China’s rapid urbanization drive, which has been progressing at an astonishing pace over the past decade, is finally coming to a halt. This development, according to China economist Hao Hong, could further exacerbate the already struggling property sector in the country. Hong points out that the excessive building of housing for the Chinese population has
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In a strategic move to stay ahead of its competitors such as Microsoft and Google, e-commerce giant Amazon has announced its plan to invest up to $4 billion in the promising artificial intelligence (AI) firm, Anthropic. By acquiring a minority ownership position in Anthropic, Amazon aims to leverage the potential of generative AI and further
The recent ceasefire in Nagorno-Karabakh has prompted the leadership of the breakaway region to make a drastic decision. The 120,000 ethnic Armenians residing in Nagorno-Karabakh have expressed their desire to leave for Armenia, fearing the possibility of ethnic cleansing. Despite the internationally recognized status of the territory as part of Azerbaijan, the Armenians in Karabakh
The recent surge in China’s military activities around Taiwan has significantly heightened the risk of events spiraling out of control and inadvertently triggering a clash, warned Taiwan’s defense minister. Over the past two weeks, Taiwan observed a substantial increase in the number of Chinese fighters, drones, bombers, warships, and even the Chinese carrier, the Shandong,
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
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