The United States ordered a blockade of Venezuelan oil tankers because the Trump administration believes President Nicolás Maduro's regime is acting detrimentally to the United States and the world. Trump has labeled the Venezuelan government a "foreign terrorist organization" and accused the regime of asset theft, terrorism, drug trafficking, and human trafficking. He has therefore decided to block tankers sailing in and out of Venezuela as part of an economic and political pressure campaign. This move is also part of a broader US pressure campaign, including the seizure of tankers...
US job growth accelerated in September and the unemployment rate rose slightly, suggesting the labor market was showing signs of stabilization before the government shutdown. Nonfarm payrolls increased by 119,000 after declining the previous month, according to Bureau of Labor Statistics data released Thursday. The unemployment rate rose to 4.4%. Hourly earnings rose 0.2% from the previous month. The September jobs report, originally scheduled for October 3, was the first important data point missed during the government shutdown. However, because the BLS had completed data collection by...
U.S. President Donald Trump is considering an executive order that would seek to preempt state laws on artificial intelligence through lawsuits and by withholding federal funding, according to a draft of the order seen by Reuters on Wednesday. The move, which is likely to face pushback from states, shows how far Trump is willing to go to help AI companies overcome a patchwork of laws they say stifle innovation. A White House official told Reuters that until officially announced, discussion of potential executive orders was speculation. The order would task Attorney General Pam Bondi with...
U.S. President Donald Trump on Tuesday called for a single federal framework to regulate artificial intelligence, warning that differing state-level rules could impede investment and allow China to gain an edge. In a post on his Truth Social platform, Trump said AI investment was helping make the U.S. economy the "hottest" in the world, but argued that state regulations risked weakening the sector. He criticised efforts by some states to embed diversity and inclusion standards into AI systems, claiming they would produce what he called "woke AI." "We MUST have one Federal Standard instead...
Initial jobless claims in the United States reached 232,000 for the week ending October 18, according to data from the US Department of Labor website. This represents a slight increase compared to the previous week. Meanwhile, continuing claims, which indicate the number of people still receiving unemployment benefits, reached 1.957 million in the same week, slightly higher than the 1.947 million the previous week. However, the jobless claims figures released this week are incomplete due to the government shutdown. Some unadjusted state-level jobless claims data is posted on the Department...
The global geopolitical situation is once again showing signs of escalation, particularly in the Asia-Pacific region. A ship collision between the Chinese Coast Guard and the People's Liberation Army (PLA) Navy in the disputed South China Sea adds to the long list of lingering tensions. This incident has sparked renewed concerns about the stability of maritime trade routes vital to the regional economy. Elsewhere in the world, Russia and Belarus are holding large-scale military exercises titled Zapad 2025, seen as a sign of strengthening Russia's defense strategy amidst the ongoing conflict...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...