Microsoft will cut nearly 4% of its 228,000 staff to curb costs amid big AI spending, after already laying off ~6,000 in May.
Kenya plans IPOs to privatize state assets, starting with Kenya Pipeline on the Nairobi exchange this year, President Ruto told the London Stock Exchange.
UK house prices fell 0.8% in June, the biggest drop since Feb 2023, after tax breaks ended. Demand may rebound over summer despite economic worries.
Nissan recalls 443,899 U.S. vehicles over engine defects that may cause failure and raise crash risk, per U.S. auto safety agency.
Australia's retail sales stalled in May for a 4th month as food sales fell, boosting chances of an RBA rate cut and dimming hopes for stronger consumption.
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.
ABB launches three new robot lines in China to tap growing automation demand, targeting electronics, food, and metals sectors for tasks like polishing, placing.
Senate GOP passes Trump's tax and spending bill, slashing taxes, cutting social programs, raising military spending, adding $3.3T debt; heads to House.
Bolivia's crypto transactions surged 530%, hitting $294M in H1 2025 vs. $46.5M in H1 2024.
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.
Tesla's sales dropped for the 6th month in Sweden & Denmark. In Sweden, June registrations plunged 64.4% YoY, highlighting rising competition & Musk backlash.
U.S. Secretary of State Rubio meets Australian, Indian, Japanese counterparts to strengthen ties against China despite trade tensions.
Renault to book €9.5B ($11.2B) loss on Nissan stake in H1 after changing accounting method according to the French carmaker.
Equinor and partners approve $1.29B expansion of Johan Sverdrup, western Europe's largest oilfield, boosting output.
1MDB liquidators sue Standard Chartered in Singapore, alleging it aided fraud causing $2.7B losses, as part of efforts to recover stolen 1MDB funds.
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.
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.
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.
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.
BIS warns trade tensions and geopolitics threaten global finance. Chief Carstens says U.S.-led trade wars are unraveling the long-standing economic order.
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.
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
BNP Paribas will acquire HSBC's custody and depositary business in Germany, transferring services to BNP's Securities Services division in the country.
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.