Philippines Evacuations Typhoon

Philippines Orders Mass Evacuations as Typhoon Usagi Nears, UN Seeks $32.9 Million in Aid

The Philippines ordered widespread evacuations on Wednesday (Nov 13), as Typhoon Usagi bore down on the northeast province of Cagayan. Usagi is the fifth major storm to strike the island nation in three weeks, putting additional strain on already-exhausted government...
Tragedy in Zhuhai, China

Tragedy in Zhuhai: A Car Attack Claims 35 Lives and Injures 43 Others

A devastating incident rocked the city of Zhuhai in southern China on Monday, November 11, as a man driving a small SUV rammed into pedestrians exercising around a popular sports complex, leaving 35 dead and 43 injured. Authorities reported the...
Crude Oil

Oil Prices Steady Amid Demand Uncertainty and China Slowdown: OPEC Cuts Demand Projections While Analysts Forecast Supply Glut

Oil prices have stabilized near their lowest point this month as the global energy market grapples with demand uncertainty, primarily due to a slowdown in China’s economic growth. Brent crude recently traded around $72 per barrel, while West Texas Intermediate...
Asian Stock

Asian Stocks Slide as “Trump Trade” Momentum Cools Amid Economic Uncertainty

Global markets react to U.S. inflation concerns, rising bond yields, and shifting economic outlook Asian stock markets took a downturn on Wednesday, reflecting a dip in U.S. equities as momentum from the so-called "Trump trade" — the stock market surge...
Swiggy

Swiggy Shares Surge 7.7% on Strong Market Debut as India’s $1.4 Billion IPO Enthralls Investors

India’s most anticipated initial public offerings (IPO) of the year, shares of Swiggy, the country's prominent food and grocery delivery company, debuted with a 7.7% increase on Wednesday. The company’s stock opened at 420 rupees ($4.98) per share on the...
Joe Biden-Donald Trump

Trump’s Win Casts Shadow Over Biden at APEC Summit in Peru as China Expands Influence in Latin America

In a scenario echoing 2016, the Asia-Pacific Economic Cooperation (APEC) summit in Lima is set to unfold amid a tense geopolitical landscape. Once again, the U.S. President, this time Joe Biden, arrives as a lame-duck Democrat to find his agenda...
Elon Musk

Trump Names Elon Musk and Vivek Ramaswamy to Head New ‘Department of Government Efficiency’

President-elect Donald Trump announced on Tuesday the formation of a new advisory group, the “Department of Government Efficiency” (DOGE), to be led by Tesla and SpaceX CEO Elon Musk and former GOP presidential candidate Vivek Ramaswamy. The unique, non-governmental entity...
DirecTV

DirecTV Threatens Termination of Dish Network Acquisition Over Bondholder Standoff

The U.S. pay-TV landscape, DirecTV announced it will terminate its planned acquisition of Dish Network Corporation if Dish bondholders don’t agree to a critical debt exchange within the next 10 days. The deadline for the deal's survival is fast approaching,...
US dollar

Dollar Holds Near 6-Month High as “Trump Trades” Dominate, Bitcoin Poised Below Record Levels

In financial markets on Wednesday, the U.S. dollar held close to a six-and-a-half-month peak against other major global currencies, buoyed by investors’ anticipation of the economic policies expected under President-elect Donald Trump’s administration. Bitcoin, meanwhile, maintained a strong position just...
Asia Stock Markets

Asian Stocks Drop to Two-Month Low as US Inflation Data Looms Large

Tokyo, Hong Kong, and Sydney see declines as investors brace for key inflation data that could impact Fed policy; regional economic concerns and geopolitical tensions weigh on market sentiment Asian stock markets opened on a downtrend early Wednesday, marking a...
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