Posts by Kim Browne
Gold rises as investors grow cautious amid US debt fears
Markets are now pricing in at least 50 basis points of rate cuts this year, with the first one expected in October Published Thu, May 22, 2025 · 09:30 AM [BENGALURU] Gold prices rose on Thursday (May 22) as investors leaned towards the safe-haven asset due to mounting concerns over the US government’s growing debt…
Read MoreAs Rolex shrinks retail near new New York City flagship, Patek Philippe expands
[NEW YORK] After 45 years, Rolexes will no longer be sold at Wempe, the tony watch and jewellery dealer at 700 Fifth Ave, one of retail’s most prestigious addresses. The watches are not going far, though. Rolex is finishing construction on a new, 199,000-square-foot New York headquarters designed by David Chipperfield Architects two blocks away…
Read MoreChinese firms go on fundraising spree amid rush of easy money
[HONG KONG] Chinese companies are seizing on a window of opportunity to raise capital as global investors pour money into Asian assets in search of alternatives to the US. The surge in inflows created by the waning of US exceptionalism and the Beijing-Washington trade truce has fuelled one of the most active fundraising booms the…
Read MoreConsumer groups want airlines to pay for baggage fees ‘distress’
[PARIS] Sixteen European consumer groups on Wednesday called on the European Union to take action against seven low-cost airlines over their baggage fees. The European Consumer Organisation, BEUC, which has overseen the initiative, accuses airlines of “misleading” passengers and creating “confusion” and “distress” at check-ins with their different policies. The action by the consumer groups…
Read MoreNike to raise prices by next week, to return to selling on Amazon, media reports say
NIKE is set to raise prices on several of its products starting next week and will also return to selling its products at online retail giant Amazon, according to media reports, as President Donald Trump’s tariffs disrupt global supply chains and impact retailers’ profits. The company, which sources a significant portion of its footwear from…
Read MoreUS to keep China chip curbs, spurning Nvidia’s call for relief
[WASHINGTON] The Trump administration will maintain efforts to keep advanced artificial intelligence (AI) technology out of China’s hands, a top White House official said, brushing off calls from Nvidia chief executive officer Jensen Huang to ease restrictions on chip exports to the world’s second-largest economy. “We obviously have huge respect for Jensen,” Sriram Krishnan, White…
Read MoreGoogle brings ads to AI search in ChatGPT battle
[SAN FRANCISCO] Google said on Wednesday it is beginning to weave advertisements into its new AI Mode for online search, a strategic move to counter the challenge posed by ChatGPT as the primary source for online answers. The integration of advertising has been a key question surrounding the immense popularity of generative artificial intelligence chatbots,…
Read MoreApple design legend Jony Ive joins OpenAI
[SAN FRANCISCO] The legendary designer behind Apple’s iPhone, Jony Ive, has joined OpenAI to create devices tailored for using generative artificial intelligence, according to a video posted Wednesday by the ChatGPT maker. Ive and his team will take over design at OpenAI as part of an acquisition of his startup named “IO” valued at US$6.5…
Read MoreOil prices fall on news that US-Iran will hold nuclear talks
[NEW YORK] Oil prices settled lower on Wednesday, after Oman’s foreign minister said a fresh round of nuclear talks between Iran and the US would take place later this week. Prices had gained earlier in the session on a CNN report on Tuesday that US intelligence suggests Israel is preparing to strike Iranian nuclear facilities. CNN…
Read MoreEurope: Stocks ease from two-month highs as retailers, luxury stocks weigh
EUROPEAN stocks were little changed on Wednesday as gains in broader stocks outweighed declines in luxury and retail stocks, while investors monitored a tax cut bill in the United States. The pan-European Stoxx 600 closed slightly lower at 553.82, with retail stocks weighing heavily on the market. London’s JD Sports fell 10.6 per cent to the bottom…
Read MoreUS: Stocks tumble as bond yields spike amid deficit worries
WALL Street stocks slid on Wednesday as US Treasury yields surged amid investor unease over President Donald Trump’s giant tax cut legislation moving through Congress. The yield on the 10-year US Treasury note approached 4.6 per cent as Trump seeks to unify Republicans in the House of Representatives to approve a sweeping bill that would slash taxes…
Read More“F**k You”: Entire Trump Team Hated Elon Musk, Damning Report Reveals
In March, Musk walked into what he understood to be an ambush, facing heated backlash from Secretary of State Marco Rubio, Veterans Affairs Secretary Doug Collins, and Transportation Secretary Sean Duffy. Donald Trump had arranged the volatile meeting: “Bring them all in here, and we’ll have at it,” Trump said, according to The Atlantic. The…
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