Meta hires 3 ex-OpenAI researchers for its AI team, days after Altman accused it of poaching staff. Open AI confirmed exits; Meta has not commented yet.
Japan leads Asia's $650B M&A surge in 2025 with $232B in deals, driven by low rates, reforms, and rising takeovers. Bankers expect momentum to continue.
Fed begins move to ease bank leverage rules, possibly exempting Treasuries, to reduce capital strain on major banks.
Oil prices rise after U.S. crude stockpiles fall 5.8M barrels, signaling robust summer demand.
U.S. sanctions three Mexican banks over alleged fentanyl-related transfers, tightening financial scrutiny
The FCA may ease rules on interest-only mortgages, once seen as risky, to help more people who can't afford full repayments get on the property ladder.
Top U.S. banks are expected to pass stress tests, paving the way for increased dividends and stock buybacks.
Norway's central bank may cut rates twice more in 2025 after a surprise drop to 4.25%, driven by easing inflation.
Canada's annual inflation held steady at 1.7% in May, with gasoline prices down and core inflation measures slightly easing.
The U.S. dollar weakened as a ceasefire between Israel and Iran lifted investor appetite for risk, supporting global markets.
EU states and Parliament agreed to ease gas storage rules to avoid driving up energy prices, the European Commission announced Tuesday
Norway's Equinor says its Johan Castberg oilfield in the Arctic is now producing at full capacity of 220,000 barrels/day after a brief May outage.
UK pledges £9bn/year to fix schools, hospitals, courts & prisons. £725bn over 10 years aims to renew infrastructure, boost safety & build 500,000 homes.
Spain's PM Sánchez rejects NATO's 5% GDP defense spending proposal, calling it unreasonable and incompatible with Spain's welfare model and global vision.
Arizona revives Bitcoin reserve bill as Senate votes 16-14 to reconsider it. The bill allows a state-run fund to manage forfeited crypto and digital assets.
Top diplomats from the UK, France, and Germany seek last-minute talks with Iran as the US weighs joining Israel's military actions against Tehran soon.
SpaceX's Starship exploded in a fireball during testing in Texas, marking another setback for Elon Musk's Mars rocket program ahead of its 10th test flight.
UK consumer confidence rises slightly to -18 but remains weak amid Middle East tensions, petrol price fears, and lingering concerns over inflation and trade wars.
Japan says trade talks with the U.S. remain unclear, as Tokyo struggles to secure a deal and end U.S. tariffs on Japanese cars before the July 9 deadline.
Juventus extend Adidas deal until 2037, worth €408M over 10 years. The current contract, running through 2027, remains unchanged, the club said.
Syria made its first SWIFT bank transfer since the war began, sending money to an Italian bank—marking a step toward rejoining the global financial system.
Norway's central bank cut rates by 25 bps to 4.25%, its first since 2020, surprising analysts and weakening the krone, with more cuts expected this year.
Japan boosts long-term LNG deals amid AI growth, cleaner energy costs, and a new energy plan, while China's LNG imports are expected to decline this year.
Ford is recalling 197,432 Mustang Mach-E vehicles (2021–2025) in the U.S. due to a risk of back seat passengers getting trapped during emergencies, NHTSA said.