Economy
Investors are urging Donald Trump and Xi Jinping to avoid escalating technology and trade tensions during this week’s summit in Beijing, as global markets continue to rally around artificial intelligence. The two leaders are expected to meet on May 14 and 15 in what marks Trump’s first official......
The war in the Middle East has upended global energy markets, but for China the disruption is proving to be an accelerant. As oil-importing nations grapple with crude prices above $110 a barrel and scramble for alternatives to volatile fossil fuel supplies, Chinese electric vehicles, solar panels, and......
Wedbush analyst Dan Ives reaffirmed his Outperform rating and $600 price target for Tesla on Thursday, looking past disappointing first-quarter deliveries to focus on the company's pivot toward autonomous driving, robotaxis, and robotics. "While the delivery numbers were quite disappointing,......
Google, a subsidiary of Alphabet, unveiled TurboQuant on Tuesday, March 24, an algorithm that compresses key‑value cache memory in large language models by a factor of six—and within hours memory and storage stocks were tumbling worldwide. The announcement reignited fears that advances in AI......
Four weeks into the war between the United States, Israel and Iran, the near-total paralysis of the Strait of Hormuz has blocked one third of global seaborne fertilizer trade, triggering a price surge and prompting the United Nations to warn of a "systemic shock" to global food systems as planting......
Asian stock markets declined and oil prices rose on Thursday after Iran rejected a US-backed ceasefire proposal, dimming hopes for a swift resolution to the conflict now entering its fourth week. Japan’s Nikkei 225 slipped 0.3 percent, while South Korea’s Kospi dropped 1.9 percent. Hong......
Oil prices rose sharply on Tuesday as renewed concerns over the Strait of Hormuz erased the previous day’s relief rally, highlighting ongoing disruption in one of the world’s most critical energy corridors. Brent crude climbed nearly 3 percent to around $103 per barrel, while US benchmark......
Elon Musk has reclaimed the title of the world’s richest person for the fifth time in six years, according to the Hurun Global Rich List 2026. The Tesla and SpaceX chief now holds an estimated fortune of $792 billion, marking an annual increase of 89 percent and making him the first individual......
Air China said it and a subsidiary have signed an agreement with Airbus to purchase 60 A320neo aircraft, a deal valued at about 9.5 billion dollars at catalogue prices. The aircraft are scheduled for delivery in batches between 2028 and 2032, according to a filing with the Shanghai Stock Exchange, marking......
Global stock markets drifted lower on Wednesday as investors waited for the Federal Reserve’s final interest rate decision of the year, while silver prices reached unprecedented highs and the Japanese yen weakened sharply. Global markets restrained before Fed move Equities across Europe and Asia......
China’s property market faces fresh doubts as state-backed developer China Vanke seeks bondholder approval to delay repayment on a 2 billion yuan ($282.6 million) onshore bond due December 15. This request marks the first public extension for Vanke, a household name with projects across China’s......
Asian stock markets experienced a sharp decline on Friday, following Wall Street’s steepest losses in over a month. Investor sentiment soured amid growing doubts about the Federal Reserve’s willingness to cut interest rates in December and concerns over inflated valuations of artificial intelligence......
Asian stock markets faced mixed outcomes on Friday, highlighting investor skepticism over the limited scope of a recently announced trade truce between the United States and China. Concerns about slowing global economic growth overshadowed the diplomatic breakthrough. Mixed performance across Asian......
