Asian stocks open in the red, echoing declines on wall street overning. The market moves were driven by a retreat from US Tech stocks on poor earnings reports and worries about West Asia.

Japan's Stocks Decline On Yen Gains & Selloff In US Tech Stocks

Ahead of the US Election next week, gold surged to a fresh record high. Investors shrugged off data that may affect the magnitude of the fed's rate cuts this year. Bullion rose to a touch over $2,790 an ounce on thursday, narrowly beating the previous all-time high posted on wednesday. Take a look at this next report for more...

Gold Surges to Record Highs as Western Buyers Return

Starting in December, China will eliminate tariffs on imports from 43 of the world’s least-developed countries. This zero-tariff policy aims to strengthen trade ties with these nations, mainly in Africa and Asia, while lowering shipping costs on goods entering the Chinese market.

China to Scrap Tariffs for Least Developed Nations From December

Britain’s Finance Minister, Rachel Reeves, in her first budget, announced the country’s largest tax increase in three decades. To address the $28 billion funding gap, reeves plans to raise taxes by $52 billion a year, with a large share falling on businesses.

Rachel Reeves Unveils Largest Tax Hikes in 30 Years

Dhanteras marked a significant uptick in gold sales this year, with approximately 20 to 22 Tonnes sold. This translates to around rupees 16,000 crore or 1.9 billion dollars.

Dhanteras Gold Sales Hit $1.9 BN Amid Strong Festive Demand

Diwali, the festival of lights, is one of the most significant celebrations in India, symbolizing the victory of light over darkness and good over evil. This year, Diwali falls on November 1, 2024, and along with the festivities, a special event known as Muhurat trading takes place. This tradition is rooted in the belief that trading during this auspicious hour can attract prosperity and success for the upcoming year.

Spotlight On India's Muhurat Trading

As the US gets close to the November 5th elections, economy is the one issue that is dominating the minds of the voters. Watch this report to know more.

US Elections 2024: Voters Concerned About Rising Prices and High Cost Of Living

The Starmer government has presented its inaugural budget, marking a significant milestone for Labour after more than a decade in opposition. The budget outlines proposed tax hikes aimed at addressing fiscal challenges while implementing cuts to public spending. This strategic approach is designed to balance the nation's financial health with the need for essential services, setting the stage for intense political debate as the government seeks to navigate a complex economic landscape.

Starmer Government Unveils First Labour Budget, Focuses on Tax Hikes and Spending Cuts

China's spending gap is emerging as a significant threat to its long-term economic growth, primarily due to a combination of slowed consumer demand, a high level of household savings, and underperforming investment in key sectors.

China Eyes Budget Fix to Address $210 Bn Spending Cap

Bangladesh GDP growth for the April to June quarter has declined to 3.91%, nearly half of last year's 6.88% growth in the same quarter. This significant drop is attributed to weaker industrial production which grew by only 3.98% compared to 10.16% in the previous year. Watch in for more details!

Bangladesh GDP Growth Slows To 3.91% Amid Industrial Decline

Jiang Chengjun, the former head of investment banking at Haitong securities, was recently arrested upon his return to China. As Haitong grapples with significant profit losses and a recent delisting from Hong Kong, Analysts warn that Chinese financial institutions are finding their global ambitions stymied by intense domestic competition and regulatory pressures.

China’s Investment Banking In Crisis

First BRICS summit since Egypt, Ethiopia Iran and the UAE joined the block earlier this year. Among many things on the agenda is the issue of reducing reliance on the US Dollar. Russia has also proposed a unified depository and clearance system for the BRICS states. This is Moscow's latest effort to encourage member countries to expand financial cooperation without the assistance of the west. The block also has the potential to forward its de-dollarisation agenda in forex reserves and oil trade.

BRICS+ Eyes De-Dollarisation of Global Cross-border Payments System

The real question is if china's stimulus blitz is enough to pull the world's largest economy out of a deflationary spiral. Economists and investors have remained sceptical as they wait for more details on the stimulus plan. Now, according to a top international monetary fund (IMF) official, China's recent barrage of stimulus is insufficient to address the deflationary concerns. Watch to know more.

Chinese Stimulus Insufficient To Curb Deflation Risks, IMF Says

BRICS+ And Global De-Dollarisation Process

Now, we look at the surging global defense spending. While defense firms' stocks have been on a tear, the real cost of war weighs beyond the money. Take a look at this next report for more.

War's Economic Impact: Winners and Losers

Following a stock-market selloff overnight, Asian stocks started in the red on Thursday. Bond yields rose on bets the federal reserve will take a measured approach to rate cuts.

Sentiment Sours as Traders Scale Back Bets on U.S. Rate Cuts

The poverty rate across the Palestinian territories is projected to nearly double this year to 74.3 percent, following months of intense conflict in Gaza. This is according to a UNDP report. Watch to know more.

Palestinian Economy in Ruins as War Devastates Gaza & West Bank

Britain is facing a serious productivity crisis, according to a new report by the institute for fiscal studies and Citi. The report reveals that UK productivity growth has flatlined since the global financial crisis. The country’s potential output per worker is now at levels not seen since the 1850s. Watch in for more details!

UK's Potential Output Per Worker Hits Record Low: Report

After wall street finished higher overnight, asian stocks rose early on thursday. A general trend on wall street saw a shift away from megacap tech giants into small-cap firms. Chinese stocks reversed gains following a news briefing by the ministries of housing and finance.

Chinese Stocks Erase Gains as Briefing Lacks Major Stimulus

The semiconductor market is currently facing significant turbulence, primarily driven by ASML’s recent sales forecast revision. On october 15, ASML announced it expects its 2025 revenue to range between $32 to $38 billion.

Chipmakers Face $420 BN Sell-off After ASML's Warning

Ahead of the BRICS Summit to be held later this month, Russia which chairs the BRICS group has called on its partners to come up with an alternative to the International Monetary Fund(IMF). The reason being it is bearing the brunt of Western sanctions due to its war in Ukraine. BRICS comprise countries which are key drivers of economic growth, most notably India and China which are the fastest-growing economies. With more countries joining hands, BRICS is fast emerging as a geopolitical counterweight to the West, which seeks to challenge the hegemony of Western institutions such as the World Bank and the United Nations.

Russia Proposes IMF Alternative: Can BRICS Set A New World Order?

China is facing a historic demographic shift, with its population declining for the first time in 60 years. With a rapidly ageing population and plummeting fertility rates, experts warn of looming Labour shortages and economic challenges. This report explores China’s changing dynamics and broader implications for the already struggling economy. Take a look…

China's Ageing Population: Economic Growth at Risk

Tata Motors CMO Shubhranshu Singh Shares Leadership Insights with WION. His journey from a management trainee to a marketing head is totally inspirational. Watch the full episode to know more.

WION Speaks To Tata Motors CMO Shubhranshu Singh

Argentina's inflation is projected to reach 124% in 2024, the highest globally. While recent measures show a slight slowdown, basic goods are still rising in price, and wages remain stagnant. President Javier Milei's austerity policies have driven poverty rates to 53%, leaving many struggling to make ends meet and relying on family support.

Inflation Slows in Argentina, But Threat Remains

This report explores India's consumer confidence as the festive season gets busier with some of the country's largest spending spikes expected soon. But can the spending boom support India's growing economy? Watch to know more.

India's Festive Demand Drives New Trends Ahead of Diwali

The blistering rally in Chinese stocks has catapulted nine of the nation's business magnates back into the ranks of the world's wealthiest list. This comes even as china's stock market euphoria cools as traders reassess stimulus bets. Watch in for more details!

Chinese Tycoons Ride World's Richest Ranks

China's home sales saw a significant jump during the recent holiday period, providing an immediate boost to the country's real estate sector. The surge is seen as a positive sign for the struggling housing market, which has been facing challenges in recent months. The increase in sales, driven by holiday promotions and favorable government policies, reflects renewed consumer confidence and highlights the potential for short-term recovery in the real estate industry. Analysts are closely monitoring the impact of this uptick on broader economic conditions.

China's Home Sales Jump During The Holidays, Tracking The Immediate Impact

Now, we look at how markets started the week. Asian stocks advanced after stronger-than-expected US Payroll data underscored the health of the world's largest economy and boosted investor optimism. Watch to know more.

Trading is Being Shaped by Signs of US Economic Resilience

In Zhongwei, combating poverty remains an ongoing struggle despite China's significant achievements in improving living standards. Recent reports indicate that 28 individuals have been added to a poverty relapse watch list, highlighting the ongoing vulnerabilities in rural areas.

Tracking Poverty In China

Looming strikes across North American ports and the widening West Asia tensions are poised to disrupt commerce worldwide. This, perhaps, is overshadowing the demand boost from the start of a global interest rate cut cycle led by the Federal Reserve. Take a look at this next report for more.

West Asia Tensions Add to Economic Concerns

Indian stocks started Friday in the red, extending a sharp fall on Thursday when benchmarks marked the worst decline since early August. Concerns over a weakening economy and a pick-up in selling by foreign investors have weighed on confidence this week.

Indian Stocks Fall Most Since Early August

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