Surging markets push Superannuation Fund to new high
09 Sep
Science & Technology

Surging markets push Superannuation Fund to new high

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Technology tamfitronics Navigation for News Categories Sharemarket returns were boosted by holdings in the so-called 'magnificent seven' technology stocks, including Microsoft, Amazon, Tesla and Nvidia. Photo: 123RFThe value of the NZ Superannuation Fund has hit a record high of $76.6 billion on the back of a strong performance by overseas technology stocks.The fund earned $11.2b for the year ended June, a 14.9 percent rise on the previous year, as sharemarkets were driven higher by improving economic factors and...
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Beijing Surging Equipment to Moscow to Support Battle…
14 Apr
Science & Technology

Beijing Surging Equipment to Moscow to Support Battle…

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Technology tamfitronics WASHINGTON (AP) — China has surged sales to Russia of machine tools, microelectronics and utterly different technology that Moscow in turn is the utilization of to originate missiles, tanks, airplane and utterly different weaponry for utilize in its battle in opposition to Ukrainein response to a U.S. evaluation.Two senior Biden administration officials, who mentioned the soft findings Friday on the situation of anonymity, mentioned that in 2023 about 90% of Russia’s microelectronics got here from China, which Russia has historical to accomplish missiles, tanks and airplane. Nearly 70% of Russia’s roughly $900 million...
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