Polymarket, Kalshi win big as Thomas Massie loses in Kentucky
Polymarket and Kalshi, two of the biggest players in the prediction market, were some of the biggest winners overnight as Thomas Massie lost his election primary. Thomas Massie loses in…
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Category: Business
UK inflation slows to 2.8% despite Iran war energy shock
British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official data released on Wednesday. The reading came in lower than economists’ expectations. Analysts polled…
UK house prices remain unchanged amid slowing market
British house prices were flat in the 12 months to March after recording a 1.7% increase in the year to February, according to data released by the Office for National…
Warsh’s stance on Fed powers sparks concerns over market stability
Incoming Federal Reserve Chair Kevin Warsh has sparked concern among global central bankers after suggesting the US Federal Reserve’s independence may not fully extend to its international crisis-response operations These…
Foreign holdings of US Treasuries fall as Japan, China cut exposure
Foreign holdings of US Treasuries declined in March, according to data released by the US Treasury Department on Monday, with Japan and China leading the reduction in exposure. Total foreign-owned…
India’s scorching summer likely to push power demand even higher
India’s power demand has surged to fresh records this week as a brutal heatwave grips much of the country, pushing electricity consumption to levels never seen before. Bloomberg reported that…
Southeast Asia’s power demand to triple by 2030: report
Southeast Asia’s power demand from green industrial parks, data centres, and electric vehicles is expected to increase threefold to more than 100 terawatt-hours over the next three to four years,…
WFH, EV push: how India is responding to PM Modi’s fuel-saving call amid Iran war
Following Prime Minister Narendra Modi’s call for Indians to conserve fuel and save foreign exchange as the country grapples with the fallout of the Iran war, state-run institutions, public sector…