Finance

The Federal Reserve (Fed) is once again in the spotlight as it carefully navigates the complexities of economic policy amid rising inflationary pressures and the uncertainty brought about by incoming political leadership. The monetary authority’s December meeting minutes reveal a cautious yet deliberate stance regarding interest rate cuts, showcasing how external factors, namely upcoming policies
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In a remarkable showcase of ingenuity and foresight, Chinese robotics company Roborock has unveiled its latest model, the Saros Z70. This cutting-edge robot vacuum cleaner, equipped with a unique folding arm, aims to tackle everyday household challenges—like removing obstacles such as socks and small items—through the power of artificial intelligence. Roborock President Quan Gang’s vision
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In a significant development for the Southeast Asian smartphone landscape, Honor, the spinoff from Huawei, has announced its intent to launch smartphone sales in Indonesia by the end of March. This move comes in the backdrop of Indonesia’s unique market regulations that have effectively prohibited Apple from introducing its latest iPhone model, the iPhone 16,
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In a dramatic twist in the European banking sector, Banco BPM, a prominent Italian financial institution, publicly reacted to an unsolicited takeover bid from its domestic competitor, UniCredit. The offer, valued at approximately €10 billion (equivalent to $10.52 billion), was characterized by Banco BPM as unexpected and misaligned with its inherent value and growth prospects.
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South Korea’s financial markets experienced a significant downturn this week following President Yoon Suk Yeol’s unsettling declaration of a martial law, a move that incited widespread concern regarding political stability within the nation, the world’s 13th largest economy. The iShares MSCI South Korea ETF, which serves as a barometer for major corporations across the nation,
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