Business & Economy

Published: 20 February 2026. The English Chronicle Desk. The English Chronicle Online Hollywood is facing a fresh wave of anxiety — not from box-office flops or streaming wars, but from a Chinese-developed AI app that can create near-cinematic video clips from simple text prompts, provoking alarm among major studios and creatives alike. The technology, known as Seedance 2.0, has quickly gone viral after users generated hyper-realistic footage featuring world-famous actors...

Published: 19 February 2026. The English Chronicle Desk. The English Chronicle Online. Tim Wilson has clarified his position on the Reserve Bank of Australia’s dual mandate after initial comments sparked political backlash. The new shadow treasurer said he fully supports the bank’s twin objectives, despite suggesting earlier that inflation control should take precedence over full employment. Wilson’s remarks, made just days into his appointment, prompted strong criticism from government ministers...

Published: 19 February 2026. The English Chronicle Desk. The English Chronicle Online. Vermont senator Bernie Sanders unleashed a fierce critique of billionaire greed during a rally in Los Angeles, framing California’s proposed wealth tax as a moral and political imperative. The 84-year-old lawmaker, known for decades of outspoken criticism of economic inequality, addressed a packed Wiltern Theater on Wednesday, warning voters that the richest Americans are “treading on very, very...

Published: 20 February 2026. The English Chronicle Desk. The English Chronicle Online Japan is gearing up for a period of political and policy change after Prime Minister Sanae Takaichi was reappointed with a commanding legislative mandate following a landslide election victory for her ruling coalition, giving her government a supermajority in the lower house of the National Diet and the muscle to push through a bold conservative agenda. Takaichi, who made history as Japan’s...

Published: 19 February 2026. The English Chronicle Desk. The English Chronicle Online Financial markets in the United Kingdom are increasingly pricing in sharp interest rate cuts this year as the economy shows pronounced signs of weakening, with unemployment rising to its highest level in more than five years. Official data reveals that the jobless rate climbed to around 5.2 %, reflecting a softer labour market and slower wage growth — results that have...

Published: 19 February 2026. The English Chronicle Desk. The English Chronicle Online Financial markets in the United Kingdom are increasingly priced for an interest rate cut this spring after fresh inflation data reinforced hopes that price pressures are continuing to ease. Traders and investors reacted positively to new Consumer Prices Index (CPI) figures showing that annual inflation fell to 3.0% in January, the lowest level since March 2025, down from...

Published: 18 February 2026. The English Chronicle Desk. The English Chronicle Online. Glencore’s announcement of a $2bn shareholder payout has intensified rate cut speculation as investors weigh company resilience. The FTSE 100 commodities giant revealed the distribution despite reporting a 6% decline in annual profits, which fell to $13.5bn amid falling coal and energy prices. Market analysts suggest this bold move signals confidence in Glencore’s long-term growth strategy, particularly in...

Published: 18 February 2026. The English Chronicle Desk. The English Chronicle Online The UK’s Labour government is facing fresh political turbulence as it weighs up a potential reversal of a flagship election pledge to equalise the national minimum wage for younger workers with that of older adults amid mounting concern over rising youth unemployment. Ministers are reportedly considering delaying or modifying plans to remove age-based pay bands — a core...

Published: 18 February 2026. The English Chronicle Desk. The English Chronicle Online Robert Jenrick, the newly appointed shadow chancellor for Reform UK, has signalled a fresh approach to major economic institutions — promising to support the Office for Budget Responsibility (OBR) and defend the independence of the Bank of England while vowing to end what he described as a “cosy consensus” around fiscal forecasting that has dominated British economic politics...

Published: 18 February 2026. The English Chronicle Desk. The English Chronicle Online A once‑high‑flying British technology company that captured headlines with an audacious £18 billion vision to build a national artificial intelligence infrastructure is now facing a very public crisis, sending shockwaves through the UK tech sector and raising fresh questions about Britain’s ability to capitalise on the global AI boom. The company at the centre of the controversy, AI Pathfinder,...