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Huawei, the Chinese technology giant, has launched its new Pura 70 series of smartphones, a major step in its bid to reclaim market dominance in China and ramp up competition with Apple. This move follows Huawei's strategic release of the Mate 6...

Christine Lagarde, President of the European Central Bank (ECB), has said that the ECB may reduce interest rates regardless of the US Federal Reserve's actions. She made these comments during a discussion at the International Monetary Fund's spring m...

China's economy showed a robust performance in Q1 2024, with a year-on-year GDP growth of 5.3%, surpassing the predicted 4.6% growth, and marking an improvement from the previous quarter's 5.2% growth. This early-year surge was primarily fueled...

In the first quarter of the year, Singapore's economic growth was 2.7% compared to the same period last year. This was below the initial forecast of 3.0% growth. Although this performance was slightly better than the previous quarter, it was still le...

The European Central Bank (ECB) has hinted at easing monetary policy in the near future, signaling a potential reduction in interest rates despite the uncertainty surrounding the Federal Reserve's actions in the United States. Maintaining intere...

The Bitcoin community is poised for the 2024 halving, a technical event that drastically reduces the cryptocurrency's supply by halving the mining rewards every four years, significantly impacting its market value. Unlike prior halvings, which w...

Copper prices have surged to unprecedented levels, with May delivery prices reaching $4.323 per pound in New York. This surge, which follows a peak in June 2022, is a continuation of a robust upward trend. The momentum was further demonstrated, with...

As part of efforts to retain a leading global position in cutting-edge semiconductor chips, South Korea has announced a comprehensive investment plan amounting to $7 billion dedicated to artificial intelligence technologies by 2027. This ambitio...

Gold prices have surged to new heights, with spot gold reaching $2,342 per ounce and peaking at $2,353, driven by strong U.S. economic data and ongoing geopolitical tensions. This continued uptrend comes as the precious metal is increasingly seen as...

Samsung Electronics is on the verge of a major financial turnaround, forecasting an operating profit of approximately $4.9 billion for the first quarter, marking a huge contrast to the previous year's challenging performance. This projection not...

Thailand's growth is lagging against its Southeast Asian rivals. The region is showing marked resilience post-pandemic, with countries like Indonesia, the Philippines, and Vietnam posting over 5% economic growth. Malaysia, a key economy in the bloc,...

Tesla experienced its first annual decline in sales since the onset of the pandemic, with competition from both Chinese and Western electric vehicle manufacturers impacting its market share. For the first quarter of this year, the company report...

Xiaomi, the Chinese smartphone manufacturer, saw its shares soar by up to 16% to HK$17.34, reaching a peak not seen since January 2022, following the announcement of its entry into the electric vehicle market with the SU7 model. The SU7 is compe...

In a turbulent period for Tesla, the electric vehicle giant saw a 29% drop in its stock value during the first quarter. It was the worst quarter since 2022 and the third worst quarter since the company went public in 2010. This performance made it th...

Amazon has announced a significant investment worth $2.75 billion in Anthropic, a San Francisco-based AI startup known for its competitive edge in generative AI. This brings Amazon's total promised investment to $4 billion. This investment is part of...