In the aftermath of the Federal Reserve’s anticipated policy meeting, the foreign exchange market is witnessing notable fluctuations, particularly with the U.S. dollar and Japanese yen. On a Wednesday that left market participants jittery, the dollar displayed volatility, wavering amid last-minute adjustments by investors. A key highlight of the day was the predictions surrounding the
Economy
In an era where global competition is intensifying, particularly with economic powerhouses like the United States and China, the European Union (EU) finds itself at a critical crossroads. Recognizing the urgent need to bolster its technological capabilities, the European Commission is proposing the establishment of a Competitiveness Fund. This initiative aims to ensure that Europe
Canada’s political landscape is undergoing a seismic shift as Prime Minister Justin Trudeau’s Liberal Party finds itself clinging to a seat that was once considered secure. The ongoing special election in LaSalle—Émard—Verdun isn’t just another vote; it represents a crucial moment that may determine Trudeau’s fate as the leader of the party. The stakes are
As the new trading week unfolds in Asia, investors are confronted with a mixed bag of implications stemming from both domestic economic indicators and significant international developments. China remains in the spotlight, with a recent slew of disappointing economic metrics that could curtail investor enthusiasm. Conversely, the American stock market experienced a notable uptick, buoyed
The political landscape in the United States is often marked by debates over economic policy, especially regarding trade and tariffs. Former President Donald Trump has re-emerged as a leading Republican presidential candidate, proposing a series of ambitious tariff initiatives intended to protect American workers and reshape international trade dynamics. In light of his proposals and
In recent events, Malaysian conglomerate Global Ikhwan Services and Business Holdings (GISB) has come under intense scrutiny following allegations of child abuse linked to their charity homes. This unfolding drama has reexamined the organization’s controversial roots, its connection to an outlawed religious sect, and the series of alarming incidents involving the welfare of minors under
In August 2023, China’s industrial output experienced its slowest growth in five months, raising concerns about the stability of the world’s second-largest economy. Official data from the National Bureau of Statistics (NBS) revealed that industrial production rose by just 4.5% year-on-year, a decline from the 5.1% growth recorded in July. This figure fell short of
This week, the foreign exchange markets witnessed significant fluctuations as the dollar suffered its greatest decline this year against the Japanese yen. With media outlets sparking renewed discussions regarding a potentially large cut to Federal Reserve interest rates, currency traders maneuvered amidst heightened uncertainty. Reports indicated that the U.S. dollar saw a drop of 1%
Amidst growing concerns about inflation and economic sustainability, Bank of Japan policymaker Naoki Tamura has made a bold statement regarding the necessity of raising interest rates to at least 1%. This call for action comes at a time when the central bank is facing increasing pressure to implement measures that would push up short-term borrowing
Shigeru Ishiba, a former defense minister, is a prominent figure in the Liberal Democratic Party’s leadership race. Despite his long tenure in politics, Ishiba has faced several defeats in his quest to lead the party. However, his recent stance on issues like renewable energy and gender equality has garnered attention and support. Ishiba’s economic strategy