Month: March 2024

EU Probes AliExpress

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🇨🇳 🇨🇳 BREAKING: EU opens probe into Alibaba’s AliExpress over illegal content, pornography on platform

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Foxconn Beats Upgrades Guidance

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🇨🇳 🇨🇳 Apple supplier Foxconn sees growth in 2024 on AI boost, Q4 profit soars 33%

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Why You Should Invest In One Chart

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🇺🇸 🇺🇸 Over the last 30 years, the purchasing power of the US consumer dollar has been cut in half due to inflation. At the same time, the S&P 500 has gained 840% (7.8% per year) after adjusting for inflation. Why you need to invest, in one chart…
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Digital Currencies: Countries Are Progressing

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🌎 🌍 According to their latest update in March, 134 countries and currency unions – representing 98% of global GDP – are now exploring the idea of a central bank digital currency (CBDC). Of note, 19 members in the G20 are now in advanced stages of CBDC development. And there is now a high of 36 ongoing CBDC pilots across the globe, with China of course continuing to lead on that front

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Japan: Highest Pay Hike Offered

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🇯🇵 🇯🇵 Japan’s largest industrial union: Average pay hike offered by firms was highest since 2013

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Lithium Has Bottomed

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🔥🔥 UBS Group AG and Goldman Sachs Group Inc. have trimmed their 2024 Lithium supply estimates by 33% and 26%, respectively, while Morgan Stanley warned about the growing risk of lower inventories in China
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MicroStrategy Plans To Buy More Bitcoin

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💥💥 MicroStrategy , the largest corporate holder of Bitcoin, could buy more following a proposed offering of $500 million convertible bonds it announced after the close of trading Wednesday

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India: Reels Gains Traction

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🇮🇳 🇮🇳 Reels was launched a few months after TikTok was shut down in India. More than 60% of TikTok content creators and users in urban India say they are likely to use Instagram Reels instead, according to a survey conducted after the departure of TikTok by polling website YouGov India

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Fitch Sees 3 Rate Cuts

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🇺🇸 🇺🇸 Fitch expect both the Fed and ECB to cut rates 3 times, by a total of 75bp, by year-end

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