Author: i2wtc
Recent rumblings of possible political unrest across Europe have diverted attention from improving economic fundamentals in the region, which would likely become even stronger.In France, stocks fell and bond yields rose after early elections were announced amid fears the far-right was on the verge of winning a majority in parliament, while Britain is on track to elect its first centre-left government since 2010. In both cases, politics are overshadowing positive economic news: Growth is recovering after being slower than in the United States since the pandemic ended, and inflation and interest rates are falling. Indeed, Europe’s economic outlook is brightening…
Seven-time Olympic gold medalist Katie Ledecky has a shot at tying or breaking the all-time record for Olympic gold medals won by a U.S. woman at the 2024 Paris Olympics, but first she must officially qualify for the U.S. team. (Sarah Stier/Getty Images)The Paris 2024 Olympics are fast approaching, but before we dive into 16 days of competition that includes gymnastics, diving, swimming, and track and field, let’s take a look at who will be selected for Team USA at the 2024 Olympic Team Trials. First up are the Olympic Swimming Trials. This week, more than 700 swimmers, including Lilly…
The Election Commission (EC) has updated the electoral rolls of Haryana, Maharashtra, Jharkhand and Jammu and Kashmir and started preparations for holding state assembly elections in these states.The terms of the current Legislative Assembly end on November 3 (Haryana), November 26 (Maharashtra) and January 5, 2025 (Jharkhand), and polls need to be held before their terms expire.After demarcation of constituencies, assembly elections will also be held in Jammu and Kashmir and a new assembly will be constituted, the Election Commission said in a statement on Friday. “In view of the exceptionally large participation of the people of Jammu and Kashmir…
Get your free copy of Editor’s DigestFT editor Roula Khalaf picks her favourite stories in this weekly newsletter.The Chinese call thisLangshwe”Runology” or “Runology” is the study of escaping China and fleeing with one’s wealth. The word is a play on the English verb “run,” which is similar to the Chinese “run.”Run”Gakugaku” means “to make profits.” This “gakugaku” implies that moving abroad is no easy task. Figuring out where to go, how to get there, and figuring out how to smuggle capital out of China can be an arcane science.The term became popular in China in 2022, when Beijing’s strict COVID-19…
What’s going on?On June 21, 2024, the market had a mixed day as the S&P 500 fell 0.32% to 5,455.81 points and the Nasdaq fell 0.56% to 17,623.17 points. In contrast, the Dow Jones Industrial Average rose 0.19% to 39,208.48 points.What does this mean?The technology sector took a hit, with semiconductors stock Tech stocks such as Nvidia, Qualcomm, and Broadcom fell 2-5%, causing the Philadelphia SE Semiconductor Index to fall 2.2%. The technology sector was the worst performing of the major sectors in the S&P 500, falling 1.3%. Meanwhile, large-cap stocks such as Alphabet, Amazon, and Apple rose 0.6-1.4%. In…
Paris Men’s Fashion Week is off to a bang, especially when it comes to celebrity style. As expected, topping the best-dressed list is Rihanna, who arrived in the French capital looking her best on Thursday night. Ahead of boyfriend A$AP Rocky’s debut show for creative agency AGWE, the Fenty stalwart kicked off Fashion Week street style with a bang, leaning into the “Fashion Killer” theme. Proving that Parisian style isn’t just about minimalist, chic silhouettes, the occasional splash of a cut-out or two (or, in Rihanna’s case, lots of cut-outs) is also part of the action.The pop star arrived in…
In general, Donald Trump’s rhetoric on immigration has tended to be hyperbolic and alarmist. For example, like many in his party, he has taken to calling people seeking to immigrate to the US “men of military age,” a derogatory term that ignores that “military age” is also “prime working age,” and that the vast majority of immigrants are women, children, and men with families.More recently, he has suggested that the rise in Chinese immigration requests is a sign that the Chinese government is building a small and poorly equipped military in the United States, which is easier than acknowledging that…
Ah, election year… Billboards plastered everywhere, a never-ending news cycle desperate to catch your eye, and a constant stream of calls and text messages from random campaigns (how did you get my number?). We all love these years, don’t we?! The first presidential debate, scheduled for next Thursday, will see the first look at a second-round showdown between President Joe Biden and former President Donald Trump. Will they argue about the economy and inflation? Probably will… With conflicts continuing around the world, will they reveal their foreign policy plans? Maybe… Will their conversation be laced with subtle (and not so…
TEHRAN – The Pakistani city of Lahore hosted a meeting to explore opportunities to increase trade between Iran and Pakistan to $10 billion, a goal agreed upon during the late Iranian President Ebrahim Raisi’s last visit to the neighboring country.Thursday’s meeting was attended by the ambassadors of Iran and Pakistan, as well as officials from the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), to explore opportunities to increase trade between the two countries to $10 billion. At the start of the meeting, Pakistani officials and traders discussed the obstacles impeding business activities between the two countries, including lack…
LONDON: Ashwini Vaishnav, the recently reappointed Union Minister for Railways, Information Broadcasting, Electronics and Information Technology, will be making her first statement on the international stage at the annual India Global Forum (IGF) in London from Monday.His virtual address will outline the immediate priorities of the Modi 3.0 government and opportunities for global partners to join the ‘Bikshit Bharat’ vision of becoming a developed nation by 2047. On the UK side, Sir Tariq Ahmad, Foreign Secretary for South Asia, will outline highlights of the Conservative-led government’s bilateral partnership.The week-long event comes at a turning point, coming on the heels of…