“The idea of putting physical metal in a safe jurisdiction like Singapore with parties they can trust is becoming a big trend nowadays,” says Gregor Gregersen, founder of The Reserve. Alessia Pierdomenico | Bloomberg | Getty Images The ultra-wealthy are increasingly moving their gold offshore as economic and geopolitical uncertainty roils markets — and Singapore…
This month, Tripadvisor released its annual Summer Travel Index, which revealed the top trending international destinations for American travelers. The report found that U.S. travelers are looking abroad for both major cities and laid-back beach vacations, with 51% of travelers citing their primary reason to travel is to relax and rejuvenate. “It’s part of an…
The travel industry is one of the sectors most susceptible to fraud, with scams rising 18% during the summer peak season and 28% in the winter peak season in 2024, according to a new report. The report, published last Tuesday by the Mastercard Economics Institute, showed that fraud related to travel agency and tour company…
HANGZHOU, CHINA – JUNE 3, 2024 – The NVIDIA logo and the Apple logo are pictured in Hangzhou city, Zhejiang province, China, June 6, 2024. On June 5, Eastern time, Nvidia’s stock market value exceeded $3 trillion, officially surpassing Apple’s market value and becoming the world’s second largest technology giant by market value. It is…
The Panama Canal has spent the past few years battling extreme weather, with the El Niño phenomenon and severe drought leading to a water-level crisis. Now, it’s President Trump’s trade war that is threatening the global trade gateway. A critical passage for U.S. East Coast bound ocean freight container traffic, the Panama Canal is facing…
Getty Images Singapore PM Lawrence Wong became the PAP party leader last year Singapore’s ruling People’s Action Party (PAP) has won by a landslide in an election dominated by concerns over the cost of living and the country’s future economic stability. Led by Prime Minister Lawrence Wong in his first election since he became party…
California’s economy has overtaken that of the country of Japan, making the US state the fourth largest global economic force. Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth. The data shows California’s gross domestic product (GDP) hit $4.10 trillion (£3.08 trillion)…
Charlotte Edwards Business reporter, BBC News Getty Images The World Trade Organization (WTO) has forecast that global trade will fall this year because of US President Donald Trump’s tariffs. It added “severe downside risks”, including reciprocal tariffs and political uncertainty, could lead to an even sharper decline in global goods trade. “The decline is expected…
Cargo ships and containers at Qingdao port in eastern China’s Shandong province on Dec. 4, 2024. Stringer | Afp | Getty Images The World Trade Organization (WTO) warned on Wednesday that the outlook for global trade has “deteriorated sharply” in the wake of U.S. President Donald Trump’s tariffs regime. “The outlook for global trade has…
Global commodities have slumped more than 20% from the same period last year, according to the S&P GSCI Commodities index. Jung Getty | Moment | Getty Images Global commodity prices are getting hammered, as trade war tensions once more fester between the world’s two largest economies — and recession signals are flashing red. The S&P…
