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Thu, Dec 25, 2025 09:49 AM All times are UTC

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ECB Policymaker Yannis Stournaras Supports Interest Rate Cuts Amid Inflation Decline

Oct 09, 2024 06:15 am UTC| Economy

ECB Policymaker Yannis Stournaras Backs Interest Rate Cuts Amid Declining Inflation Yannis Stournaras, a key European Central Bank (ECB) policymaker, supports two interest rate cuts before the end of the year and...

China Stocks Drop: Stimulus Uncertainty Hits Markets

Oct 09, 2024 06:07 am UTC| Economy

Mainland Chinas stock market faced a sharp decline on Wednesday, ending a 10-day winning streak, as government stimulus plans failed to instill confidence in investors seeking an economic revival. China Stock...

RBI Holds Rates at 6.5%, Signals Possible Rate Cut as Inflation Risks Remain

Oct 09, 2024 05:58 am UTC| Economy

RBI Holds Interest Rates Steady, Signals Potential Rate Cut in Upcoming Months The Reserve Bank of India (RBI) kept interest rates unchanged at 6.5% during its recent policy meeting, as widely anticipated. However, in a...

Asian Currencies Steady Amid Fed Signals and New Zealand Dollar Decline

Oct 09, 2024 05:34 am UTC| Economy

Asian Currencies Hold Steady Amid Fed Signals and U.S. Inflation Watch Most Asian currencies remained within a tight range on Wednesday, as the U.S. dollar steadied ahead of key signals from the Federal Reserve and U.S....

U.S. Considers Google Breakup to Address Search Monopoly

Oct 09, 2024 04:56 am UTC| Economy

U.S. May Force Google to Break Up Over Search Monopoly The U.S. Department of Justice (DOJ) is considering a major action against Google to address its monopoly on online search, which dominates 90% of the U.S. market....

Seven & i Holdings Stock Soars After Alimentation Couche-Tard Boosts Takeover Offer

Oct 09, 2024 04:42 am UTC| Economy

Seven i Holdings Sees Shares Rise Over 10% Amid Takeover Bid Shares of Japanese retail giant Seven i Holdings surged by more than 10% following a report from Bloomberg News. The report revealed that Alimentation...

Oil Prices Recover Amid U.S. Inventory Build and Middle East Tensions

Oct 09, 2024 04:34 am UTC| Economy

Oil Prices Rebound After Sharp Decline Oil prices rose in Asian markets on Wednesday, recovering from the previous sessions 4% drop. The decline followed reports of the Lebanese group Hezbollah seeking a ceasefire with...

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Economy

Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains

Taiwan stocks closed higher on Thursday, supported by broad-based gains across key sectors including semiconductors, oil, gas and electricity, as well as construction. The Taiwan Stock Exchange Weighted Index finished the...

BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target

Bank of Japan Governor Kazuo Ueda said Japans underlying inflation is steadily accelerating and moving closer to the central banks long-standing 2% target, reinforcing expectations that interest rate hikes will continue if...

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Politics

U.S. Prioritizes Economic Pressure With Venezuelan Oil Quarantine as Sanctions Intensify

The United States has shifted its near-term military focus toward enforcing a so-called quarantine on Venezuelan oil exports, signaling a strategy that prioritizes economic pressure over direct military confrontation....

Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy

Hanwha Group has announced that its Philadelphia-based shipyard has the technical capability to build nuclear-powered submarines for the U.S. Navy, highlighting the South Korean conglomerates growing ambitions in the...

China’s One-Child Policy Legacy Resurfaces After Death of Former Population Chief

The death of Peng Peiyun, a former senior Chinese official who oversaw the countrys one-child policy for a decade, has reignited fierce debate on Chinese social media about the long-term impact of the controversial...

Christmas Eve Jazz Concert Canceled After Kennedy Center Renaming to Include Trump

A planned Christmas Eve jazz concert at the Kennedy Center in Washington, D.C., has been canceled following a controversial decision to rename the iconic performing arts institution to include the name of Republican U.S....

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...