Author: News Room

A spicy chicken giveaway at a subway station in China descended into chaos on Thursday after it triggered a mad rush for the snack packs.It started as a promotional event by Qianwufu, a snack company in Guizhou province.The local firm decked out one of the trains on Guiyang city’s third metro line with its company colors, encouraging people to attend the launch of the “Qianwufu Fresh Fried Guizhou Spicy Chicken Special Train.”Gift bags containing nine-ounce packs of firecracker chicken, a famed dish of stir-fried chicken with chili and peppers, would be available, it said in a promotional statement on Wednesday.”This…

By Ariba Shahid and Asif Shahzad ISLAMABAD (Reuters) -Pakistan and the International Monetary Fund on Wednesday reached a staff level agreement which, if approved by its board, will disburse $1.1 billion for the debt-ridden South Asian economy, the global lender said. The funds are the final tranche of a $3 billion last-gasp rescue package Pakistan had secured last summer, which averted a sovereign debt default. Islamabad is also seeking another long-term bailout. “The IMF team has reached a staff-level agreement with the Pakistani authorities on the second and final review of Pakistan’s stabilization program,” the IMF said in a statement.…

NZD/USD falls to 0.6040 as dismal market sentiment dampens the appeal of risky assets. The US Dollar consolidates ahead of the Fed’s policy meeting. The NZ GDP is forecasted to have grown by 0.1% in the last quarter of 2023. The NZD/USD pair continues to face a sell-off and drops to 0.6040 in the late Asian session on Wednesday. The Kiwi asset is under pressure as investors have turned cautious ahead of the Federal Reserve’s (Fed) interest rate decision, which will be announced at 18:00 GMT. S&P 500 futures have posted some losses in the Asian session, portraying a decline…

Source: Midjourney Investment management firm BlackRock is launching a new fund in collaboration with Securitize, as per a recent SEC filing. The fund, registered in the British Virgin Islands, operates as a pooled investment fund. This structure allows investors to pool their funds together into a single portfolio, providing them with potentially higher returns. Securitize is a platform facilitating the transformation of tangible assets, like stocks, bonds, and real estate, into digital tokens. Its collaboration with BlackRock hints at the asset manager’s involvement in tokenization. Still, this is not explicitly mentioned in the filing. Minimum Investment of $100,000 for BlackRock’s…

Jared Kushner suggests Israel should move Palestinians out of Gaza and ‘clean it up’ Jared Kushner, former President Donald Trump’s White House adviser and son-in-law, called the waterfront property in Gaza “very valuable” during a discussion about the Middle East at Harvard University back in February. Washington Post columnist Josh Rogin joins CNN’s Kailtan Collins to talk about the implications.

Topline Stellantis—the automaker behind Chrysler, Jeep, Dodge and Ram—agreed to comply with a California policy requiring two-thirds of new cars to be zero-emission or electric by 2030, potentially insulating the strict rule from challenges if former President Donald Trump returns to office and reprises his efforts to reverse California emissions standards. Key Facts Stellantis will cut emissions through the 2026 model year under the agreement, effectively avoiding the production of 12 million additional metric tons of greenhouse gas emissions, according to a statement from California Gov. Gavin Newsom’s office. The automaker will also comply with California’s requirement to have zero-emission…

Ukraine has found repeated success in the Black Sea by using naval drones to hammer Russian ships.As of last month, Russia had already lost a third of its Black Sea Fleet, officials said.This has forced Moscow’s top brass to look into better ways to protect its warships from drones. It took losing a third of its Black Sea Fleet for Russia’s military leadership to decide that it should take Ukraine’s naval drones a bit more seriously than it has been.Kyiv, which lacks a proper navy, has relied heavily on an arsenal of uncrewed surface vessels, or USVs, packed with explosives to…

Fabien Ferré is the executive chef of La Table du Castellet, a three-Michelin-starred restaurant.French media touted Ferré as the youngest three-Michelin-starred chef.But at least two other chefs have clinched the award at an even younger age. A 35-year-old French chef just earned three Michelin stars — but he isn’t the youngest to clinch the most coveted honor in the fine-dining world.Fabien Ferré is the executive chef of La Table du Castellet. The restaurant was awarded three stars at the Michelin Guide award ceremony on Monday in Tours, France. It was one of 30 restaurants in France awarded three stars by…

(Reuters) – Asian bonds attracted their largest monthly inflow in three months in February, helped by expectations that the U.S. Federal Reserve would cut rates later this year, and also boosted by the region’s strong exports. Foreign investors accumulated a net $4.41 billion of bonds in India, South Korea, Malaysia, Indonesia and Thailand last month, marking their fourth successive month of net buying, data from regulatory authorities and bond market associations showed. Demand for Indian bonds soared with a net investment of $2.7 billion, the highest monthly figure since July 2017, buoyed by their impending inclusion in JP Morgan’s emerging…

Investing.com– Gold prices moved little in Asian trade on Wednesday, steadying from recent volatility as markets looked to the Federal Reserve for more cues on interest rate cuts in 2024. Among industrial metals, copper prices pulled back sharply from recent 11-month peaks, amid a mix of profit-taking and as strength in the weighed on broader metal markets. Bullion prices remained well below record highs hit earlier in March. But they also appeared to have found support around the $2,150 an ounce level. hovered around $2,159.19 an ounce, while expiring in April rose 0.1% to $2,162.15 an ounce by 00:37 ET…