SK Hynix said on Wednesday that it plans to invest the equivalent of US$12.85-billion (R212-billion) in a new manufacturing plant in South Korea for advanced packaging, to meet rising global demand for AI memory, with construction starting this month. The Nvidia supplier, one of the world’s largest memory chip makers, has been expanding production capacity…
A 2-week ceasefire between the U.S. and Iran sparked a broad-based relief rally across risk assets, and even buoying traditional safe havens.
The 10-year Treasury yield was relatively unchanged on Wednesday as the prospect of a resolution to the Iran conflict lifted investor sentiment. The yield on the 10-year Treasury rose less than 1 basis point to 4.315%. The 2-year yield dropped 1 basis point to 3.789%, while the 30-year Treasury yield was up more than a basis point at 4.906%….
A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. Lucy Nicholson | Reuters Oil prices surged more than 7% Thursday, as traders appear to be unconvinced that government stockpiles can offset the massive supply shock triggered by the war in the Middle East. The West Texas Intermediate jumped 7.5% to $93.8 per…
The Portuguese cargo ship MSC Maxine is pictured at the Port of Balboa at the entrance to the Panama Canal in Panama City on April 23, 2025. The Port of Balboa is managed by CK Hutchison Holdings, based in Hong Kong. Martin Bernetti | Afp | Getty Images The U.K., the European Union and Singapore…
Trump said it “looks like” Hamas will disarm, even though there are signs the group is regrouping.
Belarusian authorities have released Nobel Peace Prize laureate Ales Bialiatski and key opposition figure Maria Kolesnikova from prison, Pavel Sapelka, human rights advocate with the Viasna rights group, confirmed to the AP. Their release comes as authoritarian President Alexander Lukashenko seeks to improve relations with Washington. The U.S. earlier on Saturday announced lifting sanctions on…
Deputy President Paul Mashatile has pledged that South Africa’s Presidency of the Group of 20 (G20) will drive a strong Global South agenda focused on debt relief, inclusive growth, and sustainable development. Speaking at the recently held Türkiye-Africa Business and Economic Forum (TABEF) in Istanbul, Mashatile said South Africa will use its leadership of the…
Cairo — A rare 4,000-year-old limestone relief has vanished from a tomb in Egypt’s famous Saqqara Necropolis, officials say, in the second major apparent theft of an antiquity in just weeks. The ancient artwork’s disappearance was reported over the weekend, just more than three weeks after officials confirmed that a golden bracelet stolen from the…
New York — The world is losing interest in investing in others, especially when it comes to humanitarian aid. Foreign Direct Investment (FDI) has slowed to critical levels, weakening emerging markets and further slowing growth across developing nations. As of 2025, FDI has dwindled to its lowest levels yet, largely due to heightened trade tensions…
