The CEO of UBS, Sergio Ermotti, believes that the battle against inflation is far from over. He expressed his thoughts on the market’s anticipation of an aggressive rate cut by the U.S. Federal Reserve, stating that the expectations might be premature. According to Ermotti, the market seems to be getting ahead of itself in predicting
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During the recent presidential debate, Donald Trump made it clear that he was in favor of increasing trade duties on China. He defended his decision to impose blanket tariffs ranging from 10% to 20% and additional tariffs of 60% to 100%, stating that other countries owe the United States for their past actions. Trump emphasized
In a long-standing legal battle that has spanned over a decade, the European Court of Justice has ruled against tech giant Apple in its tax affairs case in Ireland. The decision comes in the wake of Apple’s announcement of new product offerings, signaling a shift in focus for the company. Apple’s shares saw a 1%
The possibility of a jumbo 50 basis point rate cut by the U.S. Federal Reserve has sparked heated discussions among analysts. Michael Yoshikami, CEO of Destination Wealth Management, believes that such a move would showcase the central bank’s readiness to address economic challenges without necessarily indicating a more severe downturn. He even suggested that the
On a grim Sunday at the Allenby Bridge Crossing between the West Bank and Jordan, tragedy struck as three Israeli civilians lost their lives in a violent incident. According to Israeli officials, the attack seemed to be connected to the ongoing 11-month war in Gaza. The assailant, driving a truck, approached the crossing from the
In the fall of 2022, CIA Director William Burns expressed his concern about the real risk of Russia potentially using nuclear weapons on the battlefield against Ukraine. This raised alarm bells across the international community, highlighting the volatile situation in the region. Burns emphasized the need to not underestimate the risks of escalation and the
The Dutch government recently announced the expansion of export restrictions on advanced semiconductor manufacturing equipment, with more of ASML’s machines falling under these curbs. This decision was made in the interest of national security, recognizing the increased security risks associated with the export of such manufacturing equipment. Reinette Klever, the minister of foreign trade and
Mixed reality technology is rapidly evolving, with major players in the tech industry exploring new ways to bring this innovative technology to the masses. Qualcomm CEO Cristiano Amon recently revealed that the chip designer is teaming up with Samsung and Google to develop a set of mixed-reality glasses that will be linked to smartphones. This
The Asia-Pacific markets took a hit on Wednesday, with Japan’s Nikkei 225 leading the decline. The index was down 3.19%, causing a ripple effect across the region. The sell-off in U.S. tech stocks and weak economic data fueled fears of a recession, which further exacerbated the situation in the Asia-Pacific markets. Semiconductor-related stocks saw significant
China’s housing market has been facing ongoing challenges despite various government stimulus and support measures that have been implemented. According to Haibin Zhu, chief China economist at JPMorgan, the housing market crash is far from over and home prices are not expected to stabilize until at least 2025. Recent data shows only minimal growth in