Fri, March 29, 2024

News

Stocks and central banks

Asian stocks decrease as inflation and Omicron fears rise

On Friday, Asian stocks showed 14-month lows as worries about the new Omicron variant, decisions of the world’s major central banks, and inflation concerns hit investor confidence. On Friday, MSCI’s broadest index of Asia-Pacific shares fell 0.8% outside Japan to 2.29%. Chinese blue chips fell 1.36%, heading for their most destructive week in four months, …

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Huawei and the G-20 summit

Huawei and Financial Times on Reliance and Digital Tech 

This week, in a seminar, the Financial Times and Huawei Technologies discussed the urgent need to unlock the importance of digital technologies and build trust for the common good. Attendees of the seminar were Vice President of Public Affairs Strategy in Huawei, Rene Arnold, Professor of Ethics and Technology, Joanna Bryson, and President in the …

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Asian shares fell as U.S. inflation hits biggest in 13 years

U.S. Stock Futures Benefited from Fed’s Meeting 

Federal Reserve’s meeting helped to boost U.S. stock futures. On Thursday morning, stock futures rose after the Federal Reserve signaled it would be aggressive on tapering and sees three interest hikes in 2022.  The country’s central bank provided multiple indications on Wednesday that its ultra-easy policy is coming to an end. According to the central …

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Largest Market Cap Companies Globally

Climate tech investment increased but not in the right areas

According to new research from PwC, investment in companies focusing on the development of technology to fight the climate crisis increased to $87.6 billion this year. The financial services company said in its PwC report that it is up more than 200% on the $24.9 billion invested in climate tech last year. They added that …

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Natural gas record prices give power markets a jolt

Stocks Suffered Losses as Investors Analyzed Economic Data

Stocks in Asia-Pacific mainly were down on December 15, with Chinese markets declining as investors key Chinese economic data. Meantime, Chinese biotech firm BeiGene made its debut in Shanghai. In Hong Kong, the Hang Seng index fell 0.9% to finish its trading day at 23,420.76. The Hang Seng tech index dropped 1.52%.  Mainland Chinese stocks …

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United Airlines and plans for the future

How United Airlines Plans to Reduce its Carbon Footprint

It is no secret that aviation has a huge impact on the environment. The World Wildlife Fund describes the industry as “the most carbon-intensive activity an individual can make.” Hopefully, companies are willing to invest millions of dollars to improve the situation. One such company is United Airlines. It has taken an equity stake in …

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Instagram users with stolen pics drive illegal crypto scheme

Instagram users with stolen pics drive illegal crypto scheme

Lately, it has become widespread to see people stealing pictures from other people’s Instagram pages and creating fake profiles. It became a nightmare for Jason Sallman to search for his name and find more than a dozen fraud accounts pretending to be him while pushing crypto scams. Sallman posts content including images of Bitcoin and …

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U.S. dollar fell Tuesday. What about the Euro and Sterling?

Dollar holds as investors watch Fed policy meeting

On Wednesday, in Asia trading, the dollar maintained its current earnings. Investors are looking towards an important Fed policy meeting to see if it would support growing market anticipations for rate rises. The dollar index was at 96.558, gaining 0.6% this week. It is testing last week’s 96.955. The euro last traded at $1.1266, near …

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Russia

Russia builds a tech and nuclear science center in Serbia

Rosatom signed several agreements with the government of Serbia. One of which allows them to create a Centre for Nuclear Science and Technology (CNST). The corporation also signed a deal to form a collaborative venture to execute the project in Serbia. According to these agreements, both sides will build a Centre for Nuclear Science and …

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