The United States government shutdown entered the eighth day on Wednesday after both Republican and Democratic efforts to pass short-term funding measures failed to clear the Senate. Despite multiple attempts, lawmakers remain deadlocked over the terms of reopening the government, deepening concerns about the economic and political fallout from the…
The Federal Reserve’s September meeting minutes revealed a cautious but clear inclination among policymakers to begin lowering interest rates further this year, though concerns over persistent inflation continue to temper the pace of any policy shift.“Most judged that it likely would be appropriate to ease policy further over the remainder…
On Thursday, China strengthened its rare earth export controls amid a global rush for these commodities. These new restrictions broaden the scope of processing technology limitations, prohibit unauthorised international collaboration, and explicitly aim to restrict exports to foreign defence and semiconductor industries, according to a Reuters report.The Chinese Ministry of Commerce…
Geopolitical tensions in the Middle East eased as Israel and Hamas reached an agreement on the initial phase of a plan to end the conflict in Gaza, leading to a decline in oil prices on Thursday. Experts believe the peace agreement between Israel and Hamas will result in the reduction of…
Hang Seng Bank shares surged nearly 30% on Thursday after parent company HSBC Holdings Plc announced plans to take the lender private in a deal valuing it at more than HK$290 billion (over $37 billion).Europe’s largest bank said it had asked Hang Seng Bank’s board to present a privatization proposal…
UK Prime Minister Keir Starmer met Indian Prime Minister Narendra Modi in Mumbai on Thursday during his first visit to the country, as both leaders reaffirmed their commitment to deepening trade, education, and cultural ties.Starmer is leading the largest-ever British delegation to India, comprising over 100 CEOs, entrepreneurs, university vice-chancellors,…
JPMorgan Chase CEO Jamie Dimon has warned that US stock markets could face a “significant correction” within the next six months to two years, citing a combination of overheated valuations and mounting global risks.In an interview with the BBC during his visit to Bournemouth, where he announced a £350 million…
Europe’s economy has become a favourite target for pessimists. Slow growth, high taxes, political infighting, immigration, ageing demographic, all perfect examples to use in order to paint a bleak picture.But the perception of a collapsing continent is exaggerated. In reality, Europe is stagnating in some areas, thriving in others, and…
The UK and India have just inked a major $468 million missile deal, a big milestone for both countries’ defence ties and a clear sign of Britain’s growing focus on the Indo-Pacific.Announced during Prime Minister Keir Starmer’s first official visit to India, the agreement will have UK defence giant Thales…
The UK Prime Minister Keir Starmer’s first official visit to India came up with a whole slate of deals and initiatives. In a clear sign that the two nations are looking forward to up team up more closely, the UK and India has decided to work together on everything from…