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Business News 18 August 2025 - 10 September 2025

Canada’s Space Boom: Inside the Great White North’s $5B Space & Satellite Surge (2025 Report)

Canada’s Space Boom: Inside the Great White North’s $5B Space & Satellite Surge (2025 Report)

Key Facts and Figures (Quick Reference) Historical Overview: From Pioneering Satellites to a National Space Agency Early Pioneers (1960s–1970s): Canada’s space journey began boldly in the Cold War era. In 1962, Canada stunned the world by launching Alouette-I, becoming the third country to design and build its own satellite asc-csa.gc.ca. Alouette’s success in ionospheric research established Canada’s reputation for scientific satellites. By the late 1960s, Canada was also a telecommunications trailblazer – 1969 saw the creation of Telesat Canada as a domestic satellite operator asc-csa.gc.ca, and in 1972 Anik A1 was launched, making Canada one of the first nations with
10 September 2025
Britain’s New Space Race: Inside the UK’s Booming Space & Satellite Industry

Britain’s New Space Race: Inside the UK’s Booming Space & Satellite Industry

Key Facts Summary Historical Development of the UK Space & Satellite Sector The UK has a long if understated space heritage, with several pivotal milestones over the past decades: In summary, the UK space sector’s history is one of early scientific achievements, a long period of reliance on partners, and a recent renaissance focusing on commercialization. From building satellites that connect the world to laying the groundwork for launching them, Britain’s space journey has set the stage for a new chapter of growth. Current Industry Landscape: Size, Scope and Key Players Today the United Kingdom boasts one of the world’s
8 September 2025
AI Stock Frenzy: $10B Chip Deal Ignites Rally, Amazon’s ‘Quick Suite’ Leak & Salesforce’s AI Setback

AI Stock Frenzy: $10B Chip Deal Ignites Rally, Amazon’s ‘Quick Suite’ Leak & Salesforce’s AI Setback

Market Overview: AI Momentum Rebounds After a late-summer lull, AI-related stocks roared back at week’s end. Weaker U.S. jobs data fueled expectations of a Federal Reserve rate cut, sparking a rally in high-growth tech names home.saxo. The S&P 500 and Nasdaq each rose roughly 0.8–0.9% on Thursday, with the Nasdaq touching record territory behind renewed enthusiasm for AI-driven companies home.saxo. Investor sentiment toward AI had wavered in August, but fresh catalysts – from blockbuster chip deals to optimistic product news – helped restore confidence in the “AI trade.” European markets echoed the optimism, as the STOXX 600 climbed 0.6% and
6 September 2025
SpaceX Soars, Google Pays Billions, and More: Tech Bombshells of Sept 5–6, 2025

SpaceX Soars, Google Pays Billions, and More: Tech Bombshells of Sept 5–6, 2025

Key Facts Consumer Electronics and Gadget Highlights (IFA 2025) Major consumer tech brands kicked off September with a flurry of product news at IFA 2025 in Berlin – Europe’s biggest electronics expo which opened on Sept 5. Samsung grabbed headlines by unveiling its Galaxy S25 FE smartphone alongside a new Galaxy Tab S11. The Fan Edition phone and tablet are thinner and lighter than prior models, making only modest spec upgrades but coming at more affordable prices to broaden Samsung’s flagship lineup theverge.com theverge.com. Samsung’s push for value-oriented premium devices follows the strategy it used with earlier FE models to win
6 September 2025
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AI Layoff Wave of 2025: Salesforce’s 4,000-Job Cut Is Just the Beginning

AI Layoff Wave of 2025: Salesforce’s 4,000-Job Cut Is Just the Beginning

AI Replacing Workers in Tech: Salesforce Leads the Trend Tech companies have been on the forefront of integrating artificial intelligence – and now they’re seeing the workforce shake-ups that come with it. Salesforce made headlines this year when Marc Benioff confirmed the CRM giant cut about 4,000 customer support jobs after rolling out new AI-powered support bots foxbusiness.com foxbusiness.com. These “AI agents” can handle routine customer queries, generate content, and even manage websites automatically latimes.com. The efficiency gains were striking enough that Salesforce stopped backfilling many support roles. “With our AI agent platform, the number of support cases declined and
Global Internet Shockwaves: Governments Clamp Down, Tech Giants Invest Billions & Massive Outages Hit Millions (Sept 1–2, 2025)

Global Internet Shockwaves: Governments Clamp Down, Tech Giants Invest Billions & Massive Outages Hit Millions (Sept 1–2, 2025)

Key Facts: Infrastructure and Connectivity Projects Satellite broadband saw major gains. SpaceX’s August 29 launch of 24 Starlink satellites into polar orbit—its fourth California launch that month—aims to blanket high-latitude regions (Alaska, Scandinavia, Antarctica) with low-latency internet. As Spaceflight Now reported, “SpaceX launched 24 Starlink broadband satellites… as it rolls out the service to more countries and territories around the world” spaceflightnow.com. Meanwhile Amazon’s Project Kuiper is gearing up: head Rajeev Badyal confirmed a U.S. launch by late 2025 offering up to 1 Gbps speeds pymnts.com. (“If it were cost-effective, it would have been done by now. But it isn’t,”
2 September 2025
AI Stock Frenzy Peaks Then Falters: Nvidia Wobbles, Alibaba Soars as Global AI Boom Faces Reality Check

AI Stock Frenzy Peaks Then Falters: Nvidia Wobbles, Alibaba Soars as Global AI Boom Faces Reality Check

Key Facts Wall Street’s AI Rally Hits a Speed Bump After months of euphoria, U.S. markets took a breather as August closed out, led by weakness in AI-focused stocks. On Friday, Aug. 29, the S&P 500 and Nasdaq retreated from all-time highs amid a tech sell-off investopedia.com investopedia.com. The Nasdaq Composite sank 1.2% while the S&P 500 lost 0.6%, breaking a streak of gains as traders locked in profits on this year’s AI-fueled winners investopedia.com investopedia.com. Tech mega-caps were mostly lower: Nvidia slid 3.4%, extending a 3-day decline; Tesla and Broadcom fell over 3%; even giants like Meta and Amazon
30 August 2025
AI Stock Frenzy: Nvidia’s $54 B Forecast Fuels Rally as Snowflake & MongoDB Surge; Governments & Giants Double Down on AI Boom

AI Stock Frenzy: Nvidia’s $54 B Forecast Fuels Rally as Snowflake & MongoDB Surge; Governments & Giants Double Down on AI Boom

In-Depth Report Nvidia’s Blockbuster Earnings Test the AI Trade AI-chip bellwether Nvidia delivered another blowout quarter, underlining the extraordinary scale of the ongoing AI boom. The company’s fiscal Q2 results (reported Aug 27) easily beat estimates, and management issued an even higher forecast for Q3 revenue — about $54 billion, plus/minus 2% reuters.com. That guidance edged past Wall Street’s ~$53.1 billion consensus and implies astonishing 170%+ growth year-on-year, cementing Nvidia as the de facto arms dealer of the AI era. Behind the numbers is “robust demand” from cloud providers expanding generative AI infrastructure reuters.com. Hyperscalers like Microsoft, Google, Amazon and Meta – many
28 August 2025
Apple’s July 2025 Bombshells: Foldable iPhone, AI Secrets, Encryption Showdown & More

Apple’s Explosive August 2025: iPhone 17 “Air” Leaks, Record $94B Quarter, Leadership Shakeup & Epic Showdown

<li Rumors for the September 2025 iPhone lineup peg four models—iPhone 17, 17 Pro, 17 Pro Max, and a new 6 mm thick iPhone 17 Air—featuring a 6.6-inch display, ProMotion 120Hz, an in-house 5G modem, and a triple‑sensor 48MP camera on the Pro Max. <li Apple restored Blood Oxygen monitoring on Apple Watch Series 9, Series 10, and Watch Ultra 2 in the U.S. via an August 14, 2025 software update after a Masimo patent dispute. <li Apple reported Q3 2025 (fiscal 2025, April–June) revenue of $94.0 billion, diluted EPS of $1.57, and all-time-high Services revenue with over 1 billion
20 August 2025
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Global Business Roundup: Oil Rally, SoftBank’s $2B Intel Lifeline & China’s Big Debt Deal (Aug 18–19, 2025)

Global Business Roundup: Oil Rally, SoftBank’s $2B Intel Lifeline & China’s Big Debt Deal (Aug 18–19, 2025)

Finance & Markets Technology & Telecom Energy & Commodities Retail & Consumer Real Estate & Property Automotive & Transportation Healthcare & Pharmaceuticals Sources: Key stories were drawn from Reuters unless otherwise noted. Reuters provided detailed reporting on financial markets reuters.com reuters.com, corporate deals reuters.com reuters.com, energy prices reuters.com reuters.com, retail shifts reuters.com reuters.com, property sector turmoil reuters.com reuters.com, automotive developments reuters.com reuters.com, and healthcare breakthroughs reuters.com reuters.com between August 18 and 19, 2025. Additional context was incorporated from reputable financial news outlets (e.g. Bloomberg, FT) and industry analysts to provide background and implications for each development.
19 August 2025
White House’s Shocking 10% Intel Stake Plan Shakes the Tech World

White House’s Shocking 10% Intel Stake Plan Shakes the Tech World

The White House is reportedly weighing a plan to take a 10% ownership stake in Intel by converting up to $10 billion of CHIPS Act grants into equity. The proposed 10% stake would be worth roughly $10-11 billion at current valuations. Intel was awarded about $10.9 billion under the CHIPS and Science Act for new fabs in Arizona, New Mexico, Ohio and Oregon. Intel appointed Lip-Bu Tan as CEO in early 2025 after the ouster of Pat Gelsinger. Tan met with President Donald Trump in the Oval Office in early 2025. Trump publicly demanded Tan resign over alleged ties to
19 August 2025
AI Breakthroughs, Billion-Dollar Bids & Backlash – Inside the Explosive 48 Hours of Aug 17–18, 2025

AI Breakthroughs, Billion-Dollar Bids & Backlash – Inside the Explosive 48 Hours of Aug 17–18, 2025

OpenAI released GPT-5 during Aug 17–18, 2025 rollout, billed as a major upgrade with strong coding, math, and science capabilities, while Sam Altman acknowledged it still lacks self-learning. In China, Pan Jianwei’s team used AI to position over 2,000 neutral-atom qubits in 3D in 1/60,000 of a second, a 10× larger array than prior work, in a result published in Physical Review Letters. MIT researchers designed novel antibiotic compounds with generative AI, generating 36 million candidate molecules and identifying compounds potent against MRSA and drug-resistant gonorrhea. Allen Institute for AI unveiled MolmoAct, an open-source robotics model that reasons in 3D,
18 August 2025
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