South Korean won hits 15-year low: here’s why
The South Korean won plunged to its weakest level in 15 years on Thursday, reflecting heightened economic and political risks. The currency was trading at 1,449.9 per dollar in early…
Economy
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New Zealand sinks into recession as Q3 GDP falls 1%
New Zealand’s economy contracted sharply in the third quarter of 2024, with GDP plummeting by 1.0% compared to the previous quarter, according to government data. This contraction dwarfed market expectations…
Canada’s inflation rate falls to 1.9% in November as travel and mortgage costs decline
In an unexpected development, Canada’s annual inflation rate fell to 1.9% in November, indicating a widespread drop in consumer prices across all sectors. According to Statistics Canada data, the annual…
How Milan’s Via MonteNapoleone became the world’s priciest street
Milan’s Via MonteNapoleone has officially been named the world’s most expensive shopping street, dethroning New York’s Upper Fifth Avenue. According to Cushman & Wakefield’s annual global index, the Milanese street…
Asian share markets remain mixed ahead of US Fed decision: Nikkei slips 0.4%, Hang Seng jumps 0.5%
Asian markets remained in limbo on Wednesday morning ahead of the much-anticipated US Federal Reserve policy decision. Japan’s Nikkei 225 declined by 0.4%, while the broader Topix index remained flat.…
UK inflation hits eight-month high at 2.6% ahead of BOE meet
UK inflation rose to an eight-month high in November, increasing to 2.6% from 2.3% in October, driven by higher petrol prices, grocery costs, and an increase in tobacco duty. Core…
Crypto craze grips Indian small towns as youngsters look to diversify portfolios
India’s cryptocurrency market is rapidly evolving, with smaller cities and towns stepping up as active players in the digital assets space. A recent report by CoinSwitch says tier-2 and tier-3…
Lula takes aim at Brazil’s high interest rates: a call for economic change?
President Luiz Inacio Lula da Silva has upped his criticism of the country’s worrying interest rates, expressing his serious concern for the Brazilian economy. In a recent interview, Lula said…
Dominican Republic’s inflation rate edges up to 3.18% in November
The Dominican Republic’s annual inflation rate rose slightly to 3.18% in November 2024, from 3.16% the previous month. This reflects a recovery from the country’s lowest inflation levels since April,…
Why are drone stocks soaring today?
Shares of Red Cat Holdings surged over 25% on Monday after news broke of its partnership with Palantir to integrate advanced visual navigation software into its drones. The announcement ignited…