Russia’s foreign ministry claimed that Ukraine used Western-made rockets in an attack that destroyed a bridge over the Seym river in the Kursk region. Maria Zakharova, the spokeswoman for the Russian foreign ministry, specifically mentioned American HIMARS as the likely source of the rockets. The attack resulted in the complete destruction of the bridge and
World
The proposed settlement from Deutsche Bank in a long-running case has been met with criticism from a lawyer representing the plaintiffs. Described as a “late low ball” offer, the crux of the challenge against the German lender revolves around the underpayment for its acquisition of Postbank. Legal action has been ongoing since 2010, with hundreds
China’s latest economic data release has revealed a mixed bag of results for July. While retail sales managed to grow more than expected by 2.7%, industrial production fell short of forecasts with a 5.1% increase. This disparity between the two key sectors of the economy indicates a divergence in consumer demand and manufacturing output, reflecting
The Asia-Pacific markets have shown significant gains on Wednesday, following a report that producer prices in the U.S. came in lower than expected for the month of July. This news has provided a boost to investor sentiment, with several key indicators pointing to economic improvements in the region. The producer price index, which measures wholesale
European stocks experienced slight gains on Tuesday, with the pan-European Stoxx 600 index trading 0.2% higher, erasing earlier losses. Utilities led the gains with a 0.8% increase, while mining stocks slipped by 0.7%. This follows a mixed performance on Monday, as investors awaited U.S. and U.K. inflation data. Recent U.K. wage data released by the
The United States has decided to send additional troops and military equipment to the Middle East in order to bolster its defense capabilities and support Israel. This move comes amidst rising tensions in the region, particularly following Iran’s threats of retaliation against Israel. The decision to reinforce the military presence in the Middle East underscores
The 2024 Paris Olympic and Paralympic Games have undeniably showcased a seamless blend of luxury and athletics, with prominent luxury brands such as Louis Vuitton and Gucci making significant inroads into the sports world. Fashion has embraced athletes as tastemakers, with global stars like Naomi Osaka and Jack Grealish becoming ambassadors for renowned fashion houses.
The past week on Wall Street was a rollercoaster ride for investors, with the S & P 500 experiencing extreme ups and downs. The market saw its worst day since 2022 on Monday, followed by its best day since 2022 on Thursday. The 10-year Treasury yield also fluctuated significantly, dropping below 3.7% before settling around
The stock market had a turbulent week, with the S&P 500 experiencing a violent rout on Monday. The Dow Jones Industrial Average saw a significant drop, losing 1,000 points, while the S&P 500 had its worst day since 2022, plummeting by 3%. This sudden decline was triggered by disappointing U.S. payrolls data from the prior
Apple is known for its innovative products and services, and the company is now looking to capitalize on its advanced artificial intelligence features by potentially charging users up to $20 for access. Analysts have suggested that this move could help boost the growth of Apple’s lucrative services business. The Cupertino giant is set to launch