Latest posts
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Oil Jumps as Iran and Israel Exchange Fire With Truce at Risk
Oil surged after Iran and Israel exchanged fire, threatening a fragile ceasefire in the Middle East as talks to end the war falter.
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China Starts Prefabricated Power Hub for Data Centers, CCTV Says
China’s first prefabricated computing power hub has started operations, offering a faster and lower-cost way to build and supply electricity to data centers, according to a report from China Central Television.
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Kosovo Seeks to End Impasse With Snap Election: What to Watch
Kosovo goes to the polls for the third time in 18 months Sunday in an attempt to break a political impasse that’s stymied progress toward improving ties with Serbia and gaining more European aid.
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China’s PBOC Adds Gold Again as Bullion Remains Under Pressure
China’s central bank extended its gold-buying streak in May, adding to holdings as prices of the precious metal remained under pressure.
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ECB Steps Up as G7’s Lead Hawk With Interest-Rate Hike Primed
A euro-zone interest-rate hike in the coming week is set to place the European Central Bank at the vanguard of global tightening caused by the Iran war.
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Austria Downgrade Ends Era in Club of Europe’s Safest Borrowers
Austria lost its last top credit score from a major assessor because of persistently high budget deficits, ending a decades-long streak as one of Europe’s best-rated issuers.
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Philippine Court Drops Remaining Marcos Ill-Gotten Wealth Case
The Philippine anti-graft court dismissed the remaining claims in a civil case seeking to recover assets allegedly acquired by the late former President Ferdinand Marcos and his family.
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Nigerian Startup Bets Big on Drones
As drone attacks become increasingly common across the Sahel, Nigerian startup Terra Industries is expanding into Ghana and scaling production of drone and counter-drone systems. Backed by $34 million from investors including Palantir co-founder Joe Lonsdale and Lux Capital, the…
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China, New Zealand Hold Trade Talks to Deepen Cooperation
China and New Zealand held a bilateral trade commission meeting in Beijing on Friday, where officials exchanged views on deepening economic ties and cooperation in regional and multilateral frameworks.
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HKMA Says It’s Implemented New Bank Rules for Opening Accounts
Hong Kong has implemented guidelines for banks similar to the new regulatory requirements for brokers on managing mainland Chinese customers’ accounts, the Hong Kong Monetary Authority said.
