The recent announcement by the U.S. accusing Russia of using chemical weapons against Ukrainian troops has raised concerns globally. The U.S. State Department released a statement late Wednesday accusing Russia of violating the Chemical Weapons Convention (CWC) by using the choking agent chloropicrin against Ukrainian forces. This accusation has led to the imposition of more
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Luxury carmaker Aston Martin has recently reported widening losses in the first quarter of the year, with shares plummeting more than 12% in early trading. The company’s adjusted loss before tax nearly doubled compared to the previous year, reaching £110.5 million. This significant increase in losses was unexpected by analysts, who had projected a loss
Dubai’s leadership has recently approved a groundbreaking plan to build a new passenger terminal at Al Maktoum International Airport, making it five times larger than the city’s current main international airport. With a staggering budget of 128 billion dirhams ($35 billion), this project is set to transform the aviation industry in Dubai and establish the
The Japanese yen witnessed a significant depreciation to 160 against the U.S. dollar during Monday morning trading in Asia. This marks a record low since April 1990. However, the currency managed to strengthen to around 156.5 against the dollar by midday. This fluctuation highlights the ongoing volatility in the currency markets, particularly between the yen
Borge Brende, president of the World Economic Forum, recently gave a sobering outlook for the global economy, expressing concerns about the future if the right economic measures are not implemented. He stated that the world is at risk of facing a decade of low growth if immediate actions are not taken. This warning comes as
As Wall Street gears up for another busy week of earnings reports, it is essential to look at the performance of the companies that have already released their financial results. So far, the majority of companies have exceeded analyst expectations, with 77% reporting higher earnings than anticipated. This positive trend indicates that the current earnings
In March, the latest data from the Commerce Department revealed that inflation continued to surge, with the personal consumption expenditures price index excluding food and energy increasing by 2.8% from a year ago. This figure matched the previous month’s rate, exceeding the Dow Jones consensus estimate of 2.7%. When including food and energy, the all-items
Venice recently made headlines by becoming the first city in the world to charge a fee for tourists visiting the historic city. The pilot program, initiated to combat the effects of overtourism and improve the quality of life for residents, implemented a 5 euro fee for day-trippers. While this move has been praised by some,
Xiaomi, the Chinese smartphone company, has taken the electric vehicle market by storm with its new electric SU7 sedan. Despite undercutting Tesla’s Model 3 on price, Xiaomi has managed to surpass expectations by receiving over 70,000 orders for its electric vehicle as of April 20. CEO Lei Jun revealed that the company is on track
Goldman Sachs’ David Kostin recently discussed his expectations for higher earnings despite worries about margin pressures in the face of rising inflation. Kostin highlighted the performance of companies during this earnings season, revealing that about one-fifth of companies have reported their earnings thus far. From these reports, he noted that approximately two-thirds of companies have