In a move that surprised many, China decided to keep its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively. This decision came after the country announced measures to boost its property market, signaling confidence in the current state of the economy. Following China’s announcement, Hong Kong’s Hang Seng index saw a
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Iranian President Ebrahim Raisi’s helicopter experienced a “crash landing” situation on Sunday, as reported by state media. Rescue efforts were underway, but weather conditions, including heavy fog, were hindering the operation. The uncertainty surrounding Raisi’s condition caused a sense of urgency among the rescue teams. The presence of important officials like Iran’s Foreign Minister and
The recent announcement by Benny Gantz, a centrist member of Israel’s War Cabinet, to resign from the government if a new plan for the war in Gaza is not adopted within three weeks has sparked controversy. This move would potentially leave Prime Minister Benjamin Netanyahu more reliant on his far-right allies, highlighting the internal divide
Chet Kapoor, the current chairman and CEO of DataStax, had a childhood dream of working for the legendary Steve Jobs. This dream materialized when Kapoor was given the opportunity to intern at the software company NeXT, founded by Jobs. However, instead of taking this internship as a golden opportunity to learn and grow, Kapoor seems
The European Union has launched a major investigation into Meta, the parent company of Facebook, over alleged breaches of the bloc’s strict online content law related to child safety risks. The European Commission, the EU’s executive body, has expressed concerns that Meta’s Facebook and Instagram platforms may be stimulating behavioral addictions in children and creating
The recent assassination attempt on Slovakia’s populist Prime Minister Robert Fico has sent shockwaves across the continent. Fico, who is 59 years old, was shot multiple times after a government meeting in the central Slovakian city of Handlova. He was promptly transported by helicopter to a hospital in Banska Bystrica to receive urgent treatment, as
Alibaba, the Chinese e-commerce giant, experienced a significant drop in its shares following a steep decline in net profit in the fiscal fourth quarter. The company’s revenue for the quarter reached 221.9 billion yuan, slightly higher than the 219.66 billion yuan expected by the LSEG consensus estimates. However, the net income attributable to ordinary shareholders
China’s inflation data for April showed a mixed picture, with the consumer price index beating estimates while the producer price index fell more than expected. This discrepancy could have implications for monetary policy decisions in the future as policymakers assess the impact on the economy. Japan’s first-quarter gross domestic product (GDP) is expected to have
As the earning season comes to a close, there are still some key names that are set to report their quarterly figures. Home Depot is one of those names, with expectations that their earnings may have fallen more than 5% from the year-earlier period. The home improvement giant has struggled this year, and analysts are
In April, China saw an increase in consumer prices for the third consecutive month, a sign of improvement in domestic demand. This rise in consumer prices, coupled with better-than-expected imports data, suggests that the policy support measures implemented by the government are starting to have a positive impact on consumer confidence. The National Bureau of