The largest white diamond ever auctioned will go under the hammer in Geneva next week, as part of a sale by Christie’s that features two stones weighing more than 200 carats each. Christened as “The Rock”, the 228.31 carat pear-shaped… Read More ›
Strategy
North Korea fires its first Submarine Launched Ballistic Missile: South Korean Military
In a statement South Korea’s military said, North Korea has fired a ballistic missile on Saturday. The development comes three days ahead of the inauguration of South Korean president-elect Yoon Suk-yeol, who has vowed to take a stronger stand against… Read More ›
Block Inc reports Q1 operating profit of $195M
In a statement Block Inc reported a first-quarter operating profit that has topped analysts’ estimates. With the news reaching the market, Block’s shares rose by 10% in extended trading. Block also reported a lower-than-anticipated adjusted profit after demand for bitcoin weakened… Read More ›
Germany will supply LNG to eastern EU states: German Chancellor Olaf Scholz
In a statement German Chancellor Olaf Scholz said, Berlin will help provide eastern European Union states which don’t have access to ports to the North or Baltic seas with liquefied natural gas (LNG). Scholz made the comments after having emerged… Read More ›
British Airways reports Q1 operating loss at 731M euros, expects to be profitable from Q2 onwards
On Friday, IAG, the owner of British Airways said, during the first quarter of this year, it saw a strong recovery in business travel and that it expects to be profitable from the second quarter onwards for the full year…. Read More ›
Japan witnessing accelerated price rise
According to Japanese government data, core consumer prices in Japan have shot up by 1.9% in April compared from a year earlier. Core consumer prices are a leading indicator of Japanese price trends. The increase in core consumer prices, fuelled… Read More ›
Former Vice President of China Development Bank charged with taking bribe
On Friday, a report from China’s official Xinhua news agency said, He Xingxiang, a former vice president of China Development Bank (CDB), has been charged for taking bribes. “He has also been charged for issuing financial bills in violation of… Read More ›
Boris Johnson’s Conservatives Party suffers from early losses in local elections
Results of early local elections in Britain are showing Boris Johnson’s Conservatives Party suffering early losses in a ballot held against the backdrop of Western sanctions against Russia fuelling inflation in the country resulting in the rise of the cost… Read More ›
Japan Claims Following Up On Russia’s Oil Embargo Will Be Challenging
Japan’s economy, commerce, and industry minister, Koichi Hagiuda, warned on Thursday that immediately following on a move to cut off Russian oil supplies over the Russian invasion of Ukraine would be “tough.” After the European Union’s executive recommended the strongest package of… Read More ›
Asian Stocks See Significant Outflows In April For The Fourth Month In A Row
Predictions of a hawkish Fed policy and fears about the impact of China’s lockdowns on regional economy caused Asian equities to suffer large foreign capital outflows in April. Refinitiv data for stock exchanges in Taiwan, India, South Korea, the Philippines, Vietnam, Indonesia,… Read More ›
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