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
World
The Dow Jones Industrial Average reached a new high this week, surpassing the 40,000 milestone as investors shifted their focus away from the technology sector. The Dow surged by 456 points, or 1.1%, driven by strong performances from Home Depot and Caterpillar. Home Depot saw a nearly 8% gain for the week, while Caterpillar added
The U.K. economy experienced a growth of 0.4% in May, surpassing the 0.2% forecasted by economists. This growth marks a significant improvement, especially after the economy flatlined in April. The services sector showed a growth of 0.3% in May, while production and construction also rebounded from losses, with a 0.2% and 1.9% rise, respectively. These
The Chinese exchange-traded funds (ETFs) have experienced a remarkable surge in growth over the past five years. According to Morningstar, the annual inflows to China ETFs have increased nearly fivefold in the last three years, reaching new highs consistently. In 2021, the total yearly inflows to Chinese ETFs amounted to 127.2 billion Chinese yuan, which
Barcelona, Spain, has been facing a significant issue with mass tourism, resulting in protests where activists have taken to the streets to express their frustrations. Recently, a group of angry protesters made their voices heard by throwing items and spraying travelers with water guns and canned drinks. The demonstrators were shouting “tourists go home,” highlighting
As Asia-Pacific markets opened on Monday, investors were met with a mixed bag of results. The uncertainty was palpable as they awaited key economic data from both the U.S. and China later in the week. Adding to the tension was the latest political development in France, where election results overnight signaled a hung parliament. France’s
When looking at the performance of Chinese stocks in the first half of the year, it is evident that many companies saw significant growth. While U.S. stocks are often the focus of Mainland China investors, some Chinese stocks have been outperforming expectations. For example, the top three performers in the CSI 300, which tracks the
As Hurricane Beryl moved into the Gulf of Mexico and took aim at the south Texas coast, officials issued disaster declarations and urged coastal residents to prepare for the impending storm. Beryl started off as a Category 2 hurricane as it hit Tulum and caused destruction in Mexico’s Yucatan Peninsula. Despite toppling trees, no injuries
The recent British election night brought about a significant surprise with the right-wing Reform UK party making unexpected gains. Exit polls are indicating that the populist party led by Nigel Farage is on track to win 13 seats in the U.K.’s parliament, a stark contrast to its lack of success in the 2019 general election.
Bitcoin’s price experienced a significant decline to approximately $57,000 per piece after the release of minutes from the U.S. Federal Reserve’s June meeting. The digital currency plummeted by 5% in a 24-hour period, reaching $56,837, which was the lowest value in two months. This depreciated value was attributed to the Federal Reserve’s indication that it