In this article, we will be touching base on both the United Kingdom and the United States of America.
Here’s what we have for you today:
• Previous World Powers
• Foreign to domestic
• Cutting loose ends
• Lagging behind
• Anglo’s legacy end
U.K. technology playing catchup
Lacking power: Prime Minister of the United Kingdom Keir Starmer had previously revealed a plan to boost the U.K.’s domestic AI industry, with laxed planning rules regarding new data center developments and increasing British computing power by twenty-fold by 2030.
Word spreading: Social media giant TikTok announced plans to open a 135,000 square foot office in London, U.K.’s capital.
Going overseas: Ecommerce conglomerate Amazon plans to spend $54 billion in U.K. over the next 3 years to build 4 new fulfillment centers and upgrading current operations.
American chipmaker going back to its roots
Corporate agenda: The newly instated Intel CEO Lip-Bu Tan mentioned that “organizational complexity and bureaucracies have been suffocating the innovation and agility.” Now, under his leadership Intel will go for cost-cutting initiatives.
Recalibrating again: Alongside the domestic automotive industry retracting, Intel will be shutting down its architecture automotive business and lay off 10,000 workers.
Where to next: Intel plans to refocus on core client and its data center portfolio to better serve customers.
U.S. central bank on guessing work
Too bad: According to the Big Beautiful Bill; it’s planning to reduce the Bureau of Labor Statistics’ budget by $56 million. With staffing shortages there will be further delayed, reduced or inaccurate economic data output.
No surprise: In a weakening economy with missing information, the Bureau of Labor Statistics tend to overestimate on payrolls than under report.
Feeling the heat: U.S. Chairman of the Federal Reserve Jerome Powell pointed out the central bank’s expectation on rising import taxes will lead to higher inflation during this summer.
The breakdown of the British Empire
How it started: For nearly 400 years the British Empire had exercised its sovereign power from the expansion of its seafaring and naval efforts across the world.
Flip a quarter: The British Empire at the end of the 19th century encompassed approximately 1/4 of Earth’s land surface and about 1/4 of its entire population.
Status quo: After World War II, a series of decolonization events happened from the 1947 Partition, the Suez Crisis from 1956 and etc. Lastly, the return of Hong Kong to China in 1997 was cited as the symbolic and formal end of the British Empire.
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