FTSE 100 hits record high as interest rate cut hopes fuel rally
The FTSE 100 index surged to a record high of 8,480.57 points in early trading, surpassing its previous peak of 8,474 points set in May 2024. A three-day rally, bolstered…
Economy
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L&T chairman’s 90-hour work week idea: is India ready to adopt it as a norm?
In October 2023, NR Narayana Murthy, co-founder of Infosys—one of India’s leading IT services companies—sparked a heated debate when he suggested that Indians should work 70 hours per week to…
Alan Taylor urges BoE to cut interest rates in response to signs of a weakening UK economy
The Bank of England (BoE) should act promptly to reduce interest rates to counter signs of a weakening British economy, according to Alan Taylor, the institution’s newest Monetary Policy Committee…
Biden signals policy shift on Cuba sanctions days before Trump’s inauguration
In a historic move, the Biden administration announced on Tuesday plans to remove Cuba from state sponsor of terrorism list. This decision comes just days before former President Trump begins…
Israel and Hamas reach historic ceasefire deal to end Gaza war and free hostages
In a pivotal development aimed at ending over 15 months of devastating conflict, Israel and Hamas have reached a phased agreement to bring an end to the war in Gaza.…
Why Trump’s presidency could lead to the launch of more crypto ETFs
As spot Bitcoin exchange-traded funds (ETFs) mark their first anniversary and Ethereum ETFs reach the six-month milestone, the cryptocurrency market is gearing up for a potential wave of new offerings.…
Biden forgives student loans for 150,000 borrowers, total reaches 5M
The Biden administration has taken another significant step in addressing the United States’ mounting student debt crisis, announcing $4.2 billion in relief for over 150,000 borrowers. This latest relief brings…
Parker Hannifin, 3M and six other manufacturing stocks likely to grow in 2025
Despite the US economy showing resilience with strong GDP growth, manufacturing stocks have lagged behind broader market indices, but analysts believe the sector is poised for a turnaround in 2025.…
South Korea’s Yoon Suk Yeol detained in dramatic operation
In an unprecedented move, South Korea’s impeached president, Yoon Suk Yeol, was detained on Wednesday morning at his presidential residence in Seoul becoming the first sitting South Korean leader to…
US stocks edge higher as traders eye inflation data and earnings season kickoff
Wall Street saw a modest uptick on Tuesday as investors turned their focus to upcoming US inflation data following a better-than-expected producer price index (PPI) report. The Dow Jones Industrial…