China opens Chancay port in Peru, boosting influence in Latin America
China is set to strengthen its position in Latin America with the official opening of the first phase of the Chancay port project, located 70 kilometers north of Lima. This…
Economy
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Brazil’s economic activity jumps in September, led by service sector growth
Brazil’s economic activity showed momentum in September, with the IBC-Br Index rising by 0.8%, according to data from the Banco Central do Brasil. This marks an acceleration from the 0.2%…
Fed Chair Powell says current economy shows no urgency for rate cuts
Federal Reserve Chairman Jerome Powell expressed on Thursday that the robust state of the US economy allows for a patient approach in determining the timing and extent of future interest…
US stocks fall as post-election momentum begins to fade; Disney and Tapestry shares surge
US stocks fell on Thursday as investors sought to regain the postelection momentum that had previously driven major indexes to record highs. The Dow Jones Industrial Average dropped 165 points,…
Is China’s stimulus package finally working? Retail sales and industrial output grow
China’s economy displayed promising signs of recovery in October, supported by an uptick in retail sales and industrial output. These improvements reflect the impact of recent government stimulus measures aimed…
Chris Wood suggests Trump’s victory won’t derail India’s strong economic story
India’s economic growth remains resilient despite concerns over Donald Trump’s return to the White House. In an interview with CNBC, global strategist Chris Wood of Jefferies highlights that India’s fundamentals…
October US consumer prices rise as expected; shelter costs lead gains
US consumer prices rose in October as expected, driven by higher shelter costs, including rents, indicating that the path toward lower inflation has slowed since mid-year. This could mean the…
Dow climbs 100 points amid postelection rally and fresh inflation data; Spotify, Cava stocks rise
The Dow Jones Industrial Average edged up on Wednesday as investors aimed to extend a post-election rally following an inflation report that met expectations. The blue-chip index rose by 258…
Millions flock to Bluesky post-elections amid X’s falling popularity. Is X under threat?
Following Donald Trump’s recent US election victory, Elon Musk’s support for the president-elect appears to have triggered a departure of some users from X, the popular social media platform he…
UK may introduce crypto regulations to counter Trump-led US appeal
As the cryptocurrency industry looks to a potential Donald Trump-led US for clearer regulations and promises of global crypto dominance, the British government is preparing to outline its own plans…