Investors are cautiously optimistic on Europe in 2024. Here’s what to watch

Investors are cautiously optimistic on Europe in 2024. Here’s what to watch

A bull and a bear statue stand outside the Frankfurt Stock Exchange in Frankfurt. Ralph Orlowski | Bloomberg | Getty Images After a choppy 2023, economists believe that the European economy is set for a transitional year, as major headwinds — high inflation and rising interest rates — fade into the rearview mirror. Despite the … Read more

India boycott of Maldives may cost country millions in tourism dollars

India boycott of Maldives may cost country millions in tourism dollars

Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify.   “We are seeing a 40% drop in bookings over the last two days,” Ankit Chaturvedi, vice president and global head of marketing at the India-based travel software company Rategain, … Read more

SEC’s compromised account was ‘not due to breach of X’s systems,’ company says

SEC’s compromised account was ‘not due to breach of X’s systems,’ company says

INDIA – 2021/10/16: In this Photo illustration a Bitcoin logo seen displayed on a smartphone with an ETF(exchange traded fund) logo in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Social media X said late Tuesday it has completed a preliminary probe into the compromised … Read more

SEC says it did not yet approve bitcoin ETF, X account was compromised

SEC says it did not yet approve bitcoin ETF, X account was compromised

Omar Marques | Lightrocket | Getty Images The U.S. Securities and Exchange Commission said Tuesday afternoon that an announcement about bitcoin exchange-traded funds on social media was incorrect. “The SEC’s @SECGov X/Twitter account has been compromised. The unauthorized tweet regarding bitcoin ETFs was not made by the SEC or its staff,” an SEC spokesperson told … Read more

Is China’s consumption story over? Here’s what experts are saying

Is China’s consumption story over? Here’s what experts are saying

A woman waits on her bicycle to cross an intersection outside a new shopping mall in Beijing, China, on Sept. 13, 2023. Kevin Frayer | Getty Images News | Getty Images After a year of uneven and disappointing post-pandemic recovery in 2023, China’s consumer sentiment may finally start to improve this year. Last year, the … Read more

China and U.S. keep a close watch

China and U.S. keep a close watch

Supporters listening to Kuomintang presidential candidate, Hou Yu-ih, as he speaks on the stage during an election campaign rally in Taichung, Taiwan, January 8, 2024. Man Hei Leung | Anadolu | Getty Images More than 19 million voters in Taiwan will head to the polls on Saturday to decide if the ruling Democratic Progressive Party … Read more

Meituan lost $82 billion in market cap on slowdown fears, more competition

Meituan lost  billion in market cap on slowdown fears, more competition

A food delivery courier for Meituan in Beijing, China, on Tuesday, Aug. 22, 2023. A surge in sales expected for Meituan may be a catalyst to its shares, which have outperformed peers as services spending turns out to be a rare bright spot amid deepening investor pessimism. Source: Bloomberg Bloomberg | Bloomberg | Getty Images Since the beginning … Read more

China and cybercriminals are targeting American AI companies

China and cybercriminals are targeting American AI companies

American companies like Google, Microsoft, and OpenAI are currently driving the cutting edge of generative artificial intelligence development across the globe. However two of U.S.’s top national security leaders said that AI lead is under attack from foreign cybercriminals and nation-states like China. “Eighteen of the 20 most successful AI companies in the world are … Read more

Houthi militias launch biggest attack to date on merchant vessels in Red Sea

Houthi militias launch biggest attack to date on merchant vessels in Red Sea

A cargo ship boat model is seen in front of “Red Sea” and “Houthi attacks” words in this illustration taken January 9, 2024.  Dado Ruvic | Reuters U.S. and coalition forces under Operation Prosperity Guardian responded Tuesday in the Red Sea to what American officials said was the largest attack to date on merchant vessels … Read more

HPE to acquire Juniper Networks for $14 billion

HPE to acquire Juniper Networks for  billion

Antonio Neri, president and chief executive officer of Hewitt Packerd Enterprise (HPE), speaks during the HPE Discovery CIO Summit in Las Vegas, Nevada, U.S., on Tuesday, June 19, 2018. The summit brings together experts and industry leaders to explore the critical elements CIO’s must address to enable speed and agility, including people, use of data … Read more