Chinese online gaming stocks experienced a significant rise on Wednesday, recovering from losses incurred in the previous session, following reassurances from the country’s top gaming regulator. The proposed draft rules, aimed at curbing excessive online gaming and spending, had initially caused a plunge in the shares of major players such as Tencent, NetEase, and Bilibili
World
Over the past decade, the vaping industry has experienced tremendous growth, largely due to its portrayal as a healthier alternative to smoking. As cigarettes lose their appeal, more individuals turn to vaping as a means to quit the habit. However, the once-promising vaping industry is now facing a challenging period of reckoning. Governments around the
A charter plane carrying 303 passengers, mostly Indians, was grounded in France for a human trafficking investigation, turning their holiday plans into an exceptional ordeal. The unmarked Legend Airlines A340 plane, which had been en route from Fujairah airport in the United Arab Emirates to Managua, Nicaragua, made a stop in Vatry for refueling. Police
After a period of suspension, Denmark’s Maersk, one of the world’s leading shipping companies, is preparing to resume its shipping operations in the Red Sea and the Gulf of Aden. This decision comes as a result of a U.S.-led military operation known as Operation Prosperity Guardian (OPG), aimed at ensuring the safety and security of
Hundreds of Indian citizens, including children and families, have been stranded at Vatry Airport in France after a dramatic police operation prompted by a tip regarding possible human trafficking. The passengers, numbering around 300, have been detained for a third day as authorities investigate the allegations. Amidst the unfolding drama, flights have been canceled or
On Friday, Tencent, one of the largest online gaming companies in the world, suffered a massive loss of approximately $43.5 billion in market value. The cause of this sudden decline was the unexpected announcement of new regulations by China’s National Press and Publication Administration aimed at curbing excessive gaming and spending. This shocking development sent
In a major development for the cryptocurrency industry, Coinbase has secured registration with the French markets regulator, granting them approval to operate digital currency services in France. This move marks a significant step towards the expansion of Coinbase in the European market, enabling them to offer custody of digital assets, buying or selling digital assets
The S&P 500 saw a slight rise on Wednesday, propelled by a string of positive economic data that has boosted investor sentiment as the year comes to a close. While the Dow gained a mere 9 points (0.03%), the S&P 500 saw a 0.11% increase, and the Nasdaq Composite performed even better with a 0.35%
In response to a series of attacks by Houthi militants from Yemen, Danish shipping giant Maersk has confirmed that its vessels will now take the Cape of Good Hope route around the south of Africa instead of transiting through the Red Sea and Gulf of Aden. This decision comes after a temporary pause on travel
A recent statement from a Federal Reserve official has brought attention to the market’s potential misunderstanding of the central bank’s intended message. Last week, the Fed voted to maintain interest rates at their current levels, and its updated projections indicated an expectation of three rate cuts in 2024. However, the market responded with a significant