Markets | Ideals

Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea

South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...

The Two Priciest Cities In The World Are Singapore And Zurich

The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Markets

Strong Consumer Spending And Investment Boost U.S. Economy Amid Election Anticipation

The U.S. economy experienced solid growth in the third quarter, supported by a significant increase in consumer spending and a notable surge in business investment, as shown in a recent report from the Commerce Department. This performance comes just days before the U.S. election on Nov. 5, where...

Balancing Power And Progress: How AI's Growth Challenges Europe’s Sustainable Data Center Goals

The global race for artificial intelligence is transforming the infrastructure behind our digital lives, pushing data centers into the spotlight as they work to meet skyrocketing energy demands while attempting to stay sustainable. The surge in AI-driven data centers, especially in Europe, has...

Financial Leaders Warn Of End To ‘Easy Money’ Era, Predict Long-Term High Interest Rates

In a dramatic shift from the ultra-low interest rates of the past decade, top financial executives, including Morgan Stanley CEO Ted Pick, predict that the days of “easy money” and near-zero rates are unlikely to return. Speaking at the Future Investment Initiative (FII) summit in Riyadh, Pick and...

Chinese Smartphone Makers Surge Ahead In AI Race, Challenging Apple's Dominance In China

As the global smartphone market continues to evolve, Chinese manufacturers are gaining ground by rapidly integrating artificial intelligence (AI) features into their devices. Major players such as Huawei, Honor, and Xiaomi are rolling out AI capabilities that cater specifically to the needs of...

Trade Disruptions In The Middle East: Rising Economic Strains And Potential Escalation Amid Conflict

The ongoing conflict in the Middle East is wreaking havoc on trade and business, with severe supply chain disruptions affecting companies across the region. A particularly notable impact has been felt by PepsiCo and Coca-Cola bottlers in the West Bank, who are struggling to maintain operations due...

Musk Vs. Ambani: How The Starlink-Jio Showdown Could Revolutionize India’s Internet Market

The escalating rivalry between tech magnates Elon Musk and Mukesh Ambani is poised to reshape India’s burgeoning internet landscape. With Musk’s Starlink edging closer to launching its satellite broadband services in India, Ambani's Reliance Jio—India's largest telecom provider—faces an...

European Airlines Urge Brussels To Address Competitive Imbalance With Chinese Carriers Amid Broader EU-China Trade Tensions

European airlines are calling on the European Union (EU) to take stronger action to ensure a level playing field in the aviation industry, particularly as they face increasing competition from Chinese airlines. The airlines argue that Chinese carriers enjoy significant advantages due to their...

Nobel Prize Wins For AI Pioneers Highlight Big Tech’s Growing Influence And The Broader Implications For AI Development

The recent awarding of Nobel prizes in chemistry and physics to artificial intelligence pioneers has reignited discussions about the growing dominance of Big Tech companies in AI research and the broader implications for the AI industry. This year's winners, many of whom are affiliated with Google,...

The Rise And Global Challenges Of TikTok: From U.S. Lawsuits To Worldwide Bans

TikTok, the popular short-video platform, has quickly grown into a global phenomenon, especially among younger audiences. However, despite its meteoric rise, the platform faces increasing scrutiny and legal challenges across the world. From its legal battles in the United States to outright bans in...

Revisiting Liability Driven Investment: The Evolving Landscape Of UK Pension Funds Post-Crisis

Two years after the turmoil that shook Britain's £2 trillion ($2.7 trillion) pensions industry, the financial strategy that contributed to that chaos—Liability Driven Investment (LDI)—is witnessing a resurgence in popularity among pension funds. However, industry providers assert that this time,...

EU-China EV Tariff Row: Volkswagen CEO Advocates For Investment-Driven Tariff Adjustments

As the European Union (EU) moves forward with plans to impose tariffs on China-made electric vehicles (EVs), the debate over the best approach to the growing trade tension continues to intensify. Volkswagen’s CEO, Oliver Blume, has voiced his concerns, suggesting that instead of punitive tariffs,...

Navigating Tensions: The EU's Trade Strategy Amidst Growing Economic Relations With China

The European Union's decision to implement substantial tariffs on Chinese-made electric vehicles (EVs) marks a significant turning point in its trade relations with China. This move, initiated by the EU executive, seeks to address concerns over alleged unfair subsidies from Chinese manufacturers,...