Author: Steven Sahiounie

Stocks rose again Wednesday as some stability returned after a volatile start to the week, while the yen weakened further after the Bank of Japan looked to ease worries about more interest rate hikes.

Danish shipping giant Maersk posted Wednesday a 45-percent fall in net profit in the second quarter, as supply chain disruptions due to the Red Sea crisis led to higher operating costs.

The Russian ruble weakened slightly against the dollar but strengthened against the yuan on Wednesday, the first day of increased net daily sales of the Chinese currency by the finance ministry and the central bank.

Artificial Intelligence (AI) has emerged as a cornerstone of modern society, enhancing efficiency and personalization across various sectors.

Disney reported Wednesday better revenues than anticipated in the most recent quarter, atop a first profit in its streaming business, while its theme parks came under pressure.

Wall Street’s main indexes advanced on Wednesday, aided by a dovish turn by Japan’s top policymaker after a surprise interest rate hike last week which partly sparked heavy volatility in global markets.

Tunisian President Kais Saied has sacked Prime Minister Ahmed Hachani and replaced him with the social affairs minister. The statement from the president’s office late on Wednesday did not specify why Hachani was removed. Hachani had taken office on August 1 last year, replacing Najla Bouden, who was also dismissed without an official reason by Saied, Al Jazeera reported. A few hours before he was dismissed, Hachani said in a video message that the government had made progress on a number of issues despite global challenges, including securing the country’s food and energy needs. His replacement, Kamel Madouri, had only…

An earthquake with a magnitude of 6.9 shook southwestern Japan near Kyushu Island, the Japan Meteorological Agency (JMA) reported, saying that a tsunami alert was issued. The quake’s epicenter was located 30 km under the ocean bed near Miyazaki Prefecture. According to the JMA, waves as high as 1 m may occur near Miyazaki and Kochi prefectures. So far, there have been no reports about injuries or damage. Source: TASS

Warner Bros. Discovery’s share price plunged more than 10 percent after-hours on Wednesday after it reported a quarterly loss of almost $10 billion.

Half of all vehicles sold in China in July were either new pure electric vehicles or plug-in hybrids, industry data showed, a milestone that underscores how far the world’s biggest auto market has leapt ahead of Western counterparts in EV adoption.