Exports China

China’s factory activity jumped back into expansion among smaller manufacturers in October 2024, according to a private survey report released on Friday 1st November 2024. In October 2024, the Caixin/S&P Global manufacturing purchasing managers’ index reached 50.3, surpassing the prediction of 49.7. The index stood at 49.3 in September 2024, 50.4Read More →

U.S. presidential election

Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently made headlines in the U.S. with his stark predictions about the potential economic fallout if Donald Trump wins the upcoming presidential election. This is unusual, as you are more likely to hear these proposals in a crisis,Read More →

Apple smartphones

Apple has returned to the top five smartphone vendors in China’s market during the third quarter, lifted by the release of the iPhone 16, according to data. Apple’s shipment growth remained steady year-on-year in the Q2, securing the company a second-place rank by market share in Q3. Following Apple, HuaweiRead More →

World debt

The International Monetary Fund’s leader warned on Thursday 17th October 2024 that the global economy continues to be hindered by high government debt and sluggish growth. MD Kristalina Georgieva praised the efforts of major central banks in controlling inflation but pointed out that such successes were not widespread. Additionally, GeorgievaRead More →

UK homes

In October 2024, the asking prices for UK homes increased only slightly as the market saw an influx of properties, a survey reportedly revealed on Monday 21st October 2024 This report also indicated that some buyers were holding off on purchases, awaiting details on tax revisions from the new government’sRead More →

A bar of gold

Gold continues on its path to new highs touching $2740 on 21st October 2024 In 2024, gold experienced a surge of over 35%, reaching new record highs. This increase was propelled by the anticipation of additional Federal Reserve rate reductions following a half-percentage-point cut in September 2024, coupled with persistentRead More →

AWS nuclear power

Amazon Web Services (AWS) has announced the signing of an agreement with Dominion Energy, the utility company of Virginia U.S., to explore the development of a small modular nuclear reactor near Dominion’s existing North Anna nuclear power station. As Amazon’s cloud computing subsidiary, AWS has an ever-growing demand for cleanRead More →

Data centre powered by nuclear reactors

Why? Elevated Energy Needs AI systems, particularly generative AI, necessitate substantial computational power, leading to significant energy use. Conventional energy sources might not meet these growing demands. Environmental Commitments Numerous tech firms have pledged to lower their carbon emissions. Nuclear power, a low-emission energy source, supports these environmental commitments. DependabilityRead More →

Union Jack Flag UK

The UK Labour government aimed to attract foreign investment on Monday 14th October by hosting its first International Investment Summit in London Prime Minister Keir Starmer, Chancellor Rachel Reeves, and Business Minister Jonathan Reynolds headed the one-day event at London’s Guildhall, with an attendance of approximately 200 executives from bothRead More →

Elon Musk's Sci-Fi vision

Tesla’s stock declined on Friday 11th October 2024 following the electric vehicle maker’s highly anticipated robotaxi event, which left investors unimpressed £60 billion was wiped off Tesla market cap CEO Elon Musk showcased the Cybercab concept vehicle, announcing that it would be available for purchase at a price below $30,000.Read More →

XRP Ripple system

Ripple has announced the launch of a range of features designed to assist banks and fintech’s with the storage of digital tokens, marking a significant expansion into the realm of crypto custody. Crypto custody services, which support clients in managing their crypto assets, represent a new venture for Ripple, nowRead More →

Potential legal Google break-up

On Tuesday, October 8, 2024, the U.S. Department of Justice (DOJ) indicated that it might consider the break-up of Google as an antitrust action. The DOJ is considering both behavioural and structural options to prevent Google from using products like Chrome, Play, and Android to favour Google Search. The decisionRead More →

Passive income from dividend stocks

The FTSE 100 index comprises the 100 largest companies by market capitalisation. These companies are typically well-established and financially stable, making them reliable dividend payers.  The average dividend yield for the FTSE 100 is around 3.97%. Here are ten dividend stocks in the FTSE 100 British American Tobacco (BATS) – KnownRead More →

China stocks drop

On Wednesday 9th October 2024, Chinese stocks experienced a sharp decline, with the Shanghai benchmark plummeting by 6.6% Hong Kong’s index fell by 1.5%, in contrast to the mostly positive performance of other global markets. Beijing’s recently detailed economic stimulus plans did not meet the high expectations set after theRead More →

Crypto exchange desk workser

Creditors of the disgraced cryptocurrency exchange FTX are set to receive up to $16.5 billion (£12.6 billion) following a bankruptcy plan sanctioned in the U.S. on Monday This settlement concludes a tumultuous period that began with the company’s bankruptcy in November 2022, which left millions of customers without access toRead More →

EU EV Charge

On Friday 4th October 2024, the European Union voted to implement definitive tariffs on battery electric vehicles (BEVs) made in China ‘The European Commission’s proposal to levy definitive countervailing duties on imports of Chinese battery electric vehicles has garnered the requisite support from EU Member States to proceed with theRead More →

Super rich

According to the Bloomberg Billionaires Index, Meta CEO Mark Zuckerberg has overtaken Jeff Bezos as the world’s second-richest person Zuckerberg’s wealth surged by $78 billion in 2024, a rise unmatched by any other member of the index’s 500 richest individuals, thanks to his 13% stake in Meta. Throughout the year,Read More →

Chatbot with celebrity voices

Meta, the parent company of Instagram, has announced that voices of Dame Judi Dench and John Cena will be available as options for its AI chatbot. Moreover, users can access information through AI representations of celebrities such as Awkwafina, Keegan-Michael Key, and Kristen Bell. Meta is hopeful that this newRead More →

AI microchips

Chinese firms are reportedly intensifying their efforts to develop a competitive alternative to Nvidia’s AI chips, as part of Beijing’s ongoing initiative to reduce its reliance on U.S. technology. China faces several challenges that are impeding its technological progress, including U.S. export restrictions that limit domestic semiconductor production. The lackRead More →