Some of the reasons for layoffs are cost-cutting, reduction in IT budgets, uncertainties over the global economy, recession fear, and strong adoption of AI.

Title: The Weeknd Net Worth (Money & Salary) Last Updated: June 10, 2025 ...

In addition, South Korea also sees a chance to remain competitive in the AI race by adopting the “China Model” – focusing on deploying AI in manufacturing rather than competing in building ...

China’s manufacturing activity improved in May thanks to a trade war truce between Beijing and Washington, but it remained in contraction territory amid lingering uncertainties. The official ...

Investing.com-- China’s manufacturing sector unexpectedly shrank in May, private purchasing managers index data showed on Tuesday as overseas orders faced increased pressure from high U.S ...

China’s Manufacturing PMI jumps to 50.2, signaling recovery, but US tariffs could disrupt momentum and weigh on growth. Non-Manufacturing PMI rises to 50.4, reflecting modest expansion in ...

Stream NBC 5 for free, 24/7, wherever you are. However, China is doubling down on its efforts to bolster advanced manufacturing, which could put both countries on a collision course. Just last ...

President Xi Jinping says self-reliance in advanced manufacturing is the right path for China and the bedrock for its future economic development, sending a clear message on Beijing’s commitment ...

Forget the factory lines for socks, sneakers and T-shirts. U.S. President Donald Trump wants to boost the domestic production of high-tech products, and not apparel or footwear, he told reporters ...

China has been the world's largest manufacturing country in terms of output for 15 consecutive years, and it ranks first ...

And, crucially for Xi, it is also about China's ability to grow its slice of the global manufacturing pie despite internal and external headwinds. "The [U.S.] president should not make a deal of ...