The euro has weakened by 0.5% against the US dollar, making it a mid-tier performer among G10 currencies in a climate of broad-based dollar strength, according to Scotiabank’s Chief FX Strategists Shaun Osborne and Eric TheoretThis movement reflects fading market expectations for further dovish action from the European Central Bank…
Australia and New Zealand are now the world’s biggest per-capita users of cocaine, according to the United Nations Office on Drugs and Crime (UNODC), as global drug use reached an all-time high in 2023. The findings come from the UN’s World Drug Report 2025, which also shows cocaine production, seizures,…
Super Micro Computer (SMCI) stock price rose on Wednesday this week as investors moved back to artificial intelligence (AI) companies. SMCI jumped to a high of $46.6, its highest point since May 16, and 70% above its lowest level this year. AI stocks are bouncing backSuper Micro Computer, also known as…
The global fight between Eli Lilly and Novo Nordisk for dominance in the red-hot weight-loss drug market is shifting to India, one of the fastest-growing pharmaceutical frontiers. As rising obesity and diabetes rates collide with expanding middle-class incomes, the country is becoming a pivotal battleground for the two drugmakers.On Thursday,…
Chipmakers across Asia rallied on Thursday after Nvidia’s stock closed at a record high, once again positioning the US-based tech firm as the world’s most valuable company. With its market capitalisation hitting $3.77 trillion, Nvidia surpassed Microsoft and triggered widespread momentum across the semiconductor sector in Japan, South Korea, and…
XRP spiked nearly 6% in a powerful late-session surge, establishing fresh technical support above the $2.20 mark for the first time in months. The move was driven by a 108.12 million XRP volume burst—nearly four times the hourly average—and was accompanied by whale transfers exceeding $497 million. Notably, despite the…
Brazil’s fiscal picture is rapidly deteriorating, according to a stern assessment from the Independent Fiscal Institution (IFI), a technical advisory organisation affiliated with the Federal Senate. The IFI’s 101st Fiscal Monitoring Report (RAF) indicates that if the current trend of public finances continues, the fiscal targets established for 2026 will…
Greece is once again among the top NATO defence spenders, with fresh data showing the Mediterranean nation allocated 3.1% of its GDP to military expenditure in 2024. Only four NATO members spent a greater share of their national output on defence: the US, Poland, Latvia, and Estonia. While these figures…
So said Will Ferrell’s character, Ron Burgundy, in the film Anchorman. It’s a quote that has seemed apposite on many occasions since Donald Trump’s inauguration as US President back in January. From tariffs and trade wars to NATO disengagement and a refusal to aid Ukraine in expelling its Russian invaders,…
US President Donald Trump has signaled his intention to replace Federal Reserve Chair Jerome Powell once his term ends in May 2026, saying he has “three or four” candidates in mind to lead the central bank.“I know within three or four people,” Trump told reporters on Wednesday during a press…