European Markets Rise as UK Political Uncertainty and Trump-Xi Talks Drive Investor Attention
European stock markets opened on a positive note Thursday morning as investors closely monitored major political developments unfolding in both…
Category: World
UN Warns Trump Against Iran Strikes as Deadline Nears: Tensions Escalate in Middle East
The United Nations has issued a stark warning to United States President Donald Trump, cautioning that his threats to attack…
Saudi warns of $50 oil if OPEC+ fails to honour cut deal
Saudi Arabia, the leading member of the OPEC+ alliance, has warned that global oil prices could drop to $50 per…
Walz, Vance clash at policy-heavy vice presidential debate
Democrat Tim Walz and Republican JD Vance debated on crucial issues like the Middle East crisis, immigration, and the economy…
Refugees Contribute $124b To U.S. Economy
President Joe Biden has signed a decision to set the U.S. refugee admissions goal at 125,000 for Fiscal Year 2025,…
Intel, US to finalise $8.5 bln in chips funding by year-end, FT reports
Intel is close to securing $8.5 billion in direct funding from the U.S. government, with finalization expected by the end…
China launches late stimulus push to meet 2024 growth target
China’s central bank lowered interest rates and injected liquidity into the banking system on Friday as part of a major…
New US rules to exacerbate trade dispute with China
China has issued a warning to the United States, urging it not to take “discriminatory actions” against Chinese firms, following…
Canada tightens foreign worker eligibility, reduces study permit issuance by 10% for 2025
The Canadian government will reduce the issuance of study permits by 10% for 2025, lowering the cap from 485,000 in…
With Fed’s rate cut at hand, debate swirls over how big a move
As the U.S. Federal Reserve prepares to begin its rate-easing cycle, investors and analysts predict that future interest-rate cuts may…
EU court confirms Qualcomm’s antitrust fine, with minor reduction
Europe’s second-highest court upheld a European Commission antitrust fine against U.S. chipmaker Qualcomm for predatory pricing, though it reduced the…
Teamsters to meet on Wednesday to consider potential US presidential endorsement
The Teamsters executive board is meeting in Washington on Wednesday to decide its endorsement for the 2024 U.S. presidential election.…
Exclusive: Commerzbank poised to put CFO Orlopp in charge of talks with UniCredit
Commerzbank is set to appoint CFO Bettina Orlopp to lead discussions with UniCredit, following the Italian bank’s acquisition of a…
Trump launches another business full of potential risks and conflicts if he wins
Former US President Donald Trump, alongside his sons and business partners, launched a cryptocurrency platform called World Liberty Financial in…
UK reveals key trends in work, study, and family visas For 2024
The UK’s immigration statistics for the year ending June 2024 reveal a total of 1.16 million visas issued across work,…
Boeing strike threat looms as workers vote on contract
Boeing’s U.S. West Coast factory workers are set to vote on a controversial new contract on Thursday, with the potential…
US holiday sales to grow at slowest pace since 2018, report says
U.S. holiday sales are expected to grow at their slowest pace in six years, data from Deloitte showed on Thursday…
UniCredit buys 9% stake in Germany’s Commerzbank, sparking takeover talk
Italy’s UniCredit has acquired a 9% stake in Germany’s Commerzbank for €700 million, raising speculation that UniCredit’s CEO Andrea Orcel…
BMW trims 2024 profit margin on technical issues, weak China demand
BMW has revised its profitability forecast for 2024, now expecting an EBIT margin of 6% to 7% instead of the…
Google loses fight against $2.7 billion EU antitrust fine
Google has lost its appeal against a €2.42 billion fine from the European Commission for unfairly promoting its own shopping…
EU’s Vestager triumphs in crackdown on Apple’s tax deal, Google’s practices
EU antitrust chief Margrethe Vestager celebrated two major victories as the European Court of Justice upheld fines against Apple and…
US small business sentiment ebbs in August amid rising uncertainty
Small-business confidence in the U.S. fell in August, reversing July’s gains due to growing uncertainty ahead of the November 5…
Huawei seeks to steal spotlight from Apple with launch of $2,800 tri-fold smartphone
Huawei launched its $2,800 tri-foldable Mate XT smartphone just hours after Apple’s iPhone 16 debut, positioning itself as a key…
European markets start the week on a positive note
On August 28, 2024, European markets opened higher, with the pan-European Stoxx 600 index gaining 0.67% in early London trading.…
Europe stocks mixed after three straight declines; U.S. jobs data in focus
European stock markets opened Thursday on a mixed note, extending a negative trend despite hitting record highs last week. The…
World stocks tiptoe, dollar holds as investors await US data
World stocks held steady on Tuesday while the dollar remained near a two-week high as investors awaited crucial U.S. economic…
Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Apple plans to use OLED displays for all iPhone models starting in 2025, according to Japan’s Nikkei. This shift from…
Cathay Pacific inspections find 15 A350s need engine parts replaced
Cathay Pacific Airways announced it has inspected its entire Airbus A350 fleet after a critical engine component failed during a…
Asian markets slip amid economic worries
Asian markets fell on Tuesday as investors anticipated the upcoming U.S. jobs report, which is expected to influence the Federal…
WazirX hacker moves $6.5 million in Ethereum to under fire mixer Tornado Cash
India’s largest cryptocurrency exchange, WazirX, has suffered a devastating security breach, resulting in the theft of $235 million in crypto…