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Shutdown Or Meltdown: Government Closure Threatens U.S. Cybersecurity

Shutdown Or Meltdown: Government Closure Threatens U.S. Cybersecurity Defenses Government Shutdown Cripples Cybersecurity Operations The United States is facing a…

by Samuel KimOctober 16, 2025

Energy Policy

South Africa’s Cabinet Approves R2.23-Trillion IRP 2025 Energy Plan, Minister to Brief Public

Cabinet has approved the new Integrated Resource Plan for electricity, referred to as IRP 2025, which outlines a R2.23-trillion investment in South Africa’s energy future. Electricity and Energy Minister Dr Kgosientsho Ramokgopa will provide a detailed briefing on the plan on October 19, with the full policy to be published in the Government Gazette.

Major Energy Policy Shift Approved

South Africa’s Cabinet has approved the new Integrated Resource Plan for electricity, which is being referred to as ‘IRP 2025’, according to official statements. The plan represents what sources indicate is a significant update to the country’s energy policy framework, focusing on both immediate capacity constraints and long-term sustainability goals.

by Samuel KimOctober 16, 2025

Semiconductors Technology

Samsung Invests $773 Million in ASML High NA EUV Tools to Challenge TSMC in 2nm Chip Race

Samsung Electronics is making a massive KRW1.1 trillion investment in ASML’s cutting-edge High NA EUV lithography equipment, according to industry reports. The move positions Samsung to compete aggressively with TSMC and Intel in the race toward 2nm semiconductor technology and beyond. Sources indicate this strategic investment could help Samsung close the gap in advanced chip manufacturing capabilities.

Samsung’s Major Semiconductor Equipment Investment

Samsung Electronics is reportedly pouring approximately KRW1.1 trillion (US$773 million) into next-generation chipmaking equipment in what analysts suggest is a strategic move to strengthen its position against semiconductor rivals TSMC and Intel. According to reports, the Korean tech giant plans to deploy ASML’s advanced High NA EUV lithography tools for its 2nm process and beyond, with these advanced chips potentially powering future products including Samsung’s own Exynos 2600 processor and Tesla’s next-generation artificial intelligence hardware.

by Priya KapoorOctober 16, 2025

AI Business

Former Meta Exec Nick Clegg Warns of “Pretty High” Chance of AI Market Correction

Former Meta executive Nick Clegg has warned that the artificial intelligence sector faces a “pretty high” chance of market correction. The former UK deputy prime minister cited “unbelievable, crazy valuations” and daily deal-making sprees as concerning indicators in the rapidly expanding industry.

AI Market Correction Risk “Pretty High” Says Former Meta Executive

Former Meta executive and British politician Nick Clegg has warned that the artificial intelligence sector faces a significant risk of market correction, according to his recent comments to CNBC. The former deputy prime minister of the United Kingdom stated that the likelihood of such an event is “pretty high” given current market conditions.

by Samuel KimOctober 16, 2025

Business Economy

Nestle Announces Major Workforce Reduction as New CEO Accelerates Turnaround Strategy

Food giant Nestle will eliminate approximately 16,000 positions globally as part of an accelerated turnaround strategy under new leadership. The cuts come despite the company reporting better-than-expected organic growth of 4.3% in the third quarter, with the restructuring aiming to improve operational efficiency.

Major Workforce Reduction Announced

Nestle will cut approximately 16,000 jobs worldwide, representing about 6% of its global workforce, as new CEO Philipp Navratil accelerates the company’s turnaround efforts, according to reports released Thursday. The consumer goods giant stated that 12,000 white-collar positions will be eliminated immediately, with an additional 4,000 roles to be reduced over the next two years.

by Samuel KimOctober 16, 2025

Economy

UK Economy Grows 0.1% in August as Growth Momentum Slows

The UK economy grew by a modest 0.1% in August, according to official data, matching economist expectations. The Office for National Statistics revised July’s figures downward to show a 0.1% contraction, indicating slowing economic momentum.

UK Economic Growth Slows to 0.1% in August

The British economy expanded by a modest 0.1% in August, according to the latest figures from the Office for National Statistics. The lackluster growth figure matched expectations from economists polled by Reuters, who had anticipated month-on-month growth of 0.1%.

by Samuel KimOctober 16, 2025

Economy Markets

European Markets Face Negative Open Amid Volatile Trading Week

European markets are reportedly heading for a negative open on Thursday as volatility continues. According to analysis, Germany’s DAX and France’s CAC 40 are expected to open lower while investors monitor earnings and economic data.

European Markets Extend Volatile Pattern

European stocks are reportedly heading for a negative opening on Thursday as regional markets continue their choppy trading pattern this week, according to market analysis from IG. Sources indicate the U.K.’s FTSE index is expected to open 0.18% lower, while Germany’s DAX is projected to decline 0.3% and France’s CAC 40 is anticipated to drop 0.41%. Italy’s FTSE MIB is reportedly trading just below the flatline.

by Priya KapoorOctober 16, 2025October 22, 2025

Business Retail

Galeries Lafayette Enters Indian Luxury Market Amid Growing Affluent Population

The 130-year-old Parisian luxury department store Galeries Lafayette has launched its Indian debut in Mumbai through a partnership with the Aditya Birla Group. The massive 90,000 sq ft store in Mumbai’s historic Fort neighborhood will feature over 250 luxury brands amid growing demand from India’s expanding affluent population. The opening comes as international luxury retailers increasingly target India’s rapidly growing high-end consumer market.

Historic Parisian Retailer Makes Indian Debut

The 130-year-old Paris-based luxury department store Galeries Lafayette has entered the Indian market through a partnership with the Aditya Birla Group, according to reports. The iconic retailer has partnered with the retail arm of the Indian conglomerate for its operations in what analysts suggest represents a significant vote of confidence in India’s growing luxury market.

by Priya KapoorOctober 16, 2025