Housing affordability has become one of the most powerful political issues in the US. The question is whether the proposed solutions target the real problem, or just blame the easiest target.

After months of escalating tensions, on 3 January the United States carried out a large-scale operation in Venezuela, extracting President Nicolás Maduro and First Lady Cilia Flores. President Donald Trump confirmed the move, stating that Washington would run the country until a transition could be put in place. Suddenly, a doctrine born two centuries ago is back on the front pages: the Monroe Doctrine.

It seems there has been a miscalculation within the AI industry. The industry assumed that progress required building ever larger language systems capable of tackling every conceivable task. These Large Language Models (LLMs) became the default solution, attracting immense investment and attention. In reality, most organisations do not need a Swiss Army knife when they are looking for a scalpel.

After months of escalating tensions, on 3 January, the United States carried out a large-scale operation in Venezuela, extracting President Nicolás Maduro and First Lady Cilia Flores.

Below are the top 10 events and surprises that could impact financial markets and the global economy in the New Year. These are not forecasts, but potential macroeconomic, geopolitical, or market events that are not anticipated by financial markets. We also try to assess the probability of occurrence (high, medium, low) of each of them.

Gemini 3 has just been ranked as the best performing AI model, a reversal that few saw coming. A year ago, OpenAI models were leading the charts.

The 2025 season is coming to an end. This year has been anything but quiet: Trump's historic return to the presidency, the April "Liberation Day" tariff shock, major AI breakthroughs, bitcoin's volatile journey, and a stunning market rebound. Here are ten stories to remember.

Could Google’s custom AI chips (or TPUs) dent Nvidia’s dominance in the AI chip market? While Nvidia’s dominance faces scrutiny, the AI market is vast. Whether rivals can scale fast enough to dent Nvidia’s leadership remains an open question. Alphabet clearly benefits, but disruption is far from certain.

When Michael Burry bets against the crowd, markets pay attention. The man who called the subprime mortgage crisis and made over $800 million while the financial system collapsed is now warning that artificial intelligence stocks are the next bubble ready to burst. And he is making this call just as he steps away from the spotlight: on November 10, his hedge fund’s registration was terminated, per SEC records, ending his requirement to file regulatory disclosures.

Neoclouds are fast-growing companies that specialise in leasing clusters of AI chips to firms needing computing power at short notice