On Wednesday, Asian shares and global stock futures experienced a significant decline, with technology stocks leading the way. Stock benchmarks in Tokyo and Taipei were hit hard, each falling more than 3%. The broader MSCI index of Asia-Pacific shares outside Japan was also 1.8% lower. Market analysts attributed the sell-off to worries about the global
Wall Street
The trade relationship between Russia and India has been experiencing significant growth in recent years, with bilateral payments proceeding smoothly without the usual glitches that have been plaguing trade with other countries. This flourishing partnership is underpinned by robust economic cooperation and mutual trust between the two nations. Russia’s trade with India nearly doubled to
REA Group, a property listings company majority-owned by News Corp, is contemplating acquiring Rightmove to form a global real estate company. Rightmove, Britain’s largest property portal, experienced a surge in its share price by 24% to 6.89 pounds on the London Stock Exchange. The potential offer from REA Group has been viewed as a highly
With over 10,000 U.S. hotel workers participating in a multi-day strike in various cities, the hospitality industry is facing significant disruptions. The strike, led by the Unite Here union, has workers from 24 hotels in major travel destinations such as San Francisco, San Diego, Boston, and Seattle demanding better wages and working conditions. Hotel workers
Brazil’s telecommunications regulator has made the decision to suspend access to Elon Musk’s X social network in the country in order to comply with an order from a judge. This has raised concerns about censorship and freedom of speech in the country, as Musk argues that the judge is enforcing unjustified censorship while the judge
Typhoon Shanshan hit Japan with full force, causing widespread devastation and disruption to daily life. The torrential rain and strong gusts brought by the typhoon have led to severe consequences across various regions in the country. The impact of the storm has been felt not only in terms of infrastructure damage but also in terms
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
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
Federal Trade Commission Chair Lina Khan is taking a bold step in using antitrust laws to protect workers’ rights. The ongoing trial between grocery chain Kroger and rival Albertsons is a testing ground for this initiative, with the FTC alleging that the proposed merger would harm the bargaining power of unionized workers. This shift in
The S&P 500 closed lower on Monday, with Nvidia, a major player in the AI sector, seeing a decline before its quarterly report later in the week. Investors were also eagerly awaiting inflation data for indications on the potential direction of interest rate cuts by the Federal Reserve. The Nasdaq also experienced a dip, while