Singapore is on track to become a significant gold hub, according to the World Gold Council. The shift in global gold trading towards the east is one of the key reasons driving this move. With gold consumption on the rise in major emerging markets, particularly in Asia, Singapore is strategically positioned to capitalize on this
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The European Union election results were a wake-up call for German Chancellor Olaf Scholz, as the far-right party AfD made significant gains despite facing numerous scandals. The AfD secured an impressive 15.9% of the vote in the preliminary results, surpassing Scholz’s SPD and its coalition partners – the Greens and the FDP, who saw a
The European Union elections are a crucial event that takes place every five years, involving millions of eligible voters across the 27 member countries. The latest election, with 720 members of the European Parliament (MEPs) up for grabs, presents an opportunity for citizens to choose representatives who will advocate for their interests at the EU
Norway’s $1.7 trillion sovereign wealth fund has announced its decision to vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package. This move comes after a Delaware judge invalidated the package earlier this year, deeming it unfair to shareholders. Despite acknowledging the significant value generated under Mr. Musk’s leadership since the grant date in
The U.S. economy experienced an unexpected surge in job creation in May, with nonfarm payrolls expanding by 272,000. This figure far exceeded the Dow Jones consensus estimate of 190,000 jobs, sparking optimism about the state of the labor market. However, the increase in employment came alongside a rise in the unemployment rate to 4%, marking
Drawing inspiration from a scene in a “Mission Impossible” movie, scientist Lee Seok Woo embarked on a journey to create batteries for smart contact lenses. In the movie, an agent used contact lenses with facial recognition and eye tracking capabilities, sparking Lee’s curiosity and determination to turn this fiction into reality. With a background in
The traditional slogan “A diamond is forever” seems to be losing its charm as consumers increasingly opt for lab-grown diamonds, gold, and other colored gemstones over natural diamonds. This shift in consumer preference has been driven by various factors, including changing market trends and evolving consumer behaviors. De Beers, a diamond giant known for its
Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, has become somewhat of a legend in the world of meme stocks. Almost five years ago, Gill made a $53,000 bet on his favorite video game retailer, GameStop. Fast forward to today, and his net worth has skyrocketed to over $289 million.
The recent ruling by a U.S. court allowing the presentation of scientific evidence in the lawsuits related to the discontinued heartburn drug Zantac has sent shockwaves through the pharmaceutical industry. British pharmaceuticals giant GSK saw its shares plummet by 9% after the Delaware State Court ruled in favor of plaintiffs’ expert witnesses testifying in the
A milestone was achieved as a Chinese spacecraft successfully landed on the far side of the moon. The primary objective of this mission is to collect soil and rock samples that could offer valuable insights into the differences between the less-explored far side and the more familiar near side of the moon. This landing marks