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Friday, January 30, 2026

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

EU and India finalize “mother of all deals” as tariffs fall and market access expands

The EU and India finalized a landmark free trade agreement aimed at cutting tariffs on most goods, easing access for services and investment, and reshaping trade ties across a combined market of about 2 billion people.

Iran’s foreign minister to meet Turkey’s Fidan in Ankara as US pressure on Tehran builds

Iran’s foreign minister will travel to Ankara for talks with Turkey’s Hakan Fidan as Ankara presses mediation to avert US military escalation, pushing a step-by-step approach on disputes including the nuclear file.

Iran’s IRGC to hold live-fire drills in Strait of Hormuz, raising shipping risk concerns

Iran’s IRGC plans live-fire exercises in the Strait of Hormuz on February 1–2, drawing attention to security risks around a vital global oil shipping route.

Iran’s foreign minister to meet Turkey’s Fidan in Ankara as US pressure on Tehran builds

Iran’s foreign minister will travel to Ankara for talks with Turkey’s Hakan Fidan as Ankara presses mediation to avert US military escalation, pushing a step-by-step approach on disputes including the nuclear file.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

Miura, Tomono, Yamamoto dominate short program as Olympic season pressure rises

Japan swept the top three spots in the men’s short program at the Four Continents Championships in Beijing, led by Kao Miura, setting up a tense free skate battle.

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K-Food Craze Sweeps China: Social Media and Local Tastes Fuel Culinary Boom

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Young Chinese Women Embrace ‘White Women Aesthetic,’ Shifting Traditional Beauty Norms

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UnitedHealth Issues Cautious 2025 Outlook Amid Rising Medical Costs

UnitedHealth Group has released its 2025 financial outlook, falling short of Wall Street's projections. The company expects adjusted earnings of at least $16 per share and revenue between $445.5 billion and $448 billion,...

China’s Dongfeng Eyes Turkish Production for Passenger Cars

Chinese automaker Dongfeng Motor is reportedly in discussions with an investor to establish passenger car production in Turkey. This...

Iran’s IRGC to hold live-fire drills in Strait of Hormuz, raising shipping risk concerns

Iran’s IRGC plans live-fire exercises in the Strait of Hormuz on February 1–2, drawing attention to security risks around a vital global oil shipping route.

EU designates Iran’s IRGC as terrorist organisation, triggering asset freezes and support bans

The EU has formally designated Iran’s IRGC as a terrorist organisation, triggering asset freezes and support bans across the bloc as Europe escalates pressure over Iran’s protest crackdown.

US announces multi-day air drills in Middle East as Iran standoff intensifies

The US announced a multi-day aerial readiness exercise across the Middle East to test rapid deployment and sustained combat airpower as tensions with Iran remain elevated.

South Korea’s former first lady Kim Keon Hee sentenced to 20 months in bribery case

South Korea’s former first lady Kim Keon Hee was sentenced to 20 months in prison after a court found she accepted luxury gifts as bribes tied to the Unification Church, while other major allegations were dismissed for lack of evidence.

Dow to cut 4,500 jobs, 13% of workforce, in restructuring push as AI and automation take bigger role

Dow will cut about 4,500 jobs as it restructures to boost efficiency and expand AI and automation, while forecasting weaker-than-expected first-quarter revenue amid sluggish demand.

SpaceX in talks to merge with xAI ahead of planned 2026 IPO, source says

SpaceX is reported to be in merger talks with Elon Musk’s AI firm xAI ahead of a planned 2026 IPO, a move that could combine Grok, Starlink and SpaceX infrastructure under one structure.

Iran’s foreign minister to meet Turkey’s Fidan in Ankara as US pressure on Tehran builds

Iran’s foreign minister will travel to Ankara for talks with Turkey’s Hakan Fidan as Ankara presses mediation to avert US military escalation, pushing a step-by-step approach on disputes including the nuclear file.

South Korea exports seen up nearly 30% as AI chip boom drives fastest jump in 4+ years

South Korea’s exports are expected to post their fastest growth in over four years as AI-driven semiconductor demand surges, boosting shipments to China and the US ahead of official trade data on February 1.

S&P 500 and Nasdaq fall as investors question returns on Big Tech’s AI splurge

Wall Street fell as the S&P 500 and Nasdaq slid on fears that Big Tech’s soaring AI spending will take longer to pay off, with Microsoft and software stocks leading declines while the Dow also dipped.

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