As global markets continue to experience volatility, investors are left wondering whether the recent stock gains will last until the end of the year. According to Ludovic Subran, chief economist at German financial services firm Allianz, the gains are likely to hold, despite a potential mid-year market correction. However, Subran warns that investors may need
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Stocks inched higher on Monday, extending the strong performance from the previous week. Both the S&P 500 and the Dow Jones Industrial Average reached new record highs. The S&P 500 added 0.3%, while the Dow climbed 0.5%, or 195 points. The Nasdaq Composite also rose by 0.3%. However, the Dow’s gains were limited by the
The Abu Mustafa family lives in a tent that sits uncomfortably against the imposing concrete and metal fence separating Gaza from Egypt in Rafah. This area has been the last relatively safe refuge for the countless Palestinians devastated by Israel’s military offensive. However, even this sanctuary may now be under threat. More than a million
The beauty industry giant, L’Oreal, experienced a significant drop in its shares following the release of lower-than-expected sales figures. This downturn was primarily driven by a slowdown in demand in Asia, particularly North Asia. The luxury sector as a whole has been facing challenges due to unfavorable macroeconomic and geopolitical conditions. However, certain high-end brands,
In a bid to enhance its artificial intelligence (AI) capabilities, Google recently unveiled a major rebrand of its AI chatbot and assistant. Formerly known as Bard, the chatbot has been renamed Gemini, aligning with the suite of AI models that power it. This move demonstrates Google’s strong commitment to investing in AI assistants, an area
DBS Group, Southeast Asia’s largest bank, reported record earnings for the full year in 2023. However, the bank made a bold move by cutting the variable compensation for its senior management. This decision was prompted by a series of digital disruptions that occurred during the year, aimed at holding the management accountable for the issues
Most Asia-Pacific markets fell on Tuesday, following the decline in Wall Street overnight. Investors were also anxiously awaiting the interest rate decision from the Reserve Bank of Australia (RBA), which was scheduled for later in the day. The RBA is expected to hold rates steady at 4.35%, according to a poll conducted by Reuters among
The Asian markets kicked off the holiday-shortened week with a mix of performances as investors eagerly awaited policy decisions from central banks in the region, including the Reserve Bank of Australia and the Reserve Bank of India. The week is set to be filled with various economic data releases and shortened trading weeks due to
Russia has accused Ukraine of a horrific attack on a bakery and restaurant in the city of Lysychansk in Russian-controlled eastern Ukraine. According to Russian-backed officials, the armed forces of Ukraine conducted the strike using Western-supplied rockets. The attack resulted in the deaths of at least 28 people, including nine women and a child. Russian-installed
Northern Ireland’s political landscape has undergone a significant shift with the appointment of Irish nationalist Michelle O’Neill as the First Minister, marking the first time an Irish nationalist has held this position. This historic milestone reflects the changing dynamics in a state established a century ago to ensure the dominance of pro-British unionists. O’Neill’s appointment