Australia faced a significant setback in its pursuit of reconciliation with the Indigenous people of the country. In a resounding decision, the proposal to recognize Indigenous people in the constitution was overwhelmingly rejected. With 45% of the vote counted, the “No” vote prevailed with 57.35% against the “Yes” vote of 42.65%. This rejection was disheartening
World
In the midst of the recent Israel-Hamas war, top European regulator Thierry Breton issued a warning to social media platforms like Meta, TikTok, and X (formerly Twitter), urging them to be vigilant against disinformation and violent posts related to the conflict. Unlike the United States, where the First Amendment protects speech, European regulations such as
In a surprising move, hedge fund manager Dan Niles has announced that he is maintaining his short position on Tesla’s stock, despite his overall bullish outlook on the broader market. Niles, the cofounder and portfolio manager of the Satori Fund, recently shared his concerns about the headwinds Tesla is likely to face in the coming
China’s consumer spending has been struggling to regain its pre-pandemic growth, with analysts highlighting the slow pace of recovery. Despite a slight pickup in retail sales during the recent holiday period, the figures indicate less than 3% growth per year since the start of the pandemic. This article delves into the reasons behind the sluggish
The recent conflict between Israel and Hamas has had a significant impact on the global financial markets. In the United States, the benchmark 10-year Treasury yield fell nearly 13 basis points to about 4.65% as investors sought safe assets amid the escalating tensions. This decrease in bond yields reflects the first reaction to the Israel-Hamas
The ongoing conflict between Israel and Palestinian militant group Hamas has had a significant impact on global oil prices. In the wake of a surprise attack by Hamas on Israel, oil prices jumped 4%. This article will delve into the reasons behind this surge in oil prices and analyze the potential long-term effects on the
The recent clash between Israeli forces and Hamas militants has left a trail of destruction and raised concerns about the stability of the region. The surprise attack launched by Hamas resulted in the deadliest day of violence in Israel in 50 years, with approximately 500 people losing their lives. The escalation of the conflict has
In a rare and significant move, a delegation of U.S. lawmakers, led by Senate Majority Leader Chuck Schumer and comprised of both Democrats and Republicans, arrived in China on Saturday. This marks the first congressional visit to the country since 2019, signaling a glimmer of hope for a potential meeting between Presidents Joe Biden and
China, known for its stringent data rules, is now signaling a softer stance towards data regulation, especially for foreign businesses. The Chinese government’s recent moves to ease regulation and improve operating conditions have been welcomed by international business organizations. In a proposed update, the Cyberspace Administration of China (CAC) has stated that data exports will
The commodities market is experiencing a significant shift, presenting a more favorable investment landscape according to Aaron Dunn, co-head of value equity and portfolio manager at Morgan Stanley Investment Management. In an interview with CNBC’s “Squawk Box Asia,” Dunn highlighted that we are at the “beginning of a longer-term commodity cycle.” This shift implies that