The recent conflict in Nagorno-Karabakh has taken a devastating toll on its population. The 120,000 ethnic Armenians residing in the breakaway region have made a harrowing decision: they will leave for Armenia, refusing to live as part of Azerbaijan out of fear for their safety and the specter of ethnic cleansing. This decision, announced by
World
The recent surge in China’s military activities in close proximity to Taiwan has prompted the island’s defense minister to express heightened concerns over the possibility of triggering an accidental clash. Over the past two weeks, Taiwan has reported numerous incidents involving fighters, drones, bombers, warships, and even the Chinese aircraft carrier, the Shandong, operating near
In a surprising turn of events, Singapore has surpassed Hong Kong to claim the title of the world’s freest economy, according to the latest report by Canadian think tank Fraser Institute. This marks a significant shift in the Economic Freedom of the World Index, which has been tracking economic freedom since 1970. Hong Kong, once
In a groundbreaking move, Cisco, the world’s largest maker of computer networking equipment, has announced its acquisition of cybersecurity software company Splunk for a staggering $28 billion. This deal, marking Cisco’s largest acquisition ever, has the potential to reshape the landscape of cybersecurity as we know it. Merging Technology for a Safer Future Splunk’s advanced
The Bank of England is now facing a wide-open decision on its next monetary policy move, as the August inflation data has brought about a significant downside surprise. Prior to the release of the August consumer price index (CPI), the market had priced in an 80% chance of a 25 basis point interest rate hike
India expelled a senior Canadian diplomat on Tuesday in response to the “absurd and motivated” claims that New Delhi had a part to play in the extra-judicial slaying of a Sikh activist in Canada. Canadian intelligence agencies have been actively pursuing credible links between Indian government agents and the murder of a Canadian Sikh community
U.S. billionaire Ray Dalio, the founder of Bridgewater Associates, emphasizes that new investors should prioritize diversification in their portfolios amidst ongoing economic and geopolitical uncertainties. Dalio acknowledges that there is a significant amount of information he does not know, making it crucial to have diversification as a risk management strategy. At the Milken Institute Asia
In recent days, Ukraine has escalated its strikes on Russian military targets in occupied Crimea, aiming to undermine Moscow’s war efforts in the critical region. However, Russia claims to have successfully thwarted a coordinated attack on Crimea while also experiencing disruptions in Moscow due to drone activity. These incidents highlight the escalating tensions between the
North Korean leader Kim Jong Un’s visit to Russia took an unexpected turn as he inspected Russian nuclear-capable strategic bombers, hypersonic missiles, and warships. Accompanied by President Vladimir Putin’s defense minister, Kim’s visit has raised concerns among the international community. The encounter at the Knevichi airfield, just outside the Pacific city of Vladivostok, was filled
China’s retail sales have shown signs of improvement, exceeding expectations with a growth rate of 4.6% in August compared to the previous year. This figure surpassed the 3% growth forecasted in a Reuters poll. The August growth rate also outpaced the 2.5% year-on-year pace observed in July. This positive development in retail sales indicates a