Global markets experienced fresh volatility this week as US President Donald Trump confirmed his plan to impose tariffs on major trading partners. While Mexico and Canada secured a temporary 30-day reprieve after agreeing to crack down on fentanyl smuggling, China was hit with a 10% tariff. Beijing retaliated swiftly, imposing…
The Middle East is being reshaped, not by war, but by money and influence. As Iran’s grip weakens, Saudi Arabia, the UAE, and Turkey are stepping in, using investment rather than ideology to expand their power. At the same time, massive projects like the India-Middle East-Europe Economic Corridor (IMEC) are…
Gold prices experienced a surge of 1% on Wednesday, maintaining their upward trajectory and reaching new record highs. This rally was primarily fueled by a heightened demand for safe-haven assets amidst the escalating trade tensions between the US and China. Investors, seeking refuge from the potential economic fallout of the…
Santorini, one of Greece’s most iconic tourist destinations, is experiencing intense seismic activity, with hundreds of tremors rattling the island over the past few days. A magnitude 5.3 earthquake struck east of the island on Tuesday, following a series of smaller tremors that have shaken the region. As fears of…
Volcon Inc (NASDAQ: VLCN) has signed a new distribution agreement with Super Sonic Company Limited. Shares of the all-electric light utility vehicle (LUV) maker are up more than 150% on Tuesday. The deal makes Volcon an “exclusive distributor” of Super Sonic’s golf carts in the US. However, the latter remains…
Ark Invest chief executive Cathie Wood says the most under-appreciated application of artificial intelligence is “healthcare”. The use of AI in healthcare will contribute significantly to curing diseases over time, she said in a CNBC interview on Tuesday. Wood expects gene sequencing and drug discovery stocks in particular to benefit…
President Donald Trump has announced a controversial plan for the United States to take control of the Gaza Strip and spearhead its economic redevelopment. This marks a complete departure from longstanding US policy on the Israeli-Palestinian conflict. Speaking alongside Israeli Prime Minister Benjamin Netanyahu at a press conference on Tuesday,…
Advanced Micro Devices Inc (NASDAQ: AMD) is taking a hit in after-hours on Tuesday despite reporting market-beating financial results for its fiscal fourth quarter. Investors are responding primarily to a 69% year-on-year increase in the company’s data centre sales to $3.86 billion, which fell short of $4.14 billion that analysts…
Shares of Honda and Nissan climbed on Wednesday following a report that the Japanese automakers were considering calling off their high-profile merger discussions. The Asahi Shimbun newspaper, citing sources, said the boards of both companies were preparing to formally terminate negotiations, which had been in progress since last year. Following…
Global markets experienced fresh volatility this week as US President Donald Trump confirmed his plan to impose tariffs on major trading partners. While Mexico and Canada secured a temporary 30-day reprieve after agreeing to crack down on fentanyl smuggling, China was hit with a 10% tariff. Beijing retaliated swiftly, imposing…