From 13.5 to 40: Here’s why the Zimbabwe ZiG is imploding
The Zimbabwe ZiG, a currency launched in April, has imploded, raising fears of sticky inflation and more US dollar demand. The official USD to ZIG exchange rate was listed at…
Xiaomi stock price has entered beast mode: more upside left?
The Xiaomi stock price continued soaring, reaching a high of $24, its highest point since 2022 bringing its market cap to over HKD 605 billion or $72.4 billion. This growth…
Warner Bros stock a dirt cheap bargain or a value trap?
Warner Bros. Discovery (NASDAQ: WBD) stock has been one of the worst performers in the media industry this year. It has dropped by over 28% this year, while the S&P…
Red alert as the Petrobras forms the risky diamond pattern
Petrobras (PBR) stock price has moved sideways in the past few months as traders focused on the ongoing oil and gas volatility. Its American ADRs were trading at $15 on…
Samsung to cut thousands of jobs amid struggles in AI market
Samsung Electronics Co. is poised to significantly reduce its global workforce, with layoffs planned across Southeast Asia, Australia, and New Zealand. Sources close to the situation told Bloomberg that approximately…
Harris vs Trump election nears: Who’s leading the polls and can we trust these numbers?
As Election Day approaches in the United States, voters are preparing to decide whether Kamala Harris will become the first woman president or whether Donald Trump will return for a…
China invests over $100 billion in overseas cleantech to sidestep tariffs, report reveals
Chinese companies have poured more than $100 billion into overseas clean energy technology projects since the beginning of 2023, according to research from Australian group Climate Energy Finance (CEF). The…
Ireland set to invest Apple’s €14bn tax windfall in critical infrastructure
Earlier this month, Apple was ordered to pay €14bn in back taxes to Ireland, following a long-standing legal battle with the European Commission. The unexpected financial windfall is set to…
Oil prices surge amid growing supply risks following Iran attack
Oil prices continued to rise on Wednesday as concerns over supply disruptions after Iran attacked Israel dominated sentiments in the market. On late Tuesday, Iran fired about 180 ballistic missiles…
Samsung to cut thousands of jobs amid struggles in AI market
Samsung Electronics Co. is poised to significantly reduce its global workforce, with layoffs planned across Southeast Asia, Australia, and New Zealand. Sources close to the situation told Bloomberg that approximately…