As Asia-Pacific markets opened mixed on Monday, investors remained cautious as they awaited key economic data from the U.S. and China later in the week. The election results in France, which signaled a hung parliament, added to the uncertainty in the global markets. France’s left-wing New Popular Front coalition managed to secure the largest number
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In the ever-evolving world of technology, Chinese tech stocks have been making significant strides in the first half of 2025. One such example is Foxconn Industrial Internet, a key iPhone casing supplier that has seen a remarkable 81% surge in the first six months of the year. Analysts at Bank of America Securities have expressed
As Hurricane Beryl made its way through the Caribbean islands earlier in the week, it left a trail of destruction in its wake. The storm caused at least 11 deaths in various countries, including Grenada, St. Vincent and the Grenadines, Venezuela, and Jamaica. The head of Mexico’s civil defense agency reported that while Beryl had
The recent Britain’s election night brought about a major surprise with the right-wing Reform UK party making significant gains. Exit polls suggest that the party led by Nigel Farage is on track to secure 13 seats in the parliament, a stark contrast to its zero seats in the previous general election. The party’s first win
Bitcoin’s price took a hit recently, dropping to around $57,000 per coin as a direct response to the U.S. Federal Reserve’s release of minutes from its June meeting. The news indicated that the central bank is not yet ready to cut interest rates, leading to a lack of investor confidence in the cryptocurrency market. The
Hurricane Beryl has carved a path of unprecedented destruction in the Caribbean, being declared the strongest-ever hurricane in July. The tropical cyclone has broken records left and right, pointing to the alarming effects of climate change. In a region already vulnerable to extreme weather events, the intensity and early arrival of Beryl serve as another
Federal Reserve Chair Jerome Powell recently discussed the progress made on inflation over the past year during a central banking forum in Sintra, Portugal. He expressed satisfaction with the current situation and mentioned that inflation is gradually moving back down to the target of 2%. Powell highlighted the importance of ensuring that inflation is sustainably
Meta, the parent company of Facebook, has come under fire from EU regulators who have accused the tech giant of failing to comply with the bloc’s antitrust rules regarding its new ad-supported subscription model. The European Commission has labeled Meta’s subscription option as a “pay or consent” model, forcing users to either pay for an
The French political landscape is currently abuzz with anticipation as voters prepare to head to the polls for the first round of a snap parliamentary election. President Emmanuel Macron’s decision to call for this election after his Renaissance party suffered a defeat in the European Parliament elections has caught many by surprise. Macron’s motivation behind