U.S. Treasury's Bessent pushes to scrap dual capital rules, calling current bank regulations too complex.
Swiss bank deposits hit 15-month high, fueling talk that the central bank may intervene to weaken the franc.
Kraft Heinz may spin off slower-growing brands like Velveeta into a $20B entity—a bold move to revive growth after its troubled 2015 merger.
UK consumer confidence fell for the first time in nearly 3 years, dropping 2.6 points to 10.4% in Q2, as job security concerns rise.
China's antimony and germanium exports fell 88% and 95% since January amid a smuggling crackdown led by its top spy agency. Both are key tech and defense minerals.
Microsoft warns of active attacks on server software used by agencies and businesses; urges urgent updates. FBI is investigating with partners.
China's Ottawa embassy slammed Canada's new steel duties as WTO violations, saying they harm global trade, despite a recent deal to mend ties.
Ryanair will keep its MAX 10 orders for 2027 after Boeing assured on-time delivery, avoiding a switch to smaller MAX 8-200s, CEO O'Leary said Monday.
The GOP-led House passed Trump's $9B cut to public media and foreign aid, excluding $400M for HIV/AIDS program. Bill heads to the White House to be signed.
Sticky inflation and a strong job market prompt Wall Street to drop forecasts for a September Bank of England rate cut after UK inflation rises to 3.6% in June.
Champagne makers seek new markets like Brazil and Asia after Trump threatens 30% tariffs on EU goods. U.S. is top buyer, and tariffs may raise prices, cost jobs.
Chevron can move ahead with its $53B Hess deal after beating Exxon in court, giving it access to a major oil find and boosting CEO Mike Wirth's turnaround plan.
Novartis raised its 2025 outlook, now expecting core profit to grow in the low teens, boosted by strong Q2 sales of key drugs like breast cancer treatment Kisqali.
Walmart Mexico Q2 profit dropped 10%, missing forecasts, as weak consumer spending slowed recovery, despite an 8% rise in sales.
Japan, U.S. held 45-min call on tariffs; reaffirmed positions and vowed to continue dialogue, Japan's government said Thursday.
S&P downgrades Nippon Steel to 'BBB' from 'BBB+' with negative outlook, citing debt strain from its U.S. Steel acquisition and expected weak finances.
German FM Lars Klingbeil slammed the EU's budget plan, calling its corporate tax proposal the "wrong signal" for attracting investment to Germany and Europe.
ABB reported record Q2 orders, driven by 37% U.S. growth and strong demand for data center tech supporting AI. Total group orders rose 14%.
Trump said Coca-Cola agreed to use real cane sugar in U.S. beverages after talks with him, thanking the company in a Truth Social post.
US Bank completed its first fully digital trade finance transaction using the WaveBL platform, marking a step forward in paperless trade documentation.
Volvo Cars' Q2 profit dropped to $298M from $770M as weak demand and U.S. tariffs hit. Margins shrank, and the outlook for Europe's auto sector remains gloomy.
Diageo CEO Debra Crew steps down after two years; CFO Nik Jhangiani named interim CEO as the firm focuses on improving performance and reducing debt.
TSMC posted a record Q2 profit of $13.5B, up 60.7%, beating forecasts as demand for AI chips surged. Key clients include Apple and Nvidia.
Wetland loss could cost the world $39T in benefits by 2050, as 22% have vanished since 1970—the fastest loss of any ecosystem, a global report warned.