South Korea’s convenience stores have added a unique item to their menu – gold bars. This new phenomenon has taken the country by storm, with customers flocking to purchase these mini gold bars from the shelves of CU outlets. Not only are they selling like hotcakes, but they also come in a variety of sizes
World
As markets in the Asia-Pacific region gear up to extend gains from the previous session, there is a cautious sense of optimism lingering. The upward trend follows Wall Street’s rise overnight, driven by expectations of potential interest rate cuts by the Federal Reserve. This anticipated move has sparked a positive sentiment among investors, prompting them
Asia-Pacific markets experienced a boost on Monday as they mirrored the gains seen on Wall Street. This surge in optimism came following a softer-than-expected U.S. jobs report, leading investors to believe that the Federal Reserve may soon cut rates. As market participants eagerly awaited key events such as the Reserve Bank of Australia’s rate decision
The interactions between Europe and China have been increasingly complex, with economic ties playing a significant role in the relationship. The EU-China trade, estimated at 2.3 billion euros per day, demonstrates the extensive economic interactions between the two regions. However, this economic interdependence is now intertwined with geopolitical concerns. European carmakers are facing challenges from
In the first quarter, Warren Buffett’s Berkshire Hathaway made headlines by trimming its gigantic Apple stake. The move signaled a shift in the investment strategy of the “Oracle of Omaha,” who has been known for his long-term approach to investing. Berkshire reported that its Apple bet was worth $135.4 billion, a decrease of around 13%
The European Central Bank (ECB) is expected to diverge from the Federal Reserve in terms of interest rate cuts, a move that could have particularly negative consequences for the 20-nation euro zone. According to economist Daniel Lacalle, the ECB is likely to cut interest rates in June while the Federal Reserve has decided to hold
The recent accusation by the U.S. against Russia for using chemical weapons against Ukrainian troops has escalated tensions between the two nations. The U.S. State Department released a statement accusing Russia of violating the Chemical Weapons Convention by using chloropicrin, a choking agent, against Ukrainian forces. This accusation has led to the imposition of more
Luxury carmaker Aston Martin has been facing significant financial challenges in recent times. In the first quarter of the year, the company reported widening losses, with an adjusted loss before tax nearly doubling to £110.5 million compared to the previous year. This significant increase in losses has raised concerns among investors and analysts alike. Revenue
Dubai, known for its grand and ambitious projects, has once again captured the world’s attention with its approval of a 128 billion dirham ($35 billion) plan to build a new passenger terminal at Al Maktoum International Airport. This new terminal is set to be five times larger than Dubai’s current main international airport, making it
The Japanese yen has been experiencing significant fluctuations against the U.S. dollar, with the exchange rate recently hitting 160.03, the weakest level since April 1990. The currency’s slide can be attributed to various factors, including the Federal Reserve rate cut expectations being pushed back, continued strength in the greenback, and the Bank of Japan’s decision