Economy
Daron Acemoglu, a professor at the Massachusetts Institute of Technology and recipient of the 2024 Nobel Prize in economics, has sharply criticized claims that artificial intelligence could eliminate half of entry level white collar jobs within a few years. He described the warning from Dario Amodei......
Japan’s Nikkei 225 index crossed the 60,000-point threshold for the first time in its history on Thursday, marking a major milestone after decades of market evolution. The benchmark briefly reached an intraday high of 60,013.98 points early in Tokyo trading before reversing course and slipping......
The head of the International Energy Agency has warned that the disruption in the Strait of Hormuz may trigger lasting changes in global energy markets, even if the passage reopens. Executive director Fatih Birol said the era of heavy dependence on a single maritime chokepoint is nearing its end, adding......
Asian equity markets surged to new highs as strong demand for artificial intelligence technologies and easing geopolitical tensions lifted investor sentiment. Japan’s Nikkei 225 closed at a record level, while South Korea’s KOSPI broke above 6,400 points for the first time, driven by gains......
The head of DHL Group has warned that the global economy is approaching a critical threshold as an oil supply deficit linked to the conflict involving Iran disrupts energy flows and trade. Chief executive Tobias Meyer said the impact on logistics operations is already significant, with mounting pressure......
US crude oil inventories posted an unexpected decline of 4.4 million barrels in the week ending April 17, far exceeding market expectations for a one million barrel draw. The drop follows a 6.1 million barrel increase the previous week and reflects growing volatility in global oil markets as disruptions......
Crude exports from Saudi Arabia rose to 7.276 million barrels per day in February, up from 6.993 million in January, reaching their highest level in several years. The increase of 283,000 barrels per day reflects a steady ramp up in output as the kingdom positioned itself amid rising geopolitical tensions......
HSBC and OCBC are advising investors to use recent price swings in gold to build positions, arguing that structural drivers remain supportive despite heightened volatility. Strategists at both institutions point to a weaker US dollar and persistent fiscal risks as key forces underpinning the precious......
Governments across dozens of countries are deploying emergency policies to shield households and businesses from a widening energy crisis triggered by the war involving the United States, Israel, and Iran. The disruption has been amplified by the closure of the Strait of Hormuz, which has removed roughly......
Asia-Pacific and emerging market equities surged on Tuesday, with several benchmark indices reaching new highs as strong demand for artificial intelligence semiconductors combined with cautious optimism over renewed diplomatic engagement between the United States and Iran. The rally restored investor......
Crude imports across Asia are declining as the closure of the Strait of Hormuz approaches its eighth week, exposing the limits of alternative supply routes. Major importers including China, India, South Korea and Japan are struggling to replace Middle Eastern crude that previously moved through the corridor,......
Fatih Birol said the conflict involving Iran and a coalition led by the United States and Israel has created the most severe global energy crisis on record, surpassing both the oil shocks of the 1970s and disruptions linked to the war in Ukraine. Speaking publicly on Tuesday, he said the combined impact......
The conflict involving the United States, Israel and Iran has accelerated global investment in battery storage, intensifying a shift already underway in power systems worldwide. Falling battery costs and rising electricity demand, driven in part by data centers, had set the stage for rapid expansion.......
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