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Title: US Owed Most Debt to China: Report Reveals Shift in Lending

by Lucas Fernandez โ€“ World Editor
written by Lucas Fernandez โ€“ World Editor

Breaking: U.S. Holds Largest Share of China‘sโข $2.2 Trillion in Global Loans

Jakarta – New โ€‹data reveals the United States is the largest recipient of loansโ€ from China, a โ€shiftโ€ indicating Beijing is increasingly financing projects in high-income nationsโฃ ratherโค than developing โคcountries.

A report published by AidData,a research laboratory at the University of William & Mary,details China’s lending and grant activity totaling $2.2 trillion (approximately IDR 36,740 trillion, using an exchange rate of IDR 16,700) extended to 200 countries between 2000 and 2023.

While previously โคrecognized for its lending through the Belt and Road Initiative to developing nations, China is now directing funds toward strategic infrastructure and high-tech โ€supply chains – including semiconductors,โค artificial intelligence, and โ€Œclean energy โข- in more developed economies.

AidData โคestimates the total size ofโค China’s loan portfolio is two to four timesโ€ largerโ€Œ than previously โ€Œunderstood, solidifying its position as the world’s largest debt provider.

The report indicatesโ€Œ that โ€Œover three-quarters of China’s foreign lending now supports projects in upper-middle- and high-income countries. Chinese creditors โ€‹have provided โ€credit facilities โคtoโ€ major Fortune โฃ500โ€ companies, including Amazon, AT&T, Verizon,โ€ tesla, General Motors, Ford, Boeing, and Disney, and โฃhave financed acquisitions of high-techโฃ companies.

Loans to low- and lower-middle-income countries have decreased from 88% in 2000 to 12% in 2023, with aโ€‹ corresponding reduction in funding for infrastructure projects within the “Global South” underโข the Belt and Road Initiative.

Conversely, support for middle- and high-income countriesโ€ has risen from 24% โคin 2000 to 76% in 2023. The United Kingdom has received โฃ$60โ€‹ billion,while the European Union has receivedโค $161โฃ billion.

Responding to a request for comment, China’s Foreign Ministry stated its overseas investments and financing adhere to internationalโ€‹ standards.โ€Œ

“This loan complies with international practices,โค market principles and debt โ€Œsustainability principles,” the Ministry said, as quoted by Reuters on November 23,โ€‹ 2025.

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Business

Competitive cricketer turned assistant brand manager is now heading a $368 billion giant. Meet P&G’s new CEO Shailesh Jejurikar

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

Procter & Gamble Taps Operations Veteran Jejurikar as New CEO

Leadership Transition Amidst Restructuring and Global Headwinds

Procter & Gamble is set to promote Chief Operating Officer Shailesh Jejurikar to the chief executive role, effective January 1, 2026. This move comes as the consumer goods giant navigates significant workforce restructuring, grappling with tariffs, and facing geopolitical challenges.

A New Era for the Consumer Goods Giant

Shailesh Jejurikar, 58, will officially assume leadership of P&G, succeeding current CEO Jon Moeller. Moeller will transition to an executive chairman position, focusing on board leadership and advising Jejurikar. The duration of Moeller‘s tenure as executive chairman will be determined by the P&G board.

โ€œWe thank Jon for his strategic leadership and guidance as he has played a pivotal role in designing and implementing P&Gโ€™s integrated portfolio, productivity and organization strategy, as part of one of the most significant transformations in the companyโ€™s history,โ€ said Joe Jimenez, lead independent director on P&Gโ€™s board. โ€œThe company has continued to consistently deliver strong growth and value creation through Jonโ€™s steady leadership as CEO. A strong plan is in place for sustained success and now is the time to transition to Shailesh as CEO. We are fortunate and grateful to have Jon continue as Executive Chairman.โ€

Damon Jones, P&G’s chief communications officer, highlighted Moeller‘s substantial contributions and legacy. Under Moeller‘s guidance, P&G has maintained its strong performance, ranking 149th on the Fortune 500 and recognized among the World’s Most Admired Companies.

Jejurikar’s Journey: From India to the Helm

Jejurikar‘s ascent follows a distinguished career within P&G, where he has served as COO since 2021 and previously led the global fabric and home care division. His tenure also includes leadership in global sustainability initiatives, integrating environmental and social goals with business operations.

P&G has outlined a compensation package for Jejurikar, including a $1.6 million salary and a potential $3.2 million bonus, alongside $14 million in long-term equity awards. Last year, Jejurikar‘s total compensation was approximately $10 million, while Moeller‘s reached $23 million.

A Legacy of Internal Succession

Founded in 1837, P&G maintains a strong tradition of promoting from within, having never hired an external CEO in its 174-year history. Jejurikar, a naturalized citizen, will be only the second CEO born outside the United States to lead the company, following a brief period in 1999-2000.

Jejurikar‘s formative years were spent in India, beginning his education in a rural area outside Mumbai. He later moved to Hyderabad, where boarding school shaped his personal development and leadership potential, culminating in being named head boy in his final year of high school. This experience instilled a core principle: never to ask anyone to do something I wouldnโ€™t do myself.

After completing his MBA at the Indian Institute of Management in Lucknow, Jejurikar joined P&G in 1989 as an assistant brand manager, embarking on a multi-decade career with diverse global roles.

Navigating Future Growth

The company’s strategic restructuring plan, which includes brand exits, divestitures, and market withdrawals, was detailed in recent presentations. This initiative aims to streamline operations and focus on core strengths for sustained growth.

In a company statement, Jejurikar expressed his honor and confidence: P&G people, our brands, and our capabilities in innovation and operational excellence fuel my confidence for a future of sustained growth and value creation. Moeller echoed this sentiment, stating, I look forward to supporting Shailesh and the entire team as they continue to improve the performance and value of P&G brands and categories to win with consumers and customers around the world.

P&Gโ€™s commitment to internal development is evident in its succession planning. For instance, former CEO A.G. Lafley, who returned for a second term, prioritized identifying his successor, leading to the appointment of David Taylor in 2015. This “build from within” ethos ensures continuity and a deep understanding of the company’s culture and operations.

The company is currently focused on innovation in its product categories, such as its commitment to sustainable packaging. For example, P&G aims to have 100% of its packaging be recyclable or reusable by 2030, a key aspect of its forward-looking strategy (Fortune 2025).

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Business

HR Tried To Fire An Employee Weeks Before His Pension Kicked In, But He Caught Them In Their Own Trap And Stayed Until Retirement ยป TwistedSifter

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

Veteran Outsmarts Firm’s Attempt to Deny Pension

Employee’s meticulous documentation thwarts termination efforts

A long-serving employee facing termination just weeks before his pension vests has successfully navigated his employer’s tactics, ensuring he receives his hard-earned retirement benefits. The situation highlights the lengths some companies may go to avoid financial obligations.

Mounting Pressure Before Retirement

A dedicated employee of a Fortune 500 company, with a career spanning decades and contributions that saved the company millions, found himself targeted by HR as his pension eligibility neared. This aggressive approach mirrors patterns observed with other employees approaching age 60.

The employee was initially confronted by an HR representative with accusations of not properly clocking in and out of work. Recognizing the baseless nature of the claims, he challenged HR to provide proof.

False Accusations Unravel

After a week, HR failed to substantiate the timekeeping allegations. The employee, a detail-oriented engineer, calmly pointed out the impossibility of proving these claims.

โ€œOf course you canโ€™t. I have been driving the corporate carpool bus from [a major city 40 miles away from the company] for the last 15 years. I always have 16 witnesses on my clock in time, and I havenโ€™t been late in 15 years.โ€

โ€”Employee

Undeterred, the HR representative presented a second reason for termination: allowing individuals entry into the building without proper identification. The specific instance cited involved the employee holding the door for a long-time colleague in a wheelchair, who had lost a foot due to type 2 diabetes.

What HR failed to consider was the employee’s foresight. He had previously informed the chief of security about the company’s intentions, securing his own evidence.

Meticulous Defense Turns Tables

When confronted with the door-holding accusation, the employee questioned the justification for termination over assisting a disabled friend of 35 years. He then revealed his evidence.

โ€œThat is very interesting. You are going to fire me for holding the door for my best friend of 35 years after his foot was amputated and he was in a wheelchair? Fine, then I hope you fire the CEO and yourself as well!!!โ€

โ€”Employee

He presented footage demonstrating the HR manager and the CEO themselves holding the door for his friend. The employee ultimately remained with the company until his pension was fully secured.

Attempting to terminate employees just before they receive full pension benefits is a practice that can lead to significant legal and reputational damage. In the United States, age discrimination remains a concern, with the Equal Employment Opportunity Commission (EEOC) reporting that in fiscal year 2023, age discrimination charges comprised 13.1% of all private sector charges filed.

Pexels/Reddit

The employee’s clever strategy ensured justice, highlighting the importance of meticulous record-keeping and proactive defense in the face of unfair workplace practices.

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World

EV Price Hike: $7,500 Tax Credit Change Coming October 1st

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

Electric Vehicle Tax Credit Set to Expire in September 2025

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For Americans considering purchasing an electric vehicle (EV), time is running out to take advantage of important savings. The federal electric vehicle tax credit, which currently offers up to $7,500 for new EVs and $4,000 for used EVs [3], is slated to end in september 2025, rather than at the end of the year as initially planned.

Impending Expiration of EV tax Credits

President Trump is expected to sign the Big Beautiful Bill, a package of tax cuts and spending plans, which will eliminate funding for the EV tax credit starting in October. This decision stems from the administration’s assessment that there is no longer sufficient fiscal capacity to subsidize EV purchases, despite the bill increasing the debt ceiling by $5 trillion.

Did You Know? The Clean Vehicle Tax Credit, formerly known as the federal EV tax credit, was established to encourage the adoption of electric vehicles in the United States [1].

Potential Impacts on Consumers and Automakers

The looming expiration of the tax credit could trigger a surge in EV purchases over the next three months as consumers rush to capitalize on the savings. Simultaneously, Original Equipment Manufacturers (oems) might reduce EV production in the U.S. as early as the third quarter of 2025 to avoid being left with excess inventory after the subsidies disappear, according to UBS analysts.

The end of the tax credit also applies to EV leasing deals, which have become popular due to their adaptability regarding vehicle and battery manufacturing origins. The $4,000 credit for used EVs will also be discontinued in September.

The Original Intent of the EV Tax Credit

Introduced at the beginning of 2023 as part of the Inflation Reduction Act, the federal EV tax credit aimed to bridge the price gap between EVs and internal combustion engine (ICE) vehicles. The higher cost of EVs, driven by expensive materials like lithium and nickel used in battery packs, often made them less accessible to the average consumer.

While the tax credit initially required consumers to claim the incentive during their annual tax filing, a change in January 2024 allowed for the credit to be applied directly at the point of sale, providing immediate cost reduction.

Manufacturers’ Response and the Future of EVs

It remains to be seen how manufacturers will adjust their EV pricing strategies in response to the elimination of the tax credit. Some may choose to offer rebates to partially offset the loss of the incentive, similar to actions taken by automakers in Germany when the government ended its EV purchase subsidy.

Moreover, Trump’s bill also eliminates fines for exceeding Corporate Average Fleet Economy (CAFE) rules, possibly reducing the incentive for legacy automakers to prioritize EV production. This could lead to a resurgence in ICE vehicle sales in the U.S.,diverging from the global trend of increasing EV adoption.

Pro Tip: Check with your local and state governments for additional EV incentives that may be available even after the federal tax credit expires.

Possible shift in Automotive Focus

UBS analysts suggest that OEMs may shift their focus back to ICE models in the U.S. market due to the relaxed emissions regulations and the absence of EV incentives. This could substantially alter the landscape of the automotive industry in the United States.

Key Dates for EV Tax Credit Changes
Date Event
Beginning of 2023 Federal EV tax credit introduced as part of the inflation Reduction Act.
January 2024 Tax credit applied directly at the point of sale.
September 2025 Federal EV tax credit expires.
October 2025 Elimination of funding for the EV tax credit takes effect.

The Evolution of Electric Vehicle Incentives

Government incentives for electric vehicles have played a crucial role in promoting their adoption.These incentives, including tax credits and rebates, aim to reduce the upfront cost of EVs, making them more competitive with customary gasoline-powered cars. The effectiveness of these incentives depends on various factors, such as the size of the incentive, eligibility requirements, and consumer awareness. As governments worldwide strive to meet emissions reduction targets, the future of EV incentives remains a key topic of discussion.

Frequently Asked Questions About the Electric Vehicle Tax Credit

What is the electric vehicle tax credit?

the electric vehicle tax credit is a federal incentive designed to encourage the purchase of new and used electric vehicles by offering a tax credit to eligible buyers [2].

How much is the electric vehicle tax credit worth?

The electric vehicle tax credit is worth up to $7,500 for new electric vehicles and up to $4,000 for used electric vehicles [2].

When does the electric vehicle tax credit expire?

The federal electric vehicle tax credit is set to expire in September 2025.

Why is the electric vehicle tax credit expiring?

The electric vehicle tax credit is expiring due to the Big Beautiful Bill, which eliminates funding for the incentive starting in October 2025.

How will the expiration of the electric vehicle tax credit affect consumers?

The expiration of the electric vehicle tax credit will likely increase the upfront cost of electric vehicles for consumers, potentially slowing down EV adoption.

Will manufacturers offer rebates to offset the loss of the electric vehicle tax credit?

Some manufacturers may choose to offer rebates or othre incentives to partially offset the loss of the federal tax credit.

What are the potential long-term effects of the electric vehicle tax credit expiration?

The expiration of the electric vehicle tax credit could lead to a shift in focus back to internal combustion engine vehicles in the U.S. market, potentially slowing down the transition to electric mobility.

What impact do you think the expiration of the EV tax credit will have on the automotive market? Will this affect your decision to purchase an electric vehicle?

Disclaimer: This article provides general information and should not be considered financial or tax advice. Consult with a qualified professional for personalized guidance.

Share your thoughts in the comments below and subscribe to World Today News for more updates on the automotive industry!

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World

Amazon Reviews: Leadership Principles Now Key to Performance

by Priya Shah โ€“ Business Editor
written by Priya Shah โ€“ Business Editor

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amazon’s New Employee Performance Reviews Tie Leadership Principles to Evaluations

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Seattle,WA – Amazon is implementing a new policy requiring corporate managers to factor the company’s 16 Leadership Principles into employee performance evaluations,starting this quarter. The move, first reported by Business Insider, formalizes a previously implied expectation, aiming to strengthen company culture and streamline operations.

Formalizing Amazon’s Leadership Principles in Performance Reviews

The updated process codifies that Amazon managers should assess employees on how well their actions align with the company’s core values. These “Leadership Principles” (LPs),including “Bias for Action,” “Customer Obsession,” and “Frugality,” are intended to guide behavior,decision-making,and innovation within the company. According to internal guidelines, this change will strengthen the connection between performance and culture.

Did You Know? Amazon’s 16 Leadership Principles have been a cornerstone of the company’s culture since its early days,influencing everything from hiring decisions to product development.

Andy Jassy‘s Crusade to Revitalize Amazon’s Culture

The formalization of this evaluation is part of CEO Andy Jassy’s broader effort to reinforce the company’s DNA, originally architected by founder Jeff Bezos. Jassy aims to transform the 1.5-million person company into what he calls the “world’s largest startup.” This initiative includes identifying and cutting red tape using an internal bureaucracy hotline Fortune.

In the past year, Jassy released an hour-long video explaining the meaning of each of the 16 LPs. He also mandated a return to the office five days a week, believing that in-

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Technology

Google Ads Chief Navigates Industry Shift | [News Website Name]

by Rachel Kim โ€“ Technology Editor
written by Rachel Kim โ€“ Technology Editor

AI Revolutionizes Advertising and Commerce, Says Google Exec

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Artificial intelligence is rapidly transforming the advertising landscape, enabling hyper-personalization and dynamic content creation, according to Google’s VP/GM for Advertising and Commerce, Vidhya Srinivasan. Speaking after the Cannes Lions advertising festival,Srinivasan noted that AI’s potential is now a tangible reality,reshaping every facet of advertising. This shift comes as Google reported over $66.9 billion in revenues from advertising and commerce in the first quarter of 2025 alone,underscoring the sector’s financial strength Alphabet Investor Relations.

The Rise of AI in Advertising

Srinivasan,who oversees Google Shopping and advertising products across platforms like Google Search,Maps,and YouTube,emphasized that AI facilitates serving the right ad to the right person at the right time. AI can now generate perfect creative content instantly, revolutionizing possibilities in advertising. This capability addresses the increasing consumer demand for personalized shopping experiences and the advertiser’s need to target shoppers effectively.

Did You Know? According to a 2024 McKinsey report, companies that effectively personalize customer experiences see revenue increases of 5% to 15%.

Transforming the Shopping Experience

The integration of AI is also creating entirely new shopping experiences. Consumers can describe a desired garment, view an AI-generated version, and then shop for similar products. Srinivasan noted that customer journeys are becoming increasingly unpredictable, with users seeking more relevant and immersive experiences.This shift requires advertisers to adapt and leverage AI to meet these evolving demands.

Pro Tip: Use AI-powered tools to analyze customer data and create highly targeted advertising campaigns for better engagement and conversion rates.

Challenges and Opportunities

Srinivasan faces the challenge of navigating fast-changing consumer behavior, including the increasing use of AI chatbots like ChatGPT for information retrieval. This trend necessitates that Google and other advertising platforms innovate to remain relevant and competitive. The ability to harness AI for personalized advertising and enhanced shopping experiences presents significant opportunities for growth and market leadership.

The advertising landscape is undergoing a seismic shift, driven by AI’s capacity to deliver personalized, dynamic, and immersive experiences. As consumers increasingly demand relevance and convenience, advertisers must embrace AI to stay ahead. The future of advertising and commerce hinges on effectively leveraging AI to meet these evolving needs.

Key Figures: Google Advertising and Commerce
Metric Value Source
Q1 2025 Revenue $66.9+ Billion Alphabet Investor Relations
Personalization Impact 5-15% Revenue Increase McKinsey

Evergreen Insights: The Evolution of AI in Advertising

The integration of artificial intelligence into advertising represents a significant leap from traditional methods. Historically, advertising relied on broad demographic targeting and static creative content. Today,AI algorithms analyze vast datasets to understand individual consumer preferences,enabling advertisers to deliver highly personalized messages in real-time.This shift not only enhances the effectiveness of advertising campaigns but also transforms the overall shopping experience.

The trend towards AI-driven advertising is expected to continue, with advancements in machine learning and natural language processing further refining personalization capabilities. As AI becomes more refined, advertisers will be able to predict consumer behavior with greater accuracy, creating even more relevant and engaging experiences. This evolution promises to reshape the advertising industry, making it more efficient, targeted, and customer-centric.

Frequently Asked Questions About AI in Advertising

How does AI personalize advertising content?
AI algorithms analyze user data to understand individual preferences and behaviors, allowing advertisers to tailor messages and offers to each consumer.
What are the benefits of using AI in commerce?
AI enhances the shopping experience by providing personalized recommendations, AI-generated product previews, and more relevant search results.
How is AI changing the role of advertisers?
Advertisers are now leveraging AI tools to automate tasks, analyze data, and create more effective campaigns, requiring new skills and strategies.
What are the ethical considerations of AI in advertising?
Ethical concerns include data privacy, algorithmic bias, and the potential for manipulation, requiring careful oversight and regulation.
How can businesses adopt AI in their advertising strategies?
Businesses can start by investing in AI-powered tools, training employees, and experimenting with different AI applications to find what works best for their needs.

How do you see AI impacting your online shopping experiences? What are the potential downsides of AI-driven advertising?

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