News

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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.

Wed, 02 Jul 2025 06:30:05 GMT

Crypto transactions in Bolivia rise

Bolivia's crypto transactions surged 530%, hitting $294M in H1 2025 vs. $46.5M in H1 2024.

Wed, 02 Jul 2025 03:30:05 GMT

Japan stands her ground on U.S. tariff talks

Japan won't compromise its farm sector in U.S. tariff talks, its top negotiator said, after Trump criticized Japan for not buying American rice.

Tue, 01 Jul 2025 21:30:04 GMT

Tesla's sales in Sweden & Denmark fall

Tesla's sales dropped for the 6th month in Sweden & Denmark. In Sweden, June registrations plunged 64.4% YoY, highlighting rising competition & Musk backlash.

Tue, 01 Jul 2025 18:30:03 GMT

The U.S. hosts trade partners to strengthen cooperation

U.S. Secretary of State Rubio meets Australian, Indian, Japanese counterparts to strengthen ties against China despite trade tensions.

Tue, 01 Jul 2025 15:30:03 GMT

Renault loses in Nissan

Renault to book €9.5B ($11.2B) loss on Nissan stake in H1 after changing accounting method according to the French carmaker.

Tue, 01 Jul 2025 12:30:04 GMT

Equinor expands

Equinor and partners approve $1.29B expansion of Johan Sverdrup, western Europe's largest oilfield, boosting output.

Tue, 01 Jul 2025 09:30:03 GMT

Standard Chartered sued in Singapore

1MDB liquidators sue Standard Chartered in Singapore, alleging it aided fraud causing $2.7B losses, as part of efforts to recover stolen 1MDB funds.

Tue, 01 Jul 2025 06:30:07 GMT

Inflation in Germany falls

Germany's inflation fell to 2% in June, hitting ECB's target. ECB likely to cut rates again in Sept to 1.75% as eurozone inflation stays near goal.

Tue, 01 Jul 2025 03:30:04 GMT

Canada removes digital tax

Canada dropped its digital tax on U.S. tech firms hours before rollout to revive trade talks. Carney, Trump aim for a deal by July 21, per Canada's finance ministry.

Mon, 30 Jun 2025 21:30:05 GMT

UK economy expands

Britain's economy expanded 0.7% in the first three months of 2025, the Office for National Statistics said on Monday, confirming a preliminary estimate.

Mon, 30 Jun 2025 18:30:04 GMT

Japan's production output rises

Japan's factory output rose just 0.5% in May, missing forecasts of 3.5%, as U.S. tariffs threaten to derail its fragile recovery, METI data showed.

Mon, 30 Jun 2025 15:30:19 GMT

Trade tensions may harm global finance

BIS warns trade tensions and geopolitics threaten global finance. Chief Carstens says U.S.-led trade wars are unraveling the long-standing economic order.

Mon, 30 Jun 2025 12:30:04 GMT

Elon Musk not a fan of the new bill

Elon Musk called the new U.S. Senate tax and spending bill "utterly insane," saying it would destroy millions of jobs and cause huge harm to America.

Mon, 30 Jun 2025 09:30:05 GMT

UK regulator to minimize rules on investment advice

Britain's financial regulator is set to relax regulations, making it easier for firms to provide customers with support around pensions and investments—a move welcomed by the industry

Mon, 30 Jun 2025 06:30:06 GMT

BNP Paribas acquire HSBC

BNP Paribas will acquire HSBC's custody and depositary business in Germany, transferring services to BNP's Securities Services division in the country.

Mon, 30 Jun 2025 03:30:05 GMT

Barclays CEO sees positive signs for the new tax bill

Barclays CEO welcomed signs U.S. Republicans may drop the Section 899 tax, calling it a positive move for UK firms like Barclays investing in the U.S.

Fri, 27 Jun 2025 21:30:04 GMT

EU regulators criticized by Meta

Meta criticized EU regulators for shifting rules, saying it's been unfairly targeted despite making major changes to comply with pay-or-consent model orders.

Fri, 27 Jun 2025 18:30:04 GMT

Dollar slides

The U.S. dollar hits a 3-year low as markets fret that President Trump may replace Fed Chair Powell, fueling expectations of a more dovish monetary policy.

Fri, 27 Jun 2025 15:30:05 GMT

Hedge funds push leverage higher

Hedge funds increased leverage to almost 300%, the highest since 2020, buying bank, trading, and insurance stocks ahead of U.S. Fed decisions and geopolitical risks

Fri, 27 Jun 2025 12:30:04 GMT

Nike to move China based manufacturing

To counter U.S. tariffs, Nike plans to reduce dependency on China-based manufacturing for its U.S. market, boosting its stock by 11%

Fri, 27 Jun 2025 09:30:04 GMT

U.S GDP revised lower

U.S. GDP fell 0.5% in Q1, revised down from 0.2%, as consumer spending slowed. Tariffs are seen as a key factor behind the weaker economic performance.

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