Author: Global Desk

Amazon has agreed to pay a record $2.5 billion settlement over allegations of deceptive practices tied to its Prime membership program. On paper, the deal is being described as “historic,” both for its size and its implications for consumer protection in the digital age. But scratch beneath the headlines, and it becomes clear that Amazon may have gotten off far easier than it appears. For a company that generates more than $575 billion in annual revenue, the settlement amounts to less than 0.5% of sales—hardly a material hit. For critics, the case reflects a broader pattern: Silicon Valley giants facing eye-catching fines that make…

Steve Harvey, one of America’s most recognizable comedians, television hosts, and entrepreneurs, has become a living testament to the power of resilience, persistence, and savvy financial management. His rise from sleeping in his car while living on $50 a week to amassing a fortune in the multimillions is as inspiring as it is instructive. Yet, Harvey emphasizes that making money is difficult—but keeping it is even harder. Early Struggles and Humble Beginnings Born in West Virginia and raised in Cleveland, Ohio, Steve Harvey’s path to success was far from glamorous. He experienced poverty firsthand, often living paycheck to paycheck and even enduring periods…

JPMorgan Chase CEO Jamie Dimon has issued one of his starkest warnings yet about America’s fiscal health, arguing that while President Donald Trump’s drive to cut waste and streamline government operations may help, it will not be enough to prevent a looming debt crisis. Speaking at a business forum in New York, Dimon said the United States is drifting toward a debt-to-GDP imbalancethat could threaten both domestic stability and global financial leadership. “Like most problems, it’s better to deal with it than let it happen,” Dimon said, warning that the costs of inaction would only compound over time. Efficiency Is Not…

Artificial intelligence (AI) may soon play a transformative role in combating climate change, according to Amazon’s sustainability chief and a leading climate scientist. Far from being just a tool for business efficiency or consumer convenience, AI could become a cornerstone in the global effort to reduce emissions, optimize energy usage, and monitor environmental impacts in real time. AI’s Climate Potential During a recent panel discussion on technology and sustainability, Amazon’s sustainability director emphasized that AI is capable of analyzing vast datasets, predicting trends, and driving efficiencies in ways previously unimaginable. From reducing waste in supply chains to optimizing renewable energy deployment, the technology could…

David Ellison, the newly appointed head of Paramount, has inherited a company at the center of one of the most challenging eras in modern media. While Ellison successfully navigated a major merger to consolidate Paramount’s assets, transforming the studio into a resilient, forward-looking powerhouse will require both strategic vision and deft political navigation. A Merger Achieved, But Challenges Remain Ellison’s first major victory came in the form of a high-profile merger, giving Paramount increased scale and new creative and distribution capabilities. The move was hailed as a necessary step to compete with streaming giants like Netflix, Disney+, and Amazon Prime…

Hang Seng Bank, one of Hong Kong’s most prominent lenders, is reportedly considering the sale of a property loan portfolio valued at roughly $1 billion, a move that would underscore the mounting pressures facing banks operating in a challenging real estate and credit environment. If executed, the transaction could represent one of the largest secondary loan sales in Hong Kong’s property market in recent years. Strategic Review in a Tough Market According to people familiar with the matter, Hang Seng Bank is conducting a strategic review of its property lending exposure. The potential sale is focused on a pool of loans…

Global financial markets have been riding a wave of optimism in recent months, fueled by the belief that the U.S. Federal Reserve is on the verge of a policy pivot. Traders have piled into equities, bonds, and risk assets on the expectation of rate cuts in 2025 and a “soft landing” for the American economy. But with investors pushing valuations higher and volatility lower, some analysts warn that markets are approaching what they call “Peak Goldilocks” — a point where the good news may already be fully priced in. If the Fed’s next move fails to live up to those lofty expectations, markets may…

As artificial intelligence (AI) reshapes the global economy, talent has emerged as the most critical resource. Recent reports suggest that many top AI researchers are leaving the United States for Europe, raising the question: Is America’s loss really Europe’s gain? A closer look reveals that while the EU aims to position itself as a global AI hub, its current strategy may fall short of achieving that ambition. The Lure of Europe Europe has been actively promoting policies designed to attract AI talent from abroad. Initiatives include fast-track visas for skilled workers, generous research grants, and the creation of AI research hubs in…

In a bold statement that reflects the rapidly shifting business landscape, Robinhood CEO Vlad Tenev recently argued that just as every company eventually became a technology company over the past two decades, every company will soon become an AI company—only much faster. Tenev’s comments come as artificial intelligence cements its role as a transformative force across industries, reshaping how businesses operate, compete, and create value. From Tech to AI: A Compressed Timeline The phrase “every company is a tech company” gained traction in the early 2000s, as digital tools, cloud computing, and software became integral to every industry—from retail and manufacturing to healthcare…

Billionaire investor Barry Silbert, founder and CEO of Digital Currency Group (DCG), has signaled a rare burst of enthusiasm for a cryptocurrency venture, describing it as the first project to excite him this much since his early involvement in Bitcoin. Known for his role in shaping the crypto ecosystem over the past decade, Silbert’s comments are being interpreted as a potential signal of a major development in blockchain innovation. Silbert’s Track Record Barry Silbert is one of the most influential figures in the cryptocurrency space. Through DCG, he has incubated and invested in hundreds of companies, including Coinbase, Grayscale, and Luno, helping to build the…