Category: 3. Business

  • The Future of Everything’s Best of 2025 – The Wall Street Journal

    1. The Future of Everything’s Best of 2025  The Wall Street Journal
    2. From robot ‘girlfriends to AI lipstick’: The weirdest tech of 2025  Euronews.com
    3. 5 Innovative Technologies Of 2025 That Can Deliver Real-World Impact  Forbes
    4. Time Magazine Reveals the Top 5 Inventions of 2025: Robots and AI Transforming Daily Life  عالم تسعة
    5. 2025 emerges as landmark year for innovation from insect-tracking cameras to water-from-air coffee makers  samaa tv

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  • Trabuco Canyon Post Office Resumes Operations – California newsroom

    Trabuco Canyon, CA– Effective December 26, the Trabuco Canyon Post Office located at 30595 Trabuco Canyon Rd, Trabuco Canyon, CA 92678 is resuming all operations.

    The Post Office was temporarily closed due to inclement weather and limited road access.

    The Trabuco Canyon Post Office is open at its regular retail schedule Monday- Friday 9:00 a.m. -1:00 p.m., 2:00 p.m. – 4:00 p.m.

    The safety of our customers and employees is our top priority. We appreciate our customers’ patience during this temporary closure.

    # # #

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  • Newfoundland and Labrador warns of text, phone call scams circulating

    Newfoundland and Labrador warns of text, phone call scams circulating

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    The Newfoundland and Labrador government is warning of multiple scams circulating leading up to the holidays. 

    Since Dec. 4, the province has put out two public advisories warning the public of scammers trying to obtain personal information.

    The first scam involves a text message appearing to be from MyGovNL and instructs the recipient to click a link to a fake website where they will be prompted to provide personal information. 

    Mike Goosney, the minister responsible for the Office of the Chief Information Officer, said the government would never ask someone for information by clicking on a link. 

    “It can grab the information from your personal data [and] oftentimes it’ll link into your financial accounts or to get passwords,” he told CBC Radio’s Newfoundland Morning.

    “And then it’s basically an open book for hackers to be able [to] do the harm, which is a lot of times financial.”

    He says the text can appear legitimate and once scammers receive personal information, it can allow them to access financial accounts. 

    “It’s just so disheartening to think that someone could work all their life and with the click of a button, someone could take it away from them,” Goosney said. 

    The province says if someone receives a scam text message, they should forward it to 7726 to alert their cellular provider. 

    They should then delete the message, block the number and report it to local law enforcement and the Canadian Anti-Fraud Centre at 1-888-495-8501. 

    The second scam the province is warning of is a telephone call claiming to be on the behalf of Premier Tony Wakeham, asking for personal information in exchange for a senior’s bonus.

    A man in a blue suit is smiling. A crowd of people are mingling behind him.
    Mike Goosney, minister responsible for the Office of the Chief Information Officer, says the government is working to track text and phone call scams. (Darrell Roberts/CBC)

    Goosney says the scammers are looking to prey on seniors’ vulnerability

    “It is very much alarming if you don’t feel it’s something or if you do feel it’s something that’s too good to be true, to delete right away. And you know, let authorities know.”

    If anyone receives such a phone call, the province is asking them to immediately hang up without providing any information, and then report it to the RNC or RCMP. 

    Reports to the RNC can be made online or by calling 709-729-8000, and reports to the RCMP can be made by contacting the local detachment or calling 1-800-709-7267.

    Goosney says the government is working to track these scams, and that they are working on providing more education about scams to the public. 

    Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Sign up for our daily headlines newsletter here. Click here to visit our landing page.

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  • Boxing Day sales fall flat once again

    Boxing Day sales fall flat once again

    Faarea MasudBusiness reporter

    Getty Images Shoppers on Oxford Street, London, on Boxing Day 2025.Getty Images

    Boxing Day sales have seen a muted start as shoppers continued to shun bricks-and-mortar stores in favour of online.

    By 3pm, visits to UK high streets were down 1.5% on 2024, while shopping centres saw a 0.6% fall, according to data from MRI Software.

    MRI’s footfall data showed retail parks saw 6.7% more people visiting compared with last year, but the rise has so far not been big enough to see an overall or significant bump in visitors.

    Barclays expects shoppers to spend £3.6bn in the sales, down from the £4.6bn they forecast for the sales in 2024, with fewer people planning to bargain hunt than last year. The amount spent online is also predicted to fall.

    Although people are still going out shopping, the figures indicate the Boxing Day sales are not the big event they once were.

    The Barclays consumer spend report suggests those who plan to shop have upped their budgets by £17 compared with last year, but overall people are forecast to spend less this year than last year on Boxing Day sales.

    Karen Johnson, head of retail at Barclays, said shoppers have been cost-conscious through the year and that behaviour is likely to extend into the Boxing Day sales.

    ‘Subdued atmosphere’

    A shopper with short blonde hair, glasses, a pink scarf, smiling and wearing a black jacket.

    But one shopper from Glasgow said she preferred the more subdued Boxing Day atmosphere.

    “Everybody’s taking it at their own pace, it’s a more enjoyable experience shopping on Boxing Day, I think,” she told the BBC.

    Although the festive period is an opportunity for many retailers to make up for quiet periods of the year, several major brands closed their stores on Boxing Day, including Next, John Lewis, Poundland, Wickes and Iceland.

    Another shopper in Glasgow said that he comes out every year only because it was his family’s tradition.

    A man with a beard, smiling, wearing a necklace, and a pink jumper under a beige winter coat.

    “It’s definitely a lot quieter than usual,” he noticed, “though Lush did have a big, massive queue this year.”

    Diane Wehrle, chief executive of Rendle Intelligence and Insights, said 2025 had been a challenging year for many people.

    “In the run up to Christmas, consumers have really pulled back on spending because they were very nervous, particularly pre-Budget in November,” she told the BBC.

    Chancellor Rachel Reeves’ announced in her last budget up to £26bn in tax rises in 2029-30, which will bring the UK’s tax take to an all-time high of 38% of national income in 2030-31, according to the OBR.

    It means a further squeeze on household budgets as inflation – the rate at which prices rise – remains stubbornly high, though it has fallen from peaks seen in recent years.

    For employers, higher minimum wage costs and National Insurance contributions announced last year mean they’re footing higher costs in an economy with sluggish growth.

    Separate festive spending data from Visa showed that in the run-up to Christmas, spending was only marginally up overall, with spending on electronics up 8.4% compared with the same period last year.

    Official retail spending data from the Office for National Statistics for November also indicated many shoppers resisted the lure of Black Friday discounts and the start of Christmas sales campaigns.

    But Ms Wehrle said the extension of pre-Christmas discounting and boom in online shopping meant Boxing Day sales “have really become less important” over the last few years.

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  • Weather tracker: Deep freeze grips Canada as US records warmest Christmas | Canada

    Weather tracker: Deep freeze grips Canada as US records warmest Christmas | Canada

    Northern Canada has been gripped by an intense and prolonged cold spell, with temperatures hovering between -20C and -40C for weeks. On Tuesday, Braeburn in the Yukon recorded -55.7C, its coldest December temperature since 1975.

    Meanwhile, Mayo and Dawson endured 16 consecutive nights below -40C, with Mayo plunging to -50.4C on Monday. Whitehorse also recorded 10 nights when temperatures dropped below -30C.

    The deep freeze spread farther south over the festive period. On Christmas Day, overnight temperatures in Edmonton fell below -28C, while Boxing Day was expected to bring lows of at least -20C across many regions, including Edmonton, Montreal, Ottawa and Quebec.

    The severe cold is forecast to persist into the new year. Officials have warned that the Yukon could face electricity outages in the coming days, as the territory’s power grid comes under strain from record-high energy demand.

    The prolonged chill has been caused by the polar vortex remaining anchored over Canada for much of December, allowing bitter Arctic air to spill south. Next week, the cold air mass is expected to retreat north gradually, enabling milder Pacific air to move across the US and into parts of southern Canada.

    In stark contrast, parts of the US experienced their warmest Christmas Day on record as temperatures soared about 15-30C above the seasonal average. In many areas, conditions felt more typical of April or May than late December.

    Several states set Christmas Day temperature records. In Oklahoma, Oklahoma City hit 25C on Tuesday, surpassing the previous peak of 22C set in 1982. Cities including Austin and Dallas, in Texas, and Charlotte, North Carolina, were also among those that recorded temperatures above 25C.

    Above-average warmth is expected to continue through Boxing Day and the days ahead, with unseasonable heat forecast to sweep into the south-eastern states later in the week.

    The warmth has been fuelled by a strong upper-level ridge extending from the desert south-west towards the north and east, creating a heat-dome effect. This pattern establishes a broad area of high pressure across much of the continent, trapping warm air near the surface. As air sinks through the atmosphere, it compresses and heats further, allowing unusually warm temperatures to build.

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  • AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025 | Rich lists

    AI boom adds more than half a trillion dollars to wealth of US tech barons in 2025 | Rich lists

    A stock market boom in artificial intelligence companies has added more than half a trillion dollars to the wealth of America’s tech barons in the past year, data shows.

    The top 10 US founders and bosses of some of the world’s largest technology companies saw their finances swell to nearly $2.5tn, up from $1.9tn, in the year to Christmas Eve, according to figures from Bloomberg.

    Elon Musk, already the world’s richest man, has again proved to be one of biggest winners as the AI gold-rush has pushed US stock markets to record highs.

    Musk’s net worth increased by nearly 50% year-on-year to $645bn. The tycoon, whose business interests include xAI, an artificial intelligence company, became the first person to have a net-worth of more than $500bn in October this year. He could become the world’s first trillionaire if he hits targets set by Tesla, the electric car company he runs.

    Musk sits ahead of Google co-founder Larry Page and Amazon founder Jeff Bezos in the overall rankings of the world’s wealthiest billionaires. Page is estimated to be worth $270bn, and Bezos $255bn.

    The growing concentration of wealth among an ultra elite has fuelled debate about how best to rebalance economies, with some calling for more effective wealth taxes.

    The chief executive of the chipmaker Nvidia, Jensen Huang, was also one of the biggest gainers. The value of his investments, equity and other assets rose $41.8bn, taking his personal fortune to $159bn. This puts him ninth in the overall Bloomberg Billionaire Index, and eighth among the top 10 US tech billionaires, according to a separate report from the Financial Times.

    Huang sold nearly $1bn worth of shares this year, cashing in on Nvidia’s soaring stock price. Its relatively advanced computer chips are a critical component in building the more powerful processing capability required by AI. It became the world’s first $5tn company in October, larger than the economic output of some of the world’s biggest economies, such as Japan or India.

    List of Silicon Valley’s wealthiest billionaires

    The wealth of Page and Sergey Brin, the co-founders of Google, swelled by around $102bn and $92bn respectively, as investors bet on the company’s AI progress, including its own in-house efforts to build new chips, known as a Tensor Processing Unit.

    Such has been the surge in AI investments in recent years that the Bank of England has warned of a “sudden correction” in global markets if investor confidence proves misplaced.

    “On a number of measures, equity market valuations appear stretched, particularly for technology companies focused on artificial intelligence,” top policymakers at the central bank said in October.

    This means that stock markets are “particularly exposed should expectations around the impact of AI become less optimistic”, they said.

    While technology is the dominant industry among gainers in the billionaire rankings, there are other familiar names, too. Bernard Arnault, the French chair of the LVMH luxury goods company, which makes the likes of Louis Vuitton bags and Dom Perignon champagne, saw his wealth rise by $28.5bn over the past year. The 76-year-old controls around half of LVMH and analysts have turned more positive on the stock in recent months, with strong spending by wealthy North American consumers.

    The Spaniard Amancio Ortega, who holds 59% of Inditex, the parent company of the high street clothing retailer Zara, and seven other brands, was among the biggest gainers, adding $34.3bn to his fortune, which sits at $136bn. This was boosted by a record dividend of €3.1bn from the retail group.

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  • Timeshare decline: Bay of Islands resort among latest to wind up after High Court ruling

    Timeshare decline: Bay of Islands resort among latest to wind up after High Court ruling

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  • Farmers head into 2026 facing uncertain trade and crop prices, but beef remains a bright spot

    Farmers head into 2026 facing uncertain trade and crop prices, but beef remains a bright spot

    Irwin said many farmers in the Corn Belt have been surviving on a series of ad hoc payment programs from the federal government. Next year, producers are slated to receive billions in funding from disaster relief and economic aid programs – including a $12 billion bailout package announced earlier this month that aims to offset losses from low crop prices and the trade war.

    Irwin said those payments could push farmers in Illinois toward a small profit instead of a hefty loss.

    But, ad hoc payments only go so far, Cowley said.

    “It’s not necessarily going to help the fundamentals of, you know, what do we do with the supply of the products that we grow?” Cowley said. “And what does that mean for prices that farmers are going to be paid on the market?”

    New year, same trade questions

    Economists say that trade uncertainty will continue to be a challenge as farmers make decisions for their operations this year.

    Irwin is watching the U.S. relationship with China, the biggest buyer of U.S. soybeans, and the weather in South America through the first quarter of 2026.

    Earlier this year, China boycotted U.S. soybean purchases for months to retaliate against the Trump administration’s tariffs. The country later agreed to buy 12 million metric tons of U.S. soybeans in 2025, and 25 million metric tons for the next three years – which is closer to what the country typically buys from the U.S.

    But after the first Trump administration’s trade war, China further diversified where it sourced soybeans, namely from South America. Irwin said Brazil is now the dominant soybean producer in the world.

    “I think what people are probably as worried about as anything on the trade front is, how much permanent damage has this done in our trade relationship with China?” Irwin said. “Is this just going to be a repeat of the last 2017, 2018, when we permanently gave up market share to South America, principally Brazil?”

    While the Trump administration has announced trade agreements with countries like Japan, Irwin said some of the details are still unclear.

    “Maybe there will be some nice boosts in our agricultural exports coming out of these trade agreements. But we have to see more specifics and get down to that before we’ll really know for sure,” he said.

    This is happening as tariffs themselves are in question. Currently, the U.S. Supreme Court is considering their future in a lawsuit.

    For Luis Ribera, economic professor at Texas A&M University, trade in 2026 is hard to predict because it’s heavily political. He said markets don’t know how to react to tariff unpredictability.

    “In my world, that’s the big question – is this the new normal? Is tariffs going to be a tool to negotiate with other countries? And looks like that’s the way it’s going to be,” Ribera said.

    As other countries retaliate against U.S. tariffs and find other places to source products, some American farmers are putting harvested crops in silos. Ribera said that means farmers have to pay for storage, and they don’t know when crops can be moved.

    He said the current market leaves few options for crop growers.

    “Producers, they don’t have an alternative or say, ’OK, you know, soybean prices are low, well, we’re going to produce more corn, or we’re going to go into cotton, or we’re going to go into a different type of rotation crops just to take advantage of prices,” Ribera said. “I mean, all across the board commodity prices are low.”

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  • 'The shoe dropped': How Canada-U.S. relationship changed in 2025 – BarrieToday.com

    1. ‘The shoe dropped’: How Canada-U.S. relationship changed in 2025  BarrieToday.com
    2. Looking Back: Canadians Grapple with the Wide Impacts of U.S. Tariffs  NPR
    3. Trump’s tariff war is The Canadian Press News Story of the Year  DARPAN Magazine
    4. The top economic policy developments of 2025 that will shape the years to come  Washington Examiner
    5. ‘The year that the shoe dropped’: How the Canada-U.S. relationship changed in 2025  Richmond News

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  • Hundreds brave the sea for charity Christmas dip at Boscombe Pier

    Hundreds brave the sea for charity Christmas dip at Boscombe Pier

    Another coastal charity swim in Dorset was cancelled because of concerns about water conditions on Thursday.

    The Weymouth and Portland Lions Club took the decision to end its Christmas Day Harbour Swim after the first of 10 scheduled swims.

    “This was not an easy decision, but it was the right one in the interests of safety for all participants, water support teams, and spectators,” it said in a statement.

    “We are grateful that both swimmers and spectators supported this decision.

    “Despite the cancellation, many spectators continued to donate generously into the collection buckets, for which we are extremely thankful.”

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