Iron ore prices have displayed volatility in the past half decade as the world has dealt with the economic uncertainty surrounding COVID-19 lockdowns, the Russia-Ukraine war, ongoing conflicts in the Middle East and rising trade tensions. Prices for the base metal reached a record high of over US$220 per metric…
A tense calm has settled over Asian markets on Monday, with shares and crude oil drifting lower as investors watch the opening moves in a new, high-stakes chapter of global diplomacy. After a suspenseful US-Russia summit ended without a clear resolution, the world now turns its focus to Washington, where…
Asia, a continent heavily reliant on coal for its power mix, is facing a formidable challenge in achieving net-zero emissions. With 54% of the region’s electricity generated from coal last year, a significant shift is needed, according to Rystad Energy’s latest update. In a proactive move to reduce emissions, several Asian nations…
Australia’s largest airline, Qantas Airways, was ordered by a federal court on Monday to pay a record fine of A$90 million ($58.6 million) for unlawfully dismissing 1,800 ground staff during the Covid-19 pandemic, marking the biggest penalty in the history of the nation’s labour laws.The ruling by Justice Michael Lee…
A tense and watchful calm has descended upon European markets, with stocks trading flat in the opening hour as investors turn their gaze from balance sheets to a high-stakes diplomatic drama unfolding in Washington. After a two-week winning streak, the market is pausing, holding its breath before a pivotal meeting…
OpenAI CEO Sam Altman believes the artificial intelligence market is currently experiencing a bubble, The Verge said in a report.“When bubbles happen, smart people get overexcited about a kernel of truth,” Altman was quoted as saying in a CNBC report.Are we in a phase where investors as a whole are…
India is proposing a three-year import tariff on certain steel products, specifically targeting shipments originating from China, the world’s leading steel producer. The proposed tariff aims to curb the influx of these imports into the Indian market, according to a Reuters report.Proposed tariff detailsThe Directorate General of Trade Remedies (DGTR) issued…
Soho House & Co., the members’ club operator known for attracting celebrities and creatives, is set to go private after agreeing to a $2.7 billion deal with a consortium led by New York-based MCR Hotels. The agreement, announced Monday, values Soho House’s common stock at $9 per share and includes…
A tense calm has settled over Asian markets on Monday, with shares and crude oil drifting lower as investors watch the opening moves in a new, high-stakes chapter of global diplomacy. After a suspenseful US-Russia summit ended without a clear resolution, the world now turns its focus to Washington, where…
Adidas stock price has collapsed this year as concerns about its growth continued. It plunged to a low of €160, down by over 38% from its highest point this year. It has underperformed Nike, the embattled company whose stock has jumped by 48% from the YTD low.Why Adidas stock price…