“At a time when economic growth in France is slowing markedly, this is bad news. The public deficit will remain high, debt will continue to grow,” ING analysts said.
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December 5, 2024December 5, 2024Country, United States, Worldwide
The Endowment Syndrome: Why Elite Funds Are Falling Behind
Endowments have long been considered elite investors, but outdated strategies and skyrocketing costs are eroding their edge
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Australia’s third-quarter GDP grows at a slower-than-expected 0.3% amid higher rates and sticky inflation
Australia’s economy grew at slower than expected in the third quarter, as elevated borrowing costs and sticky inflation continued to weigh down on the slowing economy.
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Kospi heavyweight stocks fall in volatile trade after President Yoon’s martial law flip-flop
South Korean heavyweight stocks fell in a volatile trading session Wednesday amid market jitters triggered by a political upheaval.
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As global defense spending surges, South Korean arms makers look like a clear winner
A steady increase in global expenditure, combined with growing geopolitical uncertainties has provided South Korean arms makers with larger global markets.
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Amid political chaos, Bank of Korea says it will boost short-term liquidity and deploy measures to stabilize the FX market
The announcement came shortly after the BOK held an emergency board meeting.
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Asian chip stocks mostly rise, shrugging off new U.S. semiconductor export curbs on China
Shares of major Asian chip stocks mostly rose on Tuesday, shrugging off the U.S. announcing new emiconductor export controls on China.
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Microsoft faces £1 billion lawsuit in UK for allegedly overcharging rival cloud firms’ customers
Microsoft was accused of unfairly overcharging customers of rival cloud companies including Amazon, Google and Alibaba Cloud in a U.K. lawsuit filed Tuesday.
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December 3, 2024December 3, 2024Worldwide
China’s AI balancing act — beating the U.S. but keeping the tech from threatening Beijing’s rule
Prominent AI scientist Max Tegmark said the narrative of a geopolitical battle between the U.S. and China racing to build the smartest AI is a “suicide race.”
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December 3, 2024December 3, 2024Worldwide
Asia-Pacific markets trade higher, tracking Wall Street gains after key benchmarks hit new records
Asia-Pacific markets traded higher on Tuesday, tracking gains on Wall Street after the S&P 500 and the Nasdaq Composite rose to new records.