Author Archives
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Rise In Cryptocurrency Scams Drives $5.6 Billion In Losses In 2023
Losses from cryptocurrency-related fraud surged by 45% in 2023, reaching over $5.6 billion, as scammers increasingly exploited the rapid and irreversible nature of digital asset transactions. The U.S. Federal Bureau of Investigation (FBI) reported on Monday that the rise in… Read More ›
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Asian Markets Struggle Amid U.S. Economic Data Anticipation and European Political Uncertainty
Asian share markets showed little momentum on Monday as investors across the region remained cautious, bracing for a week packed with critical economic data that could influence the trajectory of U.S. interest rates. The anticipation surrounding a crucial U.S. jobs… Read More ›
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Asian Manufacturing Shows Signs Of Recovery Amid Economic Challenges And Global Uncertainties
Asian manufacturing sectors, particularly in China, displayed tentative signs of recovery in August, with chipmakers benefitting from strong global demand. However, the broader economic outlook remains uncertain due to several looming challenges, including the potential slowdown in U.S. growth and… Read More ›
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China Faces Growing Pressure As Manufacturing Activity Hits Six-Month Low
China’s manufacturing sector sank to its lowest point in six months this August, as factory gate prices plummeted and manufacturers struggled to secure new orders, according to an official survey released on Saturday. The continued decline in manufacturing activity is… Read More ›
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U.S. Consumer Spending Surge Signals Economic Resilience Amid Inflationary Concerns
U.S. consumer spending experienced a robust increase in July, reinforcing the notion that the economy maintained its strength in the early part of the third quarter. This development has led to speculation that the Federal Reserve may reconsider a half-percentage-point… Read More ›
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US Fed Shifts Focus To Labor Market As Inflation Eases, Signaling Potential Rate Cuts
As the Federal Reserve prepares for its upcoming policy meeting in September, new data reveals that inflation is continuing to ease, paving the way for a potential interest rate reduction. The Federal Reserve’s focus is now shifting from battling inflation… Read More ›
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Foreign Banks Eye Indian Market Amid Economic Boom, But Face Regulatory And Valuation Hurdles
Amid India’s rapid economic growth, foreign banks from Japan and the Middle East are showing increased interest in acquiring controlling stakes in two prominent Indian banks—Yes Bank and IDBI Bank. This potential investment surge highlights India’s appeal as a burgeoning… Read More ›
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China Shifts Lending Strategy In Africa, Focuses On Financial Institutions And Renewable Energy
China’s approach to financing in Africa is undergoing a notable transformation, as evidenced by a significant increase in loan approvals to the continent in 2023. After several years of declining financial support, Chinese lenders approved $4.61 billion in loans last… Read More ›
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China Escalates Trade Tensions With EU Through Expanded Anti-Subsidy Probes
China has escalated its trade tensions with the European Union (EU) by launching an anti-subsidy probe into imported dairy products from the bloc. This move follows closely on the heels of the European Commission’s release of a revised draft decision… Read More ›
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South Korea’s Escalating Battle Against Sexual Deepfake Content: Government Demands Stronger Platform Cooperation
South Korean authorities have intensified their efforts to combat the proliferation of sexually explicit deepfake content by calling on major social media platforms like Telegram, X, Meta’s Facebook and Instagram, and Google’s YouTube to collaborate more effectively in removing and… Read More ›
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