The snap presidential elections in Iran have revealed a close race between a low-key moderate candidate, Massoud Pezeshkian, and a hardline contender, Saeed Jalili. More than 14 million votes have been counted, with Pezeshkian securing over 5.9 million votes and Jalili receiving over 5.5 million votes, according to provisional results by the interior ministry. The
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France’s parliamentary election has sent shockwaves through the investment community as the country’s risk premium continues to rise. While the market has priced in some possible outcomes, there are still scenarios that have not been fully taken into consideration. This uncertainty could have a significant impact on stocks in the broader European region, according to
H&M, the world’s second-largest retailer, experienced a significant setback as its shares plummeted by over 14% following a disappointing second-quarter financial report. Despite an increase in profits compared to the same period last year, the operating profit fell short of analysts’ expectations. This unexpected turn of events raised concerns among investors and led to a
In a recent survey conducted by the China General Chamber of Commerce in the U.S., it was found that a majority of Chinese enterprises remain optimistic about the U.S. market in the long term, despite increasing worries about U.S.-China relations and the overall business environment. The survey revealed that nearly 60% of companies are looking
During the opening of the World Economic Forum’s “Summer Davos” meeting in Dalian, China, Chinese Premier Li Qiang defended the country’s technological development. He emphasized that the rapid rise of China’s new industries is rooted in their unique comparative advantages. These advantages include the country’s large market, industrial network, labor force, diverse application scenarios, and
In a recent report released by European Union regulators, it was revealed that Apple is in violation of new sweeping tech rules due to restrictions placed on App Store users, preventing them from being directed to alternatives. The European Commission has initiated a new probe into Apple concerning its contractual terms with developers. This investigation
China and the European Union have reached an agreement to initiate discussions regarding the proposed imposition of tariffs on Chinese-made electric vehicles (EVs) being imported into the European market. This decision marks a significant step in addressing the ongoing trade issues between the two economic powerhouses. Germany’s Economy Minister Robert Habeck revealed that EU commissioner
The United States recently issued draft rules aimed at regulating investments in artificial intelligence and other technology sectors in China to protect U.S. national security interests. The proposed rules raise concerns about the potential impact on the global market and the strategies employed by both U.S. and Chinese entities. The draft rules place the responsibility
China has invested an impressive $230.8 billion over more than a decade to develop its electric car industry. The government support represents 18.8% of total electric car sales between 2009 and 2023. According to Scott Kennedy from the U.S.-based Center for Strategic and International Studies, the ratio of government spending to EV sales has decreased
The tech industry is constantly evolving, with new opportunities for investment arising every day. While companies like Nvidia, Alphabet, and Microsoft are frequently in the spotlight, there is one stock that has been quietly making waves in the market – Motorola Solutions. According to Trent Masters, portfolio manager at Alphinity Investment Management, Motorola Solutions is