Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by…
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Pakistan and Iran are exploring a possible path toward renewed negotiations with the United States (US) as part of a new diplomatic initiative supported by China, Reuters reported, citing several sources familiar with the discussions.Pakistan’s Foreign Minister Mohammad Ishaq Dar discussed the Middle East initiative with Chinese officials last week. Islamabad is reportedly examining ways to facilitate the resumption of US-Iran talks aimed at ending the ongoing regional conflict.“The Chinese are unhappy because Iran’s attacks…
The Bank of England (BoE) is expected to keep its interest rate unchanged at 3.75%…
As military medical personnel prepare to face complex battlefields where wounded troops may wait hours…
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Paramount Skydance isn’t waiting around for its planned merger with Warner Bros. Discovery to bolster its flagship streaming service.Paramount’s streaming leaders have told employees that they’re planning major upgrades to Paramount+ in the coming weeks.An internal presentation, which was unveiled during a streaming town hall this week and viewed by…
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As artificial intelligence use proliferates, Google, which is behind the Gemini AI platform, has announced an effort to examine how its products are being utilized. Google asserted that “we as a society must work together to positively shape how AI impacts our lives, jobs, and economy. In order for this…
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New York City landlords are pushing back against Mayor Zohran Mamdani’s rent freeze.A coalition of seven NYC landlords filed a lawsuit Wednesday against the long-promised freeze for rent-stabilized apartments in the city, passed on a 7—1 vote by the city’s Rent Guidelines Board in late June. The decision blocks rent…
