Author: Press Room

© Reuters. FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo By Yelin Mo and Brenda Goh BEIJING (Reuters) – Apple (NASDAQ:) saw a decline in the value of smartphone sales during China’s recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi (OTC:) which recorded robust increases. The value of Apple’s smartphone sales declined 4% year-on-year during the two-week sales from October 30th to November 12th, the research consultancy said on Thursday.…

© Reuters. Investing.com– Gold prices rose slightly in Asian trade on Thursday after pulling back from key levels in overnight trade as strong labor market data fueled uncertainty over the path of U.S. interest rates.  The yellow metal saw a strong run-up this week amid growing optimism that the Federal Reserve was done raising interest rates in its current cycle. Gold prices briefly crossed the $2000 an ounce mark on Tuesday. But signs of resilience in the U.S. labor market and hawkish signals from the of the Fed’s recent meeting stalled gold’s rally. A rebound in the – from near…

imaginima London (UKX) +0.33% UK household energy bills set to rise as Ofgem raises price cap for next year; Goldman Sachs raises UK real GDP growth forecast for 2024 to 0.7% from 0.6% previously Germany (DAX:IND) +0.11% Germany’s manufacturing sector increased highest in six months France (CAC:IND) +0.19% France manufacturing and services sectors declined in November; France November business confidence 97 vs 98 prior The pan-European Stoxx 600 (STOXX) gained 0.16%. In the bond market, the U.S. 10-year Treasury yield was down 1 basis point at 4.41%. Germany’s 10-year yield was up less than 1 basis point to 2.57%. U.K.’s…

© Reuters. The Canadian dollar has been on a downward trajectory this week, influenced by various economic factors and market movements. Despite an overall stronger US dollar, the currency pair marked its third consecutive session of decline on Thursday, trading near 1.3680. This comes amid a broader dip in the DXY index, which measures the greenback against a basket of other major currencies, falling to around 103.70 as equity markets showed signs of cooling before the US Thanksgiving holiday. The loonie’s weakness was particularly noticeable on Wednesday as West Texas Intermediate (WTI) prices dropped to $76.10. This decline in one…

One sector on the often-overlooked northern border saw a 550% increase in migrant apprehensions last fiscal year, the latest statistic highlighting the increase in numbers that border officials are seeing.Swanton Sector Chief Patrol Agent Robert Garcia said this week that agents have seen a 550% increase in apprehensions, with 6,925 apprehensions between October 2022 and the end of September.He also said the migrants were arriving from 79 different countries, with the top five countries from which migrants originated being Mexico, India, Venezuela, Haiti and Romania.GOP LAWMAKER SOUNDS ALARM ON ‘DANGEROUS’ THREAT TO US COMING FROM POROUS BORDER, AND IT’S NOT…

Northern China is struggling with a wave of respiratory illnesses among its children.Cities like Beijing and Tianjin have been hit hard by cases of flu and pneumonia, hospitals said.One children’s hospital said it was receiving over 12,000 patients per day. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Flu, pneumonia, and COVID cases have surged in recent weeks among children in China, overwhelming hospitals and stoking fears of a new national epidemic.Medical facilities in northern Chinese cities are warning that pediatric visits have swelled…

Hello everyone, this is Akito from Singapore.Earlier this month, I spoke with Intel CEO Pat Gelsinger in Tokyo at an event hosted by Nikkei. Gelsinger, who said he was “pushed out” from Intel in 2009, returned to the company in 2021 at the request of its board of directors. During the decade he was absent, Intel lost ground to rival chipmakers from Taiwan and elsewhere. From the stage in Tokyo, Gelsinger pledged to lead the company to a revival and stressed the importance of AI to achieving that goal.Whether Intel can pull off a complete comeback remains to be seen,…

Nigeria is currently experiencing a widespread shortage of naira notes, affecting several states and leading to severe cash access constraints. This situation persists despite previous assurances from the Central Bank of Nigeria (CBN) that there was an adequate supply of currency in circulation. Isa AbdulMumin, a representative from the CBN, has reiterated that all denominations of the naira remain legal tender, amid public uncertainty over the validity of older notes following a controversial redesign policy by CBN Governor Godwin Emefiele. The policy, which aimed to curtail excess money supply and was initially proposed between October 2022 and March 2023, encountered…

© Reuters. FILE PHOTO: The logo of commodities trader Glencore is pictured in front of the company’s headquarters in Baar, Switzerland, July 18, 2017. REUTERS/Arnd Wiegmann/File Photo ROME (Reuters) – Swiss mining company Glencore (OTC:) will no longer build an electric vehicle (EV) battery recycling plant on the Italian island of Sardinia due to delays in the authorisation process, Italian trade unions said. Glencore said in May it was going to develop the site with Canada’s Li-Cycle, saying the plant would produce lithium and other materials from the shredded material extracted from used car batteries, known as “black mass”. The…

Ahead of a key OPEC+ meeting, the oil markets remained stable on Wednesday, with expectations that the group may continue production limits into the first quarter of 2024. The deliberations come in response to positive inventory trends and solid demand projections, despite Saudi Arabia’s waning influence in the market. Goldman Sachs has identified a one-in-three chance that OPEC+ will decide to implement further output reductions. This assessment, made on Tuesday, takes into account factors such as timespreads, inventory levels, and Saudi Arabia’s position in the market. With prices potentially dropping below $80 per barrel due to reduced demand in Q1,…