The Chinese central bank unrolled the most significant stimulus program since the COVID-19 pandemic and Chinese equities are starting to show signs that the long history of underperformance relative to western equities could possibly be on borrowed time. The name that has already demonstrated leadership that we want to focus on should this move into … Read more
Construction work is done around the Federal Reserve building on September 17, 2024 in Washington, DC. Anna Moneymaker | Getty Images News | Getty Images With its larger-than-normal cut last week, the Federal Reserve sent a clear message that interest rates are heading considerably lower in the future. The Treasury market, though, hasn’t been paying … Read more
Prosecutors have charged New York City Mayor Eric Adams with five counts of criminal offences, including bribery, wire fraud and soliciting illegal foreign campaign donations. The indictment unveiled on Thursday alleges Adams sought and accepted illegal campaign funds and over $100,000 (£75,000) in luxury travel benefits from Turkish businessmen and an official seeking to gain … Read more
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This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The big banks of Wall Street have been quick to tweak what they expect … Read more
U.S. News and World Report recently released its ranking of the best countries in the world based on quality of life. To rank the 89 countries listed, U.S. News and World Report, global marketing and communication services company WPP and the Wharton School of the University of Pennsylvania surveyed nearly 17,000 people worldwide from March … Read more
Former mayor of New York City and former Trump lawyer Rudy Giuliani reacts at the Nassau Veterans Memorial Coliseum during a rally held by Republican presidential nominees and former U.S. President Donald Trump, in Uniondale, New York, U.S., September 18, 2024. Brendan Mcdermid | Reuters Former New York City Mayor Rudy Giuliani is officially disbarred … Read more
At least 46 people – including 37 children and seven women – drowned while celebrating a Hindu religious festival in eastern India, local officials said. The fatalities were confirmed across 15 districts in the past 24 hours. A disaster management official said the victims died while ritually bathing in rivers and ponds swollen by recent … Read more
At least 11 people have been killed in an Israeli air strike on a school in northern Gaza being used as a shelter by displaced families, the Hamas-run health ministry says. Women and children were among the dead brought to hospitals following the attack on al-Faluja school in the urban Jabalia refugee camp, according to … Read more
Two pro-democracy journalists in Hong Kong have been sentenced to prison for “seditious” activities and “illegal ideologies.” Chung Pui-kuen, 55, and Patrick Lam, 36, were found guilty in August of conspiring to publish seditious materials through their Stand News media outlet. Chung was the former editor-in-chief of Stand News and received a 21-month prison sentence. … Read more