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How China’s AI race is shrinking job market, forcing workers into low-paid, manual roles
For four years, Beijing-based Clare Zhang worked as a research analyst at a corporate advisory firm, helping companies assess technologies and competi...
Sep 04, 2026 · StaffOriginally on Wedgetail
A 'shakeout' in early-stage AI may be coming as VC money gets pickier on valuations
Investors should keep an eye out for excessive valuations and focus on productivity when it comes to investing in AI companies, market watchers say.
Sep 04, 2026 · StaffOriginally on Wedgetail
US treasury secretary announces EU joining economic pressure campaign against Iran
US treasury secretary announces EU joining economic pressure campaign against Iran US Treasury Secretary Scott Bessent that the European Union has off...
Sep 04, 2026 · StaffOriginally on Wedgetail
Volkswagen to cut 50,000 more jobs to counter tariffs and Chinese competition
Volkswagen announced Thursday that it will cut another 50,000 jobs worldwide, marking the biggest restructuring in the company's 89-year history, as t...
Sep 04, 2026 · StaffOriginally on Wedgetail
Seoul stocks open higher on eased US rate-hike woes
Seoul stocks opened higher Friday, tracking overnight gains on Wall Street as investor concerns over further US interest rate hikes eased following do...
Sep 04, 2026 · StaffOriginally on Wedgetail
S. Korea extends current account surplus in July amid strong exports
South Korea posted a current account surplus in July, central bank data showed Friday, led by robust exports amid the global artificial intelligence b...
Sep 04, 2026 · StaffOriginally on Wedgetail
Dollar Slumps to Start September as Yen Surges on Rate Bets
The dollar slumped to start September as traders cut bets on a Federal Reserve rate hike this month and a surging yen rippled across global currency m...
Sep 04, 2026 · StaffOriginally on Wedgetail
Gold Steadies as Traders Look to US Jobs Data for Fed Clues
Gold steadied as traders waited to see whether Friday’s payrolls report will provide the Federal Reserve enough justification to hold off on an intere...
Sep 04, 2026 · StaffOriginally on Wedgetail
Over 300 US companies remain in Russia — EEF organizer
Anton Kobyakov added that the government is creating no obstacles for those who decided to stay, they are treated on equal footing with local companie...
Sep 04, 2026 · StaffOriginally on Wedgetail
'We will be asking for that money' — Trump says Europe should repay US for Ukraine aid
The demand comes amid Trump's growing fury with European and NATO countries for their refusal to join the U.S. war against Iran, which has dragged on ...
Sep 04, 2026 · StaffOriginally on Wedgetail
Canada’s battle to build a new global defense bank
Sep 04, 2026 · StaffOriginally on Wedgetail