Tuesday, December 5, 2023

Business

Toyota Suspends Yaris Sales Over Safety Test

Japanese automaker Toyota Motor Corp has halted sales and deliveries of its Yaris Ativ model in Thailand following revelations that part of the door was rigged in side-collision safety tests. Toyota's CEO for the Asia region, Masahiko Maeda, stated...

Gold Demand and Prices Surge on Weak Dollar and Recession

The demand for gold is on the rise, and its price is increasing due to developments on the foreign exchange market. The US dollar has lost value recently, which has led to an increase in demand for gold as...

Asian Stocks Stagnant as Inflation Concerns Loom

Asian stocks were mostly stagnant on Tuesday as investors grappled with inflation concerns following the surprise cuts to OPEC+ group's oil output targets. This announcement led to a 6% overnight jump in Brent crude, which was up 0.5% to...

USD Rises Slightly as UBS Takeover Eases Banking Crisis

The US dollar rose slightly on Tuesday, but remained close to a five-week low as investors cautiously returned to riskier assets after UBS' state-backed takeover of Credit Suisse eased some concerns over a banking crisis. The announcement of UBS'...

US Banks Inject $30B to Rescue First Republic Bank

U.S. banks injected $30 billion in deposits into First Republic Bank (FRC.N) on Thursday, in an effort to rescue the lender caught up in a widening crisis triggered by the collapse of two other mid-size U.S. lenders over the...

Credit Suisse Shares Plummet Shareholder Withdraws Support

Credit Suisse, Switzerland's second-largest bank, suffered a massive blow to investor confidence after its largest shareholder, Harris Associates, announced its inability to provide any further support to the embattled lender. In response, Credit Suisse's shares (CSGN.S) plummeted by as...

US Banking Crisis Looms: Silicon Valley Bank Collapses

The US banking sector is facing a major crisis as Silicon Valley Bank, the second-largest bankruptcy in the country's history, collapsed at a record speed. This has sparked fears of a global banking crisis similar to the one that...

Asian Shares Edge Up Ahead of US Rate Outlook Update

Asian shares inched higher on Monday as investors awaited an update on the US interest rate outlook from Federal Reserve Chair Jerome Powell, and a jobs report that could have implications for future rate hikes. The recent run of data...

Austria’s Solar Panel Sales Soar Despite Prices Hike

Geizhals.at, the popular price comparison platform, has released its latest report on price changes across various product categories. The report indicates that Solar panel sales saw a significant increase in prices in the previous year, with inverters becoming 285%...

Twitter to Monetize API Used for Aiding Earthquake Victims

Twitter to monetize API used for aiding earthquake victims, following the destructive earthquake that occurred in Turkey and Syria, numerous volunteer software developers have been utilizing a vital Twitter tool to scour the platform for requests for assistance, including...

Latest News

UK Joins US in Supporting Israel in the Israel-Palestine War

In a significant development, the UK has revealed plans to enter the Israel-Palestine conflict by conducting surveillance flights over...