Super Typhoon Ragasa battered Hong Kong, forcing closures and chaos as winds topped 200 km/h, flooding streets and snapping trees.Meanwhile, US President Trump signaled a more self-focused diplomacy at the UN, tech giants launched a $500 billion AI push, and Asian markets opened sharply lower amid global economic jitters.A glance…
OpenAI, Oracle, and SoftBank are doubling down on America’s AI ambitions with the announcement of five new massive data centers under the $500 billion Stargate project.This eye-popping investment aims to supercharge the computing power needed for cutting-edge AI research and applications.Seen as a centerpiece of the US push to dominate…
Despite global oil markets being in backwardation, a state where current prices exceed future delivery prices and typically discourages storage, China has been actively stockpiling crude oil. This unusual move, while providing a temporary price floor by absorbing surplus supply, faces limitations due to geopolitical factors, shifts in global supply, and…
Gold prices held near record highs on Wednesday as safe-haven demand and hopes of further interest rate cuts boosted sentiments among investors. “Expectations for further interest rate cuts by the Federal Reserve (Fed), along with geopolitical uncertainties stemming from the intensifying Russia-Ukraine war and conflicts in the Middle East, continue to…
Thailand’s export growth slowed sharply in August as US tariffs and a stronger baht began straining demand for key products. The Commerce Ministry reported a 5.8% rise in exports, the weakest pace in almost a year and below the 7% forecast by Bloomberg. At the same time, imports surged 15.8%,…
Europe markets opened lower on Wednesday as weak economic data and cautious comments from US Federal Reserve Chair Jerome Powell dragged sentiment, extending overnight losses from Wall Street and Asia.The downtrend marked the middle of the week with markets showing little appetite for dip-buying despite selective sector gains.The FTSE 100…
Eli Lilly’s chief executive Dave Ricks has delivered a stark warning to the UK government, branding Britain “probably the worst country in Europe” for drug prices and cautioning that the nation could miss out on new medicines unless conditions improve.Speaking to the Financial Times, Ricks said the UK’s system of…
The European gas market has seen a slight dip in benchmark prices, with the TTF benchmark falling to EUR 32 per MWh. “This was probably due to the news that Norway is exporting more gas to the EU via pipeline again after supplies were significantly reduced for a good three weeks…
Shares of Lithium Americas surged by almost 60% in premarket trading on Wednesday after a Reuters report that the Trump administration is seeking an equity stake of up to 10% in the Canadian miner. The stake would be tied to renegotiations of a $2.26 billion US Energy Department loan for…
Germany is positioning itself as a secure destination for Indian professionals, highlighting its predictable migration policies and economic demand for skilled labour. The move comes after US President Donald Trump introduced a $100,000 fee on new H-1B visa applications, a change that directly affects Indian workers who make up around…