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Washington — U.S. job numbers were sharply revised downward, showing a loss of 1.2 million jobs over the past 16 months, far worse than previously reported. The alarming data signals a much weaker labor market and intensifies pressure on the Federal Reserve to cut interest rates at the upcoming FOMC meeting on September 17–18.

Beijing, September 3, 2025 — Global finance and trade were in the spotlight as four major world leaders — Xi Jinping (China), Vladimir Putin (Russia), Kim Jong Un (North Korea), and Narendra Modi (India) — appeared together at the military parade marking the 80th anniversary of the end of World War II in Tiananmen Square. Many observers see this as a “historic first” signaling a new global order in both economics and politics.

A U.S. court has issued a landmark ruling in the country’s biggest antitrust case in 30 years, ordering Google to share search data with competitors but stopping short of forcing it to divest Chrome or Android. The lighter-than-expected penalty boosted market confidence, sending Alphabet shares up more than 8% in after-hours trading.

Tianjin, China — The global spotlight turned to China as President Xi Jinping delivered the opening address at the Shanghai Cooperation Organization (SCO) Summit, attended by leaders and representatives from over 20 nations.

China is signaling a major shift in economic strategy, moving to end a years-long price war that has battered industries from steel and solar panels to electric vehicles. After nearly three years of battling persistent deflation, the government under President Xi Jinping is indicating it plans to rein in excessive competition and tackle chronic overcapacity — without stalling economic growth or risking mass layoffs.

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