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24 articles · Updated continuously
Business
BusinessInvestors face losses as CSOP SK Hynix fund maintains maximum leverage
Retail investors in a CSOP leveraged product saw significant losses after the fund kept maximum exposure despite a new flexible leverage structure.
Business⚡ 7.0Germany's Gas Storage Levels Fall to Multi-Year Lows
Germany's gas storage facilities are at 50.14% capacity, the lowest mid-August level in years, as market disruptions and high prices complicate winter supply targets.
Business⚡ 7.0⛓ 2 sourcesMonte dei Paschi di Siena Launches Counter-Bid for Banco BPM and Banca Generali
Banca Monte dei Paschi di Siena has proposed a €34 billion share-only exchange offer for Banco BPM and Banca Generali to counter a takeover bid by Intesa Sanpaolo.
Business⚡ 8.0US National Debt Surpasses $40 Trillion Mark
The US national debt has reached $40 trillion, prompting concerns from economists regarding rising interest rates and the sustainability of government borrowing.
Business⛓ 2 sourcesHong Kong Office Market Sees Bargain Hunting Amid High Vacancy
Owner-occupiers are purchasing discounted office space in Hong Kong's noncore districts, while the industry urges tax reform to maintain competitiveness against Singapore.
Business⚡ 7.0Germany's Gas Storage Levels Fall to Multi-Year Lows
Germany's gas storage facilities are at 50.14% capacity, the lowest mid-August level in years, as market volatility and supply disruptions complicate winter preparations.
Business⚡ 8.0US National Debt Surpasses $40 Trillion Milestone
The US national debt has reached $40 trillion, doubling over the past decade due to sustained government spending and rising interest costs.
BusinessThe Legal and Resource Status of the Caspian Sea
Five nations bordering the Caspian Sea operate under a unique legal framework that governs navigation, security, and resource rights rather than fixed ownership shares.
BusinessShanghai Announces Five-Year Plan to Expand Digital Economy
Shanghai has unveiled a new five-year plan to grow its digital economy, with a primary focus on blockchain adoption and AI infrastructure.
Business⚡ 7.0Former Ukrainian Defense Chief Calls for Wartime Elections
Mykhailo Fedorov, recently dismissed as Ukraine's defense minister, has publicly called for the resumption of elections despite the ongoing war.
Business⚡ 6.0German Farmers Warn of Below-Average Harvest Due to Drought
The German Farmers' Association reports a significant drop in grain and rapeseed yields, though officials do not expect immediate, sharp increases in food prices.
Business⚡ 7.0Global Borrowing Costs Rise Amid Oil Price Spikes and AI Investment Concerns
Long-term borrowing costs in major economies have reached new highs, driven by inflation fears, government debt levels, and uncertainty surrounding massive investments in Artificial Intelligence.
BusinessXiaomi Prioritizes Long-Term AI Investment Over Immediate Profits
Xiaomi reports a decline in second-quarter net profits while maintaining heavy spending on artificial intelligence research and development.
Business⚡ 6.0Russia Fires Top Economist After Warning of Potential Social Crisis
Andrei Klepach, the chief economist of state-controlled bank VEB, was dismissed after predicting that Russia could not win a prolonged war of attrition.
Business⚡ 7.0Nasdaq Announces Plans for 23-Hour Trading Session Starting December
Nasdaq intends to expand its trading hours to nearly 23 hours a day, aiming to increase investor access and compete with round-the-clock digital platforms.
Business⚡ 6.0China Announces 15th Five-Year Plan for Oil and Gas Sector
China has released its 15th five-year plan for the oil and gas sector, setting a production target of 440 million tonnes of oil equivalent by 2030.
Business⚡ 7.0US-Canada Trade Talks Continue Ahead of Tariff Deadline
Canadian and US officials are in final negotiations to avoid new 50% tariffs on Canadian imports scheduled to take effect Wednesday.
Business⚡ 7.0Norway's Sovereign Wealth Fund Warns of AI-Driven Market Risks
The CEO of Norway's Government Pension Fund Global has warned that an AI-driven market collapse could cause significant losses to its $2.4 trillion portfolio.
BusinessGeely Auto Chairman Li Shufu Resigns as Company Announces Leadership Succession
Billionaire founder Li Shufu has stepped down as chairman of Geely Auto, with Andy An Conghui appointed to fill the vacancy.
Business⚡ 6.0Virgin Granted Track Access for Future London-Europe Rail Services
The UK regulator has approved Virgin's plan to operate up to 20 daily return services through the Channel Tunnel starting in 2030.
BusinessBruce Rockowitz Highlights AI as Competitive Advantage for Hong Kong Catering
Bruce Rockowitz identifies artificial intelligence as a critical tool for Hong Kong's catering sector to manage rising labor costs and evolving consumer demands.
Business⚡ 6.0New UK Planning Rules Aim to Restrict Pub Conversions
The UK government is introducing new planning rules to make it harder to convert pubs into homes, while simultaneously streamlining development near transport hubs.
BusinessInvestors Concerned Over $70 Billion in Off-Balance Sheet AI Liabilities
Bond traders are expressing concern over approximately $70 billion in potential liabilities linked to AI companies that are not currently reflected on their balance sheets.