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2024 marked significant global political shifts and inflation struggles

2024: inflation fuels anti-incumbent sentiment; elections shake global leadership amid ongoing conflicts and ai adaptation.

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2024: inflation fuels anti-incumbent sentiment; elections shake global leadership amid ongoing conflicts and ai adaptation.

Inflation, elections, and conflict were key themes in 2024.

While inflation rates decreased globally, voters remained dissatisfied due to prior price surges.

As a result, many ruling parties faced backlash in elections.

In the United States, high costs contributed to Donald Trump’s return to the presidency, despite previously losing to Joe Biden amid claims of election fraud.

This shift has raised concerns regarding American democracy and international relations.

Inflation-related unrest also led to new governments in Britain, Botswana, Portugal, and Panama.

In South Korea, opposition gained parliamentary control, challenging President Yoon Suk Yeol, who had imposed martial law in December, only to see it overturned.

Elections brought changes in France, Germany, Japan, and India as well.

Conversely, Russia saw continuity, with Vladimir Putin securing re-election amidst ongoing military operations in Ukraine.

Trump’s possible return to the White House raises questions on his approach to the Ukraine conflict and relations with Putin.

In the Middle East, Israel intensified its military campaign against Gaza, extending actions into Lebanon, while a coalition of rebels in Syria succeeded in dethroning Bashar al-Assad.

On the business front, global companies faced challenges integrating artificial intelligence.

Seven major tech firms now dominate the S&P 500, highlighting their significant market influence.

Elon Musk, at the helm of Tesla, plays a key role as an adviser to President-elect Trump, potentially shaping the landscape for 2025.

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OpenAI prepares first consumer device amid revenue boom

OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

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OpenAI plans to launch a screenless smart speaker by late 2026, shifting focus to hardware amid significant revenue growth.

OpenAI is gearing up to launch its first-ever consumer hardware device in late 2026. The product is expected to be a screenless smart speaker, signalling the tech giant’s move beyond software and into the world of physical devices.

The device comes after OpenAI acquired a promising hardware startup to accelerate development.

The company is also pushing a strategy to strengthen domestic manufacturing, working closely with U.S. manufacturers to secure efficient production of essential components.

Despite the progress, technical hurdles remain, especially around the device’s listening capabilities, which could delay the rollout.

This development comes on the heels of OpenAI reporting an annualised revenue of over $20 billion in 2025, representing a staggering 233% increase from the previous year. The combination of massive revenue growth and expansion into hardware marks a new era for the AI pioneer.

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Putin invited to Trump’s Gaza Peace Board

Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

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Putin invited to U.S.-led ‘Board of Peace’ for Gaza amid ceasefire efforts and reconstruction debates.

Russian President Vladimir Putin has reportedly received an invitation to join the U.S.-led ‘Board of Peace’ for Gaza, according to the Kremlin. The council, created by President Donald Trump, is designed to maintain a ceasefire between Israel and Hamas while overseeing the region’s reconstruction.

Kremlin spokesman Dmitry Peskov said Moscow will review the details of the invitation before responding. The board has already extended invitations to several world leaders, with some nations confirming their participation.

The proposal has sparked debate because the Trump administration reportedly requires participating nations to pay $1 billion to secure a permanent seat. Putin’s potential involvement also raises concerns, given his ongoing conflict with Ukraine.

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#GazaPeace #Putin #Trump #MiddleEast #InternationalRelations #WorldLeaders #Ceasefire #GlobalPolitics


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Trump escalates Greenland standoff as Europe weighs retaliation

Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

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Denmark boosts Greenland troops as Trump pushes U.S. control, prompting European leaders to seek diplomatic solutions amidst rising tensions.

Denmark has deployed additional troops to Greenland after President Donald Trump renewed his push for U.S. control of the island, linking the issue to what he claims cost him a Nobel Peace Prize.

The move has raised alarm across Europe, with leaders scrambling to prevent a fresh transatlantic crisis.

Trump has warned of tariffs against countries opposing American control of Greenland, calling the territory vital to U.S. security interests. Norway’s Prime Minister Jonas Gahr Støre has privately raised concerns with Trump, while EU officials assess potential coordinated countermeasures.

Despite the rhetoric, European leaders remain cautious. With U.S. influence deeply embedded in Europe’s defence and security framework, the bloc is keen to avoid further escalation as diplomatic negotiations continue behind the scenes.

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