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Mon, Jan 19, 2026 03:39 AM All times are UTC

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World Bank Slashes Kenya’s 2025 Growth Forecast to 4.5% Amid High Debt and Credit Slowdown

May 27, 2025 06:26 am UTC| Economy

The World Bank has cut Kenyas 2025 economic growth forecast to 4.5%, down from an earlier estimate of 5.0%, citing rising public debt, elevated lending rates, and a sharp decline in private sector credit. The revision...

Gold Prices Fall as Trump Tariff Delay Lifts Risk Appetite

May 27, 2025 06:08 am UTC| Economy

Gold prices declined in Asian trading on Tuesday, extending losses as investor sentiment improved following U.S. President Donald Trumps decision to delay imposing 50% tariffs on European Union imports. The move boosted...

Asian Markets Slip as U.S. Tariff Delay Lifts Futures, Dollar Faces Fifth Monthly Loss

May 27, 2025 02:44 am UTC| Economy

Asian shares edged lower on Tuesday, while U.S. stock futures rose after President Donald Trump postponed a planned 50% tariff on EU imports, extending the deadline to July 9. The delay boosted risk sentiment, driving...

BOJ Warns Rising Food Prices May Fuel Underlying Inflation, Signals More Rate Hikes

May 27, 2025 02:14 am UTC| Economy Central Banks

Bank of Japan Governor Kazuo Ueda warned that surging food pricesespecially a 90% spike in ricecould intensify underlying inflation, pushing it closer to or beyond the central banks 2% target. While core inflation reached...

US Dollar Slides on Debt Concerns and Trump’s Tax Bill Debate

May 27, 2025 02:13 am UTC| Economy

The US dollar extended its decline Tuesday as investors grew increasingly wary over the countrys rising debt burden linked to President Donald Trumps sweeping tax and spending proposals. Markets remained cautious amid...

Japan's Net External Assets Hit Record ¥533 Trillion in 2024, Falls Behind Germany

May 27, 2025 02:11 am UTC| Economy

Japans net external assets surged to a record 533.1 trillion ($3.73 trillion) in 2024, marking the seventh consecutive annual increase, according to the Ministry of Finance. The rise was driven by a weaker yen and an...

Bank of Korea Set to Cut Rates as Growth Slows and Inflation Stabilizes

May 27, 2025 02:07 am UTC| Economy Central Banks

The Bank of Korea (BOK) is widely expected to lower its benchmark interest rate by 25 basis points to 2.50% on May 29, marking its first cut since 2022. This anticipated move comes as South Koreas economy shrank 0.2% in Q1...

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Economy

Asian Stock Markets Slide as Trump’s Greenland Tariff Threat Shakes Global Sentiment

Asian stock markets mostly declined on Monday as renewed trade tariff threats from U.S. President Donald Trump reignited global risk aversion. Investor sentiment weakened after Trump announced potential tariffs of up to...

China Economic Growth Slows in Q4 as Domestic Demand Weakens Despite Meeting 2025 Target

Chinas economic growth slowed to a three-year low in the fourth quarter, highlighting mounting pressure on the worlds second-largest economy as weak domestic demand, a prolonged property downturn, and structural imbalances...

Oil Prices Steady in Asia as Iran Supply Fears Ease and Trump Tariff Threats Weigh

Oil prices were largely steady during Asian trading on Monday, reflecting a cautious market mood after significant volatility last week driven by geopolitical and trade-related developments. Brent crude futures for March...

Global Markets Slide as Trump Tariff Threats Shake Stocks, Boost Gold and Yen

U.S. stock futures fell sharply on Monday as fresh tariff threats from President Donald Trump rattled global financial markets, pushing investors toward traditional safe-haven assets such as gold, the Japanese yen, and the...

China’s Economic Growth Slows as Structural Challenges and Trade Risks Weigh on Outlook

Chinas economic growth likely cooled to a three-year low in the fourth quarter, reflecting weaker domestic demand even as the full-year performance stayed close to Beijings official target. According to a Reuters poll,...

Politics

CBS News to Air Delayed 60 Minutes Report on El Salvador’s CECOT Mega-Prison

CBS News is set to air a previously postponed 60 Minutes investigation on Sunday night, focusing on El Salvadors controversial CECOT mega-prison and the treatment of migrants deported from the United States. The report,...

Vietnam Communist Party Congress to Shape Leadership and Economic Strategy

Hundreds of delegates from Vietnams ruling Communist Party are gathering in Hanoi under tight security for a pivotal week-long congress that will determine the countrys top leadership and set economic and security...

Iran Warns of Harsh Response to Possible U.S. Strike Amid Deadly Nationwide Protests

Irans president has warned that any U.S. military strike against the country would trigger a harsh and regrettable response, as Iran faces mounting international scrutiny over its deadliest wave of protests in decades. The...

Japan Snap Election Fuels Debate Over Consumption Tax Cut Amid Rising Living Costs

Japans expected snap general election is intensifying debate over a possible cut to the consumption tax, as both ruling and opposition parties signal support for easing the burden on households facing rising living costs....

Starmer Criticizes Tariffs on NATO Allies in Call With Trump

British Prime Minister Keir Starmer has expressed strong opposition to the idea of imposing tariffs on NATO allies, arguing that such measures undermine collective security efforts. Starmer made his position clear during a...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Micron to Buy Powerchip Fab for $1.8 Billion, Shares Surge Nearly 10%

Shares of Taiwans Powerchip Semiconductor Manufacturing Corp jumped nearly 10% on Monday following news that U.S. memory chip giant Micron Technology plans to acquire one of Powerchips fabrication facilities in Taiwan,...

Tesla Revives Dojo Supercomputer Project With AI5 Chip at the Core

Tesla Inc (NASDAQ: TSLA) is set to restart development of its next-generation supercomputer, Dojo3, marking a renewed push into artificial intelligence infrastructure. Tesla CEO Elon Musk confirmed on Sunday that work on...

South Korea Seeks Favorable U.S. Tariff Terms on Memory Chip Imports

South Korea is moving to secure favorable treatment from the United States on tariffs affecting memory chip imports, following recent trade actions announced by the U.S. government. A spokesperson from South Koreas...

South Korea Sees Limited Impact From New U.S. Tariffs on Advanced AI Chips

South Koreas trade minister said a newly announced U.S. tariff on certain advanced computing chips is expected to have only a limited short-term impact on South Korean companies, while cautioning that future measures could...

Elon Musk Seeks $134 Billion in Lawsuit Against OpenAI and Microsoft Over Alleged Wrongful Gains

Elon Musk has escalated his legal battle against OpenAI and Microsoft, seeking up to $134 billion in damages over what he claims are wrongful gains stemming from his early involvement in the artificial intelligence...

Digital Currency