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Friday, July 18, 2025

Economy
Paschal Donohoe defends decision not to repeat cost-of-living payments in upcoming budget
Paschal Donohoe defends decision not to repeat cost-of-living payments in upcoming budget
By Vivienne Clarke

Minister for Finance Paschal Donohoe has defended the Government's plans for the upcoming budget, including not repeating the one-off cost-of-living payments from last year. He emphasized the need to rein in spending and focus on permanent measures to support vulnerable individuals. Donohoe cited the 8-9% annual growth in government department spending and the uncertainty caused by US President Donald Trump's trade war as reasons for caution. He also mentioned the potential impact of US tariffs on the Irish economy, which could lead to lower growth and up to 75,000 fewer jobs. Donohoe acknowledged concerns about the Occupied Territories Bill's effect on Irish businesses but emphasized the government's diplomatic efforts to lessen harm.

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Mexico Is Facing a Second — and Worse — ‘China Shock’
Mexico Is Facing a Second — and Worse — ‘China Shock’

July 17, 2025 • By bloomberg.com

Here is a concise summary of the news article: Mexico is facing a second, and potentially worse, "China Shock" due to economic changes. The term "China Shock" refers to the impact of China's rise as a global economic power on other countries. This second shock may have significant effects on Mexico's economy.

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New Ukrainian PM seen as potential bridge between Washington and Kyiv
New Ukrainian PM seen as potential bridge between Washington and Kyiv

July 17, 2025 • By Daniel McLaughlin

Ukraine's new prime minister, Yulia Svyrydenko, 39, was approved by parliament to replace Denys Shmyhal. Her appointment highlights the need to balance defense with economic development and modernization. Svyrydenko previously led a delegation that signed a deal with the US on joint exploitation of Ukraine's natural resources, which helped rebuild ties between the two countries. Her connections with the US administration are expected to strengthen Ukraine's relationship with the White House. The cabinet reshuffle aims to energize innovation and production in the defense sector and other fields while streamlining the state and reducing bureaucracy.

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American firms in China report record-low new investment plans for 2025, and doubts about their profitability
American firms in China report record-low new investment plans for 2025, and doubts about their profitability

July 17, 2025 • By The Associated Press

Here is a concise summary of the news article: American companies in China are reporting record-low new investment plans for 2025, with over half having no new investment plans. This is due to uncertainty in US-China relations and concerns over tariffs, deflation, and policy uncertainty. Despite 82% of US companies reporting profits in 2024, fewer than half are optimistic about their future in China. This trend is also seen in European companies, which are cutting costs and scaling back investment plans in China due to a slowing economy and fierce competition.

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Message gone out to world that no one should betray India: Amit Shah
Message gone out to world that no one should betray India: Amit Shah

July 17, 2025 • By PTI

Union Home Minister Amit Shah warned that betraying India will have consequences, citing Operation Sindoor, which destroyed terrorist camps in Pakistan. He credited Prime Minister Narendra Modi with securing the country, contrasting it with the frequent terrorist attacks during Congress rule.

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Tariffs, explained—and explored
Tariffs, explained—and explored

July 17, 2025 • By Inga Kiderra, Christine Clark, Erika Johnson

Here is a concise summary of the news article: The use of tariffs, or taxes on imported goods, has increased in recent years, particularly in the US. Experts from UC San Diego discuss the impact of tariffs on consumers, businesses, and the global economy. They note that tariffs are being used as a tool of foreign policy, leading to a shift towards protectionism and away from multilateralism. While tariffs can protect specific domestic jobs, they generally raise consumer prices and reduce real incomes across all states. The experts also discuss the impact of tariffs on global supply chains, with countries like Mexico and Vietnam benefiting from shifts in production. Overall, the use of tariffs is seen as a complex issue with both positive and negative effects on the economy.

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MIPCOM Partnering With YouTube On Creator Economy-Themed Confab; ‘Tattooist Of Auschwitz’ Producer Options ‘The Good Father’; Kevin Mayer Joins RTS Cambridge – Global Briefs
MIPCOM Partnering With YouTube On Creator Economy-Themed Confab; ‘Tattooist Of Auschwitz’ Producer Options ‘The Good Father’; Kevin Mayer Joins RTS Cambridge – Global Briefs

July 17, 2025 • By Max Goldbart

The provided text is not a news article, but rather a snippet from the Deadline Hollywood website, outlining their commenting policy and promoting their newsletter and breaking news alerts. There is no news content to summarize.

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BTC Mining Has Gone Mobile, PFMCrypto Launches Mobile-Based BTC Cloud Mining Platform for Global Users
BTC Mining Has Gone Mobile, PFMCrypto Launches Mobile-Based BTC Cloud Mining Platform for Global Users

July 17, 2025 • By PFMcrypto

Here is a concise summary of the news article: PFMCrypto has launched Bitcoin-focused cloud mining contracts, allowing users to mine BTC remotely and receive daily rewards without needing mining hardware or prior experience. The contracts are available on web and mobile platforms and offer features such as full BTC integration, multi-coin mining support, AI revenue optimization, and 100% remote access. PFMCrypto offers a range of contracts to suit different budgets and strategies, with daily earnings paid out in the user's chosen cryptocurrency. The platform aims to make Bitcoin mining accessible to everyone, with a secure and transparent environment for generating passive crypto income.

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Volvo Cars CEO calls for EU to cut tariffs on American-made cars
Volvo Cars CEO calls for EU to cut tariffs on American-made cars

July 17, 2025 • By investing.com

The CEO of Volvo Cars is calling for the European Union to cut tariffs on American-made cars. This news was reported by investing.com on July 17, 2025. The CEO's request aims to reduce trade barriers and potentially boost the automotive industry.

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Revealed: How the secrets of the Byzantine Negev wine economy were deciphered
Revealed: How the secrets of the Byzantine Negev wine economy were deciphered

July 17, 2025 • By Israel National News

Researchers at the University of Haifa have used a computational model to study the wine economy of Negev farmers during the Byzantine period. The model revealed that the farmers' agricultural system was vulnerable and dependent on rainwater collection, allowing them to produce large quantities of wine even with limited rainfall. However, the system was highly sensitive to droughts, with a two-year drought reducing production by almost one-third and a five-year drought reducing it by over 60%. The study's findings highlight the importance of adapting to climate change and the limitations of agriculture in arid regions.

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AI Offense Defense Balance in a Multipolar World
AI Offense Defense Balance in a Multipolar World

July 17, 2025 • By otto.barten

The article discusses the balance between offense and defense in a multipolar world with advanced artificial intelligence (AI). It identifies two primary threat scenarios: strategic post-deployment takeover and rapid pre-deployment "blitz" attacks. To counter these threats, the authors propose a three-pillar defensive framework: domain-specific defenses, AI safety and policy measures, and decision support systems. However, they note that defensive AI must operate within legal constraints, while adversarial AI can break laws freely, creating a fundamental asymmetry. The authors conclude that a multi-layered "Swiss cheese" defense strategy offers the most promising approach to managing existential risks from advanced AI systems, but the offense-defense balance remains uncertain. They also highlight the importance of intent-aligned defensive AI and the need for further research on the offense-defense balance in various domains.

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Global Debut! iSoftStone Digital Officially Launches as iSoftStone's New Overseas Brand
Global Debut! iSoftStone Digital Officially Launches as iSoftStone's New Overseas Brand

July 17, 2025 • By PR Wire

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KEYNOTE: The Biggest Opportunity for Building Business in 2025
KEYNOTE: The Biggest Opportunity for Building Business in 2025

July 17, 2025 • By Gary Vaynerchuk

Here is a concise summary of the news article: Gary Vaynerchuk, also known as GaryVee, has released several episodes of his podcast, "The GaryVee Audio Experience", discussing various topics related to business, marketing, and entrepreneurship. Some of the key takeaways from the episodes include: * The importance of organic social media and creating content that resonates with audiences * The need to adapt to changes in the marketing landscape, including the rise of AI and live shopping * The value of taking risks, embracing humility, and building meaningful relationships in business * The importance of kindness, culture, and conviction in building a successful brand * The need to stay focused on what matters, rather than getting distracted by trends or external pressures * The importance of gratitude, perspective, and simplicity in achieving happiness and success GaryVee also shares his personal experiences and insights, including his childhood as an immigrant, his early days as an entrepreneur, and his approach to building successful businesses. He emphasizes the importance of being authentic, taking action, and staying true to one's values and vision. Overall, the episodes offer practical advice and inspiration for entrepreneurs, marketers, and anyone looking to build a successful business or personal brand.

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AEGEAN to launch India flights in 2026 with Airbus A321XLRs
AEGEAN to launch India flights in 2026 with Airbus A321XLRs

July 17, 2025 • By Live from a Lounge

Aegean Airlines has announced the addition of two new Airbus A321neo XLR aircraft to its fleet, with a range of up to 10.5 hours. The aircraft will be delivered in December 2025 and January 2026 and will feature a customized configuration of 138 seats, including 24 Business Class Suites with fully lie-flat beds. The airline plans to use these aircraft to launch flights to India, starting with five weekly flights to New Delhi in March 2026 and three weekly flights to Mumbai in May 2026. The A321neo XLRs will also enable Aegean to introduce services to other long-haul destinations, such as Bangalore, Seychelles, and Nairobi. The airline has also ordered four A321neo LRs, which will be delivered in 2027 and 2028.

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US corporates expected to buoy stock markets with buy backs, says Citadel Securities
US corporates expected to buoy stock markets with buy backs, says Citadel Securities

July 17, 2025 • By investing.com

According to Citadel Securities, US corporations are expected to support stock markets through buybacks. This prediction was made by the securities firm, suggesting that corporate buybacks will have a positive impact on the stock market.

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Appeal for 12 Hong Kong activists concludes amid unfair trial claims
Appeal for 12 Hong Kong activists concludes amid unfair trial claims

July 17, 2025 • By investing.com

An appeal for 12 Hong Kong activists has concluded amid claims of an unfair trial. The activists were tried and the appeal process has now ended, with concerns raised about the fairness of the trial.

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President Zelenskyy shakes up Ukrainian Cabinet, appointing new prime minister to reinvigorate war effort
President Zelenskyy shakes up Ukrainian Cabinet, appointing new prime minister to reinvigorate war effort

July 17, 2025 • By AP

Yuliia Svyrydenko has been appointed as the new Prime Minister of Ukraine, marking the first change in government leadership since the 2022 invasion. This move is part of President Volodymyr Zelenskyy's effort to revitalize the nation, with a focus on increasing domestic weapons production. Svyrydenko previously played a key role in negotiating a mineral deal with the US.

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The global boom in innovation for ageing
The global boom in innovation for ageing

July 17, 2025 • By Dalton,A

The book "Longevity Hubs: Regional Innovation for Global Aging" edited by Joseph F. Coughlin and Luke Yoquinto explores the concept of "longevity hubs" - geographic areas with high innovation activity aimed at older populations. The book features essays from experts and entrepreneurs worldwide, discussing products and services designed for aging populations, such as age-friendly facilities, mobility solutions, and healthcare services. The editors propose a typology for longevity hubs, categorizing them based on their global and local aims, inputs, and government support. While the book's scope is uneven, it will be a valuable resource for policymakers, businesspeople, and practitioners working in the "silver economy." The concept of longevity hubs may offer a useful framework for advancing the development of products and services for older populations, and the book will be of interest to entrepreneurs, innovators, and policymakers supporting technologies and solutions for aging populations.

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