Author Archives
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U.S. Shifts Stance To Support Global Plastic Production Caps Ahead Of UN Treaty Negotiations
The United States is set to support a significant global treaty aiming to reduce annual plastic production, marking a major shift from its previous stance, according to a source close to U.S. negotiators who spoke to Reuters on Wednesday. This… Read More ›
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UBS CEO Predicts Higher Market Volatility, Downplays U.S. Recession Risks
UBS CEO Sergio Ermotti stated Wednesday that while he anticipates increased market volatility in the latter half of the year, he does not foresee an imminent recession in the U.S. Despite recent sharp sell-offs in global equities triggered by weaker-than-expected… Read More ›
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Gaming Industry Faces Reset Amid Weak Console Sales, Major Releases Ahead
The global video game market is poised for modest annual growth this year, reflecting a slowdown in console sales, according to a recent report by market research firm Newzoo. In a blog post released Tuesday, Newzoo projected a 2.1% year-over-year… Read More ›
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Hindenburg Research Targets SEBI Chief Over Alleged Offshore Links Amid Ongoing Adani Group Controversy
India’s stock market has been abuzz, not just due to investor interest but primarily because of allegations against Madhabi Puri Buch, the chief of the Securities and Exchange Board of India (SEBI). The controversy erupted after Hindenburg Research, a U.S.-based… Read More ›
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Chinese Investors’ Growing Demand for Offshore Investments Strains QDII Quotas Amid Local Market Uncertainty
The rising demand from Chinese investors for offshore investments has led foreign banks and fund managers to struggle with limited outbound-investing quotas, despite recent selloffs in U.S. and Japanese markets. Firms utilizing China’s Qualified Domestic Institutional Investor (QDII) program are… Read More ›
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IEA Revises 2025 Oil Demand Growth Amidst China’s Economic Slowdown
The International Energy Agency (IEA) maintained its 2024 global oil demand growth forecast but adjusted its 2025 estimate downward, attributing the revision to the weakened Chinese economy. The IEA’s monthly report highlighted that China’s post-COVID economic surge has waned, significantly… Read More ›
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Samsung Faces Worker Strike Over Wage Dispute As Union Plans Strategic Action
Samsung Electronics’ largest workers’ union in South Korea announced on Tuesday that it would initiate a four-day strike starting Thursday, aimed at pressuring the company for higher wages and bonuses after negotiations with management failed in July. Lee Hyun-kuk, vice… Read More ›
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Innovation And Efficiency Propel U.S. Shale Oil Output Amid Global Supply Shifts
The latest data reveals that advanced operating efficiencies in the U.S. shale sector are driving increased oil production without additional spending. This surge in output is set to influence global oil markets as OPEC prepares to unwind its output cuts… Read More ›
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‘Superfood’ Makhana Cultivation Transforms Farming Practices and Increases Profitability in India’s Bihar
Phool dev Shahni, like his father and grandfather before him, once earned his livelihood by diving into 8-foot-deep muddy ponds to harvest makhana, or lotus seeds. “I used to dive in 7 to 8 feet of water for hours a… Read More ›
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FTX Ordered To Repay $12.7 Billion To Customers Amid Bankruptcy Settlement
A U.S. court has mandated that bankrupt cryptocurrency exchange FTX pay $12.7 billion in relief to its customers, the Commodity Futures Trading Commission (CFTC) announced on Thursday. The ruling follows accusations that FTX lured customers with a false sense of… Read More ›
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