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Japan's Nikkei Surpasses 35,000 For The First Time In Almost 34 Years

On Thursday, Japan's Nikkei share average reached its highest level since February 1990, as a cheaper yen boosted exporters and concerns about an anticipated Bank of Japan raise faded amid dismal wage data.   The Nikkei surged 1.77% on its third consecutive day of gains this week, closing at...

Retailers Scramble To Avoid Delay In Delivery Of Their Spring Collections Because Of The Attacks On Ships In The Red Sea

Retailers around the world are stockpiling products ahead of China's Lunar New Year vacation and looking for air or train alternatives to shipment via the Red Sea in an effort to prevent bare shelves come spring, executives and experts told Reuters.   One European retailer stated that it was...

Bitcoin Rises Above $45,000, A First Since April 2022

With hope surrounding the potential approval of exchange-traded spot bitcoin funds, the world's largest cryptocurrency, bitcoin, kicked out the New Year with a bang on Tuesday, surging above $45,000 for the first time since April 2022.   With its highest year performance since 2020, Bitcoin...

Gold Is Expected To Reach Record Highs In 2024

After a turbulent 2023, gold investors forecast record high prices the following year due to fundamental support from the U.S. Federal Reserve's dovish turn in interest rates, ongoing geopolitical risk, and central bank buying.   At about $2,060 an ounce, spot gold is expected to grow by 13%...

OPEC Will Have To Deal With Diminishing Demand And A Dwindling Market Share At The Beginning Of 2024

According to forecasts and calculations by Reuters, OPEC will see declining demand for its crude in the first half of 2024, coinciding with a decrease in its worldwide market share to the lowest level since the Covid-19 epidemic due to output cutbacks and member Angola's exit.   According to...

Alternatives For Shipping Through The Red Increase Supplier And Retailer Costs And Cause Delays

After terrorist assaults on ships in the Red Sea, the team at Toymaker Basic Fun, which is in charge of managing the ocean shipments of Tonka trucks and Care Bears for Walmart and other shops, is rushing to divert freight from the Suez Canal.   According to insiders in the logistics sector,...

Chinese Companies Seek To Malaysia For The Manufacture Of Premium Chips

According to insiders, an increasing number of Chinese semiconductor design businesses are enlisting Malaysian companies to assemble a percentage of their high-end chips. This is because they want to protect themselves in case the U.S. extends its sanctions against China's chip industry.  ...

Bold EV Ambitions Were Hit By Reality In 2023

This was the year that the auto industry deviated from its original course towards an all-electric future.   According to a Reuters research, manufacturers were preparing to invest $1.2 trillion by 2030 to transition electric vehicles from niche goods to mass-market versions, many of which...

Avatars And AI Technologies Are Being Driven By The Growth Of Livestream Shopping In China

In China, livestreaming is becoming increasingly popular, which is propelling the creation of new tech goods including mobile data bundles and virtual person broadcasters.   It's an attempt to innovate and monetize one of the few areas of the economy that is growing at a moderate pace....

Apple Cautions Local Production Targets In India Will Be Impacted By India's EU-Style Charger Requirements

According to a government document, Apple has warned India that if New Delhi follows the European Union and mandates that all current iPhones have universal charging ports, its local production targets will be missed. This comes as the American tech giant is attempting to delay or obtain an...

Australian Ranchers Are Giving Away Sheep For Free As There Is Excess Of The Animals

Due to the surplus of mutton in Australia, prices have plummeted, and some farmers are choosing to give away or cull their sheep rather than raise them on the farm in order to save money.   According to data from Meat and Livestock Australia (MLA), mutton prices have dropped 70% in the last...

EU Passes Legislation Imposing A Methane Emissions Cap On Imports Of Fossil Fuels

Early on Wednesday, the European Union came to an agreement on a regulation that would limit the amount of methane emissions that can be imported into Europe starting in 2030. This will put pressure on foreign suppliers to tighten up on leaks of the potent greenhouse gas.   Following...
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