In an unexpected turn of events, Aleppo, Syria’s largest city, has once again become a focal point of conflict as insurgent forces have made significant inroads against government troops, marking the first clashes in over seven years. This resurgence has heightened tensions not only within Aleppo but also in a region already burdened by multiple
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India’s economy has shown signs of significant strain, registering a mere 5.4% growth in the second fiscal quarter that ended in September. This performance is a stark contrast to the more robust 6.7% growth seen in the previous quarter and falls short of the anticipated 6.5% growth predicted by analysts. The Reserve Bank of India
In a move that caught many analysts off guard, the Bank of Korea (BOK) announced a 25 basis point decrease in its benchmark interest rate on Thursday. This action marks a significant monetary policy shift for South Korea, especially as it represents the first instance of consecutive rate cuts since the aftermath of the global
In a disheartening trend for China’s economy, industrial profits have fallen by 10% in October compared to the previous year, marking the third consecutive month of decline. This drop follows a staggering 27.1% decrease in September, which represents the most significant downturn since March 2020. Such a continuous slide in corporate earnings is alarming and
In a significant move signaling a hardline stance on trade, President-elect Donald Trump recently declared plans to impose an additional 10% tariff on all goods imported from China. This announcement, made via his social media platform Truth Social, was accompanied by plans to increase tariffs on products from Mexico and Canada as well. As Trump
On a day marked by optimism, the financial markets celebrated significant achievements as the Dow Jones Industrial Average, S&P 500, and Russell 2000 indices all reached unprecedented heights. This surge was fueled by a wave of investor confidence following President-elect Donald Trump’s announcement of his Treasury Secretary selection, Scott Bessent. Market participants speculated that Bessent’s
The recent establishment of the Department of Government Efficiency (DOGE) under President-elect Donald Trump has raised eyebrows among investors, particularly those with stakes in government contracting. As outlined by TD Cowen’s analyst Roman Schweizer, the consequences of this department’s mandate could have wide-ranging impacts on various sectors, primarily those heavily dependent on federal contracts. The
As President-elect Donald Trump prepares to take office, one of his most consequential decisions lies in the nomination of Scott Bessent for Treasury Secretary. A seasoned hedge fund executive and founder of Key Square Group, Bessent’s appointment positions him as a pivotal figure who will navigate the complexities of U.S. fiscal policy during a time
In October, Japan witnessed a decline in its headline inflation rate, dropping to 2.3%. This marks the lowest level since January and is a decrease from the 2.5% recorded in September. Interestingly, the core inflation rate, which excludes volatile fresh food prices, remained at 2.3%, a slight dip from the previous month’s 2.4%. This scenario
In the third quarter of 2023, Baidu, the Chinese technology titan renowned for its advancements in artificial intelligence (AI) and cloud computing, reported a revenue decline of 3% year-on-year, amounting to $4.78 billion. Although this figure may initially strike one as disappointing, it actually surpassed analyst predictions, reflecting the resilience of the company’s undertakings in