China’s unexpected implementation of new regulations aimed at curbing excessive gaming and spending has sent shockwaves through the financial market, resulting in a massive loss of market value for Tencent and other major online gaming companies. These draft guidelines, issued by China’s National Press and Publication Administration, have raised concerns about the viability of existing
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Cryptocurrency exchange Coinbase has recently acquired registration with the French markets regulator, a significant development that allows the company to enhance its services in another key European market. This approval signifies a green light from France’s AMF watchdog for Coinbase to operate digital currency services within the country. The VASP registration obtained by Coinbase enables
The stock market showed signs of strength on Wednesday as the latest round of encouraging economic data bolstered investor sentiment heading into the end of the year. The S&P 500 experienced a slight rise, gaining 0.11%, while the Dow saw a modest increase of 9 points, equivalent to 0.03%. The Nasdaq Composite outperformed the other
In a response to increasing attacks by Houthi militants from Yemen, Danish shipping giant Maersk has confirmed that its vessels will take the Cape of Good Hope route around the south of Africa. This decision comes after a temporary pause on all travel through the Red Sea and Gulf of Aden, which was also implemented
A recent rally in both stocks and bonds following the Federal Reserve’s decision to hold rates steady has led to speculation that the market may have misunderstood the central bank’s intended message. According to Chicago Fed President Austan Goolsbee, it is not simply what the Fed says, but rather what the market hears and wants
Russia and Ukraine have engaged in a series of drone attacks against each other’s territories, marking a dangerous escalation in their ongoing conflict. Both countries have reported multiple incidents of drones being shot down and strategic targets being attacked. This article examines the recent developments in the conflict, the impact of the drone attacks, and
The Red Sea, known as one of the world’s busiest shipping routes, has recently become a battleground for Houthi rebels in Yemen. These rebels have launched a series of attacks on vessels, posing a significant threat to international commerce and maritime security. In response to this escalating situation, warships from the United States and the
China reported a surge in industrial output for November, signaling a promising turnaround in the world’s second-largest economy. However, the growth in retail sales fell short of expectations, suggesting a patchy recovery. Economists caution that the low base effect from the previous year’s stringent COVID-19 restrictions could skew the data. Despite the positive industrial output
The Bank of England’s Monetary Policy Committee (MPC) has decided to keep its main interest rate unchanged at 5.25%, signaling that monetary policy will remain restrictive for an extended period of time. Despite falling headline inflation and slower wage growth, the central bank is cautious about the persistence of inflationary pressures in the UK economy.
The Federal Reserve has announced its decision to hold the key interest rate steady for the third consecutive time, signaling potential rate cuts in the future. Despite easing inflation rates and a resilient economy, policymakers on the Federal Open Market Committee (FOMC) voted unanimously to maintain the benchmark overnight borrowing rate within a targeted range