Iran oil shock stirs memories of 1997 Asian Financial Crisis — but here’s why history may not repeat itself

A month into the worst oil supply disruption since the 1970s Arab embargo, the economic pain spreading across Asia is reviving an uncomfortable question: Could this be 1997 all over again?  The parallels are hard to ignore. Asian currencies are under pressure, fueling the risk of capital outflows. Spiking energy costs have pushed governments to…

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U.S. Fed rates, gold, Nikkei 225, HSI

An aerial view of Singapore’s skyline. Tong Thi Viet Phuong | Moment | Getty Images Spot gold prices rose to a fresh record Thursday after the U.S. Federal Reserve overnight kept its benchmark rate steady at a target range of 3.5% to 3.75%. The bullion rose more than 3% to breach the $5,500 per ounce…

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Malaysia and Indonesia block Elon Musk’s Grok due to obscene, non-consensual content

Nikolas Kokovlis | Nurphoto | Getty Images Malaysia and Indonesia blocked access to Elon Musk’s artificial intelligence chatbot Grok over the weekend due to concerns that the tool was being used to generate non-consensual, sexually explicit and obscene content.  Malaysian regulators ordered temporary restrictions be placed on the chatbot from xAI on Sunday following “repeated…

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5 major trends set to shape travel in 2026

Traveling is no longer just about the destination – or even the journey. It’s about the experience you walk away with. Since the end of Covid, experience‑led travel has continued to evolve, shifting away from checking off landmarks and more towards meaningful trips that help travelers connect with the people and places they visit. CNBC…

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