JD.com, one of China’s leading e-commerce platforms, is grappling with increasing challenges as it strives to maintain investor confidence in a rapidly evolving market. The company’s position was further destabilized this week when Walmart, its largest shareholder, announced its complete… Read More ›
Euro zone wage growth slowed in the last quarter, a development that supports the possibility of another interest rate cut by the European Central Bank (ECB) in September. The deceleration in wage growth, which dropped to 3.55% in the second… Read More ›
The escalating mpox outbreaks, marked by new and potentially more severe strains, are sparking concerns among health experts about the adequacy of current containment measures. The World Health Organization (WHO) recently declared mpox a global public health emergency after the… Read More ›
Cryptocurrency company Tether announced on Wednesday its intention to introduce a new stablecoin pegged to the United Arab Emirates (UAE) dirham, aiming to cater to growing demand for Gulf currencies and diversify beyond the U.S. dollar. This move reflects Tether’s… Read More ›
China’s gasoline exports experienced a significant decline of 35.7% in July compared to the previous year, as refiners reduced crude runs and scaled back shipments amid weakening profit margins. According to customs data released on Sunday, gasoline exports stood at… Read More ›
As the cryptocurrency market evolves, hedge funds and investment banks are taking markedly different approaches to crypto exchange-traded funds (ETFs). Following the U.S. Securities and Exchange Commission’s (SEC) approval of bitcoin ETFs in January, traditional financial institutions have gradually entered… Read More ›
The Internet Watch Foundation (IWF) has raised concerns over the spread of child sexual abuse imagery on WhatsApp, urging Meta to implement stronger safeguards to protect children. Despite existing mechanisms, the IWF argues that more needs to be done to… Read More ›
As North Korea gears up to reopen its borders to international tourists, the country has been focusing on expanding its tourism infrastructure, particularly in the mountain city of Samjiyon near the Chinese border. Although the country has largely remained closed… Read More ›
British fintech startup Revolut has reached a significant milestone, achieving a valuation of $45 billion in a recent secondary share sale involving existing and new investors. The company’s valuation marks a substantial increase from the $33 billion it attained in… Read More ›
Global investors showed a strong preference for lower-risk assets, focusing on money market and government bond funds in the week leading up to August 14, as they awaited clearer signals on the state of the U.S. economy. According to data… Read More ›
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