%: A Warning Sign for the Economy
Jobless rate set to hit highest level since Covid lockdowns as market weakens rapidly The UK is facing its sharpest rise in unemployment in over four years, with new labour market analysis forecasting that the jobless rate will hit 5…
-
Temu Resumes Direct Shipments to U.S. After Trade Truce
The Chinese low-cost ecommerce giant reignites competition in the American market as Europe raises alarms over potential dumping practices. August 2025 — Low-cost ecommerce platform Temu has reasserted itself in the United States market, resuming direct shipments from Chinese factories…
-
Trump Moves to Fire Fed Chair in Unprecedented Clash
Central bank chief vows to stay, setting up constitutional showdown The United States is bracing for a historic clash between the White House and the Federal Reserve after President Donald Trump announced that he had fired Federal Reserve Chair Sarah…
-
The Year the Illusion Evaporated
Mario Draghi’s Rimini broadside—on tariffs, defense and power—forces Europe’s strategic reckoning with the United States. LEAD RIMINI/BRUSSELS – Europe’s long‑held conviction that sheer market size translates into leverage has met a hard reality check. Speaking before a packed audience at…
-
Bridging the Divide: Italy Revives Ambitious Sicily-Mainland Project
A historic dream resurfaces, but scepticism and lawsuits loom over Giorgia Meloni’s €13.5bn mega-plan Rome, August 2025 – The idea of uniting Sicily with the Italian mainland through a monumental bridge has lingered in the national imagination for more than…
-
A Fork in the Road: Powell’s Jackson Hole Address and the Diverging Paths of Central Banks
Inflation divides the US and Europe, but three common challenges still loom large When Federal Reserve Chair Jay Powell stepped onto the stage in Jackson Hole this past Friday, the setting may have been familiar, but the backdrop was strikingly…
-
Beijing Pushes Back: China Curbs Nvidia’s AI Chip Sales After U.S. Official’s Remarks
Regulators quietly move against H20 processors as tensions rise over technology, trade, and national pride In a striking escalation of the U.S.-China technology rivalry, Chinese regulators have in recent weeks begun discouraging major domestic tech companies from purchasing Nvidia’s H20…
-
Norway’s Wealth Tax Sparks Flight of the Rich—and a European Debate
As September’s election looms, the levy is reshaping Norway’s politics and sending ripples across the continent August 2025 — European Report The idea of taxing wealth, long considered politically risky in Europe, is enjoying a renaissance. Rising inequality, spiraling housing…
-
DHL’s AI Upgrade: Filling Gaps, Not Cutting Jobs
The German logistics giant insists artificial intelligence is augmenting, not replacing, human labor as it tackles workforce shortages In an era when debates about artificial intelligence often focus on automation displacing workers, DHL, the global leader in logistics and delivery…
-
Berlin’s New Bet: A Youth Equity Subsidy to Future‑Proof Pensions
Germany nudges households toward individual, capital‑backed and privately managed retirement accounts as an ageing, shrinking workforce strains the pay‑as‑you‑go system Germany is preparing an unusually paternal push into the stock market on behalf of its youngest citizens. The federal government…
The Tower Post 