Maldivian President Mohammed Muizzu has told the BBC that he is confident that India will come to the aid of the island nation as it faces an economic crisis. Muizzu, who begins a five-day visit to India on Sunday, is expected to seek a bailout worth hundreds of millions of dollars. The Maldives is staring … Read more
Getty Images Tunisia’s President Kais Saied, seen as a saviour by supporters and an autocrat by critics, is running for re-election on Sunday in a vote that he is all but certain to win. More than a dozen politicians had hoped to challenge him, but the electoral commission approved only two additional names for the … Read more
The Hamas-run health ministry in Gaza says 26 people have been killed in Israeli air strikes on a mosque and school housing displaced Palestinians in the centre of the territory. Dozens of people were also injured in strikes that hit Ibn Rushd school and Al-Aqsa Martyrs mosque in Deir al-Balah early on Sunday morning, according … Read more
Destroyed buildings lie in ruin in central Gaza, amid the ongoing conflict between Israel and the Palestinian Islamist group Hamas, near the Israel-Gaza border, as seen from Israel, on Jan. 13, 2024. Amir Cohen | Reuters At least 24 people were killed and 93 others wounded when Israeli airstrikes targeted a mosque and a school sheltering displaced people … Read more
If the economic stimulus plans in China prove successful in boosting consumer spending and economic growth, it could make life easier for two new CEOs in the United States who are trying to orchestrate their own turnarounds. Brian Niccol and Elliott Hill are taking over Starbucks and Nike , respectively, just as a key market … Read more
Morgan Stanley is pounding the table on several stocks as investors wait to see if October markets are tumultous or quiet. The investment bank says these top companies are well positioned for the long term. They include Lineage, Thermo Fisher Scientific , M & T Bank and Taiwan Semiconductor . Lineage Analyst Ronald Kamdem is … Read more
Hon Hai Group’s headquarters in Taipei, Taiwan. Ceng Shou Yi | Nurphoto | Getty Images Taiwan’s Foxconn, the world’s largest contract electronics maker, beat expectations to post its highest-ever revenue for the third quarter on strong demand for artificial intelligence servers. Revenue for Apple’s biggest iPhone assembler jumped 20.2% year on year to 1.85 trillion Taiwanese dollars ($57.3 billion). “The result exceeded the … Read more
Lai Ching-te, president of Taiwan, on Saturday, Jan. 13, 2024. Bloomberg | Bloomberg | Getty Images It is “impossible” for the People’s Republic of China to become Taiwan’s motherland because Taiwan has older political roots, the island’s President Lai Ching-te said Saturday. Lai, who took office in May, is condemned by Beijing as a “separatist.” He rejects Beijing’s sovereignty claims, saying that the island is a country … Read more
Israeli Prime Minister Benjamin Netanyahu has criticised French President Emmanuel Macron over his call to halt arms deliveries to Israel for use in Gaza. Macron told France Inter radio that “the priority is that we return to a political solution, that we stop delivering weapons to fight in Gaza”. At a summit in Paris on … Read more
It’s officially a new trading month, and HSBC recommends investors broaden their exposure in the fourth quarter by seeking out stocks with more reasonable valuations. September was another winning month for stocks, as the S & P 500 saw its fifth consecutive month in the green. On the final trading day of the month, the … Read more