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Japanese Automakers China Sales Stumble

Honda, Nissan & Toyota Motor realized a decline in sales in China for the month of September, due to the semiconductor chip shortage which hit vehicle production for the world’s largest car market. Honda’s sales in the Asian nation declined 28% from one year’s time, Nissan saw a 26% drop and Toyota’s Chinese sales fell off by 36%.


According to the Pentagon’s former software chief Nicolas Chaillan, China has emerged victorious out of the artificial intelligence battle with the United States, and because of its technological advancements and sophistication, the Asian nation is heading towards global dominance in the AI field.

World Bank President David Malpass indicated that the organization’s latest report reveals that the debt burden of the world’s poorest nations surged 12% to a record $860 million in 2020. The reason behind this is due to the countries’ massive response and stimuli to deal with the COVID-19 crisis.


The U.S. dollar jumps to near three-year highs as investors & traders remain confident that the U.S. Federal Reserve will begin tapering of its massive bond-purchase program next month, regardless of the recent, weak American payrolls figures. The dollar index, compared to a basket of major currencies, edged 0.07% higher to 94.145.


Gold prices have increased modestly following a soft September jobs report. Despite the U.S. greenback trading higher, which typically sways investors away from the precious metal, gold futures soared 0.19% to price at $1,757 an ounce. Bullion investors now await the Fed’s decision on the timeline of its bond-buying tapering scheme.


Crude oil prices rocketed to multi-year highs, extending previous gains as the global energy crisis continues to loom on major economies, restraining supplies from the world’s most prominent & dependable oil producers. Brent oil soared 1.88% to 83.93 per barrel, and WTI oil flew 2% to price at 80.95 a barrel.


USA: S&P500 +0.52%, Dow Jones Industrial Average +0.51%, Nasdaq Composite +0.49%

Europe: FTSE 100 +0.65%, DAX -0.13%, CAC 40 +0.07%

Asia: Nikkei 225 +1.60%, Hang Seng +1.96%, CSI 300 +0.13%, Nifty 50 +0.28%


Dubai Airport Expects Travel Surge, Hikes Annual Forecast

The operator of Dubai International Airport said on Wednesday that over 14 million passengers passed through the airport in the second quarter, raising its forecast for the year to 62.4 million. The number of passengers increased for the seventh consecutive quarter as demand for international travel rises as pandemic restrictions around the world loosen.

According to a statement from Dubai Airports, the airport in Dubai processed 14.2 million passengers from April to June, more than tripling the 4.9 million that passed through security during the same period last year.

Jewelry Maker Pandora Goes Big on Lab Diamonds

Pandora, the globe’s largest jewelry manufacturer, announced on Tuesday that it shall proceed with its bet on lab-created diamonds, following its statement last year to stop selling mined diamonds.

In an effort to attract younger customers with less expensive, more sustainable stones that are guaranteed not to have come from war zones, the Copenhagen-based jewelry giant will introduce a collection which utilizes unmined diamonds in North America this month.

Following a smaller experimental launch in Britain last year, 269 locations are now open across the United States, Canada, and via the web.

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