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Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

Expedited Chinese Rare Earth Shipments Could Tremendously Help U.S. Industry and Security 06/27/2025

German watchdog asks Apple, Google to look into blocking DeepSeek 06/30/2025

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Economics

S&P 500, Dow Jones rise to record highs on labour market and services news

On 5 April, the S&P 500 and Dow Jones US stock indices hit new all-time highs, with the S&P 500 up 1.4% to 4,077 points and the Dow Jones up 1.2% to 33,559 points. Another index, NASDAQ, also rose 1.4% to 13,664 points. The indices growth was caused by several economic reports with good results for...

Japan's Central Bank Starts First Phase Experiments On Developing Its Own Digital Currency

The plans of the Bank of Japan to launch its own digital currency was kick started on Monday with the central bank starting to hold experiments to examine and understand whether it would be feasible to issue such crypto currencies. With this move the Bank of Japan joins the ranks of other...

FT: China was lending to other countries on secret terms

China was lending to developing countries on secret terms that put other lenders at a disadvantage and gave China an advantage. The Financial Times reports this, citing an expert report. Such an approach threatens to undermine efforts to reduce the debt of low-income nations, experts say. The...

Gold prices suffer worst losses since 2016

At the end of the quarter, the drop was the largest since Q4 2016. April gold futures on COMEX rose $29.90, or 1.8%, to $1,713.90 an ounce. Futures fell almost 1.7% on Tuesday, to their lowest level since March 8. June gold futures rose $29.60, or 1.8 per cent, to $1,716.60 an ounce. Gold...

WTO improves expectations for recovery growth

World trade is recovering faster than previously expected - after falling by 5.3% in 2020, physical growth could reach 8% this year, according to an updated World Trade Organization (WTO) forecast. The volume of world trade this year will increase by 8% after a decline of 5.3% in 2020 - this is the...

Global Aviation Appeals For Funding Under Biden’s Infrastructure Package

The reason cited for the plea is the “long overdue” of modernisation. In response to the economy revamp proposal of the U.S. President Biden, aviation companies from across the globe have “made a plea” for “funding under a roughly $2 trillion” infrastructure package. The reason cited for the plea...

Fire At Chip Plant Worsens Global Chip Shortfall Woes

IHS predicts that as much as “1.3 million global light vehicles” production could suffer. HIS Markit, a data firm, reported that the global auto industry is a victim of “ongoing chip shortage” worsened by a recent fire incident “at a Japanese semiconductor factory” besides the “severe weather” seen...

Stranded Ship Could Lock Block Suez Canal For Weeks Affecting Global Trade

There was a new set back to global trade as authorities of the Suez Canal stopped all ships entering the channel on Thursday as the huge container ship continued to block the busiest channel of the world trade as the salvage company said that it will take weeks to free the channel of the blockade....

Bloomberg warns of toilet paper shortages in the world

A shortage of ships carrying raw materials from South America could cause a global shortage of toilet paper, Bloomberg reports. According to the agency, Brazil is the world's largest supplier of raw wood, and Brazilian company Suzano Papel e Celulose accounts for a third of the global supply of raw...

World’s Billionaires Got Richer In 2020 As World Grappled With Pandemic

The wealth of billionaires reached new heights in 2020 when the rest of the world was grappling with unemployment and lost jobs and businesses because of the Covid-19 pandemic. And currently many of those billionaires are trying to hold onto and consolidate their fortunes even as the world...