China’s Gold Consumption Drops as Investors Flock to Bullion in Q1 2025

Chinas gold consumption fell 5.96% year-on-year to 290.492 tons in the first quarter of 2025, according to the China Gold Association, as high gold prices dampened demand for traditional jewellery. The surge in gold prices...

Dollar Steadies Ahead of Key U.S. Economic Data and Trade War Signals

The U.S. dollar started the week on steady footing, trading at 143.57 yen and $1.1360 per euro, as investors braced for a wave of economic data that could reveal the impact of President Donald Trumps ongoing trade war....

Oil Prices Edge Higher Amid OPEC+ Supply Concerns and Trade Uncertainty

Oil prices edged up in early Monday trade, supported by short-covering despite lingering uncertainty over U.S.-China trade talks and potential increases in OPEC+ supply. Brent crude rose 9 cents to $66.96 a barrel, while...

Asian Markets Mixed as Trade Uncertainty Lingers, Eyes on U.S. Data and Tech Earnings

Asian shares started cautiously on Monday amid persistent uncertainty over U.S. trade policy, with a heavy week of economic data and major tech earnings ahead. Despite U.S. President Donald Trumps claims of trade progress...

U.S. Urges Calm Amid Rising India-Pakistan Tensions Following Kashmir Attack

The U.S. State Department said Sunday it is engaging with India and Pakistan to encourage a responsible resolution after a deadly militant attack in Kashmir heightened tensions between the two nations. India blamed...

Trump’s Global Impact Boosts Albanese Ahead of Australia’s Election

In Sydneys affluent Bondi Junction, early voters said Donald Trump and the global economy influenced their choices ahead of Australias May 3 national election. Prime Minister Anthony Albanese and the ruling Labor Party are...

Bessent Says No Confirmation on Trump-Xi Talks as U.S.-China Trade Tensions Escalate

U.S. Treasury Secretary Scott Bessent said on Sunday he was unaware if President Donald Trump had spoken with Chinese President Xi Jinping, nor could he confirm whether formal trade negotiations were underway. Speaking...

Japan Denies U.S. Pushed for Weak Dollar, Strong Yen at Finance Talks

Japans top currency official on Monday denied reports that U.S. Treasury Secretary Scott Bessent advocated for a weak dollar and strong yen during recent bilateral talks. Atsushi Mimura, Japans vice finance minister for...

AstraZeneca’s Imfinzi Gets US Approval for Bladder Cancer Treatment

AstraZenecas drug Imfinzi (NASDAQ: AZN) has received U.S. approval to treat adult patients with muscle-invasive bladder cancer, a significant advancement in cancer therapy. The approval allows Imfinzi to be used in...

Sanofi’s New Hemophilia Drug Qfitlia Gains FDA Approval with Breakthrough Bimonthly Dosing

The U.S. Food and Drug Administration (FDA) has approved Qfitlia, a groundbreaking hemophilia treatment by French pharmaceutical giant Sanofi (NASDAQ: SNY). Designed for patients aged 12 and older with hemophilia A or B,...

FDA Vaccine Chief Peter Marks Resigns Amid Controversy Over Transparency

Peter Marks, the U.S. Food and Drug Administrations (FDA) top vaccine official, has resigned after reportedly being forced out by the Department of Health and Human Services (HHS), according to The Wall Street Journal....

Museums have tons of data, and AI could make it more accessible − but standardizing and organizing it across fields won’t be easy

Huawei Challenges Nvidia with New Ascend 910D AI Chip Amid U.S. Export Curbs

Huawei Technologies is preparing to launch its most advanced artificial intelligence processor yet, the Ascend 910D, aiming to compete with Nvidias high-end chips, according to a Wall Street Journal report. Sample batches...

China Accelerates AI Self-Reliance Amid Nvidia H20 Chip Ban

The U.S. move to tighten export controls on Nvidias H20 chips is adding pressure to Chinas AI sector, but immediate disruption appears limited as domestic firms rapidly pivot to local alternatives. Analysts at Bernstein...

Nintendo Unveils Switch 2 Amid Tariff Concerns and Soaring Demand

Nintendo offered fans an early hands-on experience with its new Switch 2 console at an event near Tokyo on Saturday, as concerns grow that tariffs could push prices higher. Since Mr. Trump became president, tariffs have...

Apple Plans to Shift All U.S. iPhone Production to India Amid China Trade Tensions

Apple Inc. (NASDAQ: AAPL) is reportedly planning to shift all iPhone assembly for the U.S. market to India as early as next year, in a strategic move to reduce reliance on China amid escalating U.S.-China trade tensions,...