Wholesale Gas Prices Surge Amid Halt in Russian Supplies
Europe faces rising wholesale gas prices as Russia halts supplies via Ukraine, sparking energy security concerns and urgent diversification efforts.
Jan 02, 2025 12:33 PM EST
South Korea Braces for Economic Slowdown in 2025
South Korea predicts 2% economic growth in 2025, citing weak semiconductor demand, high household debt, and global trade challenges.
Dubai Duty Free Achieves Record AED7.901 Billion Turnover In 2024
Dubai Duty Free recorded over 20.733 million sales transactions in 2024, averaging 56,649 per day. A total of 55.137 million units of merchandise were sold, and more than 13.7 million customers shopped at its arrival and departure stores.
Russia Strengthens AI Alliance With China Amid Western Sanctions
The move is part of a broader effort to align with non-Western nations, particularly in critical technology sectors, to reduce dependence on Western resources.
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Beijing Unveils Plans to Boost Driverless Vehicle Use
Beijing plans to expand driverless vehicle trials, aiming for a network of autonomous taxis and buses by 2025.
Dec 31, 2024 4:58 AM EST
China Pushes for Homegrown Chips in Electric Vehicles Amid Global Competition
China accelerates efforts to integrate domestic chips in electric vehicles, aiming for tech self-reliance despite global competition and challenges.
Dec 31, 2024 3:52 AM EST
David Beckham Earns £28 Million in Dividends from His Personal Brand Empire
David Beckham's personal brand continues to thrive, with the football icon earning £28 million in dividends in the past three years. His strategic partnerships with luxury brands and his sale of a 55% stake to Authentic Brands have bolstered his financial success.
Dec 30, 2024 2:59 PM EST
German Government Accuses Elon Musk of Attempting to Influence 2024 Election
Elon Musk's public support for Germany's far-right AfD party has sparked controversy, with the German government accusing the billionaire of trying to influence the upcoming federal election.
Dec 30, 2024 2:51 PM EST
Finnish Investigators Discover Suspected Sabotage Trail in Baltic Sea After Estlink 2 Cable Damage
Finnish authorities uncover a 100-kilometer drag mark believed to be caused by a Russian-linked vessel, amid concerns over sabotage targeting the Estlink 2 electricity cable, disrupting regional energy security.
Dec 30, 2024 2:45 PM EST
South Korea Launches Emergency Inspections After Deadly Jeju Air Crash
South Korea orders emergency inspections of all domestic airlines and Boeing 737-800 aircraft following the Jeju Air crash that claimed 179 lives, marking the nation's deadliest aviation disaster.
Dec 30, 2024 2:39 PM EST
Global Equity Funds Surge with Record Inflows Amid U.S. Inflation Relief
Global equity funds saw $34.38 billion in inflows, led by U.S. markets, driven by easing inflation. However, bond outflows and selective sectoral investments highlight cautious optimism amid economic uncertainties.
Dec 28, 2024 3:43 PM EST
Putin Issues Rare Apology Following Azerbaijan Airlines Crash
Russian President Vladimir Putin apologized after an Azerbaijan Airlines crash killed 38, likely due to Russian air defenses. The incident strained regional ties, prompting international calls for accountability and aviation safety improvements.
Dec 28, 2024 3:17 PM EST
U.S. Holiday Spending Rises 3.8% in 2024, Driven by Online Sales and Value Deals
U.S. holiday spending grew by 3.8% in 2024, fueled by a 6.7% rise in online sales. Consumers prioritized value-driven purchases, showcasing resilience amid economic challenges and shorter shopping periods.
Dec 28, 2024 5:52 AM EST
Trump Urges Supreme Court to Delay TikTok Ban, Seeks Political Resolution
President-elect Trump has asked the Supreme Court to delay TikTok's ban, citing plans for diplomatic solutions. The move underscores tensions between national security concerns, digital rights, and U.S.-China relations.
Dec 28, 2024 2:06 AM EST
CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
Dec 27, 2024 9:56 AM EST
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