In recent days, the streets of Tbilisi, Georgia’s capital, have become battlegrounds for a populace demanding accountability and change from their government. Following the administration’s decision to suspend negotiations for European Union membership, large-scale protests erupted, revealing deep-seated frustrations among citizens. As tens of thousands took to the streets, the situation escalated into violence, resulting
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In a shocking development that has reverberated throughout the Middle East, insurgent forces have reinitiated combat operations in Aleppo, Syria’s largest city, marking the first significant clashes with government troops since 2016. This escalation has not only unsettled the residents of Aleppo, sending many fleeing their homes, but it has also raised alarming questions about
India’s economy has recently shown a disappointing growth rate of 5.4% for the second fiscal quarter ending in September, a figure that is markedly lower than the anticipated 6.5% and notably a decline from the 6.7% growth recorded in the previous quarter. This stark contrast not only suggests that the recovery momentum might be losing
In an unexpected financial maneuver, the Bank of Korea (BOK) chose to lower its benchmark interest rate by 25 basis points, an action that aims to stimulate a lagging economy. This decision, made on Thursday, marks a significant historical precedent as it is the first instance of consecutive rate reductions by the BOK since 2009.
China’s economy is currently facing significant headwinds, particularly as indicated by the industrial profit downturn reported in October. With a striking 10% decrease compared to the same month last year, this figure reflects ongoing struggles despite government efforts to stimulate economic recovery. The National Bureau of Statistics (NBS) revealed that this marks the third consecutive
In a bold and controversial move, President-elect Donald Trump has announced plans to impose additional tariffs on imports from China, increasing the existing pressures between the two economic giants. Through a post on his social media platform, Truth Social, Trump revealed his intention to implement a 10% tariff on all Chinese goods entering the United
The financial markets have exhibited a notable rally, propelled by the news of President-elect Donald Trump’s Treasury Secretary choice, Scott Bessent. This resurgence has led to unprecedented highs for major market indices, including the Dow Jones Industrial Average and the S&P 500. The overwhelming optimism among investors highlights a shift in sentiment as they anticipate
In the wake of President-elect Donald Trump’s introduction of the Department of Government Efficiency (DOGE), investors are bracing for potential turbulence in the market, especially among companies dependent on federal contracts. According to an analysis from TD Cowen, the emphasis on cost-cutting by DOGE creates a complex environment for government contractors who may face shrinking
With Donald Trump’s presidential election victory, the stage has been set for significant shifts in U.S. economic strategies. One of the critical appointments in his cabinet is the Secretary of the Treasury, a role that bears immense responsibility in shaping domestic and international financial policies. Recently, Trump indicated his preference for Scott Bessent, a hedge
Japan’s economy is currently navigating a notable shift in inflation rates, with headline inflation decreasing to 2.3% in October—its lowest level since January. This drop, from September’s 2.5%, signifies a cooling trend that has captured the attention of economists and policymakers alike. Simultaneously, the core inflation rate, which notably excludes fresh food prices, also landed