Special Reports

The Japanese government has approved a $250 billion economic package, featuring subsidies to address rising energy costs and direct cash aid to low-income families, as inflation driven by a weakening yen continues to pressure consumer spending. In this new initiative, Prime Minister Shigeru Ishiba's administration committed to increasing disposable incomes...

On Thursday, Chinese Vice Premier He Lifeng held discussions with Citigroup CEO Jane Fraser in Beijing. As a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, He emphasized China's dedication to advancing financial reforms and expanding high-level, two-way openness in its financial sector. He...

The GBP/USD pair extended its losses for a third consecutive session on Friday, trading around 1.2580 during Asian market hours. The decline was driven by a stronger US Dollar as market participants continued to assess the Federal Reserve's monetary policy stance following an unexpected drop in US Initial Jobless Claims....

Bitcoin, the pioneering digital currency, recently surpassed the $98,000 mark, elevating its enigmatic creator, Satoshi Nakamoto, to 18th on the global list of the richest individuals. Previously, Satoshi had occupied the 19th spot. Thursday saw Bitcoin hitting an unprecedented $98,370, extending its winning streak to four consecutive days. This upward...

Mali has released three executives from Resolute Mining Ltd., including CEO Terry Holohan, following their detention amid a tax dispute, according to reports from a judicial source and an official from a local gold mine. The executives were freed on Wednesday after Resolute reached a $160 million settlement with the...

On Tuesday, the G20's final declaration expressed support for the ambitious outcomes of the UN Climate Change Conference in Dubai (COP28), emphasizing what was termed the "UAE Consensus." However, the document did not explicitly mention the commitment made at last year’s UN climate summit to “transition away” from fossil fuels....

Metal and mineral prices dropped by 7% in the third quarter of 2024 before seeing a slight increase in October. The decline during 2024Q3 was primarily due to indications of slowing industrial activity in major economies, particularly China, coupled with a rise in base metal production earlier in the year....

Australia’s wealthiest individual, Gina Rinehart, recently held a private meeting with Elon Musk in Florida, according to reports. Rinehart, who serves as the chair of Hancock Prospecting with an estimated net worth of $30 billion, confirmed the encounter in a statement to the Australian Financial Review this week. The two...

Two months ago, the Dangote Oil Refinery began gasoline production, supplying Nigeria’s state oil company, the Nigerian National Petroleum Company (NNPC). This marks a historic shift, as Africa’s largest oil producer is refining its own crude for the first time in decades. The state-of-the-art $20 billion facility, launched in January...

The Food and Agriculture Organization (FAO) of the United Nations has released its latest Food Outlook report, projecting that the global food import bill will surpass $2 trillion in 2024, marking a 2.2% increase from the previous year. This rise is primarily driven by higher prices for commodities like cocoa,...