World

As the financial markets entered a new trading month, stock futures exhibited a notable decline, sending a clear signal of investor trepidation regarding escalating trade tensions. The Dow Jones Industrial Average futures contracted by 528 points, reflecting a drop of 1%. Similarly, the S&P 500 futures fell by 1.9%, while the Nasdaq-100 futures experienced an
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In a recent development, Singapore’s Ministry of Trade and Industry (MTI) reaffirmed its commitment to U.S. export controls in light of concerns stemming from allegations regarding the Chinese AI company DeepSeek. The tech industry grappled with uncertainty after DeepSeek declared that its AI model could outperform the renowned OpenAI model at a significantly lower training
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Amid a backdrop of persistent rumors and negotiations, the White House made a significant announcement that will undoubtedly reshuffle the landscape of international trade for the United States. President Donald Trump has decided to impose stringent tariffs on major trade partners, including Mexico, Canada, and China. This decision, communicated through White House Press Secretary Karoline
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In a notable development, British oil major Shell has announced a considerable downturn in its annual profits for the year 2024. The company’s adjusted earnings fell to $23.72 billion, which marks a decline from the previous year’s $28.25 billion. This significant decrease prompts a deeper exploration of the factors contributing to the lower financial performance
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Norway’s Government Pension Fund Global, known as the largest sovereign wealth fund globally, has recently demonstrated impressive financial performance by achieving a remarkable profit of 2.5 trillion kroner (approximately $222.4 billion) for the year 2024. This substantial profit marks an increase over the previous year’s record of 2.22 trillion kroner. With such significant returns, the
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In a recent turn of events, Japan’s semiconductor stocks have been adversely affected due to growing competition from the Chinese AI startup DeepSeek. As DeepSeek positions itself as a viable contender in the artificial intelligence realm, it raises critical questions about the future strategies of Japanese tech companies that are intricately tied to the U.S.
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