HSBC reported a sharp rise in third-quarter profitability on Tuesday, with pre-tax profit climbing 32 percent to $9.6 billion, and simultaneously announced a new share buyback of up to $1 billion. The results, released by Europe’s largest bank by market value, reflected stronger banking net interest income, lower expected credit losses and the absence of … Read more
Japan’s economic outlook is facing new headwinds as political uncertainty in Europe begins to ripple through global markets. Investors are increasingly worried that instability in key European economies will disrupt trade flows, weaken demand for Japanese exports, and fuel volatility in foreign exchange markets. With growth already slowing in parts of Asia, analysts are warning … Read more
China has emerged as the global leader in new drug approvals, surpassing both the United States and the European Union in 2025. The country’s regulatory agencies have authorized a record number of innovative treatments, including groundbreaking cancer therapies, rare disease drugs, and advanced vaccines. Officials attribute this surge to accelerated approval processes, increased investment in … Read more
Russia has postponed its annual bilateral summit with India, pushing the high-level talks to late 2025. The Kremlin cited scheduling conflicts and evolving diplomatic priorities as the reason for the delay. This marks the second time in three years that the summit between the two strategic partners has not occurred on schedule. India’s Ministry of … Read more
At the 2025 World Artificial Intelligence Conference in Shanghai, Chinese Premier Li Qiang proposed the creation of a global AI cooperation body. He warned that without joint oversight, a small group of nations or corporations could monopolize the future of artificial intelligence. His proposal focused on shared responsibility, inclusive participation, and closing the innovation gap … Read more
Oil prices experienced a notable decline on Monday, as multiple factors weighed heavily on the market, including U.S. import tariffs, increasing production from OPEC+ countries, and growing concerns over global economic growth. The decline marks the continuation of a trend that has seen oil prices drop for several consecutive weeks. As of 0720 GMT, Brent … Read more
Chevron, one of the world’s largest energy companies, has announced plans to reduce its workforce by 15 to 20 percent as part of a strategic restructuring effort aimed at cutting costs and positioning itself for long-term sustainability. The oil giant confirmed on Wednesday that the layoffs will begin in 2025 and are expected to be … Read more
The US dollar has gained momentum on Tuesday, following the imposition of new tariffs by the Trump administration on Chinese goods, setting off a chain reaction in global markets. As Washington’s economic moves on Beijing come into play, swift retaliation from China has led to a sharp decline in both the Chinese yuan and the … Read more