News

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Fri, 07 Mar 2025 12:30:03 GMT

Former Barclays CEO to appeal his ban

Former Barclays CEO Jes Staley will appeal his proposed ban from the UK finance industry, linked to his past ties with disgraced financier Jeffrey Epstein.

Fri, 07 Mar 2025 09:30:05 GMT

Big pharma fears of EU regulation

EU pharma industry urges the Commission to slow down the Critical Medicines Act, fearing rushed drafting ahead of the March 11 deadline, bypassing proper evaluation.

Fri, 07 Mar 2025 06:30:04 GMT

Foreign workers improve the economy of Spain

Foreign workers boost Spain's economy, helping it grow 3% last year, outpacing the eurozone and US.

Fri, 07 Mar 2025 03:30:05 GMT

JPMorgan expansion in the private credit market

JPMorgan sets aside $50B to expand in the private credit market, joining rivals like Citigroup and Wells Fargo as the sector is expected to grow to $3T by 2028.

Thu, 06 Mar 2025 21:30:03 GMT

Trump Tariffs agricultural products

Trump announced new tariffs on agricultural imports starting April 2, saying U.S. farmers will benefit as foreign products can't compete with local goods.

Thu, 06 Mar 2025 18:30:03 GMT

Bond yields in Japan rise

Japanese government bond yields surged Thursday, with the 10-year hitting its highest since 2009, amid a global bond sell-off and rising U.S. treasury yields.

Thu, 06 Mar 2025 15:30:03 GMT

Disney to decrease workforce

Disney plans to cut about 6% of its workforce at ABC News and Disney Entertainment Networks, affecting under 200 staff, due to declining TV audiences.

Thu, 06 Mar 2025 12:30:03 GMT

BlackRock buy Panama canal ports

BlackRock is buying ports along the Panama Canal for $23B from CK Hutchison, boosting its infrastructure strategy amid political tensions over the trade war.

Thu, 06 Mar 2025 09:30:03 GMT

Intel wins court case

Intel won a lawsuit dismissal over fraud claims about concealing issues in its foundry business, which led to job cuts and a $32B market value loss.

Thu, 06 Mar 2025 06:30:03 GMT

Novo Nordisk cuts price on drugs

Novo Nordisk will sell its weight-loss drug Wegovy for $499/month to cash-paying patients, following Eli Lilly's price cuts for its obesity drug Zepbound.

Thu, 06 Mar 2025 03:30:03 GMT

Germany to invest half a trillion into economy

Germany's parties plan a 500 billion euro infrastructure fund and borrowing rule changes, sparking market optimism to boost the economy.

Wed, 05 Mar 2025 21:30:03 GMT

Adidas looks for higher profits

Adidas forecasts higher profits this year, expecting an operating profit of €1.7-1.8 billion, driven by strong sales of retro sneakers despite conservative guidance.

Wed, 05 Mar 2025 18:30:04 GMT

German bond yields spike

German bonds fell as investors braced for a €500 billion fund for defense and infrastructure. The euro rose 0.3%, boosted by expectations of economic growth.

Wed, 05 Mar 2025 15:30:03 GMT

Elon Musk's court request denied

A U.S. court denied Elon Musk's request to block Open AI's shift to a for-profit model, ruling he didn't meet the high burden for a preliminary injunction.

Wed, 05 Mar 2025 12:30:04 GMT

EU plans for bigger spending

The European Commission proposed borrowing €150 billion to lend to EU governments for rearmament amid concerns over U.S. protection and Russia's war in Ukraine.

Wed, 05 Mar 2025 09:30:03 GMT

Turmoil in the Serbian parliament

Serbian opposition lawmakers threw smoke grenades and used pepper spray in parliament to support student protests, criticizing corruption and President Vucic's rule.

Wed, 05 Mar 2025 06:30:06 GMT

Bitcoin ATM sentenced to 4 year

A UK Bitcoin ATM operator was sentenced to 4 years in prison, marking the FCA's first such case.

Wed, 05 Mar 2025 03:30:06 GMT

Germany's central bank proposal for bigger spending

Germany's central bank proposed a reform to lift the debt cap, potentially giving the government an extra €220B for defense and investment, amid growth concerns.

Tue, 04 Mar 2025 21:30:03 GMT

Warren Buffett on tarrifs

Warren Buffett called tariffs "an act of war," warning they act as a tax on goods, raising prices for consumers.

Tue, 04 Mar 2025 18:30:03 GMT

TSMC to invest in the U.S

TSMC will invest $100B in U.S. manufacturing, including 3 chip plants and R&D in Arizona, creating 20,000-25,000 jobs and producing advanced AI chips.

Tue, 04 Mar 2025 15:30:03 GMT

Aramco cuts dividend

Aramco cuts its record dividend to ease financial stress, impacting Saudi Arabia's budget deficit.

Tue, 04 Mar 2025 12:30:03 GMT

Mercedes-Benz to buy-out staff

Mercedes-Benz reached a deal with its works council to offer buy-outs to staff, with compensation only if both the employee and company agree on contract termination.

Tue, 04 Mar 2025 09:30:04 GMT

China retaliates on tarrifs

China will impose up to 15% tariffs on U.S. farm products like chicken, pork, soy, and beef, starting March 10, in response to Trump's tariff hike on Chinese goods.

Tue, 04 Mar 2025 06:30:03 GMT

Brazil's bond yield rises

Brazil's 10-year government bond yields hit 15.27%, offering high returns compared to other emerging markets, driven by inflation and fiscal uncertainty.

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