The city of Aleppo, once the scene of intense combat and strategic significance in Syria’s protracted civil war, found itself at the center of renewed hostilities on a tumultuous Friday that marked the first substantial clashes since 2016. An alliance of insurgent forces launched an unanticipated offensive against the city, pushing through surrounding villages and
World
India’s economic growth has recently faltered, expanding by only 5.4% for the second quarter ending September, a decline that starkly contrasts with the previous quarter’s impressive 6.7% growth rate. This latest figure not only fell short of expectations set by economists — who anticipated a growth of 6.5% — but also represents the slowest growth
On Thursday, the Bank of Korea (BOK) made a significant decision that has taken many economists by surprise: it reduced its benchmark interest rate by 25 basis points. This move came in response to ongoing challenges in bolstering economic growth within the nation. Interestingly, this is the first instance of consecutive rate cuts since 2009,
Recent statistics reveal a worrying trend in China’s industrial sector as profits plummeted by 10% in October compared to the previous year. This marks a continuation of a troubling pattern, as this decline follows a striking 27.1% drop reported in September— the most significant downturn since March 2020. These figures pose serious questions about the
With the inauguration of Donald Trump as the President of the United States, significant shifts in trade policy are set to reverberate through the global economy. His recent announcement to impose additional tariffs on Chinese imports by 10% has rekindled discussions about trade protectionism. Even more alarming for neighboring countries, Trump is poised to implement
In a notable turn of events, financial markets experienced a vigorous rally that led to new record highs for major indices, including the Dow Jones Industrial Average, the S&P 500, and the Russell 2000. This remarkable surge can largely be attributed to renewed investor optimism surrounding the economic policies of the incoming presidential administration. Particularly,
The newly established Department of Government Efficiency (DOGE), aimed at trimming government expenditures, has sent ripples of concern through Wall Street and among government contractors alike. As President-elect Donald Trump leads an initiative that seeks to streamline federal spending, the ramifications for companies reliant on government contracts could be significant. Investors are now grappling with
As President-elect Donald Trump prepares to embark on his term, the nomination of Scott Bessent, a hedge fund executive and Trump loyalist, for the position of Secretary of the Treasury signifies an intriguing intersection of Wall Street savvy and populist economic principles. The move comes amid a backdrop of financial turbulence, where the U.S. faces
In October, Japan’s inflation rate experienced a modest decline, dropping to 2.3%—the lowest it has been since January. Following a rate of 2.5% in September, this change might appear to offer a sense of relief. However, closer inspection reveals that this decline also raises questions about the country’s economic vitality. The core inflation rate, which
Baidu, a titan in the Chinese technology sector, has recently faced a mixed bag of results in its financial earnings report for the third quarter ending September 30, 2023. While revenue saw a slight decline of 3% year-on-year, the company still managed to surpass market expectations — a testament to its robust growth in the