Gold trading is gradually shifting eastward, with Singapore emerging as a potential leading hub in the gold market, according to the World Gold Council. The rise in gold consumption in major emerging economies, particularly in Asia, is a key driver behind this shift. Shaokai Fan, head of Asia-Pacific and global head of central banks, highlighted
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German Chancellor Olaf Scholz is currently facing mounting pressure following the significant gains made by the far-right AfD in the European Union election. Despite a series of scandals, the AfD managed to secure 15.9% of the votes according to preliminary results. This surpasses the support garnered by Scholz’s own SPD (social democrats) and their coalition
As the final day of voting in the European Union elections approaches, millions of citizens across 27 member countries are expected to participate. Voting began with Estonia taking the lead, followed by other countries opening their polling stations. With over 400 million eligible voters, the election will determine the 720 members of the European Parliament
Norway’s $1.7 trillion sovereign wealth fund, Norges Bank Investment Management (NBIM), announced its decision to vote against ratifying Tesla CEO Elon Musk’s $56 billion pay package. The fund, which is Tesla’s eighth-largest shareholder, expressed concerns about the excessive size of the award, the structure of the package, performance triggers, dilution, and the lack of mitigation
The recently released May jobs report in the United States has surprised many analysts and economists by showing a significant increase in nonfarm payrolls. The data, released by the Labor Department’s Bureau of Labor Statistics, indicated that the economy added 272,000 jobs in May. This number was much higher than the consensus estimate of 190,000,
Scientist Lee Seok Woo drew inspiration from a scene in a “Mission Impossible” movie, where an agent uses smart contact lenses with facial recognition and eye tracking capabilities. This inspired Lee to delve into creating batteries for smart contact lenses in real life. The Nanyang Technological University’s School of Electrical and Electronical Engineering associate professor