North Korea has fired two ballistic missiles as part of a demonstration drill aimed at sub-military units, according to the country’s state media. The missiles, described as medium-range systems, were launched by a missile unit in Jangyon in South Hwanghae province on Tuesday. South Korea’s military confirmed that the North had fired two short-range ballistic […]
According to data released by the Ministry of Commerce and Industry on Tuesday, India’s Wholesale Price Index (WPI) inflation fell below the 4% mark in February, registering at 3.85%. This is a decrease from January’s WPI inflation figure of 4.73%, and the lowest it has been since January 2021 when it was 2.51%. In a […]
Elon Musk, the billionaire entrepreneur, is said to be working on a new company town named Snailbrook, which will offer housing for employees of his companies including Tesla, Boring, and SpaceX. Located around 35 miles away from Austin, Texas, the proposed town will include 110 residences adjacent to Boring and SpaceX facilities in Bastrop County. […]
Elon Musk, the CEO of Twitter, expressed openness to the idea of buying and turning the collapsed Silicon Valley Bank (SVB) into a digital bank. The idea was first proposed by Min-Liang Tan, the CEO of Razer, a consumer electronics company. Twitter’s potential entry into the banking industry could mark a significant shift in the […]
The UK government has announced a two-year delay to parts of the High Speed Two (HS2) rail link between London and northern England. Transport Secretary Mark Harper cited escalating costs caused by inflation as the reason for the delay. The construction of the HS2 project between the city of Birmingham and the town of Crewe […]
Moody’s Analytics recently published a report stating that narrowing the wage gap between men and women in the labor force could increase the global economy by approximately 7% or $7 trillion. However, the report suggests that it may take around 132 years to close the economic gender gap. The increase in productivity resulting from more […]
The UAE Cabinet has recently given its approval for the establishment of an office for the Asian Investment Bank, which will have a capital of $100 billion. The bank, which has over 75 participating countries, has chosen the UAE as the location for its regional office. This decision is expected to further strengthen the UAE’s […]
China’s population is on the decline, with the National Bureau of Statistics reporting a slip from 1.413 billion in 2021 to 1.412 billion last year. This negative growth is the first the country has seen since the 1960s, and many experts point to China’s one-child policy, implemented in the 1980s, as the primary cause. According […]
Dubai’s property market has experienced a significant surge in deals this week, with transactions amounting to AED 11.5 billion ($3.1 billion), according to Dubai Land Department (DLD). This increase in the market is a positive sign for the real estate industry, indicating growing demand for properties in Dubai. The transactions included 3,397 deals, comprising 228 […]
Japan’s unemployment rate has decreased in January from the previous month, according to a report by the Ministry of Internal Affairs and Communications. The country’s unemployment rate stood at 2.4 percent in January, a decrease from 2.5 percent in December. This marks the lowest unemployment rate since June 1993, when it was also at 2.4 […]