The recent violent protests against the far-right National Rally in France have set the stage for a heated election campaign. Hundreds of thousands of demonstrators marched in Paris and other cities to voice their opposition to the rising nationalist sentiment associated with party figurehead Marine Le Pen and President Jordan Bardella. The unrest, which resulted
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The introduction of bitcoin exchange traded funds in January has sparked interest among financial advisors, but the adoption process has been gradual. BlackRock’s Samara Cohen highlighted that currently, the majority of bitcoin ETF purchases are being made by self-directed investors through online brokerage accounts. Although hedge funds and brokerages have also shown interest in the
Investors concerned about the potential risks of concentration in the market may find solace in exploring value-oriented investments as an alternative strategy. According to Avantis Investors’ chief investment strategist, Phil McInnis, a diversified approach beyond conventional index funds like the S&P 500 could offer more promising returns in the long term. McInnis advocates for focusing
The European stock market experienced a sharp decline on Friday, capping off a turbulent week for investors. The Stoxx 600 index opened slightly higher but quickly took a nosedive, ending the day with a 0.9% loss in London. This downward trend has put the regional benchmark on track for one of its worst weeks in
The fintech industry is currently experiencing a significant shift in market dynamics, with many industry insiders believing that the sector has reached a “bottom.” The days of unsustainable high valuations and reckless venture capital investments in startups with unproven business metrics and fundamentals are seemingly a thing of the past. Iana Dimitrova, CEO of OpenPayd,
Recent reports from Bloomberg have shed light on the possibility that the United States may take further steps to limit China’s access to crucial chip technology essential for the advancement of artificial intelligence. The Biden administration is said to be contemplating actions that would specifically target the high-tech chip architecture known as gate all-around (GAA).
Singapore has been identified by the World Gold Council as the next leading gold hub as the market shifts towards the east. The increase in gold consumption in major emerging economies, particularly in Asia, is a key factor driving this shift. Shaokai Fan, head of Asia-Pacific and global head of central banks, emphasized the importance
The recent European Union election results have sparked concern for German Chancellor Olaf Scholz as the far-right party, AfD, has made significant gains despite facing various scandals. The AfD’s success in securing 15.9% of the vote has surpassed Scholz’s SPD along with their coalition partners, the Greens and the FDP. This outcome has intensified the
The European Union elections have been underway, with millions of voters expected to cast their ballots. From age requirements to voting systems, there are many factors that go into these elections that determine the composition of the European Parliament. With growing support for far-right parties and changing priorities within the EU, these elections are crucial
Norway’s $1.7 trillion sovereign wealth fund has taken a bold stand against ratifying Tesla CEO Elon Musk’s $56 billion pay package. Despite being Tesla’s eighth-biggest shareholder, the fund has decided to vote against the controversial compensation plan, which was previously invalidated by a Delaware judge earlier this year. The fund’s operator, Norges Bank Investment Management