02-01-2026

In other news

Date: 02-01-2026
Sources: economist.com: 16 | bbc.com: 10 | cbsnews.com: 10 | scmp.com: 9 | foxnews.com: 6 | edition.cnn.com: 5 | nypost.com: 5 | cnbc.com: 4 | news.sky.com: 4 | straitstimes.com: 3 | nytimes.com: 1 | theguardian.com: 1 | washingtonpost.com: 1

Summary

This section contains articles that didn't fit into any specific topic cluster. Articles are grouped by source domain.

Articles in this Cluster

America’s affordability crisis is (mostly) a mirage

The article argues that America's affordability crisis is largely a perception rather than a reality, despite the political rhetoric surrounding it. Donald Trump's 2024 presidential campaign promise to 'Make America Affordable Again' was unrealistic, as a broad decrease in prices is unprecedented outside of a deep recession. Furthermore, Trump's policies, such as imposing tariffs, have actually contributed to higher prices. The article suggests that the perceived affordability crisis has significant political power, influencing voter sentiment and election outcomes.
Entities: Donald Trump, America, Democratic Party, 2024 election, inflationTone: analyticalSentiment: neutralIntent: inform

America’s economy looks set to accelerate

The article discusses the optimistic outlook for America's economy in 2026, driven by the effects of the One Big Beautiful Bill Act (BBB), a tax-cutting law enacted in July 2025. The law's provisions, including retroactive tax cuts and reduced levies on monthly earnings, are expected to boost economic growth. Treasury Secretary Scott Bessent predicts a 'very good year' in 2026. The article highlights the potential impact of the tax cuts, worth around $191 billion, and notes that investors are remarkably optimistic about the year ahead.
Entities: Scott Bessent, America, One Big Beautiful Bill Act (BBB), Piper Sandler, The EconomistTone: positiveSentiment: positiveIntent: inform

At home and at school, AI is transforming childhood

The article discusses how Artificial Intelligence (AI) is transforming childhood, both at home and in schools. It highlights the benefits and potential dangers of AI in education, citing examples such as Khan Academy's AI-powered study aids that allow students to interact with simulations of historical figures. The article notes that while AI can provide personalized learning experiences, it also raises concerns about cheating and the potential for over-reliance on technology. The article touches on the need for a balanced approach to integrating AI into education, acknowledging both its potential to enhance learning and its potential risks.
Entities: Artificial Intelligence, Khan Academy, Pythagoras, BEIJING, LONDONTone: neutralSentiment: neutralIntent: inform

Brazil’s President Lula should not run again

The article argues that Brazil's President Lula should not run for re-election in October due to his advanced age and the associated risks, citing Joe Biden as an example. Lula has been a strong leader, standing up to Donald Trump and persuading him to back down on punitive tariffs imposed on Brazilian goods after Trump's false claim that Lula's predecessor, Jair Bolsonaro, was jailed in a stitch-up. Despite Lula's strong position, the article suggests that it's time for fresh faces in Brazilian politics.
Entities: Luiz Inácio Lula da Silva (Lula), Joe Biden, Jair Bolsonaro, Donald Trump, BrazilTone: analyticalSentiment: negativeIntent: persuade

Britain and the EU should be bolder in getting closer

The article argues that Britain and the EU should be bolder in getting closer, nearly a decade after Britain's vote to leave the EU. The years following Brexit have been marked by tortuous negotiations and a damaging Brexit deal that has hurt Britain's economy. Most Britons now think Brexit was a mistake and favour closer ties with the EU. Some voices in Britain's governing Labour Party are even considering rejoining the customs union.
Entities: Britain, EU, Brexit, European Union, Theresa MayTone: analyticalSentiment: negativeIntent: persuade

China’s property woes could last until 2030

The Chinese property market has been in crisis since 2021, and analysts are finding it increasingly difficult to track its woes due to government censorship. The government has been suppressing negative information about the property market, with thousands of social media accounts closed or suspended and estate agents being pressured to keep negative information under wraps. Private sources of property data have also stopped providing monthly home-sales figures at the government's command. The article suggests that China's property woes could last until 2030.
Entities: China, Beijing, Chinese property market, government, social mediaTone: neutralSentiment: negativeIntent: inform

Forget affordability. Europe has an availability crisis

The article argues that Europe is facing an availability crisis rather than just an affordability crisis, with tight regulation being a major contributing factor. While high prices are often cited as evidence of an affordability crisis, the article suggests that the root cause lies in the lack of availability of goods and services. The European Parliament's prioritization of tackling inflation is seen as a response to this issue. The article highlights that the problem is not just limited to housing, but also affects other areas such as food prices.
Entities: Europe, European Parliament, Eurobarometer, America, JapanTone: analyticalSentiment: neutralIntent: inform

Investors head into 2026 remarkably optimistic

The article discusses the optimism among investors heading into 2026, despite the uncertainty surrounding the market's future. Professionals are paid to predict the market's direction, but individual investors can adopt a buy-and-hold strategy. The article highlights the biggest question for investors: whether share prices will soar or plunge. It also touches on various economic topics, including China's property woes, America's economy, and Europe's availability crisis. The overall tone is neutral and informative, with a slightly optimistic sentiment. The primary intent is to provide analysis and insights on the current market and economic trends.
Entities: investors, 2026, China, America, EuropeTone: neutralSentiment: positiveIntent: inform

Many Israelis believe another war with Iran is coming

The article discusses the prevailing belief among Israelis that another war with Iran is imminent, with the only uncertainty being the timing. An Israeli intelligence officer is quoted, stating that Iran cannot allow the perception that Israel has been ahead of them to persist. The article is part of a briefing section in The Economist, which also touches on other global topics such as America's affordability crisis and the rise of populist parties in Europe.
Entities: Israel, Iran, Israeli intelligence service, The Economist, AmericaTone: analyticalSentiment: neutralIntent: inform

OpenAI’s cash burn will be one of the big bubble questions of 2026

The article discusses OpenAI's significant cash burn and its potential impact on the tech industry in 2026. Despite stock market investors' concerns about the valuations of generative-AI firms, private markets continue to invest heavily in AI startups, with OpenAI seeking to raise $100bn in 2026. The article questions the sustainability of this trend and highlights the risks associated with such high valuations.
Entities: OpenAI, ChatGPT, Anthropic, venture-capital industry, generative-AI firmsTone: neutralSentiment: negativeIntent: inform

RedBird, a small firm doing big media deals

The article discusses RedBird, a relatively small investment firm with $12 billion in assets under management, which has been involved in significant media deals. RedBird backed Paramount's hostile $108 billion bid for Warner Bros Discovery, alongside other major investors such as Apollo and Gulf sovereign-wealth funds. The firm's involvement in such a large deal highlights its growing influence in the media industry, with interests stretching from Hollywood to European football clubs like AC Milan.
Entities: RedBird, Paramount, Warner Bros Discovery, Netflix, David EllisonTone: neutralSentiment: positiveIntent: inform

The Economist’s country of the year for 2025

The Economist's annual tradition of naming a 'country of the year' for 2025 is highlighted in this article. The selection is not based on the country being the happiest or most influential but rather on which country has shown the most improvement in various aspects such as economy, politics, or other significant areas. The article discusses the criteria behind this selection and teases the reveal of the chosen country for 2025.
Entities: The Economist, Scandinavian, Britain, EU, Ben HickeyTone: analyticalSentiment: neutralIntent: inform

The future of space exploration depends on better biology

The article discusses the future of space exploration and argues that it depends on advancements in biology rather than just technological advancements like rockets. The number of people in space is expected to increase significantly in the coming decades, with predictions ranging from a million to settling on Mars. The article highlights the importance of addressing biological needs such as sewage treatment for long-term space missions.
Entities: Jeff Bezos, Elon Musk, International Space Station, America, CanadaTone: analyticalSentiment: neutralIntent: inform

The truth about affordability

The article discusses the growing concern about affordability and the cost of living in rich countries, particularly among voters. The term 'affordability' is becoming a key issue in the US and Europe, with Democrats in the US and politicians in Europe using it to describe a crisis. However, the article questions whether prices are truly out of whack. The piece highlights the transatlantic consensus on the issue and notes that politicians may exacerbate the problem. It also touches on the use of slogans and memes in politics, suggesting that Europe is more adept at reposting American ideas than creating its own.
Entities: Democrats, Europe, US, Britain, EUTone: analyticalSentiment: neutralIntent: inform

Why fewer Americans are giving than before

The article discusses the decline in charitable giving among Americans in 2025, challenging the common assumption that this trend is solely attributed to President Donald Trump's influence. While Trump's policies and rhetoric may have contributed to a shift in philanthropic behavior, the reality is more complex. The article suggests that the decline in charitable giving is a multifaceted issue, influenced by various factors beyond Trump's presidency. It highlights that Americans typically engage in charitable giving during the year-end holiday season, but this trend appears to be waning. The article concludes by noting that the reasons behind this decline are not straightforward and cannot be solely attributed to Trump's impact on philanthropy.
Entities: Donald Trump, America, The Economist, Finance & economics, ChinaTone: analyticalSentiment: neutralIntent: inform

Your Well Informed guide to surviving Christmas

The article 'Your Well Informed guide to surviving Christmas' provides evidence-based advice on how to cope with the perils of Yuletide feasting. Drawing from hundreds of studies on health and well-being, the guide offers tips on how to navigate the festive season. The article emphasizes the importance of enjoying oneself during Christmas, suggesting that 'fun is good for you too.' It is part of The Economist's 'Well Informed' column, which has been providing health and well-being advice since the start of 2025.
Entities: The Economist, Well Informed column, Christmas, Yuletide feasting, 2025Tone: neutralSentiment: positiveIntent: inform

Americans brace to start New Year without healthcare

Millions of Americans will start the new year without healthcare or facing significantly higher premiums due to the expiration of subsidies provided through the Affordable Care Act (ACA). The subsidies, which were expanded during the Covid pandemic, were not extended by Congress, leaving many families to choose between unaffordable healthcare costs or going without insurance. Some individuals are resorting to different government programs, such as Medicaid, while others are being forced to go without healthcare or pay steep increases in premiums. A vote on extending the subsidies is expected in early January.
Entities: Adrienne Martin, Texas, Affordable Care Act (ACA), Obamacare, CongressTone: negativeSentiment: negativeIntent: inform

China's BYD set to overtake Tesla as world's top EV seller

China's BYD is poised to overtake Tesla as the world's largest electric vehicle (EV) seller, with BYD selling over 2.25 million vehicles last year, a 28% increase from the previous year. Tesla is expected to reveal its sales figures later, but estimates suggest it sold around 1.65 million vehicles. BYD's success is attributed to its competitive pricing, which has put pressure on Western rivals. Tesla has faced challenges, including a mixed reception to new models and unease over Elon Musk's political activities. Musk's pay package is tied to Tesla's performance, and he faces pressure to boost sales and stock market value.
Entities: BYD, Tesla, Elon Musk, China, USTone: neutralSentiment: neutralIntent: inform

County Wicklow: Settlement find may challenge Vikings first towns theory - researcher

A recent archaeological discovery in County Wicklow, Ireland, has revealed a large hilltop settlement dating back to the Late Bronze Age, around 1200 BC. The settlement, known as Brusselstown Ring, contains over 600 suspected houses, making it the largest nucleated settlement ever discovered in prehistoric Britain and Ireland. The findings challenge the theory that the Vikings built the first towns in Ireland, with researcher Dr. Dirk Brandherm suggesting that Brusselstown Ring represents a 'proto-town' that predates Viking settlements by 2000 years. The settlement features roundhouses, a stone-lined cistern, and defensive walls, providing new insights into the lives of prehistoric communities.
Entities: Dr. Dirk Brandherm, County Wicklow, Ireland, Brusselstown Ring, VikingsTone: neutralSentiment: positiveIntent: inform

Japan PM joins fight for more female toilets in parliament

Japan's Prime Minister Sanae Takaichi is among 60 female lawmakers petitioning for more women's toilets in the parliament building, citing the growing representation of women in the legislature. The current facilities are deemed 'often inconvenient' as they are shared with female staff and visitors. The issue highlights the broader problem of inadequate women's restrooms in Japan, with long lines a common sight nationwide. The government has previously set targets to increase female representation in leadership roles, but progress has been slow.
Entities: Sanae Takaichi, Japan, Yasuko Komiyama, Constitutional Democratic Party, Yasukazu HamadaTone: neutralSentiment: positiveIntent: inform

Passenger describes 'chaos' after head-on Machu Picchu train collision

A head-on collision between two trains near Machu Picchu, Peru's most popular tourist attraction, resulted in the death of a train driver and injured at least 40 others. Passenger Niels Honkoop described the scene as 'chaos' with people crying, bleeding, and lying on the floor. The crash occurred on a track linking Ollantaytambo Station and Aguas Calientes, operated by PeruRail and Inca Rail. The cause is unclear, but it comes amid a dispute over the bidding process for transport to the UNESCO world heritage site. The UK Foreign Office and US embassy are supporting their nationals involved in the crash.
Entities: Niels Honkoop, Machu Picchu, Peru, Ollantaytambo Station, Aguas CalientesTone: neutralSentiment: negativeIntent: inform

Roberto Carlos: Brazil legend 'recovering well' in hospital after procedure - BBC Sport

Brazil and Real Madrid football legend Roberto Carlos underwent a preventative medical procedure and is recovering well in the hospital. He denied rumors that he had suffered a heart attack and thanked his fans and medical team for their support. Carlos is a renowned former left-back who won numerous titles including four La Liga titles and three Champions Leagues with Real Madrid, and the World Cup with Brazil in 2002.
Entities: Roberto Carlos, Brazil, Real Madrid, La Liga, Champions LeaguesTone: positiveSentiment: positiveIntent: inform

Seven dead, dozens missing after boat bound for Canary Islands capsizes in Gambia

A boat carrying around 200 migrants attempting to reach the Canary Islands capsized off the coast of Gambia, resulting in at least seven deaths and dozens missing. The vessel was found grounded on a sandbank near Jinack village, and 96 people have been rescued so far. The incident highlights the perilous journey African migrants take to reach Europe, with nearly 47,000 people reaching the Canary Islands in 2024 and over 9,000 estimated deaths. The Gambian Navy launched a search-and-rescue operation, and authorities are verifying the identities of the victims.
Entities: Gambia, Canary Islands, Europe, Jinack village, North Bank RegionTone: neutralSentiment: negativeIntent: inform

Stateless in South Africa: 'You're invisible, you don't exist' - life without a birth certificate

The article discusses the issue of statelessness in South Africa, where an estimated 10,000 people, including 25-year-old Arnold Ncube, are unable to prove their nationality due to lack of birth certificates or other documents. Statelessness can lead to a shadow life, making it difficult to access basic necessities like education and healthcare. Christy Chitengu, a human rights lawyer, shares her personal experience of being stateless and highlights the need for policy changes to address the issue. Experts believe that statelessness is a global problem affecting an estimated 4.5 to 15 million people worldwide.
Entities: Arnold Ncube, Christy Chitengu, South Africa, Johannesburg, ThembisaTone: emotionalSentiment: negativeIntent: inform

Stranger Things: Season five draws to an epic and emotional close

The fifth and final season of the Netflix series Stranger Things has come to an epic and emotional close with a dramatic two-hour finale. The episode, titled Chapter Eight: The Rightside Up, initially overloaded Netflix servers but was soon restored. The finale featured massive battle scenes and emotional tributes that brought closure to the characters. Fans attended special cinema screenings in cities across the US and Canada, and some dressed up as characters. The finale left some fans pleased, while others wanted more, with some theories being spot on and others not. The epilogue scene showed the characters 18 months after the events of the finale, with a happy ending for everyone, although some plot holes were left unexplained.
Entities: Stranger Things, Netflix, The Duffer Brothers, Millie Bobby Brown, Winona RyderTone: emotionalSentiment: positiveIntent: inform

Trump says he takes higher daily dose of aspirin than doctors recommend

US President Donald Trump revealed in an interview with The Wall Street Journal that he takes a higher daily dose of aspirin than recommended by doctors, uses makeup to cover bruising on his hands, and doesn't exercise regularly. Trump, 79, the oldest president inaugurated in US history, said he has been taking 325mg of aspirin daily for 25 years to thin his blood. He also clarified that he underwent a CT scan in October, not an MRI as previously claimed. Trump's doctor stated that Trump is in 'exceptional health' and 'perfectly suited to execute his duties as Commander in Chief'.
Entities: Donald Trump, The Wall Street Journal, Walter Reed National Medical Center, Navy Capt Sean Barbaella, USTone: neutralSentiment: negativeIntent: inform

Anthony Joshua, British heavyweight champion boxer, released from hospital after fatal crash in Nigeria - CBS News

British boxer Anthony Joshua was involved in a fatal road crash in Nigeria on Monday, resulting in the deaths of two of his team members. Joshua was hospitalized with minor injuries and later released on Wednesday after being deemed clinically fit to recuperate at home. The incident has raised concerns about road safety in Nigeria, where accidents are common. Joshua had recently won a bout against Jake Paul and was in Nigeria to pay his respects to his deceased team members.
Entities: Anthony Joshua, Nigeria, Lagos, Gbenga Omotoso, Sina GhamiTone: neutralSentiment: negativeIntent: inform

Bondi Beach attack probe yields no evidence of "broader terrorist cell," police say - CBS News

An investigation into a mass shooting at a Sydney Jewish festival has found no evidence that the two perpetrators, Sajid and Naveed Akram, were part of a broader terrorist cell. The father and son duo spent time in the Philippines before the attack, but police say they acted alone and received no training or logistical support. The attack, which killed 15 people and wounded 40, is believed to have been inspired by ISIS ideology. Authorities are increasing security measures for New Year's Eve celebrations in Sydney, with over 2,500 police officers on duty.
Entities: Sajid Akram, Naveed Akram, Krissy Barrett, Bondi Beach, SydneyTone: neutralSentiment: negativeIntent: inform

Cecilia Giménez, Spanish woman known for botched fresco restoration, dies at age 94 - CBS News

Cecilia Giménez, a Spanish woman known for her botched restoration of a century-old fresco of Jesus Christ, has died at the age of 94. The restoration, which was done with the best of intentions, resulted in a cartoonish and unrecognizable version of the original painting, sparking global headlines and a flood of online reactions. Despite the controversy, Giménez's actions turned the small town of Borja into a tourist destination, with 57,000 visitors the following year. Giménez later had an art exhibition featuring her own paintings.
Entities: Cecilia Giménez, Borja, Spain, Ecce Homo, Elias Garcia MartinezTone: neutralSentiment: neutralIntent: inform

France defends decision to grant George Clooney and his family French citizenship amid criticism - CBS News

The French government has defended its decision to grant French citizenship to actor George Clooney, his wife Amal Clooney, and their twins, despite criticism from a junior French minister and former US President Donald Trump. The government argued that the Clooneys contribute to France's international influence and cultural outreach, citing George Clooney's global movie star status and Amal Clooney's work with academic institutions and international organizations in France. The decision was made under a French law that allows for the naturalization of foreign nationals who contribute to France's well-being. The Clooneys have strong ties to France, having purchased an estate there in 2021 and making it their primary residence.
Entities: George Clooney, Amal Clooney, France, French citizenship, Donald TrumpTone: neutralSentiment: positiveIntent: inform

Head-on train collision near Peru's Machu Picchu kills at least 1, injures 40 - CBS News

A head-on collision between two trains near Peru's Machu Picchu resulted in at least one death and 40 injuries. The deceased was the conductor of one of the trains. The U.S. Embassy reported that U.S. citizens were among the injured, but the number and extent of their injuries were not specified. The accident occurred on a single track linking Ollantaytambo to Machu Picchu, with the cause still unknown. The historic site, a UNESCO World Heritage Site, attracts thousands of visitors daily, many of whom travel by train and bus. The rail agency Ferrocarril Transandino reported that the trains involved were operated by PeruRail and Inca Rail.
Entities: Machu Picchu, Peru, Cusco, U.S. Embassy, PeruRailTone: neutralSentiment: negativeIntent: inform

Italy cable car accident leaves 4 hurt, 100 stranded on mountaintop for hours - CBS News

A cable car accident in northwest Italy left 4 people injured and around 100 stranded on a mountaintop for hours. The incident occurred on the Macugnaga cable car, which travels up to the Moro Pass at an altitude of 2,800 meters. The cabin allegedly arrived at the top station at excessive speed, causing the accident. The stranded visitors were later evacuated by helicopter. The incident comes at the peak of the ski season, raising concerns about safety. This is not the first cable car accident in Italy, with previous incidents occurring in April and 2021.
Entities: Italy, Macugnaga, Moro Pass, Alpine rescue services, Agence France-PressTone: neutralSentiment: negativeIntent: inform

New Year's Eve celebrations welcome 2026 around the world. See the photos. - CBS News

The world welcomed 2026 with New Year's Eve celebrations, marked by increased security measures and tributes to recent tragedies. Major cities like Rio de Janeiro, New York City, and Paris hosted large events with fireworks and concerts. Some cities, like Hong Kong and Sydney, adjusted their plans to honor victims of recent disasters and terror attacks. The celebrations were attended by millions, with notable events including the Times Square ball drop in New York City and the Pope's final general audience of 2025 at the Vatican.
Entities: New York City, Times Square, Rio de Janeiro, Copacabana Beach, Hong KongTone: neutralSentiment: positiveIntent: inform

Pope Leo starts 2026 with prayer for countries "bloodied by conflict," families wounded by violence - CBS News

Pope Leo XIV began 2026 by praying for peace, specifically for countries affected by conflict and families hurt by violence. He celebrated a New Year's Day Mass in St. Peter's Basilica and delivered a special prayer from his studio. The Pope highlighted the church's World Day of Peace and urged prayer for peace among nations and within homes. He also referenced his recent Christmas homily, where he condemned the devastation caused by wars and the dire situation in Gaza. The Pope is set to preside over a meeting with the College of Cardinals and close out the 2025 Holy Year.
Entities: Pope Leo XIV, St. Peter's Basilica, Vatican, Gaza, RussiaTone: positiveSentiment: positiveIntent: inform

U.S. says China's military activities near Taiwan "increase tensions unnecessarily" - CBS News

The U.S. State Department has criticized China's recent military activities near Taiwan, stating that they 'increase tensions unnecessarily.' The activities, which included missile launches and the deployment of fighter jets, navy ships, and coastguard vessels, were part of a military exercise code-named 'Justice Mission 2025.' The U.S. is committed to ensuring Taiwan's self-defense and opposes unilateral changes to the status quo across the Taiwan Strait. China claims Taiwan as its territory and has threatened to use force to annex it. The tensions between China and Taiwan have been escalating since 2022, when then-U.S. House Speaker Nancy Pelosi visited Taiwan, enraging Beijing. The U.S. has approved an $11 billion arms package for Taiwan, which China sees as a provocation. The situation remains tense, with the U.S. urging Beijing to exercise restraint and engage in meaningful dialogue with Taiwan.
Entities: China, Taiwan, United States, Tommy Pigott, State DepartmentTone: neutralSentiment: negativeIntent: inform

Women Japanese lawmakers point to unique shortage — toilets for them - CBS News

Nearly 60 women lawmakers in Japan have submitted a petition calling for more toilets in the parliament building to match their improved representation. The number of women politicians rose in the last election, with 73 women elected to the lower house, but the parliament building's infrastructure has not kept pace. The building, finished in 1936, has only one lavatory with two cubicles near the main plenary session hall for the 73 women, compared to 12 men's toilets with 67 stalls. The petition highlights Japan's ongoing struggle with gender equality, with women under-represented in politics, business, and media. Prime Minister Sanae Takaichi, who has spoken about women's health struggles, has been criticized for her conservative stance on issues like married couples' surnames and imperial succession.
Entities: Sanae Takaichi, Japan, National Diet, Tokyo, Yasuko KomiyamaTone: neutralSentiment: negativeIntent: inform

2,000-year-old machine found in western China tomb could be a binary computer: authorities | South China Morning Post

A 2,000-year-old silk-weaving loom discovered in a tomb in western China may be considered the world's earliest computer due to its programmable computation capabilities. The loom, known as the ti hua ji or figured loom, used physical pattern cards to direct the lifting of warp threads, representing a binary system with raised threads as 1 and lowered threads as 0. The China Association for Science and Technology (CAST) has recognized the loom as proto-computing hardware, potentially rewriting technological history from a non-Western perspective.
Entities: China, Western Han dynasty, Chengdu, China Association for Science and Technology (CAST), ti hua jiTone: neutralSentiment: positiveIntent: inform

21 held in Hong Kong over renovation bid-rigging, including HK$33 million deal | South China Morning Post

Twenty-one individuals, including suspected triad members, contractors, and project consultants, have been arrested in Hong Kong for allegedly manipulating renovation project tenders at two residential estates in Kwun Tong. The Independent Commission Against Corruption (ICAC) cracked down on the syndicate, which was linked to a HK$33 million renovation contract. The arrests follow a devastating fire in Tai Po that killed at least 161 people, raising concerns about bid-rigging and corruption in the renovation industry. The ICAC alleged that bribes were offered to secure the HK$33 million contract and that middlemen collected proxy instruments from flat owners to manipulate the incorporated owners of one estate.
Entities: Hong Kong, Independent Commission Against Corruption (ICAC), Kwun Tong, Tai Po, triadTone: neutralSentiment: negativeIntent: inform

China must take action to avoid Japan-style deflation spiral, scholars warn | South China Morning Post

Scholars from Peking University warn that China is at risk of falling into a Japan-style deflation spiral if it doesn't take more forceful action. They urge the government to adopt a binding inflation target and prioritize reviving price growth. China's consumer price index has grown at less than 1% for 33 months, and factory-gate prices have been in contraction for over three years. The scholars cite Japan's 'lost decades' as a cautionary tale, where deflation became deeply entrenched due to unchanging public expectations.
Entities: China, Japan, Peking University, He Xiaobei, BeijingTone: neutralSentiment: negativeIntent: inform

China’s record hypergravity machine, Nepal’s ‘bride buying’ probe: SCMP’s 7 highlights | South China Morning Post

The South China Morning Post highlights seven significant news stories from the past week, covering topics such as China's record-breaking hypergravity machine, a massive trade surplus, and Beijing's response to criticism over military drills around Taiwan. Other stories include a probe into 'bride buying' in Nepal and various regional news. The selected stories are considered to have resonated with readers and shed light on topical issues across Hong Kong, mainland China, and the wider Asia region.
Entities: China, South China Morning Post, Taiwan, Hong Kong, NepalTone: neutralSentiment: neutralIntent: inform

Could 2026 be the make-or-break year of CK Hutchison’s Panama ports deal? | South China Morning Post

The $22.8 billion sale of CK Hutchison's global ports business to a Western consortium led by BlackRock and Terminal Investment Limited (TiL Group) is uncertain due to geopolitical tensions between Washington and Beijing. The deal, announced in March 2025, has been pending for nearly 10 months. Professor Lau Siu-kai, a consultant to the Chinese Association of Hong Kong and Macau Studies, expressed skepticism about the deal's future, citing the strategic value of the terminals to China and the unlikely approval of China holding majority shares by the US. The sale's completion is crucial for CK Hutchison, a Hong Kong conglomerate owned by billionaire Li Ka-shing, as it was intended as a strategic exit.
Entities: CK Hutchison, Li Ka-shing, Panama, Washington, BeijingTone: neutralSentiment: negativeIntent: inform

Hanwha combat systems deal deepens South Korea’s role in Philippine defence | South China Morning Post

South Korea's Hanwha Systems has secured a $27.7 million contract to supply combat management systems and tactical data links for two next-generation Philippine Navy frigates. This deal deepens South Korea's role as a key arms supplier to the Philippines, marking the fifth time the Philippine Navy has sourced such systems from Hanwha since 2017. The contract is part of the Philippines' military modernization drive amid tensions in the South China Sea. The combat management system will integrate the warship's sensors, weapons, and communications into a single system for command and control, tailored to the Philippines' complex maritime environment.
Entities: Hanwha Systems, Philippine Navy, South Korea, Philippines, South China SeaTone: neutralSentiment: positiveIntent: inform

Hong Kong receives twice as many mainland Chinese visitors on New Year’s Day | South China Morning Post

Hong Kong saw a significant increase in mainland Chinese visitors on New Year's Day 2026, with numbers doubling compared to the same day in 2025. Lawmaker Alan Chan Chung-yee attributed this surge to a three-day holiday in mainland China and strained Beijing-Tokyo ties, which have led some travellers to choose Hong Kong over Japan. Chan noted that Hong Kong's Christmas atmosphere and mega-events have made it an attractive alternative destination.
Entities: Hong Kong, Mainland China, Alan Chan Chung-yee, Miramar Group, ChinaTone: neutralSentiment: positiveIntent: inform

Hong Kong’s IPO dominance in 2025 set to carry on into new year | South China Morning Post

Hong Kong's stock exchange is expected to continue its dominance in initial public offerings (IPOs) in 2026, following a strong performance in 2025. The city's exchange saw 114 companies raise US$37.22 billion on its main board in 2025, more than tripling the amount raised in 2024 and ranking it as the world's largest IPO market for the first time since 2019. According to a leading banker, the IPO market is set to remain bullish in 2026, with a potential raise of up to US$38.5 billion. The Hang Seng Index is also expected to perform well, supporting IPO market sentiment.
Entities: Hong Kong, Hong Kong Stock Exchange, London Stock Exchange Group (LSEG), UBS, John Lee Chen-kwokTone: positiveSentiment: positiveIntent: inform

In the new world order, market power trumps military might. Can China compete? | South China Morning Post

The article discusses how the global landscape is shifting with market power becoming more important than military might in international relations. Analysts at a Beijing-based think tank argue that China needs to adapt to this new environment driven by technological innovation, institutional leverage, and market power to compete effectively. The article highlights the changing metrics of competition and how they are reshaping the international system built around Western dominance.
Entities: China, United States, Beijing, China Institutes of Contemporary International Relations (CICIR), Ministry of State SecurityTone: analyticalSentiment: neutralIntent: inform

Alabama student suffers 'serious' fall on family's Caribbean vacation: report | Fox News

A University of Alabama student, Matthew Polaski, suffered a severe head injury while on a family vacation in the Dominican Republic. He fell on December 28th and was rushed to a local hospital where he underwent emergency surgery. Polaski was later transported to Miami for further treatment and remains in critical care. A GoFundMe page has been set up to help cover his medical expenses, which have reached nearly $75,000. The circumstances of the fall are unclear. Polaski is described as a hardworking and respectful young man who was on winter break from his freshman year at the University of Alabama.
Entities: Matthew Polaski, University of Alabama, Dominican Republic, Caribbean, Mike PolaskiTone: neutralSentiment: negativeIntent: inform

China's contraceptive tax begins amid severe population decline concerns | Fox News

China has introduced a 13% value-added tax on contraceptives starting January 1, while exempting childcare services from the same tax, in an effort to boost births amid a severe population decline. The move has sparked backlash and concerns among the public and health experts, who warn that it could lead to unintended pregnancies and sexually transmitted infections. Demographers and policy analysts are skeptical that the tax will meaningfully raise birth rates, and some have criticized the government's approach as symbolic and potentially damaging to public trust.
Entities: China, Beijing, India, University of Wisconsin–Madison, Center for Strategic and International Studies (CSIS)Tone: negativeSentiment: negativeIntent: inform

Drone expert dismisses Putin residence 'attack' footage as proving nothing | Fox News

Russia released drone footage allegedly showing the wreckage of a Ukrainian drone intercepted during an attempted attack on President Vladimir Putin's residence. However, the footage has been met with skepticism, with US national security officials concluding that Ukraine did not target Putin or his residences. A drone expert dismissed the footage as unconvincing, stating that the drone shown appeared ill-suited for such a mission. Ukrainian officials have denied the allegations, calling the footage 'laughable' and 'a complete fabrication.' The incident has raised questions about Russia's motivations and the timing of the allegations, which came shortly after a meeting between President Trump and Ukrainian President Volodymyr Zelenskyy.
Entities: Vladimir Putin, Russia, Ukraine, United States, CIATone: neutralSentiment: negativeIntent: inform

France planning to ban children under 15 from social media starting 2026 | Fox News

France is planning to ban children under 15 from using social media and restrict cellphone use in high schools starting in 2026, according to a report by Le Monde. The proposal, backed by President Emmanuel Macron, aims to curb excessive screen time and protect minors from online risks such as inappropriate content and cyber-harassment. The move follows Australia's lead in introducing a world-first ban on social media for children under 16 years old. Macron has previously taken steps to protect minors digitally, but technical challenges and EU regulations have limited the effectiveness of such measures. The proposal is expected to be debated in Parliament in January, with a potential start date of September 2026.
Entities: France, Emmanuel Macron, Australia, European Union, Le MondeTone: neutralSentiment: neutralIntent: inform

Kim Jong Un's daughter Ju Ae appears at Kumsusan Palace on New Year's Day | Fox News

North Korean leader Kim Jong Un appeared publicly with his daughter, Ju Ae, during a New Year's Day visit to the Kumsusan Palace of the Sun, a symbolic site honoring the country's founding leaders. The appearance has fueled speculation about Ju Ae's future role in the regime, with analysts suggesting she may be positioned as a potential successor to Kim Jong Un. Ju Ae has been featured more often in state media over the past three years, and her public appearances have been seen as significant by analysts. The visit is part of a longstanding tradition in North Korea, where Kim visits the mausoleum on key dates and anniversaries to reinforce the legitimacy of the nuclear-armed country's dynastic heritage.
Entities: Kim Jong Un, Ju Ae, Kumsusan Palace of the Sun, North Korea, KCNATone: neutralSentiment: neutralIntent: inform

Pope Leo XIV appeals for peace in 2026 New Year's Day address message to world | Fox News

Pope Leo XIV delivered a New Year's Day message on January 1, 2026, urging the world to reject violence and commit to reconciliation. Speaking to around 40,000 people gathered in St. Peter's Square in Rome, the Pope emphasized that peace is a gift from God that requires personal conversion and choices in daily life. He highlighted efforts to build peace across the world and expressed appreciation for individuals and organizations dedicated to ending conflict and promoting dialogue. The Pope also welcomed students and teachers from Richland, New Jersey, and closed with a biblical blessing from St. Francis of Assisi, entrusting the new year to Mary, the Mother of God.
Entities: Pope Leo XIV, St. Peter's Square, Rome, World Day of Peace, Sergio MattarellaTone: positiveSentiment: positiveIntent: inform

2026 is a hinge in history that will define Trump’s second term and legacy | CNN PoliticsClose icon

The article discusses how 2026 will be a defining year for President Donald Trump's second term and legacy. It highlights Trump's actions and policies, including his use of executive authority, tax cuts, and controversial decisions on issues like immigration and healthcare. The article also notes that Democrats hope to resist Trump's presidency by winning at least one chamber of Congress in the midterm elections. Trump's approval rating has plunged, and there are signs that his movement is fracturing. The year will test the Constitution and centers of power, and Trump's ability to maintain his political capital.
Entities: Donald Trump, Stephen Collinson, CNN, White House, Washington, DCTone: analyticalSentiment: negativeIntent: inform

DHS begins slashing FEMA disaster response staff as 2026 begins | CNN PoliticsClose icon

The Department of Homeland Security (DHS) has begun cutting dozens of staff at the Federal Emergency Management Agency (FEMA) who are crucial for disaster response and recovery. The cuts target FEMA's Cadre of On-Call Response and Recovery (CORE) teams, which form the backbone of the agency's operations during and after disasters. The decision to cut roughly 50 CORE staff came from FEMA's new acting chief, Karen Evans, and is seen as part of a larger effort by the Trump administration to shrink FEMA, potentially axing thousands of workers. FEMA's CORE employees are among the first federal responders on the ground during disasters, working with local officials to help survivors and manage aid and grants. The cuts have left employees anxious about more cuts, and officials are warning that states may not be equipped to handle major disasters on their own. The Trump administration has argued that FEMA is bloated, despite a report finding a staffing shortfall of over 6,000 employees. A task force appointed by the administration is expected to release recommendations, including a proposal to cut FEMA's workforce in half.
Entities: Department of Homeland Security (DHS), Federal Emergency Management Agency (FEMA), Cadre of On-Call Response and Recovery (CORE) teams, Karen Evans, Kristi NoemTone: negativeSentiment: negativeIntent: inform

In India, door deliveries can come in under 10 minutes. But many drivers are fed up | CNNClose icon

Tens of thousands of app-based delivery workers in India went on strike over New Year's Eve, protesting a system they say is defined by relentless pressure, including requirements to deliver items in under 10 minutes. The workers are calling for 'fair pay, dignity and safety,' as well as an immediate ban on a marketing hook that commits them to delivering groceries to any address within a roughly three kilometer radius within 10 minutes. The strike, organized by the Indian Federation of App Based Transport Workers, saw over 200,000 workers participate, highlighting the deep chasm between the convenience offered to urban consumers and the livelihoods of those providing it. Critics argue that the gig economy model creates a new form of exploitation, taking the instability of informal work and embedding it within a controlled corporate structure.
Entities: India, Swiggy, Zomato, Blinkit, ZeptoTone: negativeSentiment: negativeIntent: inform

Suspected mountain lion attack in Colorado leaves woman dead | CNNClose icon

A woman was found dead on a hiking trail in northern Colorado, suspected to be a victim of a mountain lion attack. Authorities believe this to be a rare fatal attack, with the last recorded fatal mountain lion attack in Colorado occurring in 1999. Colorado Parks and Wildlife (CPW) is leading the investigation and has euthanized two mountain lions in the area. The victim's identity and cause of death are pending release by the Larimer County coroner. CPW advises on safety measures to take when encountering mountain lions, such as making noise and appearing larger.
Entities: Colorado, Rocky Mountain National Park, Crosier Mountain trail, Larimer County, Colorado Parks and WildlifeTone: neutralSentiment: negativeIntent: inform

Ukraine power cuts: ‘No reason to stop living’: Ukrainians find ways to cope with power cuts as Russia pounds the energy system | CNNClose icon

The article discusses how Ukrainians are coping with frequent power cuts caused by Russian attacks on the country's energy infrastructure. Despite the challenges, many Ukrainians are finding ways to adapt, with some businesses changing their menus and prices based on their power source, and schools finding alternative ways to continue activities like fencing. The article highlights the resilience of the Ukrainian people, with many refusing to let the power cuts disrupt their lives. The situation is dire, with tens of thousands of people without power or heating amid freezing winter temperatures, but Ukrainians are determined to continue living their lives.
Entities: Liudmyla Shramko, Kyiv, Ukraine, Russia, Volodymyr ZelenskyTone: neutralSentiment: negativeIntent: inform

Man threatens to 'slap' Southwest workers during airport meltdown | New York Post

A man went on a tirade at Kansas City International Airport on New Year's Eve, threatening to 'slap' female Southwest Airlines workers. The incident was captured on video and spread online. The man, who claimed to be from the UK, hurled abuse and made threats against the employees, prompting bystanders to intervene. Airport officials said the confrontation occurred during a broader security investigation that briefly disrupted operations, but ultimately determined there was no credible threat. The man was later arrested.
Entities: Kansas City International Airport, Southwest Airlines, Collin Rugg, FBI, UKTone: negativeSentiment: negativeIntent: inform

Ole Miss-Georgia comes to chaotic CFP finish for 'excruciating ending' | New York Post

The Ole Miss-Georgia game in the Sugar Bowl ended in chaos after a series of events led to two extra plays being awarded to Georgia. Ole Miss initially took a 39-34 lead after a safety was called on Georgia's kickoff return, but the referees reviewed the play and added one second back to the clock. Georgia was given two extra plays, but ultimately failed to score, securing Ole Miss's 39-34 win. The game was marked by confusion and controversy, with Ole Miss players and coaches celebrating prematurely before the referees clarified the rules.
Entities: Ole Miss, Georgia, Sugar Bowl, College Football Playoff, Caesars SuperdomeTone: neutralSentiment: negativeIntent: inform

Tommy Lee Jones' daughter Victoria found dead at San Francisco hotel on New Year's Day | New York Post

Victoria Jones, the 34-year-old daughter of actor Tommy Lee Jones, was found dead at the Fairmont San Francisco hotel on New Year's Day. Police arrived at the scene around 3:14 a.m. after a report of a medical emergency. Paramedics pronounced her dead upon arrival. Victoria had acted in several films and TV shows, including 'Men in Black II' and 'One Tree Hill', and had run into trouble with the law earlier in the year, with multiple arrests for various charges. The Medical Examiner will investigate the cause of her death.
Entities: Victoria Jones, Tommy Lee Jones, Fairmont San Francisco hotel, California, San Francisco Police DepartmentTone: neutralSentiment: negativeIntent: inform

Tommy Lee Jones once said he 'fired' his daughter Victoria Jones at 14 | New York Post

The article reports on the death of Victoria Jones, daughter of Academy Award-winning actor Tommy Lee Jones, who was found dead at a San Francisco hotel on New Year's Day. The cause of death remains under investigation, but authorities have stated that foul play is not suspected. The article also revisits an anecdote from 2006 where Tommy Lee Jones recalled 'firing' his then 14-year-old daughter from a movie role due to her refusal to get out of bed for an early call time. Victoria Jones had a brief acting career, appearing in films such as 'The Three Burials of Melquiades Estrada' and 'Men in Black II' alongside her father. In recent years, she had kept a low public profile, though she occasionally attended film premieres and festivals with her father. Court records indicate that Victoria had multiple run-ins with law enforcement related to controlled substances and domestic battery.
Entities: Tommy Lee Jones, Victoria Jones, San Francisco, Fairmont San Francisco hotel, The New YorkerTone: neutralSentiment: negativeIntent: inform

Will Smith sued for sexual harassment, accused of 'deliberately grooming' tour violinist | New York Post

Will Smith has been sued for sexual harassment by Brian King Joseph, a professional violinist who claims Smith groomed him for further sexual exploitation. Joseph alleges that after he performed with Smith in December 2024, he was hired to join Smith's tour and work on his upcoming album. Joseph claims that Smith made him feel special and that their relationship grew closer, but he later discovered evidence of an unknown person entering his hotel room, including a handwritten note with a heart symbol. Joseph reported the incident to hotel security and Smith's team, but was subsequently blamed and terminated. The lawsuit states that Smith's actions caused Joseph severe emotional distress, economic loss, and reputational harm.
Entities: Will Smith, Brian King Joseph, Treyball Studios Management, Inc., Los Angeles, Las VegasTone: negativeSentiment: negativeIntent: inform

Asia-Pacific markets: ASX 200, Hang Seng Index

The Asia-Pacific markets started the new year on a mixed note, with some markets still closed for holidays. South Korea's Kospi hit a new record high, driven by a surge in Samsung Electronics shares. Hong Kong's Hang Seng index also rose, led by educational services stocks and a strong IPO by Shanghai Biren. Singapore's economy expanded 5.7% year-on-year in the fourth quarter, driven by manufacturing growth. The S&P/ASX 200 was flat, while India's Nifty 50 and Sensex indices rose. U.S. stock futures were higher in early Asian hours.
Entities: Asia-Pacific, South Korea, Kospi, Samsung Electronics, Hong KongTone: neutralSentiment: positiveIntent: inform

European markets on January 2: Stoxx 600, FTSE, DAX, CAC, gold, silver

European markets started the year on a positive note, with the Stoxx 600 index rising 0.2% on the first trading day. The index had a strong 2025, gaining nearly 16% and marking its third consecutive year of gains, driven by banking stocks and increased regional defense spending. Precious metals like gold and silver continued their upward trend, with spot gold prices rising 1.6% and spot silver prices jumping 4.3%. The gains in European markets were accompanied by positive movements in Asian and US markets, with South Korea's Kospi reaching a new record and US stock futures trading higher.
Entities: Stoxx 600, FTSE, DAX, CAC, GoldTone: neutralSentiment: positiveIntent: inform

Shares of KFC and Pizza Hut Indian operator Devyani jump on merger with rival franchisee Sapphire

Devyani International, the Indian operator of KFC and Pizza Hut, is merging with rival franchisee Sapphire Foods India in a deal valued at $934 million. The merger will create a single entity overseeing KFC and Pizza Hut in India and is expected to accelerate KFC's expansion and revitalize Pizza Hut, which trails market leader Domino's. The deal reflects Yum! Brands' push to scale in one of its fastest-growing markets, with India having the third-highest concentration of Yum! Brand stores after the US and China. The merger is expected to take effect within 12-15 months, subject to regulatory and shareholder approval, and is expected to generate annual synergies of $23-25 million.
Entities: Devyani International, Sapphire Foods India, Yum! Brands, KFC, Pizza HutTone: neutralSentiment: positiveIntent: inform

Singapore posts fastest growth since 2021 as manufacturing drives 5.7% fourth-quarter expansion

Singapore's economy grew 5.7% in the fourth quarter, driven by a 15% expansion in manufacturing, particularly in biomedical and electronics sectors. This is the highest growth since 2021. Despite most other sectors contracting, full-year GDP growth reached 4.8%, surpassing official forecasts. Prime Minister Lawrence Wong noted that sustaining this growth will be challenging. Economists predict a slowdown in 2026, with OCBC projecting 2% GDP growth.
Entities: Singapore, Prime Minister Lawrence Wong, Ministry of Trade and Industry, OCBC, Selena LingTone: neutralSentiment: positiveIntent: inform

Anthony Joshua pays respects to friends killed in road crash | World News | Sky News

British-Nigerian boxer Anthony Joshua was involved in a fatal car crash in Nigeria that killed two of his close friends, Latif Ayodele and Sina Ghami. Joshua was discharged from the hospital and is recovering at home. The crash occurred when the SUV he was traveling in hit a stationary truck on the Lagos-Ibadan Expressway. The Nigerian federal road safety corps attributed the crash to excessive speed and wrongful overtaking. Joshua and his mother paid their respects to the deceased at a funeral home ahead of their repatriation to the UK.
Entities: Anthony Joshua, Nigeria, Lagos, Latif Ayodele, Sina GhamiTone: emotionalSentiment: negativeIntent: inform

Finland police seize vessel suspected of damaging Baltic Sea cable | World News | Sky News

Finnish police have seized a cargo vessel, the Fitburg, suspected of damaging an undersea telecoms cable running from Helsinki to Estonia's capital Tallinn. The vessel, which sailed under the flag of St Vincent and the Grenadines, had departed from Russia and was en route to Israel when detained. Fourteen crew members of various nationalities are being held by authorities. The incident has raised concerns amid heightened tensions in the Baltic Sea region following Russia's invasion of Ukraine in 2022 and a series of power cable outages, telecoms links, and gas pipeline damages. The police are investigating the incident as aggravated criminal damage and interference with telecommunications.
Entities: Finland, Fitburg, Russia, Israel, HelsinkiTone: neutralSentiment: negativeIntent: inform

New Year's Eve across the world - in pictures | World News | Sky News

The article showcases New Year's Eve celebrations across the globe, highlighting various events and festivities in different countries and cities. It features images and descriptions of fireworks, bell-ringing, and other cultural events that took place on December 31, 2025, as the world welcomed 2026. The article covers celebrations in Oceania, Asia, Africa, Europe, North America, and South America, providing a comprehensive visual and textual representation of the global festivities.
Entities: Samoa, Kiribati, New Zealand, Australia, AsiaTone: positiveSentiment: positiveIntent: inform

Why there's no escape from Delhi's biggest killer | World News | Sky News

The article discusses the severe air pollution in Delhi, India, which is considered the world's most polluted capital. The main causes of this pollution are vehicle emissions, farm fires, industrial pollution, and household energy. The air quality index in Delhi has been rated as very poor, severe, or hazardous, exceeding the World Health Organization's recommended safe levels. The pollution has severe health implications, including respiratory problems, heart issues, and a reduction in life expectancy. Activists and health workers are demanding more stringent intervention from the government, but their pleas are falling on deaf ears. The issue is not limited to Delhi, as the entire Indo-Gangetic plain is affected, with hundreds of millions of people breathing toxic air.
Entities: Delhi, India, Bhavreen Kandhari, Jantar Mantar, Indian parliamentTone: negativeSentiment: negativeIntent: inform

Chinese trains, tourists and money are flooding Laos. Laotians wonder if it makes sense | The Straits Times

The article discusses the growing Chinese influence in Laos, particularly with the Laos-China Railway (LCR) and its impact on local tourism and economy. The LCR has brought an influx of Chinese tourists, businesses, and investments, transforming towns like Vang Vieng and Luang Prabang. However, the benefits have been unevenly distributed, with local businesses struggling to compete with Chinese-owned operations. The article highlights concerns about Laos' heavy debt burden and the potential risks of relying heavily on Chinese investment.
Entities: Laos, China, Laos-China Railway, Vang Vieng, Luang PrabangTone: neutralSentiment: negativeIntent: inform

Floods, storms upended their lives in Bangladesh; work in Singapore gives them chance to rebuild | The Straits Times

The article discusses how climate change has affected the lives of people in Bangladesh, particularly in the southern coastal regions, leading to displacement and migration. The story of Md Emran Hosain, a 24-year-old man from the Sundarbans region, is highlighted. Emran left his village in July 2024 to work in Singapore, as his family's livelihood was impacted by recurring disasters and rising sea levels. The article explains how Bangladesh is one of the nations most vulnerable to climate change, with storms and floods crippling the local economy and pushing people to migrate. The government predicts that one in every seven Bangladeshis will be displaced due to climate change by 2050, with many migrating to cities or abroad.
Entities: Md Emran Hosain, Bangladesh, Singapore, Sundarbans, Satkhira districtTone: emotionalSentiment: negativeIntent: inform

The tariffs that stole Christmas: How Trump’s trade war is remaking America’s toy aisles | The Straits Times

The article discusses how Trump's trade war and tariffs imposed on Chinese imports have affected America's toy industry, particularly small businesses. Jennifer Bergman, owner of West Side Kids toy store in Manhattan, struggled to keep her store open due to increased costs from tariffs. Despite assurances from suppliers that prices would remain low, they increased significantly, forcing Bergman to close her store. The tariffs have created a split in the Christmas economy, with big-box retailers like Walmart and Target able to absorb the costs, while small businesses suffer. The article highlights the impact of the trade war on small toy retailers and the wider toy industry, which employs nearly 700,000 people.
Entities: Jennifer Bergman, West Side Kids, Manhattan, China, Trump administrationTone: negativeSentiment: negativeIntent: inform

Can the Most Indebted Team in Global Soccer Fix Its Finances? - The New York Times

FC Barcelona, a renowned soccer club, is struggling with a massive debt of 2.5 billion euros ($2.9 billion), largely due to a stadium refurbishment project and financial mismanagement. The club's president, Joan Laporta, is attempting to rectify the situation while maintaining the team's competitiveness on the field. Despite winning two league titles and reaching the Champions League semifinals, Barcelona's financial woes persist, with concerns raised over the club's accounting practices, sponsorship deals, and high player salaries. Laporta's efforts to shore up the finances have been criticized, and the club faces potential consequences from European soccer's governing body.
Entities: F.C. Barcelona, Joan Laporta, Real Madrid, Camp Nou, Spotify Camp NouTone: neutralSentiment: negativeIntent: inform

Kim Jong-un’s daughter visits state mausoleum, fuelling speculation she will be next North Korean ruler | North Korea | The Guardian

North Korean leader Kim Jong-un's daughter, Kim Ju-ae, has accompanied her parents on a visit to the Kumsusan Palace of the Sun, a state mausoleum, fuelling speculation that she may be groomed to succeed her father as the country's ruler. The visit, which was reported by state media, marks Ju-ae's first public appearance at the mausoleum and comes ahead of the ruling party congress, where her succession may be formalized. Analysts and South Korea's intelligence agency believe that Ju-ae is being prepared as Kim Jong-un's successor, given her increasingly prominent appearances in state media over the past three years. However, some experts caution that the potential roles of Kim's other children cannot be ruled out, and that Ju-ae's young age may make it difficult to publicly designate her as the successor.
Entities: Kim Jong-un, Kim Ju-ae, Ri Sol-ju, Kumsusan Palace of the Sun, North KoreaTone: neutralSentiment: neutralIntent: inform

India pioneered job guarantees. A new law could weaken them, critics say. - The Washington Post

India's job guarantee program, launched two decades ago, is facing potential weakening due to new legislation. The program, considered revolutionary by economists and development experts, has been instrumental in reducing poverty by enshrining employment as a right. Critics warn that the changes could hollow out the program's effectiveness.
Entities: India, job guarantees, rural workers, legislation, economistsTone: negativeSentiment: negativeIntent: inform