In the lead-up to France’s surprise parliamentary election, both far-right and leftist parties are gaining momentum, putting pressure on President Emmanuel Macron’s centrist administration. The far-right National Rally party, led by Marine Le Pen, is currently leading in opinion polls but is not expected to win an absolute majority. The party has hinted at policies
Italian Prime Minister Giorgia Meloni has managed to walk the fine line between pragmatism and conservatism since taking office in 2022. However, the recent G7 summit she hosted in southern Italy showcased her unwavering stance on issues close to her nationalist heart – particularly those related to family and reproduction rights. In the lead-up to
Brazil’s President Luiz Inacio Lula da Silva expressed his willingness to consider Finance Minister Fernando Haddad’s spending cut proposals. However, he made it clear that any fiscal adjustments should not come at the expense of the poor. This suggests that the president is cautious about implementing measures that could further burden vulnerable populations in the
Investors concerned about concentration risk in the market should consider shifting towards value-oriented investments. According to Avantis Investors chief investment strategist, Phil McInnis, taking a more diversified approach can potentially yield better returns in the long run when compared to simply investing in index funds like the S&P 500. Avantis’ U.S. Large Cap Value ETF
U.S. Vice President Kamala Harris recently announced in Lucerne, Switzerland, more than $1.5 billion in aid for Ukraine, particularly focusing on the country’s energy sector and addressing the humanitarian crisis stemming from Russia’s 27-month invasion. This announcement came during a Ukraine peace summit, underscoring the significance of the aid package to assist Ukraine in these
Contrary to recent reports that have caused turmoil in Indonesia’s currency and bond markets, it has been clarified by senior aide Thomas Djiwandono that President-elect Prabowo Subianto has no intention of increasing the country’s public debt to 50% of GDP. The speculation that Prabowo aimed to raise the debt-to-GDP ratio to 50% has been denied,
In a recent shareholder meeting, Tesla investors voted in favor of CEO Elon Musk’s $56 billion pay package, signaling their confidence in his leadership and vision for the company’s future. Despite pushback from institutional investors, Musk received overwhelming support from retail investors, solidifying his position at the helm of Tesla. This approval is a testament
The Pound Sterling has been experiencing fluctuations as it recently declined to 1.2700 against the USD after the Fed signaled only one rate cut this year. This decline is a result of uncertainties in the market regarding the future of interest rates in both the UK and the US. One of the concerns for policymakers
French Finance Minister Bruno Le Maire has issued a warning that France could be on the brink of a financial crisis if the far-right party wins in the upcoming elections. Opinion polls suggest that Marine Le Pen’s National Rally (RN) is gaining traction, with promises to reduce living costs and increase public spending. Le Maire
The Japanese yen exchange rate against the US dollar has been under scrutiny as of late, and the latest developments do not paint a promising picture. The USD/JPY pair saw a rise to nearly 158.00 following the June meeting of the Bank of Japan where the interest rate remained unchanged. The market response seemed to
The financial technology industry is seeing a slump in investment, but one startup is defying the odds. CleverCards, a Dublin-based firm, has secured an impressive 8 million euros in funding to tackle the issue of employees abusing corporate expenses. By leveraging technology, CleverCards aims to provide companies with a digital platform linked to configurable expense
When analyzing the NZDUSD pair, it is evident that the pair has faced significant resistance around the 0.6220 level. Despite attempts to break through, the pair settled at 0.6170, indicating a struggle to move past this key resistance level. The Relative Strength Index (RSI) at 56 trending downwards suggests a drop in buying pressure. Additionally,