The recent decision by the electoral commission in Poland to cut state funding for the Law and Justice (PiS) party has raised questions about the consequences of misusing public money for campaigning. The loss of millions in funding for the largest opposition party in Poland is likely to have a significant impact on its future
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France’s President Emmanuel Macron is set to visit Belgrade in an effort to strengthen ties with Serbia and bring the Balkan country closer to the West. This visit comes at a crucial time as Serbia navigates its European Union membership bid while maintaining close relationships with Russia and China. Macron is scheduled to meet with
The tech and chip-related stocks in Asia took a hit on Thursday, following the release of Nvidia’s second-quarter results. Companies with direct ties to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced the most significant losses. SK Hynix, known for manufacturing high bandwidth memory chips for Nvidia, saw
Recently, Deputy Governor Andrew Abir of the Bank of Israel made a statement indicating that the central bank is unlikely to lower short-term interest rates at its upcoming policy meetings. This decision comes in light of rising price pressures and persisting geopolitical risk. The Bank of Israel had previously held its benchmark interest rate at
In a recent development, U.S. government researchers paid a visit to a South Korean mine to assess the progress towards increasing the supply of tungsten, a critical metal used in various industries. This visit marks a significant step in the efforts to reduce dependence on China, which currently dominates over 80% of the global tungsten
Elon Musk’s artificial intelligence startup, xAI, has been making headlines in Memphis, Tennessee, but not for the reasons the company would hope for. Environmental and health advocates are accusing xAI of exacerbating the pollution problem in the area by using natural gas burning turbines at its new data center without the necessary permits. This has
In the midst of an inflation-fueled sales slump hitting the toy industry in 2024, Lego stands out as a beacon of success. The Danish toymaker reported a 13% increase in revenue during the first six months of the year, reaching 31 billion Danish krone, or approximately $4.65 billion. This growth can be attributed to the
Brazilian mining giant Vale made headlines this week with its announcement of a new chief executive officer. The company’s chairman revealed that the decision was made to quell market speculation surrounding potential candidates for the position. This move was seen as a strategic decision to bring clarity to the leadership transition process and to reassure
When analyzing the information provided, it is clear that Nvidia has experienced significant growth in the past year. The stock has surged 159% in 2024 alone, which is an impressive feat. Despite this remarkable performance, the stock is still 8.8% from its June 20 high, indicating some potential resistance at that level. The fact that
The overall sentiment in the Asian markets on Wednesday appears to be cautious, primarily due to two key factors. These factors are likely to keep the markets within narrow trading ranges. The concerns revolve around the uncertainty surrounding the U.S. economy and the pending earnings report from Nvidia. Despite the marginal increase in U.S. and