The recent selection of new commissioners by European Commission President Ursula von der Leyen marks a pivotal moment within the European Union (EU). With the appointment of Spain’s Teresa Ribera as the antitrust commissioner and Estonia’s Kaja Kallas overseeing foreign policy, the Commission steps into a new era. The creation of an entirely new position—defense
Economy
In the ever-evolving landscape of Canadian politics, Prime Minister Justin Trudeau’s Liberal Party finds itself at a precarious juncture. With recent polling data indicating a significant decline in public support, the impending special election in the Montreal constituency of LaSalle—Emard—Verdun represents more than a mere contest for a parliamentary seat. It could very well signal
The U.S. economy has showcased remarkable resilience in recent years, bouncing back from tremendous shocks like the COVID-19 pandemic. However, this resilience masks significant structural imbalances poised to disrupt the economic landscape. Analysts warn that while a severe recession may not be imminent, these discrepancies could orchestrate a mild downturn, making it essential to scrutinize
As former President Donald Trump positions himself for another run at the White House, his economic strategy once again has the potential to influence the financial landscape significantly. Trump’s approach to tariffs could have far-reaching effects on corporate earnings, particularly for companies listed on the S&P 500. With sweeping proposals that introduce high tariffs on
In recent days, Malaysian authorities conducted a series of police raids on charity homes associated with Global Ikhwan Services and Business Holdings (GISB), uncovering a harrowing situation involving hundreds of children and youths. These individuals were rescued amidst allegations of suspected sexual abuse, raising significant concerns about the organization’s operations and its foundations. CIF to
The discussion surrounding the creation of a U.S. Sovereign Wealth Fund (SWF) has evolved into an increasingly significant topic among policymakers, economists, and the public at large. While former President Donald Trump and current President Joe Biden have both expressed interest in establishing such a fund, their proposed approaches differ noticeably. This divergence reflects underlying
As Japan grapples with the dual challenges of a fragile economic recovery and rising living costs, the debate surrounding interest rates has become increasingly urgent. Sanae Takaichi, a prominent figure in the ruling Liberal Democratic Party (LDP) and Japan’s minister responsible for economic security, has voiced strong opposition to altering the country’s extensive monetary policy.
China’s residential property market has been facing significant challenges over the past months, as indicated by the latest statistics detailing the most substantial declines in new home prices experienced in over nine years. The negative trends suggest deeper issues within the sector that even government interventions have failed to remedy effectively. This article aims to
As we approach the weekend, Asian markets are gearing up to close the week with a sense of optimism fueled by favorable movements in Western financial hubs. A notable performance from Wall Street has set the stage for Asian stocks to reflect a promising close, with key indexes positioned to exhibit moderate gains. After a
The recent tech-driven rally on Wall Street has had a positive impact on Asian shares, leading to a bounce in the markets. Investors are optimistic following a surge in tech stocks and are closely monitoring the upcoming policy decisions from central banks around the world. The dollar has strengthened in response to U.S. core inflation
Following the highly anticipated debate between Republican Donald Trump and Democratic Vice President Kamala Harris, Wall Street was left grappling with uncertainty. While both candidates clashed on crucial policy issues such as the economy, immigration, and legal matters, investors were disappointed with the lack of clear direction provided. Despite the combative nature of the debate,
China, being one of the countries with the lowest retirement age in the world, is facing a dilemma with its shrinking working population. In an effort to combat this issue, policymakers have been discussing the possibility of delaying the retirement age in the country. This marks a crucial step in addressing the challenges posed by