The artificial intelligence boom shows no sign of slowing, with global spending on AI infrastructure set to surpass $600 billion this year. Yet beneath the […]
Category: News
IMF Slashes Global Growth Forecast to 3.1% as Middle East War Intensifies
The International Monetary Fund has sharply cut its outlook for the world economy, warning that the ongoing conflict in the Middle East has thrown global […]
Powell Faces Political Pressure as Fed Weighed Down by Division
The US Federal Reserve is facing a stark division within its ranks as it prepares for a highly anticipated policy decision, leaving investors on high […]
China’s Export Growth Slows Amid U.S. Trade Tensions and Fading “Frontloading”
China’s economic recovery has hit a bump, with official data showing that export growth in August was significantly lower than analysts had expected. The slowdown, […]
Trump Says He Is Firing Federal Reserve Governor, in Latest Escalation Against Central Bank
US President Donald Trump has announced he is firing Federal Reserve Governor Lisa Cook, a dramatic and unprecedented move that escalates his conflict with the […]
Global Trade Uncertainty Persists Despite New Agreements, ECB President Warns
The President of the European Central Bank (ECB), Christine Lagarde, has issued a stark warning that global trade uncertainty continues to weigh on the world […]
China Weighs Yuan-Backed Stablecoins in Bid for Global Currency Influence
In a potentially landmark policy reversal, China is considering the legalization of yuan-backed stablecoins as part of a new, concerted effort to expand the global […]
UK Inflation Rises to 3.8% in July, Raising Doubts on Rate Cuts.
The UK’s inflation rate has unexpectedly risen to 3.8% in the year to July, up from 3.6% in June, according to the latest figures from […]
Big Tech Falters Amid Inflation Relief and Taiwan Tensions
Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This […]
Indian Markets Plunge as BJP Falls Short in Election Results
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.