Tag: Global
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Nvidia has become the world’s first company to surpass a $5 trillion market valuation, driven by soaring demand for its AI chips and renewed hopes of access to the Chinese market. The US-based chipmaker’s shares rose 3.7% on Wednesday (Oct. 29) to reach a $5.06tn market capitalisation — just three months after hitting $4tn. •…
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Few institutions wield as much quiet influence as the Bank for International Settlements (BIS), tucked away in Basel yet central to the world’s financial order. Known as “the central bank of central banks,” its reach spans continents, shaping monetary policy, banking regulation, and—by extension—the financial reality of billions. Founded in 1930, the Bank for International…
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The European Union and Egypt held their first-ever summit in Brussels on Wednesday (Oct. 22), marking a major step in their strategic partnership. The meeting brought together European Council President António Costa, European Commission President Ursula von der Leyen, and Egyptian President Abdel Fattah El-Sisi. • The summit reaffirmed a shared commitment to stability, peace,…
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UN Secretary-General António Guterres has warned that “military expenditure trends show that we are increasingly investing more in death than in people’s prosperity and well-being,” as he cautioned that rising debt, inequality, and trade tensions are undermining global development and stability. Speaking at the 16th UN Conference on Trade and Development (UNCTAD) in Geneva, Guterres…
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Nexperia, a Dutch semiconductor firm, has reportedly suspended salaries and blocked system access for its employees in China, according to Chinese media citing internal communications. The move follows the Dutch government’s takeover of Nexperia’s management earlier this month over national security concerns. Key developments:• Nexperia’s Chinese unit described the situation as “ruthless suppression” and accused…
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China’s dominance in rare earth elements — crucial for global technology and defence — is tightening as Beijing expands export controls. China currently supplies around 90% of the world’s processed rare earths, giving it vast leverage over industries that rely on them — from electric vehicles and wind turbines to missile guidance systems and smartphones.…
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Syria’s President Ahmed al-Sharaa met Russia’s President Vladimir Putin in Moscow on Wednesday (Oct. 15), marking his first state visit since taking power after the ousting of Bashar al-Assad ten months ago. Al-Sharaa said his government aims to “restore and redefine” relations with Moscow on a “sovereign and independent” basis, while ensuring Syria’s territorial integrity…
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The US Justice Department (DOJ) and UK government have charged and sanctioned Chen Zhi, a dual UK–Cambodian national and founder of Prince Group, over an alleged transnational cyber-fraud and money laundering network operating across Cambodia. US prosecutors accused Chen of running one of Asia’s largest scam operations, involving forced labour compounds and large-scale cryptocurrency fraud.…
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A Chinese container ship has completed a pioneering Arctic voyage to the UK, marking a new phase in China’s search for faster trade routes to Europe. The vessel, Istanbul Bridge, carried around 4,000 containers of electric vehicles and solar panels from Zhoushan to Felixstowe, arriving after 20 days despite delays from a storm off Norway.…
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NATO Secretary-General Mark Rutte has urged caution over Russia, describing it as “deeply dangerous” despite reports of over 1 million casualties since the 2022 invasion of Ukraine. Speaking at NATO’s parliamentary assembly in Slovenia, he highlighted Moscow’s covert campaigns against Kyiv and Europe. Key points:• Russia maintains incremental gains in Ukraine while being accused of…
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