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This Happened
nasdaq

This Happened - February 8: Nasdaq Opens

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On this day in 1971, NASDAQ, the world's first electronic stock market was created in New York City.

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What is NASDAQ? 

The NASDAQ (National Association of Securities Dealers Automated Quotations) is an American stock exchange. The NASDAQ is operated and owned by the Nasdaq, Inc. and it is home to many technology-based companies and startups.

How did the NASDAQ differ from traditional stock markets?

The NASDAQ was the first market to use electronic trading systems, as opposed to the traditional open outcry system used by other stock markets. This allowed for faster and more efficient trading.

How has the NASDAQ evolved over the years?

Over the years, NASDAQ became more robust by adding automated trading systems, and in 1998, became the first stock market in the United States to trade online, using the slogan "the stock market for the next hundred years".

What is the current role of the NASDAQ in the global financial market?

The NASDAQ is currently one of the world's largest stock markets, with a wide range of companies listed on it, including technology giants like Apple and Microsoft. It plays a significant role in the global financial market.


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FOCUS: Russia-Ukraine War
chinese-russian relations

With His Trip To Moscow, Xi Has Sent A Clear Message To The World

China has adopted a stance of pro-Putin neutrality since the start of Russia's invasion. But this is not an alliance of equals. China has the upper-hand and sees the opportunity to present itself as an alternative world leader.

Photo of ​Russia's President Vladimir Putin and China's President Xi Jinping in Moscow during the Chinese leader's state visit to Russia.

Russia's President Vladimir Putin and China's President Xi Jinping in Moscow during the Chinese leader's state visit to Russia.

Grigory Sysoyev / ZUMA
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Pierre Haski

-Analysis-

PARIS — While Russia is mired in Ukraine, and Vladimir Putin has become the target of an international arrest warrant, China appeared as a lifeline.

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Xi Jinping’s presence in Moscow from Monday to Wednesday was a bit like the "quiet force" visiting a friend in trouble. They offer him "face," as the Chinese expression for showing respect goes, referring to him as "dear friend"...

But reality sets in very quickly: between the couple, Beijing has the upper hand — and Moscow has no choice.

Since the invasion of Ukraine, China has observed what one diplomat astutely calls a "pro-Putin neutrality", a subtle balance that suits Beijing more than Moscow. Putin could have hoped for more active support, especially in the delivery of arms, technological products, or ways to circumvent Western sanctions. But China is helping Russia sparingly, while making sure to not incur sanctions in turn.

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