Aishe News

The DAX, a titan of European finance, was shattered into pieces on Friday morning. Its fall below the 18,000-point threshold sent shockwaves reverberating through global markets. The aftershocks of Thursday's seismic market drop were amplified, as investors grappled with the stark reality of a deepening crisis. Disastrous earnings from the tech behemoths and the specter of a looming recession cast a long, dark shadow over the market. The German index shed a steep 1.29% to 17,850 points in the immediate aftermath of the Xetra market open, compounding the previous day's 2.3% loss. August was off to a dismal start, and there was no respite in sight. The MDax, tracking mid-cap companies, tumbled 1.72% to 24,571 points, while the EuroStoxx 50, the eurozone's leading index, sank 0.8%. The contagion spread to US and Asian markets, as investors grappled with the fallout. Japan's Nikkei index plummeted nearly six percent, following a 1.2% decline in the Dow Jones Industrial Aver...

In the heart of Istanbul, a city that once stood as a testament to Turkey's rapid economic growth, a family with three young children faces a harrowing reality that mirrors the struggles of countless others. As they fall three months behind on their rent, their lives unravel further – water and electricity are mercilessly shut off, and the persistent pounding of their landlord on the door is a haunting reminder of their dire circumstances. Their plight is but a glimpse into a larger crisis gripping the nation, where almost a third of the population teeters on the edge of poverty and social exclusion, as revealed by a recent report from the Turkish Statistical Institute. This distressing trend threatens to erase the hard-earned gains made in poverty reduction over the past decades, effectively erasing the remarkable progress Turkey had witnessed. The anonymous father of this besieged family shares his anguish, his voice shaking as he recounts his son's epilepsy and his own criti...

As Prices Race Ahead Here, Desolation Grips China While most nations of the world grapple with soaring inflation rates, China finds itself in the grip of an opposite menace - plummeting prices. This unexpected descent fuels fears of a downward spiral that could spell doom not only for domestic industries but also for foreign enterprises. A glaring example is the automotive sector. Volkswagen, a global giant, delivered a staggering 12.5% more cars to buyers in the first half of the year compared to the same period last year. Yet, paradoxically, in China, a region where the company now garners over a third of its sales, sales figures took a nosedive. BMW and Mercedes-Benz managed to increase their sales in the Middle Kingdom, but the growth pales in comparison to other markets. BMW's quarterly report grimly acknowledges, "Consumer hesitancy is taking its toll." This hesitancy pervades various sectors, breeding multifaceted problems. In June, China witnessed a striking in...

Preview of Wednesday (26.07.2023): Yawning boredom or wild surprises? The US Dollar is keeping us all in suspense as we await Interest Rates Wednesday! The Federal Reserve has announced a 25 basis points increase in interest rates on Wednesday. However, instead of the financial world vibrating with excitement, the dollar seems to be still asleep. Perhaps it has decided on a Wednesday snooze, who knows! Nevertheless, some brave investors can't resist and have already placed their bets against the dollar. As if they think the dollar could be an egg hitting the floor during breakfast - inevitable! Yet, the truth is, the dollar is still waiting to see what the future holds. The sluggish US inflation plays the leading role in this financial drama. Money managers are wondering if they need to prepare for a sensation or if the dollar will just keep dozing. Pension funds, insurers, and mutual funds haven't quite made up their minds about getting in on the interest rate game. Some s...