Australia’s recent decision to decisively reject a proposal to recognise Indigenous people in the constitution has dealt a severe blow to the country’s efforts for reconciliation with its First Peoples. With 45% of the vote counted, the “No” vote led “Yes” by 57.35% to 42.65%. Australian TV networks projected that several states, including New South
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As the Israel-Hamas conflict worsens, social media platforms are under increasing scrutiny for their handling of disinformation and violent posts related to the war. European Commissioner for the internal market, Thierry Breton, has issued a stern warning to platforms such as Meta, TikTok, and X (formerly Twitter) to remain vigilant about illegal online content. This
Financial analyst Dan Niles, co-founder and portfolio manager of the Satori Fund, has made it clear that he continues to hold a short position on Tesla’s stock. Despite his bullish outlook on the broader market, Niles sees significant challenges ahead for Tesla that could lead to a decline in its stock value. In this article,
China’s consumer spending continues to face significant challenges as it struggles to regain pre-pandemic growth levels. Despite a slight pickup in retail sales during the recent holiday period, the long-term trend indicates slow growth since the start of the pandemic. In this article, we will delve into the factors hampering China’s consumer spending recovery and
Amidst the ongoing conflict between Israel and Hamas, investors have turned to safe assets, leading to a significant drop in the benchmark 10-year Treasury yield. The yield fell by nearly 13 basis points to approximately 4.65%, reflecting the market’s initial reaction to the geopolitical tensions. The inverse relationship between yields and prices played a crucial
Amidst the ongoing Israel-Hamas conflict, oil prices have surged by 4% due to the surprise attack on Israel by Palestinian militants. The global benchmark Brent reached $88.41 a barrel, while U.S. West Texas Intermediate rose to $88.67 per barrel. This article explores the implications of the conflict on the oil market and potential factors that
Israeli forces clashed with gunmen from the Palestinian group Hamas in a deadly exchange that shocked the world. This surprise attack by the militants resulted in approximately 500 casualties, marking it as the deadliest day of violence in Israel in the last half-century. The conflict escalated further as fire from Lebanon crossed into northern Israel,
In a significant diplomatic move, a delegation of U.S. lawmakers, led by Senate Majority Leader Chuck Schumer, embarked on a visit to China on Saturday. This marks the first congressional visit to the country since 2019. The visit holds great prominence against the backdrop of the deteriorating relations between the two countries, and amidst efforts
China has long been known for its stringent regulations on data collection and export, creating challenges for both domestic and foreign businesses operating in the country. However, recent developments indicate a significant shift in the government’s stance towards data regulation. Authorities are now signaling a softer approach, aimed at easing regulatory burdens and improving the
In a recent interview with CNBC’s “Squawk Box Asia,” Aaron Dunn, co-head of value equity and portfolio manager at Morgan Stanley Investment Management, expressed his optimism about the commodities market. According to Dunn, this sector is currently a “much more constructive place to invest,” and he believes that we are at the beginning of a