Thousands of workers descended on Brussels on Monday, causing disruptions near the European Parliament as they set off firecrackers and blocked streets in a large-scale demonstration. The protest was organized to show solidarity with employees at an Audi factory in Brussels facing potential job cuts as part of the shift…

Chinese stocks could benefit as the US Federal Reserve prepares to announce its first rate cut this week, according to Steven Sun, the head of research at HSBC Qianhai Securities. This move may also prompt action from the People’s Bank of China. “US monetary easing could be a catalyst for…

In a historic move, El Salvador’s President Nayib Bukele has announced the country’s first debt-free budget for 2025, aiming to break away from its reliance on borrowing. The proposed budget, which will be submitted to the Legislative Assembly on September 30, reflects a bold fiscal policy designed to balance government…

The Federal Reserve is set to join the European Central Bank (ECB) and the rest of the world in gradually moving away from the aggressive rate hikes seen in the past few years. This shift comes in response to signs of economic slowdown and reduced inflationary pressures. For the first…

China has recently announced the development of two new lithography machines, aimed at reducing its reliance on the US in semiconductor manufacturing. This move is part of China’s broader efforts to overcome US-led restrictions that have hindered its access to advanced chipmaking technology. While the new machines signal progress, questions…

Gold is likely to experience a short-term decline if the Federal Reserve opts for a modest 25-basis-point interest rate cut this week, but Goldman Sachs analysts expect the metal to stage a strong rally soon after. According to a note from Goldman analysts Lina Thomas and Daan Struyven, the rally…

This week remains vital for the financial industry, with markets expecting tomorrow’s first rate cut by the Federal Reserve since 2020. The previous interest rate reduction triggered a bull run in the crypto market, and analysts expect the same this cycle. Source – X Amidst the improving market sentiments, Fantom…

As the Covid-19 pandemic continues to evolve, a new variant known as the Covid XEC variant is starting to spread rapidly across Europe, North America, and parts of Asia. First identified in Germany in June, this sublineage of the Omicron variant is raising concerns among scientists and health officials due…

China’s economic outlook has grown increasingly uncertain in recent months as key indicators continue to disappoint. With industrial output, retail sales, and property investment all showing signs of weakness, doubts are mounting over whether Beijing can hit its target of 5% GDP growth for 2024. While many economists have called…