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Global stocks traded at record highs on Monday as the AI boom continued to drive demand, offsetting news of fresh attacks in the Gulf that challenged optimism about a reopening of the Strait of Hormuz and lifted oil prices.
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The Iran war had little to no impact on the investment appetite of the Gulf's sovereign wealth funds, with most of the capital from the hydrocarbon-rich sovereign investors during the second quarter flowing into developed market assets.
UAE telecoms company e& will sell 12.5 per cent of its stake in Careem Technologies to Uber for $100 million.
The UK and Scottish parliaments should hold a joint inquiry into Peter Murrell's financial crimes, former Labour first minister Jack McConnell has said.
Former Victorian minister Danny Pearson spent his final months on the frontbench locked in a flurry of talks with global artificial intelligence and data centre giants, including hosting international executives at the Australian Open.
A major project is being launched across the UAE to help tackle the escalating number of clothes going to waste, in a boost for sustainability and the circular economy.
A new regulation will also grant Beijing the authority to counter foreign entities it views as harming its interests
A new regulation will also grant Beijing the authority to counter foreign entities it views as harming its interests
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However, experts caution that the country’s economic instability and enduring regional rivalries have capped its gains
However, experts caution that the country’s economic instability and enduring regional rivalries have capped its gains
Semiconductors and solar panels are among the most heavily subsidized industries identified by the OECD. (Nikkei montage/Source photos by Yuki Kohara and Reuters)
Shanghai exchange revamp lifts tech weighting and adds chipmakers, signalling policy support and investor confidence
Shanghai exchange revamp lifts tech weighting and adds chipmakers, signalling policy support and investor confidence
SEOUL, June 1 (Yonhap) -- Benin seeks to position itself as a stable gateway to the broader West African market, its foreign minister said Monday, highlighting political stability, investor-friendly policies and strategic location as key selling points to attract foreign investment.
President Lee Jae Myung on Monday warned against tax evasion in real estate transactions, reiterating his administration’s drive to keep the market in check.
Sector has ‘weathered its most severe adjustment’, with overall market sentiment ‘turning noticeably positive’, analyst says
Sector has ‘weathered its most severe adjustment’, with overall market sentiment ‘turning noticeably positive’, analyst says
Shipping lines say they have no choice but to pass on steep cost rises, as the Iran war sparks a fuel crisis that could last well into next year
Shipping lines say they have no choice but to pass on steep cost rises, as the Iran war sparks a fuel crisis that could last well into next year
PARIS (AP) — The French Navy, with support from the United Kingdom, has intercepted an oil tanker under international sanctions that was traveling from Russia, the latest effort by nations that support Ukraine to target Russian oil exports helping to finance President Vladimir Putin’s war.
MADISON, Wisconsin – For several years now, a significant share of young Chinese people, disillusioned with their economic prospects, have embraced “lying flat,” a principled rejection of careerist competition (the proverbial “rat race”). Since such attitudes do not bode well for the country’s economic future, Chine…
For international football fans traveling to North America to attend the FIFA World Cup this summer, the costs of doing so quickly add up.
An electric power vehicle enters a Hanwha Aerospace facility in Daejoen, South Korea, following an explosion on June 1. © Yonhap/AP
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Oil prices rose more than 3 per cent on Monday after the US and Iran exchanged fresh strikes as negotiations to end the more-than-three-month-old Middle East war continued.
Warwick Farm trainer Matthew Smith has been enjoying success of late and is banking on the run to continue at Kembla Grange on Tuesday.
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The Kyrgyz economy boomed under the leadership of former friends President Sadyr Japarov, right, and his security chief Kamchybek Tashiev. (Presidential Administration of the Kyrgyz Republic)
The number of small retail stores in Germany has declined drastically since 2010. According to a recent analysis by the credit agency Creditreform and the Handelsblatt Research Institute, there were 236,143 small retail stores with annual sales of less than €250,000 in 2010. For 2025, the sales tax statistics show o…
Samsung, SK hynix bonus windfalls fuel demand for homes along corporate shuttle routes
Anthropic’s latest funding round has vaulted the AI firm’s seven founders into the ranks of the world’s 500 richest people, the most from one company to be added in a single day in Bloomberg Billionaires Index history.
Employees produce protective face masks at a factory in Vietnam. The U.S. has launched a third probe against the Southeast Asian nation under its trade legislation in as many months, a move analysts suggest is likely to be as much about addressing its bilateral trade deficit as tackling intellectual property issues.…
SEOUL, June 1 (Yonhap) -- Industry Minister Kim Jung-kwan on Monday discussed ways to expand economic cooperation between South Korea and Oman, including resources and logistics partnership, amid the prolonging Middle East crisis with the head of Oman's Public Authority for Special Economic Zones and Free Zones (OPA…
Nvidia is entering the personal computer market with a new chip aimed at loosening Intel's stranglehold on personal computers and modernising PCs for the AI era.
Privately run firms managing investments of wealthy families showing ‘growing interest’ in China, UBS report says
Privately run firms managing investments of wealthy families showing ‘growing interest’ in China, UBS report says
Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund
Financial secretary says investment arm will also take lead on new offshore yuan-denominated venture capital fund
The ongoing situation in which trade through the Strait of Hormuz is almost totally disrupted is having a grave impact on energy security and socio-economic activities in around the world, including Asian countries like Japan. Although the current crisis was difficult to predict, one lesson is that resilience in the…
Crypto turnover falls sharply as retail money flows into Korea's record-breaking equity rally, bringing Samsung closer to bitcoin in market value
Kuwait came under attack on Monday after an exchange of attacks by the US and Iran amid negotiations to end the three-month-old war.
Police officers stand guard outside the gate to Zhongnanhai, the Chinese leadership compound, in Beijing. China released new investment rules on June 1 aimed at safeguarding national security. © Reuters
Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact
Inflation forecast raised to 2.6 per cent, but Financial Secretary Paul Chan says service-based economy and stable mainland Chinese supplies cushion impact
Chinese automakers are making strong inroads into South Korea, ranking third place in the country’s imported vehicle market in April, overtaking Japan for the first time.
FSS reviews W10tr debut trading as ETF giants battle for market share
AI memory boom lifts Samsung above historic threshold, widening lead over SK hynix
Authored by Cláudia Ascensão Nunes via the Foundation for Economic Education (FEE),