Alibaba’s Chinas’ Earnings Expose Uneven Recovery Worldwide For Countries Around The World

GEORGE V MAGAZINE
China’s Alibaba profits tumble, reliance inks partnership with Asos in India, Ghana second hand clothing dispute waste claims. Brazil leather and footwear industries hit by floods and overcame by China. Tencent soars by 62% compared to NeatEase profits that soars 58%. Burberry declines 12% while India Safari Industries posts 13.4% increase in last quarter. Channel cruises in Hong Kong, while China social networks remove content that ‘flaunts wealth’. India’s cosmetic brand Colorbrand goes public, with Modi as managing director. Chilean retailer Ripley reports 6.5% revenue in 1Q. Egyptian’s Rachid launches Swiss-Italian brand, while Australia Williams designs Paralympic team uniforms. Piaget Chinese actress Tong Yao as Ambassador.

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Bloomberg: UAE, Bahrain, Tunisia, and Egypt In Beijing Alienating U.S. While Fasting Economic Cooperation

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China Invest Half A Trillion Euros In Hungary On Its Economy Sectors

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L.A Times: “Colorado Oil Flows Rise Despite Washington’s Pledge To Tighten Production Restrictions”

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During The Last Two Years The DAX Trading Has Been Floating At 16,000 To 18,000 And Closing On Average In 1.16%

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Saudi Arabia Rises To 16th In Global Competitiveness Ranking, Secures Top Spots In Key Indicators

Saudi Arabia made a new global mark, ranking 16th globally out of 67 countries that are identified as most competitive, according to the latest Global Competitiveness Yearbook report. This annual report offers benchmarking services for countries and companies, providing insights into what makes companies competitive. It is prepared by the National Competitiveness Center in collaboration with concerned government agencies.
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Biden’s Administration Restrict U.S. Investments In China With Chips, AI And Of Foreign Companies

U.S. Department of Treasury yesterday, many companies were interested in investing on U.S. Bonds. But the Biden administration forces the Chinese and other governments not to do so. Making the U.S. economy withdraw without progress with rules as proposed restricting foreign investments in technologies critical to “the next generation of military, intelligence, surveillance, or cyber ​​security which represent security to national spending for the United States”. The Biden administration seem to reject the Chinese government and counterparts investment of $143.3 billion in the treasury creating a U.S. fallback in U.S. economy.
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In Last Annual Berkshire Hathaway Meeting Buffett Said Portfolio Made $16 Billion

The Oracle of Omaha prepared to kicked off this year’s Berkshire shareholder convention last Saturday. The vast majority of the stocks Warren Buffett owns have made money over the past year, helping his portfolio gain some $16 billion dollars in value. The Economist crunched the numbers through the market close Friday, the day before the meeting, adjusting for stocks Buffett has bought and sold in the meantime. The analysis found that of the 43 companies Berkshire Hathaway BRK.A currently owns, all but seven have risen—and the winners are up much more than the losers are down.
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The 6 U.S. Major Companies Occupy S&P 500 On 30% On The Stock Index

The six largest US companies now account for a larger share of the S&P 500 than ever before. The share of the six largest American technology companies in the index reaches its highest levels ever. Microsoft, Apple, Nvidia, Alphabet, Amazon, and MetaPlatforms represent 30% of the index, up from about 26% at the beginning of the year, according to data compiled by Bloomberg.
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Prospects For Oil Demand In China As The OPEC+ Meetings Approaches

OPEC+ alliance is preparing to review oil market conditions and Chinese refineries cut processing rates as the strength of the leading manufacturing sector weakens and the housing market collapses, reducing demand for plastics and fuels used in construction. The giant Asian country is reducing its purchases of crude oil and imports from Russia. The company expects Chinese refinery production to increase by less than 100,000 barrels.
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Coalition Government Has Reached An Agreement On The 2025 Budget

The German coalition government has reached an agreement on the 2025 budget, with a debt curb and measures for economic growtH according to DW. The 2025 budget is expected to be signed on 17 July in the Council of Ministers, after which the Bundestag will evaluate all these individual plans until the end of November or beginning of December in order to carefully examine where changes might be necessary, he recalled.
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US Stock Indices Decline After Weak Economic Data; S&P 500 Fell About 5,235 Points

In 24 hours, the Federal Reserve Bank report showed that the US economy grew at a weaker pace in light of declining spending and inflation. The S&P 500 index fell to about 5,235 points declining economic momentum that couldn’t strengthen the Fed’s case to start cutting interest rates this year and with consumption, and ultimately becoming a concern for US companies it decreased US stock indices Bonds after the latest round of data indicating a slowdown in economic momentum while Jerome Powell sawing himself surrounded by traders and lacking the ability and unproficiency to manage the problem.
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Biden Is Preparing To Impose Tariffs On Foreign Electric Cars And Solar Equipment

The president’s administration is preparing Joe Biden to unveil a comprehensive decision on Chinese tariffs as soon as next week, a decision that is expected to target key strategic sectors with new tariffs. The administration is scheduled to impose new, targeted tariffs on some key sectors, including: electric cars batteries and solar equipment.
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UAE and Georgia Announce Start of CEPA, $1.5bn Trade Targeted  

The UAE’s Comprehensive Economic Partnership Agreement (CEPA) with the Republic of Georgia has officially entered into force, paving the way for stronger collaboration between the two nations to expand trade opportunities, empower SMEs, and consolidate global supply chains. It will do so by removing or reducing customs duties on 95 per cent of tariff lines, which cover more than 90 per cent of the total non-oil bilateral trade between the two countries, eliminating unnecessary barriers to trade, and improving market access for service exports.
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World Bank Bets On The Non-Oil Sector In The Gulf Is Paying Off

According to CNBC World the World Bank indicated in a report on the latest economic developments in the Gulf region that the region’s economies will grow by 1% in 2023, indicating that the growth of non-oil sector activities by 3.9% during the year will compensate for the decline in oil sector activities. The non-oil sector in the Gulf countries will achieve high growth rates during the current year, which will enable the majority of these countries to maintain the growth process, after reducing oil production as part of the OPEC+ countries’ efforts to maintain market stability.
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Canada Raises 107% Tax On Toilet Paper On U.S. After Trump’s Trade War, Could Leave U.S. Without It

According to CNBC India America faces shortage of Canadian pulp and Canada said it will import at higher price with a total 107% in tax. Prime Minister Mark Carney said, Americans will have to pay a 107% more on paper towels produced in the United States making the price higher for Americans if the U.S. President doesn’t agree.
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The ‘$16 Trillion Market’ Outlook For Tokenized Assets Projected In 2030

The Boston Consulting Group (BCG) said about blockchain technology: “Blockchain, in simple terms, is an immutable digital ledger that records transactions in a transparent and permanent manner. This technology is changing the face of the financial industry due to its high security, elimination of intermediaries, and transparency. But how exactly does blockchain work?
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Türkiye Is On Its Way Out Of The FATF Gray List

Financial Supervision Authority’s “grey list” is representing a potential boost for one of the global largest economies, after its moves to limit financial flows Illicit funds. About a year after, Turkey adopted more conventional economic measures and some of the world’s boldest interest rate increases, investors are starting to return to the country. A field visit by the Paris-based Financial Action Task Force earlier this month indicated significant progress.
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GCC Retail Boom: 6 Steps Gulf Cities Need To Take To Cash In On $300 Billion Shopping Bonanza

GCC cities including Dubai, Riyadh, Jeddah and Doha could become global shopping destinations in the coming years, according to Strategy & Middle East. Shopping spending in the GCC could hit $300bn by 2030, according to research by Strategy& Middle East. The PwC network partner said GCC cities can join the world’s elite shopping destinations, significantly contributing to urban GDP and employment, improving residents’ quality of life, and enhancing offerings to tourists.
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Hawkish Fed Chair Powell Faces A Precarious Balancing Act Amid Criticism From Republicans And Democrats

Republicans and Democrats felt Powell was waiting unnecessarily and for the wrong reasons. “Refusing to follow the economic data and succumbing to political threats would be a subversion of your mandate,” the three Democratic senators told Powell. “We urge you to make monetary policy in the interests of the American public, not a particular political party.” “It’s justified if it’s justified, but if it isn’t” the fact is, you are not there. They haven’t achieved price stability yet.” said Rep. Andy Barr (R-Ky.) Powell reminded everyone the central bank hadn’t made up its mind one way or the other. “I don’t know them, we aren’t there and we don’t know their data,”
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B.C. First Nation Gets Nearly $16M Funding For Off-Grid Solar Farm

Nearly $16 million in federal and provincial funding is going toward the solar farm in Anahim Lake, home to the Ulkatcho First Nation, where power is currently diesel-generated. Infrastructure Canada says in a news release that the project will reduce the need for diesel generation in the remote community by about 64 per cent, equal to 1.1 million litres less of diesel a year.
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Asian Stock Markets Decline After The Yen Stabilizes Late

The yen rose marginally on Thursday after falling 0.7% in the previous session when it fell to 160.87 against the dollar, the weakest level since 1986, and beyond the level at which officials intervened in April. The currency has lost more than 12% against the dollar this year. US stock futures fell after being damaged technology companies on major estimates of the company “micron” (Micron Technology Inc), which failed to meet industry expectations that fueled a bull market.
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The IMF Criticizes Biden’s Administration Tariffs On Chinese Goods

The International Monetary Fund criticized the decision of the US President’s administration Joe Biden this week after he strongly raised tariffs on some Chinese goods and other foreign countries, renewing his warning that tensions between the world’s two largest economies threaten to harm global trade and growth. International Monetary Fund spokeswoman Julie Kozak said Thursday in Washington when asked about this step: “We see United States” benefiting best by maintaining the open trade policies that having restrictions vital to its economic performance.”
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In Q1 2024, The Swiss Gov’t Was CHF 16 Billion, Up From CHF 11 Billion, On CHF 5 Billion Surplus From Relatively Low 2023.

The contribution from the rise in the current account in trade services incomes and secondary surplus registered substantial differences in 2023 and 2024. In the first quarter of 2024, the Swiss government surplus reported through UBS UK CEO and President of EMEA Region Mr. Jorge Jimenez Neubauer Torres that surplus raised CHF5 Billion from CHF11 Billion to CHF16 Billion moving from a relatively low 2023. The region transactions audited in Q1 2024, incurrence of financial assets in CHF36 Billion and net incurrence liabilities were CHF27 Billion.
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L.A. Times: Producer Prices In America Rise In A Sign Of Continued High Inflation

Increased fuel and food costs prices raised at highest in six months. The producer price index for final demand rose by the largest annual increase since last September. Prices paid to US producers rose in February at their highest pace in six months, driven by higher fuel and food costs, adding to evidence that inflation remains high. The producer price index for final demand rose 0.6% from January, Labor Department data showed Thursday. The index rose by 1.6% compared to the previous year, which is the largest annual increase since September.
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L.A. Times: International Monetary Fund (IMF) Loans Rise To A Record Level Of Over $151 Billion

The spread of debt and wars doubles the demand for borrowing. Egypt, Ukraine, and Argentina are among the largest borrowers. Egypt as a consequence of Gaza intake, Ukraine because of the war, and Argentina who is the largest borrower as a consequence of their bankruptcy and insolvency. CNBC World estimated confirmed $151 billion for those three borrowers. More than 50 of these borrower countries benefit from active loan or guarantee programmes, representing approximately a quarter of the Fund’s members.
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Russia’s Tycoons Each Make US$11 Billion Thanks To A Booming War Economy

Business tycoons have found many opportunities in the war with Ukraine. In Russia they growth their fortunes in profits, amid receding economic uncertainties resulting from war on Ukraine. At least ten businessmen each earned more than US11.3 billion dollars during 2023 and in the first quarter of 2024, according to data by CNBC World from public information. Russian tycoons found where to invest their dividends after sanctions forced many to turn to the domestic market. China’s has become the place of benefit and growth circumventing ‘foreign’ sanctions helping them to triplicate their investments in Chinese companies creating a safe heaven for the tycoons. For example, private investors invested US116.3 billion on the Moscow Stock Exchange during May, a monthly record so far in 2024.
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Five Western Shoes Worth Investing

Western shoes are set to dominate winter this year, and here are our top picks. It’s impossible to talk about western shoes without thinking of cowboy boots. The models with pointed toes and a triangular cutout at the top of the shaft can come plain, without adornments, or decorated with arabesques, which enhance the country reference in the look.
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U.S. Bond Yields Rose After Inflation Numbers Reduced Interest Rate Bets

According to CNBC World the world’s largest bond market came under selling pressure after another inflation report rose above expectations, boosting bets that the Federal Reserve will not rush to cut interest rates even as some parts of the economy show signs of slowing. Treasury yields rose after data highlighted the challenges the Federal Reserve faces in achieving the “last mile” toward its inflation target. After days of consumer price data, the Producer Price Index also indicated rising cost pressures.
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Swiss Government Plans To Invest CHF16 Billion [$18.1 Billion] In Swiss Rail Network

The federal government intends to invest CHF16.4 billion ($18.1 billion) in railway infrastructure between 2025 and 2028, CHF2 billion more than for the current period. The larger financial envelope will go towards compensating for rising prices but also to provide more resources to the railways, the government said a press statement. The additional resources will be used in particular to implement projects to promote accessibility for people with disabilities.
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Trump Economic Plans Include Proposed Tax Cuts And No Taxes On Tips

Trump says he wants tariffs on trade partners and no taxes on tips. He would like to knock the corporate tax rate down a tick. The Republican platform also promises to “defeat” inflation and “quickly bring down all prices,” in addition to pumping out more oil, natural gas and coal. The platform would address illegal immigration in part with the “largest deportation program in American history.” And Trump would also scrap President Joe Biden’s policies to develop the market for electric vehicles and renewable energy.
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Wall Street Now Completely Under Selling Pressure After Warren Buffett Sell & Microsoft Failure On Security

The NYSE is struggling and selling under pressure with its weekly lows of around 18350 on new tradings. The NYSE is being sustained by the Chinese markets after downfall. With regard to inflation in the Euronext, the producer prices from Euronext at 8 a.m. will be exciting. This will be followed by the ECB current account balance at 10 a.m. Since there is no data pending from the USA more than their markets are struggling with the Warren Buffett sell and Microsoft downfall the COT report this evening is likely to be the last stage of reporting for this week.
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The UAE Signs A Comprehensive Economic Partnership Agreement With South Korea

South Korea and the UAE, had a comprehensive economic partnership agreement to liberalize trade between the two countries, according to Thani bin Ahmed Al-Zeyoudi, UAE Minister of State for Foreign Trade. The Emirati minister expected that Korea would finish ratifying the agreement between 6 and 9 months, and begin implementing it at the beginning of next year.
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The U.S. Economy Grows At A Slower Pace In The First Quarter As Inflation Declines

The American economy grew at a slower pace in the first quarter than initially reported, reflecting weaker-than-expected consumer spending. GDP rose 1.3% year-on-year in the first three months of the year, lower than the previous estimate of 1.6%. Consumer spending was reduced because expenditures on goods – especially cars – were much lower. Federal government spending slowed, while imports rose compared to the initial estimate. For the first time in two years, net exports negatively affected growth.
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How To Choose The Ideal Waterproof Footwear?

From materials to footwear types, we bring you a guide to the world of waterproof footwear. Rainy days shouldn’t be a reason to compromise when it comes to style, as long as you know how to choose the right waterproof footwear. The right waterproof footwear allows you to stay dry, comfortable and safe, whatever the weather. But how to choose the ideal pair?
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The Fed Has A New Favorite Code Noun Word: ‘Uncertainty’

It started last week with Fed Chair Jerome Powell, who used the word 22 times during March 19 remarks to reporters following the central bank’s decision to leave rates unchanged. “Uncertainty is remarkably high,” Powell said of the US economic outlook. His colleagues have since spoken from the same script. New York Fed president John Williams last Friday used the word 12 times while delivering a speech titled “Certain Uncertainty.”
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Six Elegant Outfit Ideas For Winter 2025

Check out these tips and inspirations on how to guarantee elegant looks for winter 2025! Elegant looks for winter 2025, you don’t have to give up comfort. Loose, body-hugging shapes will be great friends to ensure maximum comfort and coziness in elegant looks for winter 2025. Tailored trousers with pleats inject sophistication on their own, which can be further emphasized with a leather jacket and a turtleneck blouse.
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How Could The European Central Bank React To Trump’s Trade Tariffs?

Donald Trump’s tariffs may hit EU growth and push up inflation, posing a dilemma for the ECB. While trade slows and prices rise, some economists argue rate cuts remain appropriate, so long as inflation expectations stay anchored. This presents a textbook case of a policy conflict: tariffs act as both a supply shock, by making imports more expensive, and a demand shock, by undermining confidence and disposable income.
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How To Elevate Your Looks With A Sweatshirt On Cold Days

The cold weather is here and sweatshirt looks are the right choice for a comfy look that doesn’t compromise on style. Comfortable and cozy, sweatshirt looks are one of the first things that come to mind when the cold weather sets in. But you’d be wrong if you thought that sweatshirts should be confined to the comfort of your home. With a little creativity, you can make these looks more casual and fashionable, and wear them to different types of occasions. These inspirations below will show you how to achieve that this winter.
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Trump Wants Powell Out Of The Fed: “His Replacement Can’t Come Fast Enough” After PM Meloni Visit

The clash to fire him out and start to find another replacement came after a pay for play scheme by Powell throughout the Economist to divert and control the section of George V Magazine which made it unstable. The owner of the magazine Jorge Jimenez Neubauer Torres previously reported the issue to Meloni by e-mail which triggered her landing trip in Washington D.C. two days ago with Trump commenting: “If I want Powell out, he will be out.”
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The Kremlin Wants To Seize Property In U.S. And U.K. From Critical Russians Abroad Who Were Subsidized

The law targets, among other things, the estimated Russian government subsidized half a million Russians in Western Europe, including about 35,000 properties of Russians in the United Kingdom and the 50,000 properties in the United States. Many of them fled their country out of fear of arrest, conscription or persecution but were financed by the Russian state with loans from Russian banks. But even far from home, they are not safe now.
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Trump’s Tariff Cost $34 Billion To US Companies And Counting While DC And NYC Still Disorganized

The $34 billion is a sum of estimates from 32 companies in the S&P 500, three companies from Europe’s STOXX 600 and 21 companies in Japan’s Nikkei 225 indices. Economists say the cost to businesses will likely be multiple times what companies have so far disclosed. Reuters reviewed company statements, regulatory filings, conference and media call transcripts to pull together for the first time a snapshot of the tariff cost so far for global businesses.
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