World

Japanese stocks took a hit as the Nikkei 225 extended its six-day losing streak by plunging 3%. This decline was led by heavy losses in Nikkei heavyweight SoftBank Group, which nosedived 9%. Additionally, Renesas Electronics saw a more than 14% drop in its stock price. The broader Topix index also fell by 2.24%. Adding to
The recent news of U.S. President Joe Biden dropping out of the presidential race and endorsing Vice President Kamala Harris as the Democratic nominee has sent shockwaves through the Asia-Pacific markets. This unexpected turn of events was further compounded by China’s central bank deciding to cut rates on Monday. The short term 7-day reverse repurchase
A recent update by cybersecurity firm CrowdStrike resulted in a major outage that affected businesses worldwide. According to NBC, CrowdStrike is now working on rolling back the update that caused the issue. The outage was not attributed to a hack or any malicious action, but rather a technical glitch that caused significant disruptions in various
Former U.S. President Donald Trump recently made controversial comments regarding Taiwan’s role in U.S. defense. He suggested that Taiwan should pay the U.S. for defense, arguing that the country “doesn’t give us anything.” This statement raises questions about the nature of international relations and the obligations countries have towards each other in times of need.