“ Russian President Vladimir Putin attended the BRICS Business Forum in Moscow, Russia on October 18, 2024. The BRICS group is expected to drive most of the global economic growth in the upcoming years due to its size and rapid growth compared to developed Western nations, as stated by Russian President Vladimir Putin. Putin aims … Read more
Asia shares fluctuated on Monday, with pressure from weakness in Chinese stocks, while bitcoin reached a three-month peak as Trump trades continued to gain momentum. Gold reached another record high due to conflict in the Middle East and the closely contested U.S. presidential election, with the yellow metal expected to remain popular amid global uncertainty. … Read more
Investing.com– Most Asian currencies were trading within a narrow range on Monday, with the yuan holding steady after the People’s Bank of China cut interest rates slightly more than anticipated. Meanwhile, the dollar remained close to recent highs. Regional currencies had been under pressure in recent weeks as expectations of smaller U.S. interest rate cuts … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wes Streeting, UK health secretary, will on Monday launch a “national conversation” about the future of the National Health Service, which he said was in “an awful state”. Streeting has called on clinicians, experts and … Read more
“ Republican presidential nominee Donald Trump took over the fry station at a McDonald’s in Pennsylvania before holding an impromptu news conference through the drive-thru window. As onlookers watched, Trump learned how to prepare fries, expressing surprise that he didn’t have to touch them with his hands. He even joked about the expertise required to … Read more
Israel’s Prime Minister Benjamin Netanyahu delivered a speech at the 79th United Nations General Assembly in New York on September 27, 2024. According to reports, a drone was launched towards Netanyahu’s house in Israel, but fortunately, there were no casualties. This incident occurred as Iran’s supreme leader vowed that Hamas would continue its fight against … Read more
China has lowered benchmark lending rates as expected at the monthly fixing on Monday, following previous reductions to other policy rates last month as part of a stimulus package to revive the economy. The one-year loan prime rate (LPR) was decreased by 25 basis points to 3.10% from 3.35%, while the five-year LPR was also … Read more
By Colleen Howe BEIJING (Reuters) – Oil prices stabilized at the beginning of the week after experiencing a more than 7% decline last week due to concerns about demand in China, the world’s largest oil importer, and a reduction in worries about potential supply disruptions in the Middle East. Crude oil futures increased by 8 … Read more
The Editor’s Digest can be accessed for free Roula Khalaf, the Editor of the FT, shares her favorite stories in this weekly newsletter. A recent survey has revealed that the top 10 UK law firms are now charging clients nearly 40% more per hour compared to five years ago. This increase in fees can be … Read more
Israel’s military has announced that it is now targeting Hezbollah’s financial arm in Lebanon and will be attacking numerous targets in Beirut and other areas. Subsequently, explosions were reported in Beirut’s southern suburbs. Evacuation warnings have been issued for southern Beirut, the eastern Bekaa valley, and parts of southern Lebanon. The attacks will focus on … Read more