DHL, FedEx, and UPS are urging EU ministers to phase in new low-value package duties.
Major U.S. carriers, including American and United, are increasingly replacing small regional jets with Airbus A319 mainline aircraft on routes to secondary cities.
Nvidia CEO Jensen Huang confirmed that China is included in his $200 billion CPU market forecast. While licensing hurdles for H200 chips remain, he emphasized the market's importance amidst U.S.
Ferrari is launching its first EV, the €500,000 Luce, in Rome today. This bold, high-end move aims to define luxury electrification despite uncertain market demand.
The SEC is poised to introduce an innovation exemption allowing tokenized equities to trade on crypto-native infrastructure
Treasury Secretary Scott Bessent warned that China may use Hong Kong's digital asset sandbox to build a global alternative to US financial leadership.
Norwegian energy giants Equinor and Aker BP have agreed to swap stakes in several North Sea oil and gas fields, including Ringvei Vest, Yggdrasil, and Wisting.
Japan's exports rose 14.8% in April, exceeding market forecasts despite supply chain disruptions caused by the Middle East conflict.
The UK has issued temporary trade licenses delaying certain sanctions on Russian oil and liquefied natural gas.
UK business activity hit its lowest point since early 2021, with the S&P Global PMI falling to 48.5 in May as surging energy costs from the Iran war and domestic political uncertainty triggered a services sector slump. Economists warn the economy faces a perfect storm of contraction and rising inflation, leaving the Bank of England in a difficult position as
JPMorgan Chase has officially entered the German retail market with a new digital banking platform, offering fee-free savings accounts.
Nissan is considering downsizing its historic Yokohama Plant, its first such restructuring of a domestic parts facility, as the automaker seeks to cut costs and improve utilization amid ongoing global losses.
Japan is experiencing a severe naphtha shortage due to Middle East supply disruptions, forcing manufacturers to simplify packaging and retailers to raise prices as the cost of plastics and inks skyrockets.
LSEG signed a five-year VMware Cloud Foundation deal with Broadcom to modernize its infrastructure.
UK inflation unexpectedly slowed to 2.8% in April from 3.3% as utility bills fell, though officials warn the Iran war's energy shock could push rates to 6.2% by next year.
Treasury Secretary Scott Bessent says the US is in no hurry to extend the November trade truce with China, as new bilateral boards prepare to manage $30B in tariff cuts and AI safety protocols.
Meta has laid off approximately 8,000 employees as it adopts AI-native organizational structures and shifts toward a flatter, more efficient model. This move underscores a growing trend of mass tech layoffs in 2026, driven by corporate efforts to prioritize automation over traditional headcount, leaving remaining staff to navigate continued uncertainty.
Severe thunderstorms in North Texas triggered a major ground stop at DFW International Airport and Dallas Love Field on Tuesday. American Airlines, the dominant carrier at DFW, bore the brunt of the disruption, canceling over 400 flights as the FAA suspended departures to manage safety during the severe weather event.
The EU struck a provisional agreement to cut import duties on US goods by late June, aiming to satisfy President Trump's July 4 deadline and avoid threatened 25% tariffs.
AMD CEO Lisa Su met with Vice-Premier He Lifeng, signaling a potential shift in US export policy as Washington reportedly considers allowing relatively advanced AI chips into the Chinese market.
The BOJ may slow or pause its bond taper to soothe volatile markets as soaring yields expose fiscal strain and inflation.
Evergrande liquidators are seeking 57 billion yuan ($8.4 billion) from PwC International and its affiliates in Hong Kong court,
China cut its US Treasury holdings to $652.3B in March from $693.3B, joining a global panic sell-off triggered by inflation and fiscal fears from the Iran war.
Putin arrives in Beijing for a two-day summit with Xi Jinping, testing China's diplomatic balance just days after a major visit from US President Donald Trump.