Author: Press Room

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Retail investors have piled almost half a billion dollars into bets on silver in the past week even as the metal’s price has cascaded, almost wiping out its extraordinary gains at the start of this year.As the price plunged, retail investors poured $430mn into SLV, the biggest silver exchange traded fund, in the six trading days to Thursday, according to data analysis by Vanda Research — including more than $100mn on January 30, when the silver price fell 27 per cent, its…

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A week after his “ICE out” declaration dominated Grammy headlines, anticipation is building over whether Bad Bunny will turn the biggest performance of his career — the 2026 Super Bowl halftime show — into a political call to action. “One thing about Bad Bunny is that he is a master at the art of surprise,” Petra Rivera-Rideau, an associate professor of American studies at Wellesley College who specializes in Latin music and U.S.-Latinx pop cultures, told CBS News. But some believe Bad Bunny, whose real name is Benito Antonio Martínez Ocasio, doesn’t need theatrics to send a message.”I think a lot of…

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The latest tech sell-off underscores that it’s still a different game for investing in China versus the U.S. “The U.S. decline was primarily triggered by earnings miss[es] from some market leaders, but in China it was mainly sentiment spillover plus portfolio adjustment/rotation,” said Ding Wenjie, investment strategist for global capital investment at China Asset Management Co. “For the chip and AI sector, the long-term drivers of both domestic substitution and global AI computing demand remains intact,” she said, adding that, “besides chips, China’s electrical and grid equipment companies and materials sector will also benefit from the AI capex cycle.” Following…

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Elon Musk’s journey to becoming the world’s first trillionaire will likely be powered by rockets rather than cars, as SpaceX now accounts for nearly two-thirds of the Tesla CEO’s wealth.Musk became the first person ever to top the $800 billion mark this week, with his net worth now around $845 billion, according to Forbes. He’s worth more than the next three richest people – Google co-founders Larry Page and Sergey Brin and Meta CEO Mark Zuckerberg – combined.The tech magnate’s unprecedented wealth surged after his aerospace and defense company, SpaceX, acquired his artificial intelligence and social media company, xAI, this…

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Washington — President Trump signed an executive order Friday that quadruples the amount of beef imported into the U.S. from Argentina under a new trade agreement with the South American country.Argentina’s Foreign Ministry wrote in a statement that the new agreement, which was signed Thursday, will “grant an unprecedented expansion of preferential access for Argentine beef to its market by 100,000 tons,” representing an increase of “$800 million in Argentine beef exports.” Entitled “Ensuring Affordable Beef for the American Consumer,” Mr. Trump’s executive order said that domestic production capacity has failed to keep pace with increasing demand in recent years, leading…

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Roger Cook has called for WA to come together and stand united against hate after an alleged terror attack targeted an Invasion Day rally on Australia Day.The Premier’s plea comes after a man was charged with committing a terrorist act in Perth on January 26 allegedly targeting Aboriginal people, a month after Australia’s deadliest mass shooting in decades, in which 15 people celebrating Hannukah were killed because of their faith.On Australia Day, authorities allege a 31-year-old man hurled a homemade explosive device designed, but failed, to detonate on impact into a crowd of 2500 demonstrators.On Thursday, WA’s Joint Counter Terrorism…

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PANDAS AND PUBLIC DEBTHowever, Takaichi has not had everything her own way, particularly with regard to worries about her stewardship of the public finances of Asia’s number-two economy.She followed up a US$135 billion stimulus package aimed at easing the pain of inflation – a big cause of voter discontent – with a campaign promise to suspend a consumption tax on food.Japan’s debt is more than twice the size of the entire economy, and in recent weeks yields on long-dated bonds have hit record highs, causing jitters worldwide.”Various parties are proposing policies like abolishing the consumption tax. While that might be…

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A US oil blockade is causing a severe energy crisis in Cuba, as the government has been forced to ration fuel and cut electricity for many hours a day, paralysing life in the communist-ruled island nation of 11 million.Bus stops are empty, and families are turning to wood and coal for cooking, living through near-constant power outages amid an economic crisis worsened by the Trump administration’s steps in recent weeks.President Miguel Diaz-Canel has imposed harsh emergency restrictions – from reduced office hours to fuel sales – in the backdrop of looming threats of regime change from the White House.The Caribbean…

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NEWYou can now listen to Fox News articles! A relatively brief, but lucrative ICE surge into West Virginia netted roughly 650 illegal immigrant arrests earlier this month — a two-week, statewide operation officials say unfolded with little disruption and now stands as a counterpoint to the turmoil surrounding similar enforcement efforts in Minnesota.From Jan. 5 through Jan. 19, federal agents fanned out across the Mountain State — at times working with local law enforcement — targeting illegal immigrants with criminal histories or prior deportation orders, DHS officials told Fox News Digital.Officials involved contrast the West Virginia operation with recent tensions…

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