South Korea’s NAND Exports Jump

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🇰🇷 🇰🇷 South Korea’s exports of Nand flash memory rose for the first time in a year, adding to evidence that the slump in semiconductor demand is bottoming out

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PBOC Offers Biggest Cash Support

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🇨🇳 🇨🇳 PBOC Offers Biggest Cash Support Since 2020: China’s central bank is making the biggest medium-term liquidity injection since 2020, stepping up efforts to support the nation’s economic recovery and debt sales

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Today Is Italy’s Budget

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🇮🇹 🇮🇹 Today is Italy’s Budget. The government has said it plans to raise €20 billion euros from privatizations over the next three years. But Premier Giorgia Meloni’s government needs more money after its forecasts showed the shortfall won’t drop below the EU’s target until a year later than planned

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Traders Rely On Big Tech

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🚨 🚨 Traders Rely On Big Tech: Investors looking to the earnings season for a dose of good news are hanging their hopes on a familiar group: Big Tech. Profits are raising expectations of a pick up

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AUDUSD Exposed To Risks

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🇦🇺 🇦🇺 AUD/USD Exposed As Geopolitical And Growth Risks Build

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Cybercrime Will Increase To $10.5 Trillion

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🚨 🚨 In 2020, the global cybercrime market was worth around $1.5 trillion. Cyberattacks increased by 600% due to the COVID-19 pandemic. On average, a new cyberattack occurs every 39 seconds. Ransomware attacks increased by 311% in 2020. Business email compromise (BEC) scams caused $1.8 billion in losses in 2020. The financial cost of cybercrime worldwide is estimated to reach $10.5 trillion annually by 2025
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Singapore: Shophouses Are Hot

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🇸🇬 🇸🇬 Shophouses Are Hot: Prices for shophouses have surged to a record S$5,500 ($4,000) per square foot—double Manhattan’s Upper Fifth Avenue, the world’s most expensive shopping street in 2022. Sales of shophouses jumped 44%, to S$415 million, in the second quarter from the preceding one, according to Knight Frank LLP. Mary Sai, executive director of capital markets at Knight Frank Singapore, projects sales to reach as much as S$1.5 billion in 2023

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Crypto Exchanges: Australia Introduces Licensing

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🇦🇺 🇦🇺 Crypto exchanges in Australia will soon be required to hold a financial-services license issued by the markets regulator as the country seeks to support the growth of digital assets while protecting consumers

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US Tightens China Tech Curbs

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🇨🇳 🇺🇸 The US plans to tighten sweeping measures to restrict China’s access to advanced semiconductors and chipmaking gear, seeking to prevent its geopolitical rival from obtaining cutting-edge technologies that could give it a military edge

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