Global energy investment to hit $3.3T in 2025, led by $2.2T in clean energy like renewables and nuclear, double fossil fuel spending, says IEA.
Procter & Gamble to cut 7,000 jobs (6% of staff) over two years, exit some product lines, amid restructuring and weak 2025 demand outlook due to U.S. tariffs.
ECB cut key interest rates by 25 bps, citing easing inflation. Inflation seen near 2% target by 2027, though wage-driven domestic inflation stays high for now.
Jobless claims rose by 8,000 to 247,000 last week, signaling a cooling job market as tariffs add pressure. Economists expected 235,000 claims.
Ford's U.S. sales rose 16.3% in May, driven by gains in gas and hybrid vehicles, offsetting a 25% EV drop. Its employee pricing program boosted demand.
Elon Musk slams Trump's tax bill as a "disgusting abomination," echoing GOP deficit concerns and potentially complicating its passage in the U.S. Senate.
Global automakers warn China's rare earth export curbs could delay production. German firms join others fearing shutdowns and economic impact without swift action.
ASIC sued Westpac's RAMS unit, alleging it approved home loans using fake payslips from non-existent employers between 2019 and 2023, violating licensing rules.
Wells Fargo is free to grow again as the Fed lifts its $1.95T asset cap after 7 years. Shares rose 2.7% in after-hours trading on the news.
The U.S. dollar has steadied after earlier losses, but FX options traders still bet on more weakness amid U.S. economic worries and trade tensions.
Dutch govt collapses as Geert Wilders quits coalition over immigration rift; PM Schoof calls move irresponsible, others deny lack of support for PVV plans.
Deutsche Bank raised its S&P 500 year-end target to 6,550 from 6,150, citing a strong economy and lower tariff drag, joining other Wall St. upgrades.
Chinese auto dealers urge carmakers to stop oversupplying, as price wars hurt cash flow, cut profits, and force some to close, following govt warning.
U.S. LNG exports fell in May due to outages and maintenance at its top export plant, affecting global supply and potentially impacting LNG prices.
Switzerland is set to propose stricter capital rules for UBS after its 2023 Credit Suisse takeover, sparking a likely long debate in parliament over regulation.
Airbus delivered about 51 jets in May, down 4% year-on-year, with 243 delivered so far in 2025—5% less than the same period in 2024, sources say.
Rising debt worries hit big economies as Moody's cuts the U.S.'s last AAA rating and weak demand for Japan's bonds sparks investor concern.
Apple is challenging an EU order requiring iOS changes to boost compatibility with rival products under the Digital Markets Act's interoperability rules.
India's manufacturing growth hit a 3-month low in May on weak demand, but job creation hit a record high as the economy grew 7.4% last quarter, beating forecasts.
Barclays' head of fintech strategy, Andrew Elphick, is stepping down after 14 years at the bank, marking a key leadership change in its innovation team.
Tesla's upcoming robotaxi rollout is raising public concern, as the company faces falling sales and pressure on Musk to refocus amid a tough year.
Steel stocks in South Korea and Vietnam fell after Trump said U.S. will double steel and aluminum tariffs to 50% starting June 4, escalating trade tensions.
HSBC will invest $4B in its private credit funds to boost alternative lending and aims to build a $50B credit fund in 5 years as traditional lending slows.
UK to spend £1.5B on six weapons factories to boost defense, deter threats like Russia, and support 1,800 jobs, as part of a major strategic defense review.