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Luxembourg will recognize the State of Palestine at a UN summit next week, joining other nations like Britain and Canada. This move comes amid growing international condemnation of Israel's actions in Gaza, spurred by the increasing civilian casualties. The decision aims to revitalize the two-state solution, despite opposition from Israel and the United States, who argue it emboldens Hamas.
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News and Media
Kazakhstan has officially outlawed forced marriages and bride kidnappings, enacting a law that imposes severe penalties, including up to 10 years in prison, for those who compel individuals into marriage. This legislative action aims to safeguard vulnerable citizens, particularly women and adolescents, addressing a practice that persists despite growing awareness of women's rights.
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News and Media
Gold and silver prices stayed near record highs on weak dollar trends, safe-haven demand, and expectations of a U.S. rate cut this week.
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News and Media
Despite U.S. tariffs, China's global trade surplus is expanding, driven by increased exports to regions beyond America. While exports to the U.S. have declined, China is strategically redirecting trade and leveraging its dominance in rare earth minerals and soybean imports to exert influence. Internally, China faces economic challenges, including a real estate downturn and deflation, but maintains control over information.
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News and Media
Vinit Sambre of DSP Mutual Fund anticipates a consumption revival fueled by GST, favoring autos, consumer durables, and lenders. While cautious on precious metals outperforming stocks long-term, he suggests equities will recover by late 2025. He highlights IT as a contrarian bet, expecting improved deal flows and growth amid light institutional holdings.
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News and Media