India is now the favourite among its Asia-Pacific peers after its stock markets saw record-breaking rises this year. The Nifty 50 index hit yet another top on Tuesday, continuing its trend of setting new records. Now up over 15% so… Read More ›
Regulations & Legal
With Rate Hikes Probably Over, The US Fed Now Considers When To Make Decreases
The U.S. central bank chairman, Jerome Powell, stated that the historic tightening of monetary policy is probably done as inflation declines more quickly than anticipated and that talks about lowering borrowing costs are starting to “come into view” as the… Read More ›
Argentina’s Milei Devalues The Currency Peso As Part Of “Shock Therapy”
According to the new government in Argentina, the value of the country’s currency will drop by more than 50% relative to the US dollar. President Javier Milei claims the nation needs “economic shock therapy” to address its greatest crisis in… Read More ›
US Anticipates Awarding Multibillion-Dollar Chips In The Upcoming Year
Within the next year, U.S. Commerce Secretary Gina Raimondo anticipates making about a dozen funding announcements related to semiconductor chips, including multibillion dollar announcements that have the potential to fundamentally alter U.S. chip production. She made the initial award announcement… Read More ›
As COP28 Approaches Its Climax, Nations Divided Over Fossil Fuels
U.N. climate director Simon Stiell urged nations to cooperate in order to secure a final agreement for the summit, where they were debating whether to demand an end to fossil fuels, as the COP28 climate talks approached their critical point… Read More ›
Argentina’s New President Warns Of An Impending ‘Shock Treatment’ For The Economy
In his first speech as president, Argentina’s new far-right leader has promised to impose “shock treatment” on the economy. “There is no money” is the warning that Javier Milei gave the Argentine people, and he reiterated his commitment to a… Read More ›
Wishing For The $1 Trillion Base Trade To “Soft Land”
As the so-called “basis trade” comes to an end, hedge funds appear to be reducing their historically large short positions in U.S. Treasury futures. Regulators have cautioned that this unwind could seriously jeopardise the integrity of the financial system. With… Read More ›
November Saw A Sharp Increase In China’s Car Sales As The Pricing Battle Heats Up
According to industry data released on Friday, China’s sales of passenger vehicles increased by 25.5% in November compared to the same month last year, surpassing the growth rate of October. This surge was fuelled by automakers stepping up their pricing… Read More ›
Details About The EU AI Act And The Likely Time Of The Regulation Being Enforced
The first-ever artificial intelligence (AI) regulations being negotiated by the European Union appeared to be heading towards a dramatic conclusion on Wednesday as legislators began what many believe will be the last round of talks on the historic legislation. The… Read More ›
Tech Advocacy From Japan Cautions Against The EU Cybersecurity Branding Programme
In a letter to the EU industry leader, the lobby group Japan Association of New Economy joined forces with U.S. Big Tech to express concerns over new cybersecurity labelling laws in the EU, claiming that they could restrict their access… Read More ›
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