In a recent move to support the venture capital industry in China, authorities have unveiled a new policy that aims to promote the high-quality development of venture capital. This comes at a time when the once-thriving ecosystem of investment capital and startups in China has faced a significant slowdown due to increased regulatory scrutiny over
The current state of the economy is a matter of concern, particularly with the economy hovering just above a recession. The Reserve Bank’s ability to stimulate economic growth through interest rate cuts is limited at the moment. The upcoming Australian Monthly CPI Indicator release on June 26 is anticipated to show an increase from 3.6%
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As geopolitical tensions continue to escalate in both the Middle East and Asia, investors are turning to safe-haven assets such as gold and silver. The recent news of a potential conflict on the northern border between Lebanon and Israel has sparked renewed demand for these precious metals. The implications of a wider conflict could have
New York has recently introduced a program that provides homeowners with the opportunity to receive up to $14,000 in total rebates for making energy-efficiency upgrades to their properties. This initiative is part of the federal Inflation Reduction Act signed by President Joe Biden in 2022. The act allocated $8.8 billion for consumers through two Home
The U.S. Supreme Court recently issued a ruling against a challenge to a tax on Americans who have invested in certain foreign corporations. The case involved Charles and Kathleen Moore, a retired couple from Redmond, Washington, who contested the tax on foreign company earnings that have not been distributed to shareholders. The 7-2 ruling upheld
Ilya Sutskever, known for being a co-founder of OpenAI, recently made an exciting announcement about his new venture in the world of artificial intelligence. His new company, Safe Superintelligence (SSI), will be dedicated to the development of safe superintelligence. Unlike other companies in the industry, SSI will have a singular focus on this goal, aiming
European Union countries have come together to agree on a new package of sanctions against Russia in response to its ongoing war in Ukraine. This 14th package includes the first-ever restrictions on Russian gas, specifically targeting re-exports of Russian liquefied natural gas (LNG) in EU waters. While the package falls short of completely banning imports,
Silver prices have been on the rise recently, with a current trading price of $30.19 per troy ounce. The increase of 26.89% since the beginning of the year has caught the attention of investors looking to diversify their portfolio. But what exactly are the factors that influence the price of Silver? One of the key
Tropical Storm Alberto, the first named storm of the 2024 Atlantic hurricane season, has developed over the western Gulf of Mexico according to the U.S. National Hurricane Center (NHC). The storm is situated approximately 185 miles east of Tampico, Mexico, with sustained winds of 40 mph. Despite its current strength, Alberto is expected to weaken
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The European Commission recently announced disciplinary steps against seven EU countries for running excessive budget deficits. The countries singled out are France, Belgium, Italy, Hungary, Malta, Poland, and Slovakia. These deficits are primarily attributed to the impact of the COVID pandemic and the energy price crisis following Russia’s invasion of Ukraine in 2022. France’s Budget