Newly appointed France’s Prime Minister Michel Barnier arrives for the handover ceremony with outgoing Prime Minister Gabriel Attal at the Hotel Matignon in Paris, France, September 5, 2024. Sarah Meyssonnier | Reuters Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France’s biggest companies and wealthiest individuals on Tuesday, saying … Read more
EPA Kenya’s embattled Deputy President, Rigathi Gachagua, calls himself the “truthful man”, attributing his remarkable rise to the fact that he speaks truth to power. But as he faces impeachment proceedings, he says these troubles are also a result of his outspoken nature. Before he was elected MP in 2017, little was known about the … Read more
The Ranmore Global Equity Fund is no stranger to outperformance. Its fund manager, Sean Peche, has a track record in picking winners that have helped the fund beat the S & P 500 over the past two years without owning any of the so-called ” Magnificent Seven ” technology stocks. However, even well-run funds can … Read more
Aerial view of the capital city of Seoul in South Korea, seen at sunset. Tobiasjo | E+ | Getty Images South Korea’s factory activity contracted at the sharpest pace in 15 months in September as overseas demand slowed for the first time in the year, a private survey showed on Wednesday, suggesting a slow road to a full-blown … Read more
The U.S. Federal Reserve made a big interest rate cut to kick off its first easing cycle in four years. What does this mean for fixed income? Since the Fed started hiking rates four years ago, cash has poured into short-term money markets such as Treasury bills as they offered attractive yields with rising rates. … Read more
Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024. Anthony Wallace | AFP | Getty Images South Korea’s consumer inflation cooled more than forecast in September and below the central bank’s target for the first time since early 2021, amid growing expectations of an imminent policy easing. … Read more
A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets are set for a mixed open on Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle … Read more
Walz’s claims about trips to China are under scrutiny Minnesota Gov. Tim Walz, the running mate of Vice President Kamala Harris, Democratic nominee for president, attends a rally to kick off their campaign at the Liacouras Center in Philadelphia, Pa., on Tuesday, August 6, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Walz’s … Read more
A strike hitting ports along the East and Gulf coasts could stoke prices for food, autos and a host of other consumer goods but is expected to cause only modest broader impacts — so long as it doesn’t drag on for too long. Manufacturers of everything from trucks to toys to artificial Christmas trees face … Read more
Mark Rutte, the new secretary general of Nato, said he does not see any imminent threat of nuclear weapons being used by Russia despite “reckless and irresponsible” rhetoric by the Kremlin. Last week, President Vladimir Putin said Russia was considering changing its military doctrine to regard an attack from a non-nuclear state – such as … Read more