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EU Ministers to Discuss Joint Borrowing for Defense Amid Security Concerns

Mar 10, 2025 13:17 pm UTC| Economy Politics

European Union finance ministers will meet Monday to explore funding strategies for defense, including joint borrowing, reallocating EU funds, and expanding the European Investment Banks (EIB) role. The talks, led by...

Dollar Weakens as Trade War Fears and Labor Market Worries Shake Investors

Mar 10, 2025 13:16 pm UTC| Economy

The U.S. dollar started the week on a weak note after last weeks steep losses, driven by signs of a softening labor market and escalating global trade tensions. Investors shifted to safe-haven currencies like the Japanese...

Japan Posts First Current Account Deficit in Two Years Amid Weak Yen and Rising Imports

Mar 10, 2025 13:16 pm UTC| Economy

Japan recorded a current account deficit in January for the first time in two years, as a weaker yen drove up import costs, according to finance ministry data. The deficit reached 257.6 billion yen ($1.75 billion),...

Asian Markets Mixed as Investors Weigh Trump’s Tariffs, China’s Deflation Woes

Mar 10, 2025 13:15 pm UTC| Economy

Asian stocks traded mixed Monday as investors remained cautious ahead of new U.S. tariffs, while Chinese markets fell on rising deflation concerns. Futures for major U.S. indices dropped during Asian trading hours after...

Oil Prices Drop Amid Tariff Concerns and Rising OPEC+ Output

Mar 10, 2025 03:58 am UTC| Economy

Oil prices declined on Monday as investor concerns grew over U.S. import tariffs impacting global economic growth and fuel demand. Increased output from OPEC+ also contributed to the bearish sentiment. Brent crude slipped...

Sheinbaum Rallies Mexicans as U.S. Tariff Pause Boosts National Pride

Mar 10, 2025 03:57 am UTC| Politics Economy

Mexican President Claudia Sheinbaum assured thousands of supporters in Mexico Citys Zocalo Square that Mexicos sovereignty remains a top priority amid U.S. tariff tensions. Addressing the massive crowd waving national...

Russia Stocks Slip as Power, Telecom, and Mining Sectors Drag Market Lower

Mar 10, 2025 03:57 am UTC| Economy

Russian stocks closed lower on Sunday, with the MOEX Russia Index falling 1.27%, driven by declines in the power, telecom, and mining sectors. Among the top gainers, OK Rusal MKPAO (MCX:RUAL) rose 2.01% to 42.17, while...

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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...