Author: Multibagger News

Turkey’s Economic Growth Slows to 3.2% in Q2, Expected to Cool to 3.35% for the Year – Multibagger Poll In the latest report, Turkey’s economic growth is projected to have dropped to 3.2% in the second quarter of this year due to tighter economic policies. Analysts predict that the rate will continue to cool to 3.35% for the year as a whole. The first quarter of this year saw a growth rate of 5.7%, driven by strong domestic demand fueled by a minimum wage increase and increased consumer spending. However, for the second quarter, experts estimate a GDP growth of…

Indonesia’s Annual Inflation Rate Holds Steady at 2.12% in August – Market Update and Analysis By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Multibagger) – Indonesia’s annual inflation rate was 2.12% in August, essentially unchanged from 2.13% in July, official data showed on Monday, holding comfortably within the central bank’s target range and matching market expectations. The August headline inflation rate was the lowest since February 2022, and matched the forecast in a Multibagger poll. Bank Indonesia (BI) has a target range of 1.5% to 3.5% for inflation. The annual core inflation rate edged up to 2.02% last month from 1.95%…

The Shocking Truth Behind the Tragic Assault on a Female Doctor in India – Exclusive Investigation Reveals Government Failures Discover the Real Story Behind the Homicide-Assault at R.G. Kar Medical College and Hospital – A Must-Read Report by Sakshi Dayal and Subrata Nag Choudhury Are Female Doctors in India Safe? The Disturbing Reality Uncovered – Find Out How Government Failures Led to Tragic Incident Breaking Down the Brutal Attack on a Female Doctor in Kolkata – What You Need to Know About the Ongoing Investigation and Government Promises Analysis: In a recent investigation by Multibagger, it was revealed that despite…

Breaking News: XRP Struggles to Maintain Momentum Above $0.60 – Crucial Levels to Watch As the world’s best investment manager, I have been closely monitoring XRP’s short-term performance amidst recent market volatility. XRP is currently facing challenges in sustaining momentum above the $0.60 mark, making it crucial to keep a close eye on key price levels. The first critical level to watch is around $0.55, which has acted as a significant support level in recent price action. Maintaining this level could signal a period of consolidation, allowing the market to stabilize before potential further moves. However, a breakdown below $0.55…

Indonesia to Sign $3.5 Billion Business Deals with African Countries at Indonesia-Africa Forum Indonesia is set to seal lucrative business agreements worth $3.5 billion with various African nations during the second Indonesia-Africa Forum taking place in Bali. The event, running until Sept. 3, aims to boost economic cooperation and open up new export opportunities for Indonesia. President Joko Widodo highlighted the significant progress in trade relations between Indonesia and Africa, emphasizing the positive impact on trade volumes and agreements. Key highlights of the forum include the signing of memorandums of understanding for a geothermal project involving state power utility Perusahaan…

By Pavel Polityuk KYIV (Multibagger) – Russia pounded Ukraine’s capital of Kyiv with missiles early on Monday, with its mayor saying emergency services were sent to several districts following reports of damage and injuries from falling debris from the downed weapons. All of Ukraine was under air raid alerts, while neighbouring NATO member Poland activated Polish and allied aircraft to ensure the safety of its airspace. On the Telegram messaging app, Ukraine’s air force said repeated launches of ballistic missiles targeted Kyiv, while city officials said air defence units were repelling the attacks. Fire broke out in the Shevchenkivskyi district,…

By Leika Kihara Asian factories, including China’s manufacturing sector, displayed signs of a tentative recovery in August, with chip makers benefiting from firm demand, according to private surveys released on Monday. However, economic headwinds continue to pose challenges. Analysts point to the prospect of slowing U.S. growth, which is expected to prompt interest rate cuts by the Federal Reserve this month, as well as uncertainty surrounding the outcome of the U.S. presidential election, as factors clouding the economic outlook. China’s Caixin/S&P Global manufacturing purchasing managers’ index (PMI) rose to 50.4 in August, surpassing analysts’ expectations and crossing the 50 mark…

Breaking News: Beluga Whale Suspected of Russian Spy Found Dead in Norwegian Waters In a shocking turn of events, the beluga whale known as Hvaldimir, who was suspected of spying for Russia five years ago, has been found dead in Norwegian waters. The body of the whale, named after Russian President Vladimir Putin, was discovered floating in the sea by a father and son fishing in southern Norway over the weekend. Hvaldimir, who was wearing a harness with what appeared to be a mount for a small camera when he was first found in 2019, was a beloved figure and…

Apple’s Strategic Alliance with Bharti Airtel: A Game-Changer for India’s Streaming Market By Munsif Vengattil and Aditya Kalra NEW DELHI (Multibagger) – Apple Inc. (NASDAQ: AAPL) has embarked on a transformative partnership with Bharti Airtel, India’s second-largest telecommunications provider, offering a significant boost to its foothold in the burgeoning Indian content market. This move positions Apple to better compete with industry stalwarts like Spotify (NYSE: SPOT) and Walt Disney Co. (NYSE: DIS). Apple’s Foray into Indian Streaming: A Strategic Pivot As part of its global strategy to diversify revenue streams via services like apps, payments, and media, Apple plans to…

By Casey Hall Shares of Chinese e-commerce giants Alibaba, JD.com, and PDD Holdings took a hit this week due to concerns about margin pressure. PDD’s decision to invest more in offering discounts has raised worries about the profitability of the sector. These companies, which cater to millions of Chinese consumers with a wide range of products, are considered bellwethers of consumer sentiment in China. However, economic challenges and changing consumer behavior have had different impacts on each of these firms. Pinduoduo, operated by PDD, has been the standout performer in terms of revenue growth and market capitalization gains. The platform’s…