Author: i2wtc

By Gaurav Dogra(Reuters) – Foreign investors poured heavily into Asian stocks in June after two months of selling as U.S. inflation pressures eased and expectations grew that the Federal Reserve would cut interest rates this year.The surge in AI-related companies globally has further boosted market optimism, boosting demand for high-tech and semiconductor exports from Asia.Foreign investors made net purchases of $7.16 billion worth of regional stocks, according to data from stock exchanges in South Korea, India, Taiwan, Indonesia, Vietnam, Thailand and the Philippines.A Commerce Department report last week showed U.S. inflation stabilized in May, in line with economists’ expectations, and…

Image source, Getty ImagesImage caption, MG’s parent company, SAIC, is one of the automakers that will be hit hardest by the new tariffs.Article informationauthor, Joao da Silvarole, Business reporter34 minutes agoThe European Union has increased tariffs on Chinese-made electric vehicles as Brussels takes steps to protect the bloc’s auto industry.The new tariffs on individual manufacturers range from 17.4% to 37.6% and are on top of the 10% tariff already imposed on all electric vehicles imported from China.This could lead to higher prices for EVs across the EU, making them less affordable for European consumers.The move would also be a major…

Image source, Getty ImagesImage caption, Jeff Bezos and his fiance Lauren SanchezArticle informationauthor, Joao da Silvarole, Business reporter5 hours agoAmazon founder Jeff Bezos said he plans to sell a further 25 million shares in the tech giant, valuing it at nearly $5 billion (£3.9 billion).The company’s shares hit an all-time high on Wednesday.This is the first time Bezos has sold Amazon shares since 2021.The company’s shares have risen more than 30% this year on expectations that growing demand for artificial intelligence (AI) technology will boost revenue from its cloud-computing business.Last month, Amazon’s stock market valuation surpassed $2 trillion for the…

Prominent education activist Malala Yousafzai has expressed deep concern over Pakistan’s forced repatriation of Afghan migrants, warning that sending them back to Taliban-ruled Afghanistan would be “dangerous”. In a series of posts on X, Yousafzai highlighted the dire situation of Afghan women and girls. “It is extremely dangerous to force Afghans out of Pakistan to suffer the Taliban’s brutal repression,” she wrote. “I am deeply concerned about the impact on the most vulnerable, especially women and girls.” Yousafzai called the Taliban regime a “gender-segregated regime” in which women and girls are subject to severe abuse and intimidation. Girls are barred…

For lack of a better way to put it, Thursday’s presidential debate was a disaster. As we approach the week mark, I can’t help but think about the disaster that was the debate and what it means for younger voters.As things stand, I don’t have high hopes for the debates. The ones I’ve seen so far have been disappointing. Usually, one side or the other declares victory. That wasn’t the case last Thursday.Thursday night’s debate called into question President Joe Biden’s mental capacity — and was so bad that members of Biden’s own party are calling for him to drop…

London: Britons headed to the polls on Thursday in a general election that is widely expected to return the opposition Labour Party to power, ending nearly 15 years of Conservative rule.The country’s first nationwide vote since Prime Minister Boris Johnson’s landslide victory over the Conservatives in 2019 comes after Chancellor Rishi Sunak made a surprise call to hold it six months earlier than planned.His gamble appears to have backfired spectacularly, with opinion polls over the six-week election period, and over the past two years, showing major defeats for his right-wing party.That would almost certainly mean Labour leader Keir Starmer, 61,…

Tom Hanks’ son, Chet Hanks, has stepped up to defend himself after unintentionally sparking a hateful meme. Chet first made the “White Boy Summer” joke, a reference to Megan Thee Stallion’s “Hot Girl Summer” and the seasonal meme “Christian Girl Autumn.””I have a feeling this summer is going to be a white person’s summer,” Chet wrote at the time. “Take it what you will, but I’m not talking about white people like Trump or Nascar. I’m talking about me.” [rappers] John B. Jack Harlow type white boys, you know what I mean.”However, this seemingly harmless joke has since backfired, with…

Now may seem like the perfect time to own an apartment.For many landlords, that’s true: A housing shortage in many parts of the country and severe inflation have caused rents to skyrocket in recent years.But a growing number of rental property owners, particularly in the South and Southwest, are finding themselves in financial difficulty. While some have stopped making mortgage payments, analysts fear that up to 20% of all apartment loans are at risk of defaulting.Rents soared during the pandemic but have stalled in recent months. Rents are starting to fall in many parts of the country. Interest rates raised…

Workers work on an electric vehicle assembly line at Jiangling Motors’ digital car factory on May 17, 2024. Vcg | Visual China Group | Getty ImagesBEIJING — China hopes to reach an agreement soon on the European Union’s planned tariffs on imports of Chinese-made electric vehicles, the Commerce Ministry said Thursday.The European Commission announced in mid-June that if talks with China are unsuccessful, it would begin imposing additional tariffs on imports of Chinese-made EVs starting Thursday, July 4. “Final measures” would take effect four months after that date, according to a press release.”We hope the European side can work with…

Get more stories like this by emailSign up for our travel newsletter here. As Hurricane Beryl moves across the Caribbean, many cruise lines have altered itineraries in the region to avoid the storm.► Norwegian Cruise Line has altered nearly the entire itinerary for the week-long voyage of the Norwegian Breakaway, which departed Miami, Florida, on Sunday. The company canceled calls in Honduras, Harvest Caye in Belize and Costa Maya and Cozumel in Mexico, according to a letter to passengers provided by the company to USA Today. Instead, the ship will visit Puerto Plata in the Dominican Republic, St. Thomas, Tortola…