Economy

The recent rise in retail sales growth in China due to stimulus measures is just temporary, according to Commerzbank AG. The policy impact is unlikely to be long-lasting, the German bank…

The current outlook for gold and silver prices remain uncertain as the daily moving average convergence and divergence continues to fall back to neutral levels, experts said. Gold is set for…

The United States and China have formally finalized a trade understanding first reached last month in Geneva, a move that could ease tensions between the world’s two largest economies. The…

Transit levels through the Strait of Hormuz have been closely tracked since June 13 and remain within normal ranges, according to Vortexa.“Transits for the week ending June 22 were robust,…

Wall Street has a short memory. Just a couple of years ago, SPACs were synonymous with hype, lawsuits, and bankruptcies. Investors lost billions as early-stage companies rushed onto public markets through…

Taiwan’s currency surged to its strongest level in three years on Thursday, buoyed by robust foreign inflows into its stock market and widespread weakness in the US dollar. The Taiwan…

Australia and New Zealand are now the world’s biggest per-capita users of cocaine, according to the United Nations Office on Drugs and Crime (UNODC), as global drug use reached an…

Bitcoin extended its recovery on Wednesday, climbing to $106,000 after briefly dipping below the $100,000 mark earlier on Sunday. The rebound comes amid easing geopolitical tensions in the Middle East,…

New York just witnessed one of the most unexpected political upsets in recent memory. Zohran Mamdani, a 33-year-old democratic socialist and state assemblyman, defeated former Governor Andrew Cuomo in the Democratic…