The recent comments from the CEO of Norway’s sovereign wealth fund about the “froth” in the tech sector have raised concerns about the sustainability of the current market conditions. With a string of tech giants set to release their earnings reports this week, including Tesla, Meta, Microsoft, and Google’s parent company Alphabet, investors are on
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The recent historic rains in the United Arab Emirates caused chaos at Dubai’s airport, resulting in hundreds of grounded flights and thousands of stranded customers. The CEO of Emirates airline, Tim Clark, issued an apology letter to customers over the weekend, acknowledging the inconvenience and frustration faced by passengers during this challenging time. In the
In response to the recent approval by U.S. lawmakers of $60.84 billion in support for Ukraine, Russia has accused Washington of escalating the situation and diving deeper into what they perceive as a hybrid war against Russia. The outspoken criticism from President Vladimir Putin’s administration highlights their belief that the United States’ involvement in Ukraine
The recent completion of the fourth “halving” event in the Bitcoin network has sparked a wave of speculation and volatility in the cryptocurrency market. With rewards for miners reduced to 3.125 bitcoins from 6.25, investors are closely watching the price of bitcoin, which currently stands at around $64,100. While the mechanics of the halving itself
Impacts of international conflicts and tensions on global oil prices have always been significant. The recent strike by Israel on Iran has once again demonstrated this. On Friday, oil prices skyrocketed by more than 3% following Israel’s military action against Iran. This has raised concerns about the escalation of conflict in the already volatile Middle
China has vehemently opposed the recent investigation initiated by the U.S. into its maritime, logistics, and shipbuilding industries, labeling the move as a “mistake on top of a mistake.” The Chinese ministry of commerce released an official statement asserting that the U.S. was providing “discriminatory” subsidies to its domestic industries despite this fact, they accused
The latest data on Singapore’s non-oil domestic exports has shown a significant decline of 20.7% in March compared to the same period last year. This sharp fall comes as a surprise to economists, who had expected a much milder decrease of 7%. The revised figure for February also indicates a downward trend, with a 0.2%
Federal Reserve Chair Jerome Powell recently expressed concerns about the persistence of inflation and hinted that interest rates may need to remain at higher levels for an extended period. Despite positive signs in economic growth and the labor market, Powell highlighted the lack of progress in achieving the 2% inflation target. This poses a challenge
The Asia-Pacific markets experienced a decline on Monday as traders assessed the implications of Iran’s massive drone and missile attacks on Israel. The attack, which involved more than 300 drones and missiles targeting military sites in Israel, was described by President Joe Biden as “unprecedented.” The United States intervened to assist Israel in intercepting the
The recent attacks launched by Iran against Israel have caused a significant escalation in tensions between the two nations. This development has raised concerns about the possibility of a regional war breaking out. According to U.S. officials, Iran initiated an airborne attack against Israel, prompting a swift response from the National Security Council and the