MicroWave

Summary

Global tech stocks plunged after the launch of DeepSeek, a low-cost AI model by Chinese startup DeepSeek, sparked investor concerns over the dominance and valuation of AI giants like Nvidia.

Nvidia shares fell 17%, wiping $593 billion in market value—the largest single-day loss for any company.

The selloff impacted chipmakers, AI firms, and datacenter companies globally.

Analysts view DeepSeek's cost-efficient model as intensifying competition, potentially challenging U.S. tech dominance.

Summary

The World Health Organization (WHO) is freezing recruitment, restricting travel, and cutting expenses following the U.S. withdrawal, its largest funding source.

WHO Director-General Tedros Adhanom Ghebreyesus warned staff of worsening financial pressures and announced measures such as limiting technical missions, virtual-only meetings, renegotiating contracts, and halting office refurbishments.

Critics, like global health consultant Fifa Rahman, say the U.S. move harms global health preparedness.

Italy's Deputy PM Matteo Salvini has also proposed withdrawing from the WHO, though Italy’s Prime Minister has not taken a stance.

Summary

Hungary is expected to back down from its threat to block the EU’s renewal of sanctions on Russia after Donald Trump warned Moscow of harsher penalties if it continues the war in Ukraine.

Hungarian PM Viktor Orbán, critical of sanctions for harming the EU economy, had tied Hungary's stance to Trump’s approach.

By Thursday, diplomats noted Hungary’s softened rhetoric, signaling likely approval at Friday’s EU meeting.

Blocking the sanctions could release frozen Russian funds and undermine EU energy security, risking repercussions for Hungary’s own EU funding.

Summary

Spanish Prime Minister Pedro Sánchez claimed tech billionaires are using social media to undermine democracy by exploiting algorithms to spread disinformation and manipulate society for personal agendas.

He criticized platforms for fostering division, undermining democratic processes, and concentrating power among elites.

Sánchez proposed EU regulations, including requiring digital identification for social media users and holding platform owners accountable under the Digital Services Act.

He also condemned Elon Musk and Peter Thiel for promoting reactionary and anti-democratic ideas, urging Europe to counter the "tech caste."

Summary

European Commission President Ursula von der Leyen outlined the EU’s vision as a global economic leader during the World Economic Forum, contrasting Trump’s "America First" policies.

She highlighted Europe’s advantages, including its large single market, social infrastructure, and commitment to the Paris climate accord, while emphasizing new alliances with Latin America, Africa, and Asia.

Avoiding direct criticism of Trump, von der Leyen underscored the EU’s stability and rules-based approach.

Her speech signaled a pivot away from U.S.-centric relations and a focus on global trade diversification.

Summary

Forty-eight Uyghurs, an ethnic Muslim minority fleeing persecution in China, have been detained in Thailand for nearly 11 years and are now staging a hunger strike.

They are protesting their potential deportation to China, where they fear imprisonment or execution.

Advocates report the detainees suffer from chronic illnesses due to cramped, unsanitary conditions.

The protest highlights ongoing human rights concerns over China's treatment of Uyghurs and the risks faced by those forcibly returned.

Summary

Chinese President Xi Jinping and Russian President Vladimir Putin pledged to strengthen their strategic partnership, aiming to counter global "uncertainties" following Donald Trump’s return as U.S. president.

During their call, Xi emphasized elevating Sino-Russian relations for stability, prosperity, and global equality.

Putin highlighted their ties as independent of domestic or global pressures.

China’s support for Russia has grown since the 2022 invasion of Ukraine, with both nations opposing the U.S.-led order. Trump, known for his tough stance on China, criticized Putin during his inauguration, accusing him of “destroying Russia.”

Summary

Le Monde, one of France's leading newspapers, announced its departure from Elon Musk’s platform X (formerly Twitter), citing concerns over increasing toxicity and political bias.

Editor-in-chief Jérôme Fenoglio criticized Musk's alignment with Donald Trump and other tech leaders, which he claims threatens free access to reliable information.

Le Monde had already reduced its X activity but now sees the negatives of remaining outweighing the benefits.

The paper also expressed concern over platforms like TikTok and Meta due to recent political moves by their leaders.

Summary

Russia warned Donald Trump against reclaiming control of the Panama Canal after Trump declared in his inauguration speech that the U.S. would "take it back," citing overcharges on American ships and China's influence.

Russia's foreign ministry reaffirmed Panama's legal ownership and the canal's neutrality, urging respect for international agreements.

Panamanian President José Raúl Mulino also rejected Trump's threat, calling Panama's control "non-negotiable."

The Panama Canal, vital for U.S. trade, handles 40% of its container traffic, raising tensions over Trump's provocative remarks.

Summary

Donald Trump’s return to the White House and his push for higher defense spending are set to benefit Europe’s arms industry, alongside U.S. defense manufacturers.

With NATO members increasing military budgets due to pressure from Washington and Russia’s invasion of Ukraine, Europe is projected to spend €500 billion on defense over the next decade.

While U.S. companies like Lockheed Martin dominate exports to Europe, EU nations are balancing this by investing in European arms-makers like Saab and Airbus.

European leaders advocate for stronger regional procurement to boost domestic industries.

Summary

The EU plans to ban PFAS, or "forever chemicals," in consumer products due to their environmental persistence and health risks, with exemptions for essential industrial uses like asthma inhalers and semiconductors.

PFAS are widely used in items such as non-stick pans and cosmetics but are linked to health issues like cancer and liver damage.

The ban is unlikely before 2026 as exemptions are finalized.

Litigation risks over PFAS are rising, with U.S. companies already paying over $11 billion in settlements for water contamination. European firms may face similar lawsuits.

Summary

China's Gen Z is increasingly focused on saving rather than spending, fueled by economic uncertainty, high youth unemployment (15.7% in late 2024), and job insecurity.

Social media platforms feature viral content on frugal living, reflecting a shift from the "moonlight generation" of free spenders.

Economists warn this trend, tied to pessimism after COVID-19 and crackdowns on private sectors, threatens domestic consumption and long-term economic growth.

Disinflation and declining mid-priced product demand are expected, as China's GDP grew 5% in 2024 but faces slower growth ahead.