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
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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
In a surprising move, DBS Group, Southeast Asia’s largest bank, reported record earnings for the full year in 2023 but decided to cut the variable compensation for its senior management. The decision was made to hold them accountable for a series of digital disruptions that occurred during the year. This article explores the implications of
The Asia-Pacific markets experienced a downward trend on Tuesday, following the decline in Wall Street overnight. Investors anxiously awaited the interest rate decision from the Reserve Bank of Australia later in the day, adding to the uncertainty in the markets. In Japan, household spending took a bigger hit than expected in December. It fell by
Asia markets kicked off the holiday-shortened week with a mixed performance as investors eagerly awaited policy decisions from key central banks. The Reserve Bank of Australia and the Reserve Bank of India were the focus of attention, with monetary policy announcements expected later in the week. Moreover, private surveys on service sector activity in China
The conflict between Russia and Ukraine has been ongoing for several years, resulting in the loss of countless lives and destruction of infrastructure. Recently, Russia accused Ukraine of carrying out a devastating attack on a bakery and restaurant in the Russian-controlled eastern region. This incident has once again raised questions about the brutality of war