Defence companies’ earnings are beginning to rise in response to Russia’s invasion of Ukraine in 2022, as clients including the US government replenish supplies sent to Ukraine and nations in Europe arm themselves in anticipation of Moscow’s aggressions. U.S. defence… Read More ›
The core consumer inflation rate of the Japanese capital Tokyo, which is seen as a leading indication of national trends, surprisingly increased in October, which signaled the expansion of price pressures which in turn is expected to sustain anticipations of… Read More ›
September saw advances at China’s industrial companies continue for a second month, adding to indications of a stabilising economy as the government implemented a flurry of pro-business policy initiatives. The unexpected 17.2% increase in August and September’s higher-than-expected industrial and… Read More ›
China’s post-pandemic rebound swiftly faded, prompting the country to implement a plethora of policy initiatives aimed at reviving a flagging economy in recent months. With the help of the government, the second-biggest economy in the world expanded more quickly in… Read More ›
Tuesday saw a nearly 10% increase in bitcoin to $34,872, the highest level in almost a year and a half due to growing rumours that an exchange-traded fund is on the verge of being launched. That came after a 10%… Read More ›
Three well-known cryptocurrency companies have been charged by US prosecutors with cheating investors out of almost $1 billion. Gemini, a cryptocurrency exchange, was accused by New York Attorney General Letitia James of misleading clients about the dangers of an investment… Read More ›
Industry executives and analysts warned that China’s decision to stop exporting graphite, a crucial component for electric car batteries, on Friday will only speed up attempts to find alternate sources and materials, but that process will take time. As on… Read More ›
According to commercial insurance market Lloyd’s of London, a significant cyberattack on a financial sector payments system may result in losses of $3.5 trillion globally, most of which would not be covered by insurance. A systemic risk scenario created by… Read More ›
Chinese producers of chip-making tools are profiting from the United States’ tightening restrictions on China’s semiconductor industry; orders from the nation’s foundries have increased recently. As chipmakers scramble to replace foreign-produced equipment with domestically built alternatives, domestic equipment manufacturers, such… Read More ›
The Biden administration announced on Tuesday that as part of a series of steps to prevent Beijing from obtaining cutting-edge American technologies to bolster its military, it intends to prohibit shipments of more sophisticated artificial intelligence chips made by Nvidia… Read More ›
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