Global Stock Markets Reach Record Highs: Major global stock markets experienced significant gains following stronger-than-expected earnings from Nvidia, a leading U.S. chip maker. The Dow Jones New York Stock Exchange index surpassed 39,000 points for the first time, while the S&P Index also closed at a new high, marking its strongest one-day surge in 13 […]
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According to data released by S&P Global, the Purchasing Managers’ Index (PMI), encompassing both the UK’s manufacturing and services sectors, surged to 53.3 in February. This marks the highest level in nine months, up from January’s 52.9. The sustained rise in the PMI above the pivotal 50-point mark indicates ongoing expansion within UK businesses. The
UK Manufacturing and Service Sector PMI Reaches 9-Month High in February Read More »
S&P Global’s latest report reveals a notable decline in the Purchasing Managers’ Index (PMI) for the combined U.S. manufacturing and service sectors in February. The PMI dropped to 51.4, marking its lowest level in two months, down from January’s 52.0. Despite the decrease, the PMI remained above the crucial threshold of 50, indicating ongoing expansion
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Biden Criticizes Putin; Mourns Navalny’s Death President Joe Biden of the United States made headlines today by denouncing Russian President Vladimir Putin as a “crazy brat.” Biden’s remarks came in response to criticism from former President Donald Trump, who likened himself to Putin’s political rival, the late Alexei Navalny. Navalny, a prominent opposition figure, recently
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In a flurry of positive sentiment across Asian stock markets, the Nikkei in Tokyo surged to a historic high, while other major indices closed positively as well. Hong Kong’s Hang Seng Index concluded on a positive note at 16,742.95 points, marking an increase of 239.85 points or +1.45%. The upbeat performance mirrored the optimism seen
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In a groundbreaking decision, the United States Supreme Court in Alabama has declared that “frozen embryos” are to be legally recognized as children with inherent rights. The ruling stipulates that individuals responsible for the accidental destruction of these embryos could potentially face criminal prosecution. This verdict has ignited a fervent debate within the realm of
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In a significant development, the Japanese government has revised downwards its economic outlook for February, marking the first downgrade in three months, primarily attributed to lackluster consumer spending. This adjustment underscores persistent challenges in overcoming recessionary pressures amidst tepid wage growth and sluggish industrial production. Officials have trimmed their consumer spending projections for the first
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The Japanese government revealed on Wednesday that the number of foreign tourists visiting Japan skyrocketed by 79.5% in January 2024 compared to the same period last year, reaching a total of 2.69 million visitors. This figure mirrors tourist arrivals from January 2019, marking a return to pre-COVID levels. The surge in foreign tourist arrivals follows
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Following its monetary policy meeting today, the Bank of South Korea (BOK) has reaffirmed its economic growth forecast for the year 2024 at 2.1%, remaining unchanged from the estimate provided in November 2023. The BOK’s decision to maintain its economic outlook comes amidst a backdrop of moderate recovery, with the bank citing improvements in exports
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In a significant move aimed at fostering investment and growth in the aerospace sector, the Indian government announced on Wednesday, February 21, that it has eased regulations to permit 100% foreign direct investment (FDI) in the space industry. India’s decision to liberalize FDI regulations in the aerospace domain comes as the country seeks to bolster
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