In a dramatic escalation of the ongoing Israel-Hamas conflict, three Israeli hostages were released by the Palestinian militant group Hamas during a live televised event. This handover has raised significant concerns regarding the health and wellbeing of the captives and has reignited fierce discussions about the humanitarian implications of war and the ethics of hostage
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In a significant move, the Reserve Bank of India (RBI) has lowered the key interest rates for the first time since May 2020, marking an important shift in monetary policy. This decision comes in the backdrop of declining inflation rates that have provided the central bank the necessary leeway to stimulate economic growth. Governor Sanjay
French cosmetics powerhouse L’Oreal has recently reported less-than-anticipated sales figures for the fourth quarter, a reflection of ongoing struggles in both the Chinese and U.S. beauty markets. The company revealed sales of 11.08 billion euros (approximately $11.49 billion) for the final quarter, achieving a growth of just 2.5% on a like-for-like basis. This figure falls
Novo Nordisk, a leading player in the pharmaceutical industry, has witnessed a compelling surge in its stock prices following the announcement of its fourth-quarter results, which surpass analysts’ expectations. The Danish pharmaceutical giant reported a remarkable 29% year-on-year increase in net profit, amounting to 28.23 billion Danish kroner ($3.98 billion), exceeding the forecast of 26.09
Alphabet Inc., the parent company of Google, reported its fourth-quarter earnings, leading to a significant decline of over 9% in its shares during after-hours trading. The report highlighted a disconnect between revenue expectations and actual performance, along with ambitious plans for future investments in artificial intelligence technology. While Alphabet managed to exceed earnings per share
Inflation within the eurozone accelerated unexpectedly in January, reaching 2.5% on an annual basis, as reported by Eurostat. This figure surpassed the anticipated rate of 2.4%, which had been predicted by economists, indicating a notable shift in economic conditions. Particularly significant is the rebound in energy prices, which saw a substantial jump of 1.8% year-over-year,
As a new month dawns, stock futures have plummeted significantly, signaling deepening concerns among investors. The abrupt decision to impose new tariffs on goods from key trading partners, including Mexico, Canada, and China, has caught market participants off guard. The Dow Jones Industrial Average futures have fallen by 528 points, translating to a sharp decline
In recent weeks, the spotlight has been on Singapore and its relationship with U.S. export controls amid unfolding developments surrounding DeepSeek, a Chinese technology company. The Ministry of Trade and Industry (MTI) of Singapore has emphasized the necessity for compliance among U.S. companies operating in the region, particularly in light of questions surrounding the chips
In a significant shift in trade policy, the White House officially announced that President Donald Trump would impose substantial tariffs on key U.S. trading partners, including Canada, Mexico, and China. This decision, confirmed by White House Press Secretary Karoline Leavitt, includes a staggering 25% tariff on both Canada and Mexico and a 10% duty on
In a stark reflection of the turbulent energy market dynamics, British oil powerhouse Shell has released its annual profit figures for 2024, revealing a significant decline that has raised eyebrows across the industry. Whilst Shell reported adjusted earnings of $23.72 billion for the year, it marks a drop from the previous year’s $28.25 billion. This