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China has contributed less to global growth this year than the U.S. despite Beijing's frequent criticism of protectionism, according to a Wall Street Journal analysis citing new research from Goldman Sachs economists. U.S. imports are up 10% so far this year compared to a year earlier, while China's imports have fallen 3% in dollar terms. Goldman's economists found that the historical relationship between Chinese growth and global growth has turned negative; where 1% more Chinese output once raised world output by 0.2%, the bank now projects. China will grow about 0.6 percentage points faster annually over the next few years while reducing the rest of the world's growth by 0.1 point per year. China's current account surplus could reach 1% of world GDP by 2029, Goldman estimates, larger than any country's since the late 1940s. China now accounts for 17% of global GDP.

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Denmark's postal service, established by King Christian IV four centuries ago as one of Europe's first modern mail systems, will stop delivering letters on December 30, ending a tradition that once saw riders given a maximum of 45 minutes to cover each 10-kilometer stretch of routes running from Hamburg to Norway. PostNord, the postal service Denmark has shared with Sweden since 2009, started removing its 1,500 remaining red post boxes in June; a handful will go to museums. Letter volumes collapsed from nearly 1.5 billion in 2000 to 110 million last year. A standard stamp now costs 29 Danish kroner ($4.52). A private logistics firm called DAO will take over letter delivery. PostNord will continue handling parcels. The decision has rattled postal services elsewhere in Europe. Deutsche Post in Germany, still delivering 61 million letters daily, has warned it faces the same trends.

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Dollar General and Family Dollar stores have collectively failed more than 6,400 government price-accuracy inspections since January 2022, charging customers more at checkout than the prices displayed on shelves for everything from frozen pizzas to puppy food, according to an investigation by the Guardian. The review examined records from 45 states and more than 140 counties and cities. Dollar General stores failed over 4,300 inspections across 23 states, and Family Dollar failed more than 2,100 in 20 states. Error rates at the worst-performing locations reached staggering levels -- 76% at a Dollar General in Hamilton, Ohio and 68% at a Family Dollar in Bound Brook, New Jersey. A Family Dollar in Provo, Utah failed 28 consecutive inspections. Industry watchers, employees and lawsuits attribute the discrepancies to minimal staffing. Registers update automatically when prices change, but shelf labels require manual replacement, and workers often lack the time. State attorneys general have pursued settlements -- Arizona reached a $600,000 deal with Family Dollar in May, Colorado settled with Dollar General for $400,000 in October and Ohio secured $1 million from Dollar General after finding error rates as high as 88%. Both companies declined interview requests but said they remain committed to pricing accuracy.

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Google said it's working to create two different categories of artificial intelligence-powered smart glasses to compete next year with existing models from Meta Platforms: one with screens, and another that's audio focused. From a report: The first AI glasses that Google is collaborating on will arrive sometime in 2026, it said in a blog post Monday. Samsung Electronics, Warby Parker and Gentle Monster are among its early hardware partners, but the companies have yet to show any final designs. Google also outlined several software improvements coming to Samsung's Galaxy XR headset, including a travel mode that will allow the mixed-reality device to be used in cars and on planes.

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A powerful magnitude 7.6 earthquake has shaken Japan, prompting tsunami warnings and orders for residents to evacuate. From a report: A tsunami as high as 3 metres (10ft) could hit the country's north-eastern coast after the earthquake occurred offshore at 11.15pm local time (2.15pm GMT), the Japan Meteorological Agency (JMA) said. Tsunami warnings were issued for the prefectures of Hokkaido, Aomori and Iwate, and tsunamis from 20-50cm (7-18in) high were observed at several ports, JMA said. The epicentre of the quake was 50 miles (80km) off the coast of Aomori prefecture, at a depth of 30 miles, the agency added. On Japan's one-to-seven scale of seismic intensity, the tremor registered as an "upper six" in Aomori prefecture -- a quake strong enough to make it impossible to keep standing or move without crawling. In such tremors, most heavy furniture can collapse and wall tiles and windowpanes are damaged in many buildings.

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An investigation has revealed how stablecoins -- cryptocurrencies pegged to the US dollar that exist largely beyond traditional financial oversight -- have become a practical tool for criminals and sanctioned individuals to move funds across borders almost instantly and convert them back into spendable money, often without detection. A Chainalysis report from February estimated that up to $25 billion in illicit transactions involved stablecoins last year. A New York Times reporter tested the system by converting $40 cash at a crypto ATM in Weehawken, New Jersey, into stablecoins and then using a Telegram bot to generate a Visa payment card without any identity verification. The card-issuing service, WantToPay, is incorporated in Hong Kong and led by a Russian entrepreneur in Thailand; it advertises to Russians blocked by US sanctions. Britain last month arrested members of a billion-dollar money laundering network that had purchased a bank in Kyrgyzstan to convert proceeds from drug trafficking and human trafficking into Tether, the most popular stablecoin. Further reading: China's Central Bank Flags Money Laundering and Fraud Concerns With Stablecoins.

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Tech giants including Meta, Alphabet, Microsoft and Amazon have all extended the estimated useful lives of their servers and AI equipment over the past five years, sparking a debate among investors about whether these accounting changes are artificially inflating profits. Meta this year increased its depreciation timeline for most servers and network assets to 5.5 years, up from four to five years previously and as little as three years in 2020. The company said the change reduced its depreciation expense by $2.3 billion for the first nine months of 2025. Alphabet and Microsoft now use six-year periods, up from three in 2020. Amazon extended to six years by 2024 but cut back to five years this year for some servers and networking equipment. Michael Burry, the investor portrayed in "The Big Short," called extending useful lives "one of the more common frauds of the modern era" in an article last month. Meta's total depreciation expense for the nine-month period was almost $13 billion against pretax profit exceeding $60 billion.

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