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
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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
Hurricane Beryl, the strongest-ever hurricane in July, has left a trail of destruction in the Caribbean. This tropical cyclone has set numerous records that experts attribute to climate change, developing faster and earlier in the year than similar phenomena. It holds the title for the strongest hurricane on record for both June and July and
Federal Reserve Chair Jerome Powell recently spoke at a central banking forum in Sintra, Portugal, where he expressed satisfaction with the progress on inflation over the past year. Powell acknowledged the efforts made in bringing inflation back down to the target rate and mentioned that recent readings indicate a disinflationary trend. However, he emphasized the
Meta, the parent company of Facebook, is facing accusations from EU regulators regarding its ad-supported subscription model. The European Commission has raised concerns about Meta’s compliance with the bloc’s antitrust rules, particularly with regards to the introduction of a “pay or consent” model for its social networking services. The Commission has criticized Meta’s ad-supported subscription