China Economic

China Lowers Key Lending Rates as Part of Aggressive Economic Stimulus

China implemented a highly anticipated cut to its benchmark lending rates, marking a pivotal move in its effort to revive the slowing economy. The People's Bank of China (PBOC) reduced both the one-year and five-year loan prime rates (LPR), following...
Mineral Resources

Mineral Resources Launches Investigation Into Payments Linked to Founder, Shares Tumble Amid Corporate Uncertainty

Mineral Resources Ltd., a major Australian mining company, has announced that it has hired legal counsel to investigate payments made to its founder and Managing Director, Chris Ellison, after it was revealed that he failed to declare certain revenue to...
Chinese yuan

China Slashes Benchmark Lending Rates Amid Struggles to Revive Growth and Stabilize Housing Market

In a significant move aimed at reviving its faltering economy and stabilizing the housing market, China has cut its benchmark lending rates as part of a broader set of measures initiated by the central bank to spur growth. On Monday,...
Oils

Oil Prices Steady as Markets Weigh Chinese Demand Concerns, Middle East Risk Premium Fades

Oil prices steadied on Monday after a sharp decline last week, which saw Brent and West Texas Intermediate (WTI) crude futures plummet by over 7% and 8% respectively. Concerns about slowing demand from China, the world's largest oil importer, and...
Asian Financial Markets

Asian Stocks Edge Higher Amid Market Uncertainty, Gold Reaches Record High on Middle East Tensions

Asian markets experienced mixed performances at the start of the week, reflecting a delicate balance between cautious optimism and geopolitical concerns. While modest gains were seen across some of Asia's leading stock indexes, gold surged to an all-time high, fueled...
Australia Qantas Airlines

Qantas Airways Ordered to Pay $114,000 to Unlawfully Sacked Baggage Handlers, Potentially Paving the Way for a Bigger Damages Bill

A Federal Court ruling on Monday has added a new chapter to the ongoing saga between Qantas Airways and its former employees, as the court ordered the airline to pay a combined A$170,000 ($114,000) to three baggage handlers it unlawfully...
HMS Trooper

WWII submarine Discovery of HMS Trooper: Solving an 81-Year-Old Mystery

In a monumental discovery that has brought both closure and intrigue, the wreck of the HMS Trooper (N91), a Royal Navy T-class submarine lost during World War II, has been found after 81 years at the bottom of the Icarian...
LCA Tejas

India’s 5th-Generation Fighter Jet Heats Up Safran Expands Footprint in India

As the race to power India’s ambitious 5th-generation fighter jet project intensifies, French aerospace giant Safran is positioning itself as a key player, leveraging its long-standing defense ties with India. With the Advanced Medium Combat Aircraft (AMCA) program aiming to...
India Intelligence

Expanding Eyes Intelligence Alliance: Can India Join the World’s Most Exclusive Intelligence Network?

The United States has raised the possibility of expanding the Five Eyes intelligence alliance—a multilateral intelligence-sharing partnership comprising the U.S., Canada, the U.K., Australia, and New Zealand. The inclusion of countries like India, Japan, Germany, and South Korea is under...
China’s Intercontinental Ballistic Missile Missile Firings (ICBM)

U.S.-China Arms Race: Xi Jinping Signals PLA Rocket Force’s Readiness for New-Age Conflict as U.S. Navy Raises Red Flags

Chinese President Xi Jinping emphasized the need for the People's Liberation Army (PLA) Rocket Force to significantly enhance its "deterrence and combat capabilities" On October 19, 2024, This directive comes at a crucial time, with the Rocket Force embroiled in...
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