Singapore has emerged as the world’s freest economy, surpassing Hong Kong for the first time in the history of the Economic Freedom of the World Index. The report, released by the Canadian think tank Fraser Institute, reveals a significant shift in rankings, with Hong Kong slipping from the coveted number one position. This development marks
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In a groundbreaking move, Cisco, the world’s leading producer of computer networking equipment, has announced its acquisition of cybersecurity software company Splunk for a whopping $28 billion. This deal marks a significant milestone for Cisco, as it is the company’s largest acquisition to date. The merger between these two giants aims to revolutionize the cybersecurity
The Bank of England’s monetary policy decision is now shrouded in uncertainty after a significant downside surprise in the August inflation figures. The market had previously priced in an 80% chance of a 25 basis point interest rate hike to 5.5%, but expectations shifted dramatically following the release of the consumer price index (CPI) reading.
The recent expulsion of a senior Canadian diplomat by India has further strained bilateral relations between the two countries. The diplomatic row was triggered by allegations that Indian government agents were involved in the extra-judicial killing of Hardeep Singh Nijjar, a prominent Sikh activist, in Canada. Prime Minister Justin Trudeau, while not directly accusing India,
U.S. billionaire Ray Dalio, founder of Bridgewater Associates, one of the world’s largest hedge funds, emphasizes the significance of diversification for new investors. With economic and geopolitical uncertainties persisting, Dalio believes that the unknown will outweigh the known. Therefore, having a diversified portfolio can help reduce risk without significantly diminishing returns. Dalio urges investors to
Over the weekend, a series of attacks occurred in Russia and Crimea, allegedly instigated by Ukraine. These attacks included a coordinated assault on Crimea, as well as drone strikes in Moscow and a fire at an oil depot in southwestern Russia. This article aims to critically analyze the events and their potential implications on the
North Korean leader Kim Jong Un made a historic visit to Russia this weekend, where he was given the opportunity to inspect Russia’s nuclear-capable strategic bombers, hypersonic missiles, and warships. Accompanied by President Vladimir Putin’s defense minister, Kim was warmly greeted at Russia’s Knevichi airfield. The visit, which took place around 50 km from Vladivostok,
In a glimmer of hope for China’s economy, retail sales in August grew by 4.6% compared to the previous year, surpassing expectations and indicating a rebound from the slowdown experienced in July. This positive growth defied predictions of a 3% increase, boosting confidence in the resilience of consumer spending. The surge in retail sales can
JPMorgan Chase, the largest bank in the United States, is ramping up its efforts to attract small business customers by introducing digital payroll processing. The bank has partnered with San Francisco-based fintech company Gusto to provide the technology behind this new feature. By integrating payroll services into its existing banking platform, JPMorgan aims to create
In the ever-evolving landscape of technology, artificial intelligence (AI) has emerged as a driving force behind innovation. Apple, a renowned player in the tech industry, has long been at the forefront of incorporating AI into its products. Although not explicitly mentioned during its recent iPhone 15 launch event, Apple emphasized the power and capabilities of