Author: cyrus
āGold Prices Hit Record High as IsraelāIran War and U.S. Recession Fears Drive Safe-Haven Demandā
Key Points Current Gold Price Gold is currently trading at approximately $3,431.38 per ounce, close to its record high, influenced by ongoing conflicts in the [more…]
āNVIDIA Backs Sovereign AI Push in Europe and Middle East, Partners on Regional LLM Developmentā
Key Points Background Nvidia, a leader in AI chip technology, has been promoting “sovereign AI,” which means countries developing their own AI systems based on [more…]
āMeta Eyes $10ā14 Billion Investment in Scale AI, Mark Zuckerbergās Biggest Bet Yet on Artificial Intelligenceā
Key Points Background Meta, the company behind Facebook, is looking to strengthen its position in artificial intelligence by potentially investing heavily in Scale AI, a [more…]
āADNOC-Led Consortium Launches A$36.4B ($18.7B) Bid to Acquire Santos, Australiaās 2ndāLargest Gas Producerā
Key Points Background Santos is Australia’s second-largest gas producer, and ADNOC is a state-owned oil company from the United Arab Emirates. This takeover could significantly [more…]
āIMAX & Wanda Expand in China, 6 Lunar New Year Blockbusters Reignite 2025 Box Office Amid Hollywood Import Cutsā
Key Points Background Imax, known for its large-format movie screens, is expanding in China, the worldās second-largest film market, by partnering with Wanda Film Holding [more…]
āGlobal Markets Monitor: Oil Surges on IsraelāIran Escalation While Dow, S&P & Nasdaq Futures Waver ā June 16, 2025ā
Key Points Oil Price Movement On June 16, 2025, oil prices initially surged due to escalating tensions between Israel and Iran but later trimmed those [more…]
āChina May Retail Sales Surge Amid Trade War: Export Goods Stay Home, Factory Output Slows on U.S. Tariffsā
Key Points Retail Sales Boost China’s retail sales rose by 6.4% year-on-year in May 2025, driven by promotions of goods meant for export but sold [more…]
Who is Luca de Meo, reported to be Kering’s new CEO?
Key Points Background Luca de Meo is currently the CEO of Renault Group but is reportedly stepping down to lead Kering, a luxury goods company [more…]
āSouth Korea Launches Industry-Ministry Task Force to Expedite U.S. Trade & Tariff Talksā
Key Points Background South Korea has taken steps to strengthen its trade relations with the U.S., especially as global tariff tensions rise. This task force [more…]
āWestern Sydney Daylight Shootings: Masked Gunmen Open Fire at Auburn Kebab Shop, Three Hospitalized Including Underworld Figureā
Key Points Incident Overview On June 16, 2025, around 1:10 PM, two masked gunmen fired eight shots at a kebab shop in Auburn, western Sydney, [more…]