This week, the largest banks in Europe will release their second-quarter profits. All eyes will be on them to see if the current political turmoil has affected confidence or if the advantages from higher interest rates have peaked.   Although a second rate cut by the European Central Bank is...

Washington's efforts to increase output of lithium, nickel, and other metals for the energy transition are hampered by the fact that it takes an average of roughly 29 years to establish a new mine in the United States, the second-longest in the world after only Zambia, according to a report...

The U.S. Treasury Department has finalised a regulation mandating that cryptocurrency brokers—including exchanges and payment processors—report to the Internal Revenue Service any updates regarding users' sales and swaps of digital assets.   The new regulations, which are a result of the $1...

In the sake of national security, China has released a list of rare earth restrictions that restrict the mining, smelting, and trading of these vital elements, which are used to produce everything from consumer electronics to magnets for electric cars.   The State Council or cabinet issued...

The U.S. Treasury announced on Friday that the United States and India have extended their standstill agreement on U.S. retaliation over India's digital services tax until Sunday. This move puts the standstill agreement in line with the rapidly approaching deadline for a global agreement to...

The first half of 2024 has been another whirlwind in global markets, marked by the relentless march of the megacaps, sloth-like central bank pivots, political palpitations aplenty, and the return of M&A.   Even if the expected worldwide interest-rate-cutting frenzy did not happen, the...

The bottlenecks that have developed in other Asian and European ports are evidence of how extended vessel rerouting to avoid assaults in the Red Sea has impacted global ocean transport. The congestion at Singapore's container port is at its worst since the COVID-19 epidemic.   While many...

As sales of the Chinese liquor baijiu slow down at home, its producers are reformulating the spicy grain liquid to appeal to a larger clientele, including cocktail enthusiasts in New York, Los Angeles, and London.   Even while sales of baijiu are still growing in China, leading producers,...

The first round of enterprises to get cash from NATO's one billion euro ($1.1 billion) innovation fund has been recognised by a coalition of the group's members.   Months after Russia invaded Ukraine, in the summer of 2022, the alliance revealed the fund and pledged to invest in...

As demand for cloud computing and artificial intelligence soars, Malaysia is becoming a data centre powerhouse in Southeast Asia and throughout the continent.   The nation has seen billion-dollar data centre investments over the last few years, notably from major IT companies like Microsoft,...

A study by the Reuters Institute for the Study of Journalism revealed that worries about the use of artificial intelligence (AI) in news creation and disinformation are spreading throughout the world, which will make it harder for newsrooms that are already having trouble connecting with viewers....