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South Korea Eyes Stock Market Boom Amid Reforms

South Korea Eyes Stock Market Boom Amid Reforms

Economy news
1 day ago

Seoul is implementing reforms to address the 'Korea discount,' which has long depressed the valuations of its companies. Now, a growing number of Koreans, many young, are investing in stocks.From 2022 to 2023, Korea’s stock market capitalization rose...

Nvidia Growth Surges Further on Data Center Business

Nvidia Growth Surges Further on Data Center Business

Stocks news
2 days ago

Nvidia's already impressive performance was boosted by a remarkable 427% growth in its data centerbusiness in the latest quarter. This surge comes as companies continue to invest heavily in Nvidia's artificial intelligence processors.The critical cus...

AI Power Demands Straining Electricity Grids

AI Power Demands Straining Electricity Grids

Economy news
3 days ago

Generative AI's growing popularity is creating significant energy challenges. AI systems powered by large language models (LLMs) are incredibly energy-intensive and require substantial computational resources. A recent study indicates that gener...

Ether Rallies Amid Renewed ETF Optimism

Ether Rallies Amid Renewed ETF Optimism

Cryptocurrency
4 days ago

Ether's price continued its upward trajectory, adding 8.5% to $3,661.12 following a substantial 20% surge on Monday. This rally is driven by increasing optimism that the U.S. Securities and Exchange Commission (SEC) might approve spot ether exchange-...

Ryanair Profits Surge After Fare Hikes

Ryanair Profits Surge After Fare Hikes

Stocks news
5 days ago

Budget airline Ryanair has reported a significant 34% increase in full-year profits, reaching €1.92 billion, driven by a 21% hike in average fares. This surge comes despite rising fuel costs and delays in the delivery of new Boeing planes, which have...

China Injects Billions into Troubled Property Market

China Injects Billions into Troubled Property Market

Economy news
1 week ago

China's ongoing property crisis, which began in 2021, has prompted significant interventions by Chinese authorities to stabilize the sector and mitigate its impacts on the world's second-largest economy. The People's Bank of China (PBOC) announc...

Utilities Surge Amid AI Boom

Utilities Surge Amid AI Boom

Stocks news
1 week ago

This year, the S&P 500’s utility sector has gained 14%, making it the third-best-performing category, surpassed only by information technology and communication services. This marks a notable turnaround from last year's decline, during which util...

Copper Nears Record Highs Amid Surging Demand

Copper Nears Record Highs Amid Surging Demand

Economy news
1 week ago

Copper prices are approaching record highs as demand driven by renewable energy, electric vehicles, and artificial intelligence continues to grow. Year-to-date, copper prices have surged by 29%, with futures reaching $5 per pound as of May 15, the hi...

Tencent Achieves Strong Profit Despite Gaming Challenges

Tencent Achieves Strong Profit Despite Gaming Challenges

Stocks news
1 week ago

In the first quarter, the Chinese tech giant Tencent exceeded analyst expectations for both revenue and profit. This was driven by modest gains in its core gaming sector and enhanced profitability in its advertising and business services divisions.Th...

SoftBank’s Arm Set to Unveil AI Chips in 2025 Amid Soaring Demand

SoftBank’s Arm Set to Unveil AI Chips in 2025 Amid Soaring Demand

Stocks news
1 week ago

In further evidence of the rush to take part in the AI revolution, SoftBank Group's subsidiary, Arm, is ready to enter the artificial intelligence chip market by 2025, targeting a sector experiencing explosive growth. The British chip designer,...

Air India's Ambitious Revival Bid Under Tata

Air India's Ambitious Revival Bid Under Tata

Stocks news
2 weeks ago

Once a symbol of aviation excellence, Air India saw its reputation tarnished after years of operational losses and subpar service. Now, the airline is going through a positive transformation under the Tata Group's leadership, which resumed contr...

Bank of England Eyes Summer Rate Cut

Bank of England Eyes Summer Rate Cut

Economy news
2 weeks ago

The Bank of England (BOE) is cautiously preparing for a summer interest rate cut, anticipated as early as June, though more likely by August or September, as signs point towards an easing inflationary trend. Currently, interest rates stand at 5....

Argentina’s Milei Defends Radical Austerity

Argentina’s Milei Defends Radical Austerity

Economy news
2 weeks ago

Since assuming office five months ago, Argentina's President Javier Milei, a right-wing economist with a TV pundit background, has implemented severe austerity measures to reverse the country's financial decline marked by excessive government spendin...

UBS Makes First Profit Since Bailing Out Credit Suisse

UBS Makes First Profit Since Bailing Out Credit Suisse

Stocks news
2 weeks ago

UBS, the Swiss banking giant, has announced a significant quarterly profit in the first quarter of 2024. This is the first profit UBS has recorded since acquiring the struggling Credit Suisse last year. The bank's net profit in Q1 2024 was $1.8...

EU Wants Fairer Trade Practices from China

EU Wants Fairer Trade Practices from China

Economy news
2 weeks ago

European Union (EU) leaders, including Commission President Ursula von der Leyen, advocate for fairer trade relations with China, emphasizing the need to address current market access imbalances. During a significant meeting in Paris with Chines...

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