News

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Mon, 07 Jul 2025 18:30:09 GMT

Trump to tariff BRICS

Trump said the U.S. will slap an extra 10% tariff on nations backing BRICS' "anti-American policies," as the bloc's summit began in Brazil Sunday.

Mon, 07 Jul 2025 15:30:04 GMT

Musk creates new party

Trump & top donor Musk clash as Musk forms new party, slams Trump's tax bill as bankrupting America. Another sharp twist in their political feud.

Mon, 07 Jul 2025 12:30:06 GMT

Air France-KLM to raise stake in SAS

Air France-KLM plans to raise its SAS stake from 19.9% to 60.5%, buying shares from Castlelake and Lind Invest to boost its position in Europe.

Mon, 07 Jul 2025 09:30:05 GMT

Saudi Aramco raises capital

Saudi Aramco plans to sell up to 5 gas power plants to raise funds, possibly worth tens of billions.

Mon, 07 Jul 2025 03:30:04 GMT

India bans Jane Street

India bans Jane Street, citing "unlawful gains," and seizes $567M. Jane Street, a top global quant firm, disputes charges. It had a growing India presence.

Fri, 04 Jul 2025 21:30:04 GMT

France and Germany dispute over tariff talks

France and Germany clash over EU-US trade talks: Berlin wants a quick deal, Paris warns against showing weakness. EU doubts a zero-tariff pact is possible.

Fri, 04 Jul 2025 18:30:04 GMT

BBVA to integrate Google services

BBVA will equip 100,000 staff with Google Workspace + Gemini GenAI tools, boosting its AI strategy through a deeper partnership with Google Cloud.

Fri, 04 Jul 2025 15:30:03 GMT

HSBC to sell its life insurance arm

Chesnara will buy HSBC's UK life insurance arm for £260M in cash as HSBC streamlines under CEO Elhedery to boost returns, the firms said Thursday.

Fri, 04 Jul 2025 13:25:03 GMT

European asset managers cautions regarding GENIUS Act

Europe's top asset manager warns the US GENIUS Act may fuel a dollar stablecoin boom, risking global payment disruptions and shifting money flows.

Fri, 04 Jul 2025 12:30:03 GMT

U.S. to allow GE engine shipments to China

U.S. clears GE to resume jet engine shipments to China's COMAC, easing trade tensions as both sides lift export curbs on tech and rare earths.

Fri, 04 Jul 2025 09:30:05 GMT

Vodafone under scrutiny by the UK government

UK ministers eye possible crackdown as 62 Vodafone franchisees sue for £120M, alleging unfair cuts that left them in debt and enriched Vodafone.

Fri, 04 Jul 2025 06:40:07 GMT

German manufacturing shrinks

German industrial orders fell 1.4% in May, far worse than the 0.1% drop forecast, due to a one-off effect, official data showed Friday.

Fri, 04 Jul 2025 03:30:04 GMT

U.S jobless rate declines

U.S. added 147K jobs in June, jobless rate dipped to 4.1%. Solid labor market may let Fed delay rate cuts to September. May jobs revised up to 144K.

Thu, 03 Jul 2025 21:30:03 GMT

Big beautiful bill brings drama in the Senate

Trump's big tax bill cleared a key House step after overnight drama. The Senate passed it with VP Vance's tie-break. Final House vote expected by Friday.

Thu, 03 Jul 2025 18:30:04 GMT

Santander to buy TSB

Santander will buy TSB for £2.65B to strengthen its UK position, after recently weighing an exit from Britain amid years of underperformance.

Thu, 03 Jul 2025 15:30:05 GMT

Tesla's China sales up

Tesla's China EV sales hit 61,000 in June, up 3.7% YoY and jumping 59% from May, Tesla China reported Thursday.

Thu, 03 Jul 2025 09:30:04 GMT

Microsoft to lay off employees

Microsoft will cut nearly 4% of its 228,000 staff to curb costs amid big AI spending, after already laying off ~6,000 in May.

Thu, 03 Jul 2025 06:42:11 GMT

Kenya to privatize assets

Kenya plans IPOs to privatize state assets, starting with Kenya Pipeline on the Nairobi exchange this year, President Ruto told the London Stock Exchange.

Thu, 03 Jul 2025 03:30:05 GMT

House prices in UK fall

UK house prices fell 0.8% in June, the biggest drop since Feb 2023, after tax breaks ended. Demand may rebound over summer despite economic worries.

Wed, 02 Jul 2025 21:30:03 GMT

Nissan recalls cars in U.S

Nissan recalls 443,899 U.S. vehicles over engine defects that may cause failure and raise crash risk, per U.S. auto safety agency.

Wed, 02 Jul 2025 18:30:04 GMT

Australia's retail sales in May decreases

Australia's retail sales stalled in May for a 4th month as food sales fell, boosting chances of an RBA rate cut and dimming hopes for stronger consumption.

Wed, 02 Jul 2025 15:30:04 GMT

Paramount to pay Trump

Paramount settles Trump's suit over a CBS interview for $16M, funds to go to his future library; no apology given. Trump had sought up to $20B in damages.

Wed, 02 Jul 2025 12:30:03 GMT

ABB set to launch new product line

ABB launches three new robot lines in China to tap growing automation demand, targeting electronics, food, and metals sectors for tasks like polishing, placing.

Wed, 02 Jul 2025 09:30:07 GMT

Trump's tax bill passed

Senate GOP passes Trump's tax and spending bill, slashing taxes, cutting social programs, raising military spending, adding $3.3T debt; heads to House.

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