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On Christmas Day 2024, Russia launched a huge attack on Ukraine's energy facilities, demonstrating the ongoing intensity of the conflict.Over 70 missiles and 100 drones targeted power facilities across Ukraine, leaving thousands without heat and electricity during the winter season holiday.Ukrainian air defenses obstructed 59 missiles and 54
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Read more: Russia's Christmas Assault: A Strategic Strike on Ukraine's Energy Grid
Write comment (100 Comments)Japan is betting big on nuclear power to sustain its economic revival and tech-driven future. The nation prepares to improve nuclear energy's share to 20% by 2040, more than doubling its existing 8.5% contribution.This remarkable shift marks a clear break from post-Fukushima policies that looked for to decrease nuclear reliance. The driving force behind this
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Read more: Japan's Nuclear Renaissance: Powering the A.I. Revolution
Write comment (90 Comments)China’s urban rental market has plummeted to its lowest point in four years, exposing deep-rooted issues in the world’s second-largest economy.
Average rents in 100 major Chinese cities dropped to 2,636 yuan ($361) per 100 square meters in November 2024. This decline signifies a notable downturn in the real estate sector.
This decline stems from a
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Read more: China’s Rental Market Hits Four-Year Low as Housing Glut Persists
Write comment (98 Comments)The oil market experienced a slight uptick on Friday, December 20, 2024, as the U.S. dollar lost ground against major currencies. This shift came in the wake of softer inflation data from the United States. However, the modest gains were not enough to offset the week’s overall decline.
Brent crude, the global oil benchmark, closed at $72.94 per
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Read more: Oil Prices Edge Up as Dollar Weakens, but Weekly Losses Persist
Write comment (92 Comments)Brazil faces unmatched capital outflows in 2024. Investors withdrew $56.21 billion in between January and October. This marks the biggest monetary exodus in the nation's history.The trend surpasses even the pandemic-hit year of 2020. It signals a substantial shift in investor self-confidence and economic policy.The Brazilian real has actually diminished by
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Read more: [Brazil] - Brazil Suffers Largest Financial Exodus in its History
Write comment (96 Comments)The global art market carried out an elaborate dance in 2024, going back from the abundant highs of previous years. General sales dipped 4% to $65 billion, marking a considerable shift in collector behavior and market dynamics.High-end transactions felt the chill most acutely. Christie's reported a 16% drop in auction sales, while Sotheby's e
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Read more: Art Market Cools: High-End Sales Slump, Middle Market Holds Firm
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