China targets 50% boost in computing power as AI race with U.S. ramps up
Technologies like AI, which require high computing power, have become key battlegrounds in the rivalry between the U.S. and China.
OPEC hikes long-term oil demand outlook — in stark contrast to other predictions of peak crude
OPEC hikes long-term oil demand outlook as its war of words with the IEA over peak oil demand continues.
Nobel economics prize awarded to U.S. economist Claudia Goldin for work on women in the labor market
The Nobel economics prize was on Monday awarded to Professor Claudia Goldin of Harvard University for her research on women in the labor market.
Shares of UK’s Metro Bank up 26% after securing fresh capital
Investors were spooked last week by the news the bank was searching for a large financing package.
Middle East risks prospect of fresh regional war after Hamas stealth attack on Israel
The unprecedented nature of Hamas assault has raised concerns that Iran may have been involved, given Tehran’s long-time support for Hamas and its cause.
Israel’s central bank sells $30 billion in foreign reserves after shekel slides to seven-year low
The Bank of Israel announced it will sell up to $30 billion in a bid to support markets after the deadly incursion by Hamas militants.
UK joins Europe’s growing ‘greenlash’ with new pro-motorist policies
As the U.K. government ramps up concessions for motorists, Britain joins the fold of countries caught up in a political backlash against Europe’s green agenda.
China’s domestic tourism is finally back to pre-pandemic levels
China’s big “Golden Week” holiday saw domestic tourism rebound to around pre-pandemic levels, while overseas travel had yet to fully recover.
China responds to Israel-Hamas conflict with a call to ‘end the hostilities’
China called for a ceasefire in the Israel-Hamas conflict — and for “establishing an independent State of Palestine,” according to a Ministry of Foreign Affairs statement.
Forget the U.S: Pros say another top market looks cheap and offers the ‘best’ opportunities
Two investment professionals reveal their top stocks and funds in this alternative developed market.
