Slovakia’s populist Prime Minister Robert Fico was the victim of a shocking assassination attempt, causing waves of shock and concern across the continent. The 59-year-old leader was shot multiple times and is currently in a life-threatening state, undergoing treatment at a hospital in Banska Bystrica. The attack took place after a government meeting in the
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Alibaba, the Chinese e-commerce giant, experienced a significant drop in its net profit in the fiscal fourth quarter. The company reported revenue of 221.9 billion yuan ($30.7 billion), slightly beating LSEG consensus estimates. However, net income attributable to ordinary shareholders plummeted by 86% year on year to 3.3 billion yuan. As a result of these
The Asia-Pacific markets saw a mixed performance on Monday as investors digested China’s April inflation data. While China’s consumer price index exceeded expectations by climbing 0.3% year on year, the producer price index fell by 2.5%, more than the anticipated 2.3% decrease. This discrepancy in data reflects a complex economic situation in the region. Impact
Home Depot is set to report its earnings before the bell this week. Last quarter, the company reported better-than-expected earnings despite consumer trends. However, this quarter, forecasts predict a decline of more than 5% compared to the previous year. The company has faced challenges throughout the year, which have affected its stock performance. Analysts are
China’s consumer prices rose for a third straight month in April, indicating a positive shift in domestic demand. This rise in consumer prices comes after a series of policy support measures implemented by Beijing to stabilize the economy. The increase in consumer prices, which edged up 0.3% in April from a year earlier, suggests a
In a surprising turn of events, the dynamics of trade between Germany and the United States have been showing signs of change. While China has long been Germany’s main trading partner, recent data indicates that the U.S. is steadily climbing to the top spot. The total combined exports and imports between Germany and the U.S.
The global semiconductor industry is bracing itself for a significant transformation, driven by the rise of artificial intelligence (AI) and the emergence of more powerful PCs equipped with Arm-based chips. This shift, as predicted by Morgan Stanley analysts, is poised to revolutionize the way AI applications are run on devices, particularly laptops. Arm-based central processing
Recently, South Korea’s convenience stores have started offering a unique item on their menu – gold bars. Collaborating with the Korea Minting and Security Printing Corporation (KOMSCO), the country’s largest convenience store chain, CU, has introduced mini gold bars, which have become immensely popular among customers. These miniature gold bars, ranging from 0.1 gram to
The Asia-Pacific markets are experiencing a positive trend, with expectations of extending gains from the previous session. This optimism is fueled by Wall Street’s overnight rise on the anticipation of the Federal Reserve implementing interest rate cuts. Investors in the region are closely watching the developments, especially as the Reserve Bank of Australia concludes its
The Asia-Pacific markets were quick to respond positively to gains in Wall Street on Monday. The catalyst for this optimism was a softer-than-expected U.S. jobs report, which fueled hopes that the Federal Reserve might soon consider cutting rates. This news was met with anticipation as investors kept a close eye on upcoming events, such as
