In response to a recent order from the Australian regulator demanding the removal of certain posts related to the stabbing of a bishop in Sydney, social media platform X has vowed to take the matter to court. This order came after a 16-year-old boy was charged with a terrorism offence for the stabbing of Bishop
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The International Monetary Fund (IMF) recently highlighted the urgent need to address the challenges faced by low-income countries dealing with unsustainable debt burdens. This comes after reports from both the IMF and the World Bank raised concerns about the economic difficulties and future prospects of these nations. Despite ongoing efforts to recover from the COVID-19
As we approach April 19, 2024, investors are eagerly anticipating the quarterly earnings reports of major companies such as Procter & Gamble (PG), American Express (AXP), and Schlumberger (SLB). Procter & Gamble is expected to see a modest earnings increase of 3.65%, showing steady growth. American Express, on the other hand, projects a substantial 23.75%
The gold market has been on a wild ride lately, with prices surging past $2400.00 USD to hit a new all-time high. This unprecedented climb has been driven by a growing appetite for “safe-haven” assets, as investors seek refuge from escalating geopolitical tensions and economic uncertainty around the globe. The recent spike in geopolitical tensions,
Recent reports confirming Israeli missile strikes in Iran have heightened tensions in the Middle East, causing a wave of risk-aversion across financial markets. Explosions were reported in central Isfahan airport, with the cause still unknown. Additionally, radar battalions in Syria were reportedly hit, alongside speculations of warplane activity in Iraq. The S&P 500 futures slid
China’s fiscal stimulus, according to S&P Global Ratings senior analyst Yunbang Xu, is starting to lose its effectiveness. The strategy appears to be more of a tactic to buy time for industrial and consumption policies rather than providing immediate solutions to economic challenges. This raises concerns about the sustainability and long-term benefits of the current
On a recent Friday, a wave of risk aversion swept over the currency markets due to reports of explosions in Iran and concerns over the Israeli-Hamas conflict in the Middle East. This led to a sharp decline in the Australian and New Zealand dollars, while the Japanese yen saw an uptick as investors sought safe-haven
The recent comments from Federal Reserve officials have solidified the expectation that U.S. monetary settings will remain restrictive, causing the dollar to soften. Despite rising in previous weeks due to strong U.S. economic data and inflation, the dollar is now facing pressure as traders reassess the possibility of rate cuts in the near future. The
Taiwan Semiconductor Manufacturing Company (TSMC) exceeded revenue and profit expectations in the first quarter of this year, thanks to the strong demand for advanced chips, especially those used in AI applications. The net revenue reported was 592.64 billion New Taiwan dollars ($18.87 billion), surpassing the expected NT$582.94 billion. Moreover, the net income was NT$225.49 billion,
The USD/JPY pair continues to decline as the US Dollar correction exerts pressure on the pair. During the Asian trading hours on Thursday, the pair was seen trading around 154.30, marking its second successive session of losses. The decline in the US Dollar is primarily responsible for the downward trend in the USD/JPY pair. Japan’s
The recent rally in EURJPY has come to a halt at 165.35, indicating the end of wave 3. Following this, wave 4 initiated as a double three Elliott Wave structure. The downward movement from wave 3 saw wave ((w)) concluding at 162.59 and wave ((x)) finishing at 165.17. Subsequently, wave (w) terminated at 163.85, and