Skip to content
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
Friday, December 5, 2025
World Today News
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
Copyright 2021 - All Right Reserved
Home » Economy and finance » Page 2
Tag:

Economy and finance

Business

Title: Swiss Opposition to Funding Basel-Malmö Night Train Project

by Priya Shah – Business Editor November 11, 2025
written by Priya Shah – Business Editor

Basel-Malmö ⁢Night ⁢Train Faces Cancellation as⁢ Swiss Parliament Debates Funding

Bern, Switzerland – A new ​Basel-Malmö night​ train route​ is at risk of being ⁣cancelled⁣ before its launch⁤ due to a political dispute over federal subsidies, perhaps undermining Switzerland’s climate goals. The Swiss Federal Railways (SBB) began selling tickets for the route, slated to begin running later ⁢this year, but its future hinges on a parliamentary decision regarding a 10 million Swiss franc annual contribution.

The controversy pits proponents of enduring travel against fiscal conservatives who question subsidizing ​leisure travel. National ​Councilor Yvan Pahud (UDC/VD) criticized ‌the potential expenditure of 100-200 francs per ticket, arguing taxpayer money shouldn’t fund a shift from air to rail for vacations. “While we must find savings in all sectors of the Confederation, we see⁤ that the CFF, for an ideological goal, want to spend between 100 and ‌200 francs per ticket, ⁤which the Swiss taxpayer will put in, so that people can enjoy a leisure stay in Malmö‌ and in Sweden,” Pahud stated in an interview with RTS’s La Matinale.

Though,supporters emphasize⁣ the importance of night trains in achieving climate objectives and question the broader context of transportation funding.⁢ Martin Candinas, national councilor from Graubünden ​(Center party) and president of litra, defended the‌ project,⁤ noting Parliament previously​ approved⁢ funding for rail travel expansion through the CO2 law. “This ⁤is exactly ​what the CFF is doing now,” Candinas saeid on La​ Matinale.He warned ⁤that withholding⁤ funding after ticket sales begin would raise questions about the purpose of the initial allocation.

David Raedler, co-president of the Transport and Environment Association ⁤(ATE) and elected Green Vaud,⁢ argued the 9⁣ million franc‍ annual subsidy is minimal⁣ compared‌ to other areas of state spending, ⁣and pointed to the lack of taxation on aviation fuel ⁣as a significant revenue loss. “It’s almost nothing in the state coffers,” Raedler said.

If Parliament refuses the credit, SBB has stated it will refund tickets already booked. The debate highlights a growing tension between⁣ environmental initiatives and budgetary concerns within the Swiss government.

November 11, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

型US Supreme Court Hears Trump’s Tariff Case

by Priya Shah – Business Editor November 5, 2025
written by Priya Shah – Business Editor

Supreme Court to Hear Challenge to Trump-Era Tariffs

The U.S. Supreme Court⁣ will hear ​arguments in early November regarding the legality ⁣of tariffs imposed by former President ⁤Donald Trump. These tariffs, implemented through the invocation of emergency ⁣economic powers,⁣ have generated billions of dollars in revenue and yielded concessions from U.S. trading partners, including investment commitments and improved​ conditions for American exporters. https://www.rts.ch/info/monde/2025/article/la-cour-supreme-us-examinera-la-legalite-des-droits-de-douane-de-trump-28994142.html

the Biden⁤ administration is actively involved in the case, with Treasury Secretary Scott Bessent ⁢and U.S.Trade representative Jamieson Greer planning to attend the hearing. Trump himself stated on⁣ his Truth Social network​ that​ maintaining the tariffs‍ is a “question of ⁣life and death” for⁤ the United States, arguing they are crucial for ⁢national defense against countries he claims ⁢have⁢ historically exploited the U.S.

A⁣ decision from the Court is expected within several‌ months, though a quicker ruling is also possible.

Emergency Economic ⁤Powers Act at Issue

Since returning to ⁤office, Trump has utilized ‌tariffs ‌as a ‍central component of his economic and diplomatic strategy. He asserts these⁤ measures are vital for⁢ reindustrializing the U.S., reducing the trade deficit, and addressing the fentanyl crisis by imposing tariffs on countries like Mexico, Canada, and China.

Trump invoked ‌the International Emergency Economic Powers Act‌ (IEEPA) of 1977, claiming the ‌long-standing U.S. trade deficit constitutes⁢ a‌ “national emergency,” granting him the authority to unilaterally‍ impose and adjust tariffs.

This‌ action prompted legal challenges from affected businesses and Democratic states, who argue that the power to impose taxes rests solely with Congress, impacting both ​businesses and consumers.

Several federal courts have previously ruled against the legality of these tariffs, specifically those not tied to specific sectors like automobiles or steel. However, these tariffs​ remained in ⁣effect pending the Supreme Court’s review. https://www.rts.ch/info/monde/2025/article/cour-d-appel-us-juge-illegaux-des-droits-de-douane-de-trump-ce-qui-change-28983164.html

Debate Over Presidential​ Authority

The government’s legal argument centers on the assertion that ⁤tariffs are essential for ⁤U.S. economic strength. Opponents contend that the administration’s position woudl grant the President unchecked ⁢power to impose tariffs “whenever he wants, at the rate he wants, on any contry and product he wants, and⁤ for provided that he wants,” simply ⁤by declaring a trade deficit an “emergency.” They highlight Trump’s history of shifting positions on trade policy as evidence⁤ of the ‍potential for arbitrary request.

Twelve Democratic states involved in⁢ the case argue that Congress, not the President, holds the constitutional authority to regulate taxes on imported ‍goods, ⁣and urge the Supreme Court to uphold this principle.

The Court will also consider broader questions regarding the scope of presidential powers, including the authority to dismiss heads of autonomous federal agencies, such as those at the Federal Reserve.

Source: ats/iar

November 5, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

DIGITAL Sovereignty: Austria and Europe’s Digital Future

by Priya Shah – Business Editor October 31, 2025
written by Priya Shah – Business Editor

Austria & Europe Focus on digital Sovereignty: A Collaborative⁢ Path Forward

State secretary for Digitalization ⁢Alexander Pröll and WKO-GS Deputy Liebmann recently convened Austrian ‌business leaders – including representatives from Bitpanda, Palfinger, Anexia, Cancom, and erste‌ Bank – for a roundtable ⁣discussion⁣ ahead of the signing of the European declaration⁣ on digital ⁤Sovereignty ⁣in Berlin. ⁢The ‌central theme: securing Austria and Europe’s long-term digital independence -⁣ technologically, legally, and socially.

Digital Sovereignty:⁣ A European Imperative

State Secretary Pröll underscored the critical importance of digital sovereignty for Europe’s future, stating, “For Europe, digital sovereignty means being‍ competitive and independent ⁢in the digital age. It is about protecting ⁢our ⁤citizens’ data and ensuring that European values ​​are at the heart of technological growth.” He emphasized that achieving this ​requires ​strong collaboration between all⁢ stakeholders to overcome ‍dependencies⁣ and risks.

WKÖ Deputy General Secretary Liebmann echoed this⁣ sentiment, adding, “Digital sovereignty means that Europe keeps its future in its own hands – ‌economically, technologically and socially. This⁢ requires the state, business and ⁢education to work together. Only if we empower people and companies equally ⁤to use digital opportunities ⁢will we ​secure our prosperity and our independence in the digital‍ age.”

Austria Leading the Charge

Austria has ⁣taken a proactive role, developing a‍ draft “Declaration‍ on Digital Sovereignty” following⁢ expert consultations in August and a working meeting with EU member states in Vienna on September 12th. ⁤This draft is currently being refined at the European​ level.

Key discussion Points ‍& future Investments

The roundtable highlighted the necessity of⁤ a strong partnership between government, business, and society ⁢to achieve digital sovereignty. Participants‌ agreed on the importance of:

* Investing⁤ in Key ‌Technologies: ​ Focusing on common standards⁤ and bolstering‍ capabilities ‍in semiconductors,cloud computing,and Artificial Intelligence.
* ⁤ Developing Digital Skills: Recognizing that technological and data independence are insufficient without a skilled‍ workforce and⁢ widespread digital​ literacy.
* Prioritizing Education & Training: Committing to ‍continuous investment in education and training programs ⁢to cultivate⁣ digital professionals and‍ attract top ⁢talent to Europe.

Ultimately, the discussion reinforced the need to place people at⁣ the center ⁤of⁢ digital transformation, ensuring that innovation aligns⁤ with European values ⁤and⁤ strengthens the continent’s global competitiveness. The ⁣newly launched DKO economic platform is​ intended to‍ contribute to these⁣ efforts.

October 31, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Nvidia Stock Soars: World’s Most Valuable Company Hits $5 Trillion

by Priya Shah – Business Editor October 29, 2025
written by Priya Shah – Business Editor

Nvidia First to ‍Hit $5 Trillion Market Cap, ​Fueled by AI demand

New York – Nvidia, ‍the leading designer of graphics processing units (GPUs), surged past a $5 trillion market⁢ valuation on⁣ Wednesday, marking a ⁤historic first for any company​ globally. The milestone underscores the intense‍ investor appetite for⁢ companies positioned to benefit from the rapid expansion of artificial intelligence.

Shares of the California-based technology giant rose⁢ 5.45% to $211.99 shortly ⁣after the opening of​ trading on Wall Street,⁣ pushing its market capitalization above $5.1 trillion. This figure exceeds the gross domestic ⁣product of both France and Germany, and surpasses the combined market value of Tesla, Meta (Facebook), ‌and Netflix.

Nvidia’s stock has climbed nearly 60% since the beginning of the⁢ year, driven by⁢ strong sales of its GPUs, which are‌ essential for powering AI applications. While not the original developer of GPUs, Nvidia⁣ strategically focused on the technology starting in the late 1990s, transitioning from video​ games to cloud ⁢computing ⁢and establishing itself⁢ as a leader in the field.

The company has recently demonstrated its commitment to ⁤the‌ AI ecosystem through notable investments. On‍ Tuesday, Nvidia announced a $1 billion investment for​ a 2.9% stake​ in Finnish telecom equipment maker Nokia.In‌ late September, the company pledged $100 billion to‌ support OpenAI, the creator of ChatGPT, in building ⁢its data centers.

Despite the bullish outlook,some analysts caution against a potential “AI bubble.” Sam Stovall of CFRA, an autonomous financial research company, noted that “valuations are vrey high” ‍and “shares could‌ therefore be vulnerable to any bad news.”

Market intelligence firm Gartner projects global spending on ⁣AI to⁢ reach approximately $1.5 trillion in 2025, and exceed $2 trillion ​in 2026, representing nearly 2% of global GDP.

October 29, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

– ChatGPT’s Rise as a Therapist and Erotic Chatbot

by Priya Shah – Business Editor October 25, 2025
written by Priya Shah – Business Editor

ChatGPT: From Homework Helper too Virtual Companion‌ – and Beyond

ChatGPT, initially known‍ for answering questions and generating text, is rapidly evolving. Increasingly, people are turning to​ it for support​ as a⁤ virtual psychologist or couples⁣ therapist, and⁢ soon, it will even offer erotic conversations (restricted to‍ adults).

Laura Vowels,a therapist and researcher from the University of Lausanne and the University of Roehampton,UK,highlights‍ ChatGPT’s surprising⁤ effectiveness in these⁢ new roles. Studies ⁣show the AI “generally ⁢does its job very well” as a virtual therapist, ‌with users reporting positive experiences.Though, Vowels stresses crucial limitations:⁢ ChatGPT ‌ cannot ‌identify critical clinical risks like suicidal ideation or domestic violence.

While not a replacement for ⁤professional help – “ChatGPT can be very useful, but ⁣it’s not ⁢designed for therapy” -⁣ Vowels acknowledges ⁢its ​potential to address less ⁤severe issues, particularly given‍ the ⁢current shortage of psychologists.

Expanding into Intimacy: A⁢ “Pink” ChatGPT

OpenAI is planning a ⁤version of ChatGPT capable ‌of engaging in ‌sexual conversations, a feature already available on other chatbots. While specific safety measures ​remain unclear,‍ Vowels​ believes ‍these interactions will likely be legal and⁢ could‌ even contribute positively to sexual health and exploration. She also suggests chatbots could offer a ⁤valuable outlet for individuals struggling with relationship issues,‌ providing connection where isolation might or else prevail.

Impact on ⁣Relationships​ -⁣ A Modern Parallel?

Concerns about ⁤chatbots potentially replacing⁢ human⁢ connection, such as a partner preferring ⁣AI companionship,‌ are being ⁣raised. vowels ‌draws parallels⁣ to existing relationship​ challenges like infidelity and pornography​ consumption. Ultimately, she believes that as ⁣ChatGPT’s capabilities expand, there’s no need for undue alarm. Actually, she suggests⁢ a⁤ chatbot could even be a healthier alternative to certain ⁤damaging human interactions.

Source: Comments ‌collected by Anne Fournier
Web ‌Adaptation: Julien Furrer

October 25, 2025 0 comments
0 FacebookTwitterPinterestEmail
Business

Trump’s Tariffs Threaten Swiss Toy Company’s Existence

by Priya Shah – Business Editor October 23, 2025
written by Priya Shah – Business Editor

Swiss Toymaker’s Challenge to Trump Tariffs Heads to ‍Supreme Court, Threatening Presidential Authority

WASHINGTON D.C. – A legal battle‍ initiated by Rick Woldenberg, ⁤a Swiss toymaker, is poised to reach the Supreme Court on November 5, perhaps curbing the power of the U.S. presidency to unilaterally impose tariffs. The case, consolidated with several similar actions, challenges President Trump’s use‌ of tariffs as a trade weapon and could have notable global economic repercussions, ⁣particularly for companies like Woldenberg’s.

Woldenberg, not affiliated with either major U.S. political party, filed⁢ a complaint in Washington D.C. at the end of April, arguing that the President exceeded constitutional authority by⁢ enacting far-reaching tariff⁢ regulations without Congressional approval. In May, a district court⁢ judge agreed, ruling that the Constitution requires Congressional⁢ authorization ⁢for ⁢such measures.This‌ initial victory has emboldened⁣ Woldenberg to continue the fight despite facing direct ⁤criticism from President Trump,‌ who has labeled the plaintiffs “enemies of the state” and announced his intention to appear in court.

The core of the dispute centers⁢ on ‌tariffs imposed on goods imported from⁣ various countries, including‍ those impacting‌ Woldenberg’s toy manufacturing business. The U.S. Constitution grants Congress the power ​to regulate foreign commerce, and Woldenberg’s legal team argues that the President’s actions circumvent this constitutional mandate.

“this trial has no political motivation,” Woldenberg⁣ emphasized. “But we have to fight what’s happening in the United States right now.”

The Supreme Court’s decision could redefine the balance of power between the ​executive ⁤and legislative branches regarding trade policy. A ruling in favor of Woldenberg and the other plaintiffs would necessitate Congressional approval for future tariffs, potentially offering ⁤relief to Swiss‌ companies and others affected by the Trump administration’s trade policies.

Original article: Mélanie Pfändler
French adaptation: Julien Furrer (RTSinfo)

October 23, 2025 0 comments
0 FacebookTwitterPinterestEmail
Newer Posts
Older Posts

Search:

Recent Posts

  • Here’s the Best Travel-Friendly Gifts For Every Budget This Holiday Season

    December 5, 2025
  • Arkansas Jail Sees Surge in ICE Arrests Amidst New Laws and Agreements

    December 5, 2025
  • Title: Spencer Knight Set to Start vs. Kings

    December 5, 2025
  • Title: #STATEtoSundays: Week 14 NFL Alumni Preview

    December 5, 2025
  • St. Pete City Council to Discuss Main Street Funding Boost

    December 5, 2025

Follow Me

Follow Me
  • Live News Feeds
  • Short Important News
  • Most Important News
  • Headlinez
  • Most Recommended Web Hosting
  • About Us
  • Accessibility statement
  • California Privacy Notice (CCPA/CPRA)
  • Contact
  • Cookie Policy
  • Copyright Notice
  • Disclaimer
  • DMCA Policy
  • EDITORIAL TEAM
  • Links
  • Privacy Policy
  • Terms & Conditions

@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com


Back To Top
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
World Today News
  • Business
  • Entertainment
  • Health
  • News
  • Sport
  • Technology
  • World
@2025 - All Right Reserved.

Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: contact@world-today-news.com