Armed man killed in gunfire exchange near U.S. consulate in Saudi Arabia

[ad_1] Two people were killed when an armed man exchanged fire with Saudi Arabian security authorities near the U.S. consulate building in Jeddah, leading to the deaths of the gunman and a security guard, the U.S. State Department said on Wednesday. No Americans were harmed in the incident, a State Department spokesperson said in a … Read more

Malaysia’s sovereign wealth fund seeks greater portfolio resilience in volatile markets

[ad_1] Malaysia’s sovereign wealth fund Khazanah Nasional is rebalancing its investment portfolio for greater resilience against market volatility, according to its managing director. Khazanah’s net asset value declined 5% to 81 billion ringgit ($17.4 billion) in 2022 from a year ago, hit by global market downtrends, the fund said in March. The Kuala Lumpur-based fund … Read more

Xi tells Blinken in high-stakes meeting: World needs stable U.S.-China relations

[ad_1] US Secretary of State Antony Blinken (L) attends a meeting with China’s President Xi Jinping at the Great Hall of the People in Beijing on June 19, 2023. Leah Millis | Afp | Getty Images U.S. Secretary of State Antony Blinken on Monday ended a high-stakes visit to Beijing with an unexpected meeting with … Read more

Investors are eyeing China’s neighbors as the recovery from ‘zero-Covid’ slows

[ad_1] Pedestrians in front of a pawn shop during Golden Week at night in Macau, China, on Sunday, April 30, 2023. Bloomberg | Bloomberg | Getty Images China’s lackluster economic recovery since emerging from strict “zero-Covid” lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near … Read more

China has been spying from Cuba for some time, U.S. official says

[ad_1] Aerial view of the old city of Havana, Cuba on August 04, 2017 Frédéric Soltan | Corbis News | Getty Images China has been spying from Cuba for some time and upgraded its intelligence collection facilities there in 2019, a Biden administration official said on Saturday, following a report about a new spying effort … Read more

Twitter to pay verified creators for ads in replies, Musk says

[ad_1] Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk has said. Budrul Chukrut | Sopa Images | Lightrocket via Getty Images Twitter will soon begin paying verified content creators for ads in their replies, with the first payment block of around $5 million, company owner Elon Musk said on … Read more

Turkey at a crossroads: Will it turn to the East or West?

[ad_1] Turkey celebrates its 100th anniversary in 2023. For centuries, Turkey has straddled two worlds – Europe and the Middle East. In the early 2000s, the country was hailed as a “model democracy” for Muslim-majority countries. However, Turkey was rated as “not free” by the Freedom House 20 years later a label it shares with … Read more

JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds

[ad_1] JPMorgan increased its 2024 economic forecast for India — but only marginally — saying the country’s growth will be affected by a slowdown in global growth momentum.  The investment bank raised its 2024 growth forecast from 5% to 5.5%. The revision follows the latest gross domestic product data this week which showed the Indian … Read more

Asia markets trade mixed ahead of U.S. vote on debt ceiling deal; Hong Kong set for new lows

[ad_1] CNBC Pro: Parts of the market are getting pricey. But analysts like these 4 cheap stocks Markets have rallied this year despite economic uncertainty in the United States. Some parts of the markets are expensive right now, but analysts say some sectors are still cheap. They name four stocks that are still cheap to … Read more

Asia markets rise after U.S. reaches debt ceiling deal, Japan stocks at highest since July 1990

[ad_1] CNBC Pro: How much of A.I. is just hype? A bull and a bear share their tips on how to invest Artificial intelligence has taken the investing world by storm since early this year — thanks largely to the emergence of ChatGPT, which triggered a wave of buying into AI-related stocks.  Is it here … Read more