Ukrainian President Volodymyr Zelenskyy extended an invitation to U.S. presidential hopeful Donald Trump to visit the war-torn front lines of Ukraine. Zelenskyy, speaking at the Munich Security Conference, expressed his willingness to accompany Trump if he decides to accept the invitation. This offer comes amidst Trump’s skepticism towards the U.S.’s support for Kyiv, with him
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The Bank of Japan (BOJ) is currently under pressure to exit its negative interest rate regime, amid expectations of sluggish economic growth and the need to alleviate depreciation pressure on the yen. BOJ Governor Kazuo Ueda is faced with a challenging dilemma, as he must find a way to counter yen depreciation driven by the
Japan’s economy has faced yet another setback, slipping into a technical recession as it unexpectedly contracted in the October-December period. The provisional government data released brings to light the challenges posed by high inflation, which has crippled domestic demand and private consumption. Consequently, this has created difficulties for Bank of Japan Governor Kazuo Ueda and
On the heels of hotter-than-expected U.S. January inflation data, Asia-Pacific markets experienced a downward trend, mirroring the losses seen on Wall Street. The spike in the consumer price index (CPI) has raised concerns among economists and investors about the potential impact on the global economy. This article delves into the repercussions of the inflation data
As investors navigate the stock market, one economist is forecasting that the recent gains will persist until the end of the year, enduring any potential mid-year market correction. Ludovic Subran, the chief economist at German financial services firm Allianz, believes that the anticipated interest rate cuts by central banks may not materialize as soon as
The stock market showed upward momentum on Monday, following a strong performance from the previous week. Both the S&P 500 and Dow Jones Industrial Average reached new all-time highs, providing investors with a positive outlook. The broad market index experienced a 0.3% increase, while the Dow rose by 195 points, or 0.5%. The Nasdaq Composite
The Abu Mustafa family finds themselves in a dire situation, with their tent pressed against the imposing concrete and metal fence that separates Gaza from Egypt in Rafah. This area, once considered relatively safe, is now at risk of coming under attack. The Mustafa family is just one of over a million Palestinians who have
Indonesia’s upcoming presidential election on February 14 is set to be heavily influenced by social media, particularly the popular platform TikTok. With 274 million people in the country, millennials and Gen Z voters make up a significant portion of the electorate, accounting for 56.5%. As a result, candidates are now focusing their efforts on reaching
The world’s largest beauty brand, L’Oreal, witnessed a sharp decline in its shares by more than 7.3% in early trading on Friday. This drop came after the company reported lower-than-expected sales and highlighted a slowdown in demand, particularly in Asia. While the stock recovered slightly, trading down by 5% later in the morning, L’Oreal faces
Google has made a major announcement regarding its artificial intelligence (AI) chatbot and assistant. The tech giant has rebranded Bard, its AI chatbot, as Gemini. The new name aligns with the suite of AI models that power the chatbot. Alongside the rebrand, Google has also introduced a dedicated Android app for Gemini, allowing Android users