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According to TASS, citing the Russian Ministry of Defense, Russia has struck a logistics center in the Sumy region of Ukraine.The China Earthquake Networks Center officially reported that a magnitude 2.9 earthquake occurred at 15:21 on August 4 in Haifeng County, Shanwei City, Guangdong Province (23.04 degrees north latitude, 115.42 degrees east longitude), with a focal depth of 10 kilometers.August 4th - Apples annual sales in India surpassed $10 billion for the first time in the last fiscal year, highlighting surging demand for its high-priced electronics and Apples continued expansion of its retail channels in India. Sources familiar with the matter revealed that Apples revenue in India achieved double-digit growth in the 12 months ending March this year, compared to approximately $9 billion in sales the previous year. The sources indicated that the iPhone, Apples flagship product, accounted for the vast majority of sales, while demand for the iPad and MacBook also increased. This previously undisclosed data is a significant boon for Apple in exploring new growth markets. Although the Indian market still represents a relatively small portion of Apples global business, this South Asian nation is gradually becoming one of Apples most important sales regions outside of the United States and China.Market news: Apples annual sales in India have surpassed $10 billion for the first time.On August 4th, when a Russian assault force approached Ukrainian defensive positions on a stretch of the front line east of Donetsk, they encountered an unexpected adversary: a combat robot equipped with a flamethrower. According to the chief engineer of the Ukrainian 93rd Independent Mechanized Brigade, as Russian troops occupied positions near a forested area, the robot began its operation, turning the surrounding dry summer grass into a "sea of fire." Ukrainian machine gun teams then launched an attack, mopping up the surviving attackers. This robot, deployed last August in the "Dobropillia axis," is part of Ukraines expanding unmanned ground vehicle (UGV) force. These vehicles are equipped with a variety of weapons, from rifles to rocket-propelled grenade launchers. Ukraine aims to produce at least 50,000 such robots this year for battlefield use, enhancing the combat effectiveness of human forces confronting Russian troops.

Gold Price Forecast: XAU/USD crashes below $1,840 as geopolitical worries damper market mood

Alina Haynes

Feb 20, 2023 11:13

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Gold price (XAU/USD) has slid to about $1,837.90 after giving a negative break of the consolidation created in a limited range of around $1,844.00 in the Asian session. The precious metal has been given amid growing geopolitical tensions between the United States and China and the launch of rockets from North Korea near Japan’s Exclusive Economic Zone (EEZ).

 

Investors should brace for wild volatility as the equity markets in the United States will stay closed on Monday owing to Presidents’ Day. Nevertheless, S&P500 futures have slid further amid increased forecasts of the continuation of the restrictive policy stance by the Federal Reserve (Fed), presenting a decline in the risk-aversion theme.

 

The US Dollar Index (DXY) has risen over 103.70 as investors are increasingly anxious that the higher-than-anticipated US Consumer Price Index (CPI), Producers Price Index (PPI), and monthly Retail Sales data have prompted the possibility of a comeback in the inflationary pressures.

 

Fed Governor Michelle Bowman stated on Friday that they are seeing a lot of conflicting data in economic conditions. He further noted, the Fed has “A long way to go to get inflation back down to our goal."


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