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Japan’s Wholesale Inflation Hits 4.0% in February, Fueling Rate Hike Expectations

Mar 12, 2025 03:52 am UTC| Economy

Japans annual wholesale inflation reached 4.0% in February, reflecting rising raw material costs and reinforcing market expectations of a near-term interest rate hike by the Bank of Japan (BOJ). The corporate goods price...

Canada Weighs Oil Export Limits as U.S. Trade War Escalates

Mar 12, 2025 03:50 am UTC| Economy Politics

Canada is considering non-tariff measures, including restricting oil exports to the U.S. or imposing export duties, if trade tensions with Washington escalate further, Energy Minister Jonathan Wilkinson said Tuesday. We...

Australia Won’t Impose Tariffs Despite U.S. Steel and Aluminium Duties

Mar 12, 2025 03:50 am UTC| Economy Politics

Australia will not impose reciprocal tariffs on the U.S. despite new American duties on steel and aluminium, Prime Minister Anthony Albanese confirmed Wednesday. His statement follows President Donald Trumps decision to...

Stock Futures Rise Slightly After Market Sell-Off Amid Trump's Tariff Reversal

Mar 12, 2025 03:43 am UTC| Economy

U.S. stock futures edged higher Tuesday evening after a sharp sell-off on Wall Street, as investors remained cautious over President Donald Trumps shifting tariff policies. SP 500 Futures gained 0.3% to 5,594.25, Nasdaq...

Tariffs and Trust: Canada's Bond Sale Defies US Trade Threats

Mar 12, 2025 03:21 am UTC| Economy Insights & Views

U.S. and Canada tensions have been increased due to increased tariffs on Canadian goods by the U.S. President Trump initially sought to double tariffs on Canadian aluminum and steel as a retaliatory action against Ontarios...

CPI Set to Cool, But Will It Be Enough for the Fed?

Mar 12, 2025 03:20 am UTC| Economy Insights & Views

February 2025 Consumer Price Index (CPI) is forecast to record a soft 0.3% month-on-month rise, down from last months 0.5%. Year-on-year headline inflation is forecast at 2.9%, down from last months 3.0%. Core CPI,...

What’s so special about Ukraine’s minerals? A geologist explains

Mar 11, 2025 15:00 pm UTC| Insights & Views Economy Nature

Ukraines minerals have become central to global geopolitics, with the US president, Donald Trump, seeking a deal with Ukraines president Volodymyr Zelensky to access them. But what are these minerals exactly and why are...

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Economy

Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact

Asian markets opened with a cautious tone Monday as geopolitical tensions in the Middle East continued shaking investor confidence. U.S. President Donald Trumps stern warning to Iran threatening devastating military...

Dollar Holds Steady as Yen Nears Critical 160 Level Amid Iran War Escalation

Global currency markets opened cautiously on Monday as the U.S. dollar maintained its footing while the Japanese yen hovered dangerously close to the psychologically significant 160-per-dollar threshold. Thin trading...

Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation

Morgan Stanley believes the Federal Reserve will push forward with interest rate cuts in 2026, even as rising oil prices temporarily inflate headline inflation figures. According to the banks analysts, the current...

China's Energy Resilience Shields Economy From Global Oil Shock, Goldman Sachs Says

Goldman Sachs analysts believe China is among the best-positioned major economies to weather the current oil price shock stemming from escalating Middle East tensions, citing the countrys diversified energy strategy,...

Iran's Stranglehold on the Strait of Hormuz: What It Means for Global Markets

U.S. intelligence assessments now confirm that Iran has no intention of loosening its grip on the Strait of Hormuz anytime soon. Tehran views control over this critical oil corridor as its most powerful bargaining chip...

Politics

U.S. and Iran Edge Toward Potential 45-Day Ceasefire Amid Escalating Tensions

Diplomatic efforts between the United States and Iran are gaining momentum, with mediators from Pakistan, Egypt, and Turkey joining negotiations aimed at brokering a potential 45-day ceasefire, according to a report by...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

Iran Rejects Trump's Hormuz Ultimatum, Threatens Wider Trade Disruption

Iran has firmly pushed back against U.S. President Donald Trumps latest threats over the Strait of Hormuz, dismissing his ultimatum and introducing new conditions that could further destabilize global trade routes. The...

Trump Issues Deadline for Iran to Reopen Strait of Hormuz Amid Escalating Conflict

President Donald Trump has set an 8:00 p.m. Eastern Time Tuesday deadline for Iran to reopen the Strait of Hormuz, one of the worlds most critical oil shipping routes, warning of severe military consequences if the demand...

U.S. Commandos Execute Daring Rescue Mission Deep Inside Iran

In one of the most audacious military operations in recent American history, U.S. special operations forces successfully extracted a stranded American weapons specialist from deep within Iranian territory. The mission,...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

Technology

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...

MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown

A bipartisan group of U.S. lawmakers has unveiled the MATCH Act, a landmark piece of draft legislation designed to tighten export restrictions on advanced semiconductor manufacturing equipment destined for China. The...

Microsoft's $10 Billion Japan Investment: AI Infrastructure and Data Sovereignty Push

Microsoft is set to pour approximately $10 billion into Japan between now and 2029, channeling funds into data center expansion and artificial intelligence infrastructure to meet the countrys growing demand for data...

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...