Nobel laureate Paul Krugman says Bitcoin’s meltdown is deeply connected to Trump’s waning power: ‘Think of it as the unraveling of the Trump trade’

A proposed ASEAN power grid aims to enhance the export of green energy across Southeast Asia, promoting regional cooperation and addressing energy needs. Despite the high costs associated with its development, the grid is seen as a crucial step towards harnessing the region's renewable energy potential.

Global transactions valued at $10 billion or more reached a record 63, driven by deregulation under former President Trump and diminishing trade war concerns, leading to a surge in mergers and acquisitions on Wall Street.

Thousands of Americans are engaging in discussions on TikTok regarding the definition of 'middle class' as they comment on home tours that showcase what is considered an 'average' or 'normal' home. This debate highlights the varying perceptions of social class among the American population.

The Federal Reserve's Beige Book indicates a deepening K-shaped economic recovery, highlighting disparities in growth across different sectors. This report was discussed in detail on Bloomberg Businessweek Daily, with insights from economists and financial experts ahead of the crucial December FOMC meeting.

Campbell's has terminated executive Martin Bally following the emergence of a leaked recording in which he disparaged customers by labeling them as 'poor' and criticized 'bioengineered meat.' The comments, made by a now-former employee, have sparked significant outrage and prompted an investigation into the company's practices.

U.S. presidential envoy Steve Witkoff advised Yuri Ushakov, a senior aide to Russian President Vladimir Putin, on how to present a Ukraine peace plan to former President Donald Trump. This conversation is believed to have initiated the 28-point peace proposal that the U.S. has encouraged Ukraine to consider as a basis for negotiations.

OpenAI is projected to face significant financial challenges, with HSBC estimating that the company will not turn a profit by 2030 and will require an additional $207 billion to support its growth plans. This situation raises concerns about the sustainability of its business model in a competitive AI landscape.

Canada is actively pursuing a trade deal with India, marking a significant shift in relations after years of tension, particularly influenced by former President Trump's global alliance strategies. This development follows Canada's recent engagement with Beijing at the Asia-Pacific summit, indicating a broader diplomatic effort.