European Stocks Rise to Defy an AI-Driven Fall in the US

US initial jobless claims rose by 44,000 to 236,000 for the week ending December 6, marking the largest increase since the pandemic began. This surge in unemployment benefit applications contrasts with a narrowing trade deficit, which unexpectedly shrank to its smallest level since mid-2020 due to increased exports.

The US trade deficit unexpectedly narrowed in September to its smallest level since mid-2020, driven by a significant surge in exports. This development indicates a positive shift in the trade balance, reflecting stronger demand for American goods abroad.

The U.S. has seized an oil tanker off the coast of Venezuela, a move that poses significant risks to over 30 sanctioned ships operating in the region. This action reflects escalating tensions between the U.S. and Venezuela, particularly amid ongoing political turmoil and economic challenges faced by the Maduro regime.

The U.S. has seized an oil tanker near Venezuela that was reportedly flying a false Guyana flag, escalating tensions in the region. This action comes amid ongoing political turmoil in Venezuela and highlights the U.S. government's increasing military presence in the area.

Former President Donald Trump has introduced a new immigration initiative, offering $1 million 'gold card' visas to individuals who can demonstrate a substantial benefit to the United States. This program aims to attract skilled immigrants who can contribute positively to the economy and society.

US prosecutors have charged a Canadian citizen with orchestrating a fraudulent scheme that raised over $42 million by targeting investors on the chat platform Discord, falsely claiming to invest in both traditional finance and cryptocurrency.

China's telecommunications giant ZTE is reportedly facing a potential payment exceeding $1 billion to the United States due to allegations of foreign bribery. This situation underscores ongoing tensions between the two nations, particularly in the technology sector.

In a recent interview with the BBC, Dame Emma Walmsley, CEO of GSK, expressed her commitment to the company's expansion in the United States, highlighting it as the best country for investment. She emphasized that GSK will not shy away from pursuing growth opportunities in this market.