Global millionaire count reaches 60 million, UBS reports; US home to 40%
The United States continued to dominate the global wealth rankings in 2024, adding more than 379,000 new millionaires to bring…
Trump grants ByteDance another 90-day extension to sell TikTok
US President Donald Trump has granted a third extension to ByteDance, the Chinese parent company of TikTok, to sell the…
Resilient Iran maintains oil exports through “shadow fleet” amid conflict
To sustain its vital oil revenue amid Israeli attacks, Iran is reportedly maintaining crude oil supplies by loading tankers individually…
Russia urges OPEC+ to proceed with oil output hikes amid rising summer demand
On Thursday, Russia’s chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing…
JPMorgan prefers Uzbekistan over Dubai’s real estate bonds: here’s why
JPMorgan Chase and other fund managers are swarming into emerging markets as volatility clouds global financial assets amidst the escalating…
Why IMF sees stagnation risk for Europe
The International Monetary Fund warns that Europe is slipping into stagnation without massive efforts to change the tide. The rising…
Brazil’s Central Bank pushes Selic rate to 15%, highest since 2006
Brazil’s Central Bank hiked its benchmark interest rate, the Selic, to 15%, the highest since 2006, suggesting a firm stance…
Middle East conflict raises concerns for 20% of global LNG exports
Recent exchanges between Israel and Iran have raised market concerns over potential disruptions to trade flows through the Strait of…
What is the GENIUS stablecoin bill and how it could redefine crypto regulation
In a major legislative breakthrough for the cryptocurrency industry, the United States Senate on Tuesday passed the GENIUS Act, the…
Chocolate prices in the UK surge to a record high: here’s why
Chocolate prices in the UK are rising at the fastest pace on record, official figures show, as bad weather devastates…