Britain needs to immediately start preparing for a minimum 2-degree Celsius increase in global temperatures above pre-industrial levels by the year 2050, according to climate advisors. The country’s climate advisers released a statement on Wednesday emphasising that the nation is currently inadequately equipped to handle the severe weather events that are…

Apple Inc. is treading a fine line between political pressure from Washington and the economic realities of its dependence on Chinese manufacturing. During his latest visit to China, CEO Tim Cook reaffirmed the company’s long-term commitment to the world’s second-largest economy, signalling that Apple will continue strengthening local partnerships even…

A powerful and dazzling rally in the world of high fashion has sent European markets soaring on Wednesday, as a stunning surge in the continent’s biggest luxury brands decisively banishes the gloom that had been cast by a renewed US-China trade spat. This roar of opulence, coupled with a timely…

Liquidity is a concept that’s easy to describe but surprisingly hard to visualize. At least it is when discussing financial markets, where the liquidity is entirely digital in nature and thus intangible. We can read it in onchain dashboards revealing the depth of DEX trading pairs, and we can see…

People asked if China would catch up to the United States. Then the question became when will China catch up. And now it’s slowly becoming about whether anyone can stop China from becoming the world’s single superpower.The United States has weakened itself through political division and policy missteps. China may…

It seems like there is no stopping gold’s current rally. Gold prices on COMEX breached the $4,200-per-ounce mark on Wednesday for the first time on rising expectations of further interest rate cuts by the US Federal Reserve. Analysts have repeatedly pointed out the overbought conditions in gold. However, the bulls have shrugged…

Following US sanctions on an import terminal in eastern China, trading firms have redirected at least five crude oil tankers from a major port in the region, according to a Reuters report.US sanctions have forced refiners to alter plans for unloading cargo at Lanshan port in Shandong province, leading to…

A UK court has dismissed a $440 million lawsuit against Japan’s SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital.Judge Robert Miles of London’s High Court found that SoftBank’s activities in transactions dealing with Katerra, a US construction firm backed by the Japanese conglomerate, were…

Dow futures edged higher on Wednesday as investors look optimistic over a potential Federal Reserve rate cut and strong performance in chip stocks.The futures tied to Dow Jones Industrial Average gained 0.4%, while S&P 500 and Nasdaq 100 futures advanced 0.6% and 0.8%.The stabilisation on Wall Street comes after a…