Treasury yields rise on positive retail data and central bank remarks
Treasury yields spiked to a five-week high, propelled by solid retail sales and key remarks from the Federal Reserve....
Month : January 2024
Avalanches strand 1,000 tourists in Xinjiang
Avalanches in Xinjiang's Hemu Village leave 1,000 tourists stranded amid heavy snowfall....
Grindavik’s eruption eases; geologists alert for more activity
In Grindavik, Iceland, a volcanic eruption subsided on Tuesday, but the threat of future activity looms. The town's 4,000 residents remain on high alert after...
Heavy snowfall leads to mass cancellations at Frankfurt airport
Germany’s primary air hub, Frankfurt Airport, faced significant disruptions on Wednesday as inclement weather conditions, including heavy snowfall and freezing rain, led to the cancellation...
Apple leads global smartphone market, surpassing Samsung
Apple overtakes Samsung as the top smartphone maker globally, marking its first lead in over a decade amid a challenging tech landscape....
JPMorgan favors India over China in 2024 market strategy
JPMorgan names India as its key Asian market in 2024, due to the global "China plus one" manufacturing strategy, benefiting India's economy....
China’s economic growth slows amid challenges
China's economy to grow at 5.2% in 2024, showing signs of resilience with improved factory output and retail sales in November....
Salmonella scare leads to recall of dozens of Quaker Oats items
Quaker Oats Co., has increased its product recall to over 60 items due to salmonella risks, adding to a prior recall of 43 products....
Germany’s recessionary trends and the euro area’s future
In 2023, Germany's economy saw a 0.3% decline, its first since the Covid-19 outbreak, amid various national challenges, per Destatis data....
IMF highlights AI’s threat to 40% of global jobs, rising inequality
The IMF reports that 40% of global jobs may be affected by AI, worsening job inequality, coinciding with the World Economic Forum in Davos....