Category: finance
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Alibaba Launches Quark AI Glasses in China, Enters Global AI Wearables Market
SHANGHAI, China – Alibaba Group (9988.HK) officially launched its Quark artificial intelligence (AI) glasses in China on Thursday, marking the company’s bold entry into the growing AI wearables market. The move positions Alibaba against global tech giants such as Meta, Apple, Samsung, and Alphabet’s Google, which have dominated the AR and VR headset industries in
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French Antitrust Watchdog Dismisses Qwant Complaint Against Microsoft
PARIS, France – France’s antitrust authority, the Autorité de la Concurrence, has officially dismissed a complaint filed by local search engine Qwant against tech giant Microsoft. The complaint alleged that Microsoft abused its dominant market position, but the watchdog found that Qwant did not provide sufficient evidence to support its claims. Additionally, the Autorité declined
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Bolivia’s Worsening Bread Shortage Tests President Rodrigo Paz as Subsidy Reforms Loom
Bolivia is facing growing shortages of its iconic state-subsidized marraqueta bread, creating an early challenge for newly elected President Rodrigo Paz as he navigates the politically sensitive terrain of subsidy reform. With wheat supplies tightening and production costs rising, bakers say they are struggling to keep up with demand—while consumers increasingly feel the impact at
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Japan’s Key Government Panel Urges Sustainable Fiscal Policy Amid Rising Spending Demands
A group of private-sector advisers on one of Japan’s most influential government panels has called for a stronger commitment to fiscal sustainability, warning that the country must preserve market confidence even as it increases public spending to support economic recovery. In a proposal submitted on Thursday to the Council on Economic and Fiscal Policy (CEFP)—the
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Britain’s Latest Budget Eases Short-Term Uncertainty but Leaves Gilt Outlook Unchanged, Says JPMorgan
The United Kingdom’s newly unveiled tax-raising budget has helped remove some immediate uncertainty surrounding government finances, yet it is not expected to alter the trajectory of UK government bond yields heading into next year, according to JPMorgan’s head of European rates strategy, Francis Diamond. The budget—presented by Finance Minister Rachel Reeves—has been one of the
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Russia Says Emerging Market Gold Buying Fueled by G7 Push to Tap Moscow’s Frozen Assets
MOSCOW, Nov 27, 2025 – Russia’s central bank said on Thursday that a surge in global gold purchases—especially among emerging market central banks—is being fueled by the Group of Seven (G7) countries’ move to potentially seize or leverage Russia’s frozen sovereign assets. Gold prices have been on an extraordinary tear in 2025, rising 59% year-to-date,
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Indian Regulators Review Curbs on Currency Derivatives Amid Market Shift Offshore
MUMBAI, November 27, 2025 – Indian regulators are reportedly in discussions to reassess strict rules governing exchange-traded currency derivatives, after appeals from exchanges and traders. The move comes as trading volumes in India’s currency derivatives market have declined sharply, with activity increasingly moving to offshore platforms such as Singapore’s SGX. Background: RBI Restrictions and Market
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China Urges Humanoid Robot Companies to Avoid Repetitive Products and Focus on R&D
BEIJING, November 27, 2025 – China’s top economic planner has urged humanoid robot manufacturers to prevent the market from being flooded with repetitive products, which could stifle innovation and hinder research and development in the industry. The warning came amid rapid growth in China’s humanoid robotics sector, which now features over 150 companies. Government Guidance
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UK Fiscal Watchdog Head Offers to Resign Following Early Budget Leak
LONDON, November 27, 2025 – The head of Britain’s fiscal watchdog, Office for Budget Responsibility (OBR) Chair Richard Hughes, said on Thursday that he would resign if Chancellor of the Exchequer Rachel Reeves and Parliament lose confidence in him following the early publication of the government’s budget report. The incident, which briefly moved markets, has
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Intesa CEO Carlo Messina Warns Italy Against Excessive Bank Taxes, Highlights Role in Public Debt
MILAN, November 27, 2025 – Intesa Sanpaolo CEO Carlo Messina has urged the Italian government to avoid imposing excessive taxes on banks, emphasizing the critical role financial institutions play in supporting the country’s public debt. Speaking to Il Sole 24 Ore, Messina highlighted that banks and insurers are key players in funding Italy’s economic and
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