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Mon, Apr 06, 2026 04:10 AM All times are UTC

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Australia’s Economy Surpasses Expectations with Strong Q4 Growth

Mar 05, 2025 09:15 am UTC| Economy

Australias economy expanded more than anticipated in the fourth quarter, driven by strong public and private spending, alongside a rebound in export demand. GDP rose 0.6% quarter-on-quarter, surpassing expectations of 0.5%...

U.S. Stock Futures Rebound Amid Hints of Trade Negotiations

Mar 05, 2025 07:30 am UTC| Economy

U.S. stock index futures rose Tuesday evening after Commerce Secretary Howard Lutnick suggested that President Donald Trump might negotiate with Mexico and Canada following the imposition of steep tariffs. This comes after...

China's Service Sector Gains Momentum: PMI Edges Up in February

Mar 05, 2025 05:59 am UTC| Economy Insights & Views

Caixin China General Services PMI for February 2025 was recorded at 51.4, a slight increase from the previous months reading of 51.018. This reflects a modest growth in Chinas service sector, with a more rapid recovery in...

China Suspends Beef Imports from Seven Companies Amid Market Oversupply

Mar 04, 2025 13:59 pm UTC| Economy Governance

Chinas customs authorities have suspended beef imports from seven suppliers in Brazil, Argentina, Uruguay, and Mongolia as the country grapples with an oversupply that has driven domestic beef prices to multi-year lows....

Iron Ore Prices Drop as U.S.-China Tariffs Take Effect

Mar 04, 2025 13:59 pm UTC| Economy

Iron ore futures extended losses on Tuesday as U.S. tariffs on Chinese imports took effect, adding to market uncertainty. The most-traded May iron ore contract on Chinas Dalian Commodity Exchange (DCE) fell 1.39% to 779...

Nikkei Drops as Trade War Fears and Strong Yen Weigh on Markets

Mar 04, 2025 13:59 pm UTC| Economy

Japans Nikkei 225 fell 1.8% to 37,096.51 by midday Tuesday, its lowest level since September 18, as investors grew cautious ahead of new U.S. tariffs on Canada, Mexico, and China. The Topix index dropped 1.2% to 2,696.99,...

Oil Prices Drop to Three-Month Low Amid Trade War and OPEC+ Supply Concerns

Mar 04, 2025 03:10 am UTC| Economy

Oil prices hit a near three-month low in Asian trading on Tuesday as fears of economic disruptions from U.S. trade tariffs and rising OPEC+ production weighed on the market. Brent crude futures fell 0.8% to $71.07 per...

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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

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,...

Ukraine Launches Massive Drone Offensive Across Russia, Knocking Out Power to Hundreds of Thousands

Russias military reported intercepting 148 Ukrainian drones within a three-hour window on Sunday evening, marking one of the more significant aerial campaigns in recent months. Air defence units neutralized the unmanned...

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...