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.
Standard Chartered aims for an 18% ROTE by 2030, cutting over 7,000 corporate roles through AI and automation while expanding its high-margin wealth business.
A persistent surge in longer-maturity US Treasury yields is testing the resolve of global fixed-income investors, leaving Wall Street deeply divided. Traders are torn between the tempting opportunity to lock in risk-free rates near their highest levels in decades and the compounding risk of catching a falling knife if the aggressive global bond market selloff continues to deepen.
VW Brazil flags lower vehicle resale values due to aggressive Chinese EV competition, but rejects a price war. Geopolitical parts supply delays remain manageable.
UK unemployment unexpectedly rose to 5% in March as wage growth slowed to 3.4%. Payrolls dropped by 100,000 in April, showing the first major shockwaves of the Iran war
Anglo American has agreed to sell its Australian steelmaking coal mines to UK-based miner Dhilmar for up to $3.88 billion.
Ford Motor's new energy unit has signed a five-year agreement to supply up to 20 gigawatt-hours of battery storage capacity to renewable power developer EDF.
Anthropic will brief the Financial Stability Board on cyber risks exposed by its new Mythos AI model, which central banks fear could crack open legacy banking security.
Blockchain analytics firm Elliptic secured $120 million in Series D funding led by One Peak, with participation from Deutsche Bank, Nasdaq Ventures, and the British Business Bank.
Ryanair CFO Neil Sorahan warned that weaker European airlines could collapse this winter due to soaring jet fuel costs.
Tesco has officially removed its limited-edition Pork Pie Inspired Sandwich from shelves after a planned 10-week run across 1,000 stores. The divisive item, featuring pork pie meat, cheddar, and piccalilli, was launched to introduce younger shoppers to the traditional British snack.
China has agreed to purchase at least $17 billion in US agricultural products annually from 2026 through 2028. The deal, which excludes previous soybean pacts, aims to revive trade after a devastating 65.7% drop in US farm exports to China last year.
G7 finance chiefs are meeting in Paris to address widening economic imbalances and coordinate on securing critical raw materials.
Taiwan Semiconductor Manufacturing Company (TSMC) announced plans to sell 152 million shares in Vanguard International Semiconductor. The block trade will reduce TSMC's stake from 27.1% to 19%.
India's wholesale inflation hit a 42-month high of 8.3% in April, driven by a massive 24.71% surge in fuel and power costs linked to the ongoing West Asia war. While retail inflation remains steady at 3.48%, experts warn of impending consumer price hikes.
President Donald Trump announced that Chinese President Xi Jinping has agreed to purchase 200 Boeing aircraft, surpassing the 150 jets the manufacturer initially expected.
Chinese EV giants like BYD, Xpeng, and Chery are rapidly expanding across Europe. They are actively acquiring or leasing underused local factories from struggling European rivals to bypass looming EU import tariffs, protect local jobs, and accelerate their domestic production capabilities.
A Bank of England trial revealed that using DLT for wholesale settlement forces major trade-offs between speed, decentralisation, and security.
US retail sales rose 0.5% in April as tax refunds cushioned spending, but soaring energy costs from the Iran war drove import prices up 1.9%.
Alphabet issued a record 576.5 billion yen in bonds to fund AI investments, making it the largest-ever yen debt sale by a foreign firm.
Volkswagen labor leaders firmly blocked German plant closures. To fix overcapacity, they are open to defense deals or sharing sites with Chinese firms.
The Bank of England is softening planned stablecoin limits and deposit rules following heavy industry pushback over operational hurdles.
Ford Motor shares have experienced a massive rally, skyrocketing nearly 20% over a two-day trading stretch following the official launch of its new subsidiary, Ford Energy. Wall Street analysts are highly enthusiastic about the automaker's strategic pivot into the domestic battery energy storage market. By utilizing licensed technology from Chinese battery giant CATL, Ford is positioning itself as a key
The VDA expects German car industry job losses to reach 225,000 by 2035, blaming high costs, bureaucracy, and the tough transition to electric vehicles.