Reuters has reported that a surge in airline customer complaints has forced regulators to put airlines under review in Canada, United States and the European Union.
US sanctioned Chinese firm stocks have experienced a share price boom, as patriotic Chinese investors have been buying up the equity of these firms.
The Turkish Lira has reached a record low level against peer currencies. The USD/TRY traded above 20.0750 during mid-European hours. The drop of the currency was caused by the re-election of Recep Rayyip Erdogan as the country's President.
The Wall Street Journal has reported that the person, which reported on a major bribery case at Ericsson in 2019, has been awarded $279 million by the US Securities and Exchange Commission.
The worldwide grain trader Viterra has been negotiating a merger with US competitor Bunge. The deal might reshape how global grain trade operates.
The New York City Banking Commission has voted to stop deposits into the city's accounts at Capital One and KeyBank after a failure of the bank to submit anti-discrimination plans.
The US Justice Department has revealed that in the upcoming months it would take actions against short sellers, which are being blamed for the recent US regional bank rout.
The US Bureau of Economic Analysis has just published its monthly Core PCE Price Index. The index was expected to reveal personal consumption expenditures to have increased by 0.3%. The actual increase has been revealed to be 0.4%.
Reuters has reported that HSBC is considering leaving a dozen of countries and concentrate its efforts on Asia.
Amazon stockholders have voted to decline all 18 propositions made by other shareholders at the company's annual investor meeting.
German statistics office has revealed that the country's GDP has declined in the first quarter of the year by 0.3%, compared to the previous quarter. The new data confirms that the country has entered a recession.
The rating agency Fitch has announced that it has put the US AAA debt rating on negative watch due to the failing US debt ceiling talks.
Facebook owner Meta has started a final round of employee layoffs, which is part of a program to eliminate 10,000 positions.
The stock price of NVidia has started the day's trading with a 26.08% or $79.68 gap up. The price action was caused by the company's last night's earnings release.
The United States Bureau of Economic Analysis has published the US quarterly Preliminary GDP data. GDP was expected to have increased by 1.1%. The actual number has been revealed to be 1.3%. The news strengthened the USD.
The Chinese government has announced that it is against the recently made trade agreement between the United States and Taiwan.
The streaming service company Netflix has increased its measures against password sharing in more than 100 countries. The company has forbidden passwords to be shared outside households.
United Kingdom's monthly consumer price index increase has been reported to be 8.70% year on year. The inflation number was higher than expected. However, inflation has declined below 10.00%.
In the aftermath of the recent Bud Light marketing campaign, Heineken has observed an opportunity to take over a part of the US market. The company intends to revitalise its US business and compete with Anheuser-Busch.
The co-founder of Microsoft Bill Gates has recently stated that top AI agents will replace search and shopping sites.
Chevron Corporation has announced this week that it would acquire PDF Energy for $7.6 billion. The major oil company intends to increase its production by 260,000 barrels per day.
The United States Treasury has confirmed that the first of June is the deadline for a US debt ceiling increase. In the case of no increase the US government would default.
The Reserve Bank of New Zealand has unexpectedly revealed that it would end its monetary tightening cycle. This morning, the central bank hiked its rate from 5.25% up to 5.50% and announced that it is the last hike.
During the most recent negotiations done on Monday, the US President Joe Biden and US House Speaker Kevin McCarthy have failed to reach an agreement on an increase of the US sovereign debt ceiling.