_{ECONOMIC NEWS}

BRICS Unleashes Devastating Blow to the Dollar with Massive De-Dollarization Move

The BRICS economic alliance has taken a bold and alarming step in its mission to undermine the dominance of the U.S. dollar on the global stage. The group, which has been aggressively pushing for de-dollarization since Western sanctions on Russia in 2022, announced a significant milestone: over 90% of trade between Russia and China is now conducted in their native currencies, bypassing the U.S. dollar entirely. This development marks a severe blow to the dollar's global standing, as the BRICS bloc, now expanded to include nine nations, continues to erode the greenback's influence. The U.S. dollar's global reserve share has already plummeted from 72% a decade ago to just 58% this year, a decline fueled by BRICS' strategic actions and growing concerns about the fragility of the U.S. economy. The shift signals a potential financial upheaval as BRICS aims to reshape global finance and diminish America's economic power. Read More.

_{EMPLOYMENT FORECAST}

GM Slashes Jobs in Software and Services Division, Triggering Industry-Wide Fears

General Motors is unleashing a wave of layoffs, cutting over 1,000 jobs in its software and services division, with 600 of these employees based at its Global Technical Center in Warren, Michigan. This sweeping move signals a chilling shift within the automaker as it aims to "simplify for speed and excellence" in a bid to shape its future. With these cuts affecting a critical part of GM's workforce, the company's decision raises alarming questions about the stability of its software-driven ambitions and the broader impact on the industry. The layoffs come just months after leadership changes within the division, underscoring a growing sense of uncertainty as GM navigates this turbulent transition. Read Now.