Gold Price Spike Dampens Demand In India — Report
The recent rally in Indian gold futures, which hit a new all-time high on Thursday, has reduced demand for the precious metal in the world’s second-largest bullion consumer, Reuters writes,…
Sudan Conflict Fueling Refugee Crisis — UN
More than 100,000 people have fled Sudan due to fighting between government forces and a rebel militia, the United Nations has said, warning the number of war refugees could eventually…
Wagner Group surges in Africa as U.S. influence fades, leak reveals
By Greg Miller and Robyn Dixon May 05, 2023 at 2:00 a.m. EDT The Wagner Group is moving aggressively to establish a “confederation” of anti-Western states in Africa as the…
European Central Bank raises interest rates by 25 bps
European Central Bank hikes interest rates by 0.25% to 3.75%, the highest level since 2008. This ECB increase represents the seventh rate increase introduced in less than a year in…
“Tech Giant Could Replace Workers With AI” — Report
International Business Machines Corporation (IBM) expects to cut nearly 8,000 jobs in the coming years and replace them with AI, the CEO of the US tech giant, Arvind Krishna, has…