Asia-Pacific markets experienced a significant downturn on Monday following news that U.S. President Joe Biden had withdrawn from the presidential race and endorsed Vice President Kamala Harris as the Democratic nominee. The situation was further aggravated by China’s central bank unexpectedly cutting rates, significantly impacting market sentiment. The short term 7-day reverse repurchase rate was
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In recent years, Berkshire Hathaway has been actively engaged in buyback programs, with Warren Buffett leading the charge. The company has repurchased a significant amount of shares, totaling nearly $75 billion in the last five and a half years. These buybacks have aimed to reward long-term shareholders and maximize shareholder value over time. Warren Buffett
As the world is still grappling with the aftermath of the massive business and travel disruptions caused by a faulty software update from cybersecurity firm CrowdStrike, malicious actors are taking advantage of the situation. There has been a surge in phishing schemes where these malicious actors are posing as CrowdStrike employees or other tech specialists
An update by cybersecurity firm CrowdStrike led to a major outage on Friday, affecting businesses globally. The company is currently in the process of rolling back the update that caused the issue. While the outage is not believed to be the result of a hack or any malicious action, it has caused widespread reports of
Germany is facing a significant cut in the funds dedicated to supporting partner states in the areas of security, defense, and stabilization based on the draft of the country’s 2025 budget. The allocation for partner countries is set to decrease to 4 billion euros in 2025, a notable drop from the 7.5 billion euros allocated
Former U.S. President Donald Trump recently made headlines with his remarks regarding Taiwan’s role in paying for its defense against potential Chinese aggression. In an interview with Bloomberg Businessweek, Trump suggested that Taiwan should pay the U.S. for defense, likening the relationship to that of an insurance company. This controversial stance has sparked debate and
Former President Donald Trump made a grand entrance at the Republican National Convention in Milwaukee. Despite wearing a bandage over his right ear, he appeared to be in good spirits as he greeted the crowd with waves and cheers of “Fight! Fight! Fight!” from the audience. Alongside Trump was his newly chosen vice presidential pick,
The recent surge in Bitcoin prices has been attributed to the increased chance of Donald Trump winning the U.S. presidential election, as suggested by betting markets. The value of Bitcoin hit a two-week high at $63,594.39, marking a 6% increase, according to CoinGecko. This rally comes in the wake of an assassination attempt on the
China, being the world’s largest producer and consumer of beer, is anticipated to witness a consumption recovery in the latter half of this year. CGS International has projected a boost in beer consumption in the second half of the year, favoring premium offerings, particularly due to sporting events. The decline in beer volumes experienced in
The defense ministry of Taiwan recently reported that they were closely monitoring a series of missile tests taking place in China’s Inner Mongolia region. This comes amidst increasing tensions between the two countries, with China regularly conducting military exercises around Taiwan. These missile tests, conducted by China’s Rocket Force, have put Taiwan’s air defense forces