UniCredit offers a modest bid to pass 30% stake, aiming to start merger talks despite German government opposition.
US consumer staples are losing their "safe haven" status as record-high valuations meet dimming profit outlooks. Inflation from the Iran war is squeezing margins, with sector earnings growth now expected at just 1.9%.
The EU is drafting emergency measures, including gas price caps and tax cuts, as the Iran war and Strait of Hormuz closure drive gas prices up 50%.
Foxconn reported a 2% dip in Q4 profit, significantly missing the estimate as the iPhone and AI server giant faces headwinds.
African nations are banning raw mineral exports to force local processing. Zimbabwe's early lithium ban is squeezing Chinese supply chains and hiking global prices.
BP issued a revised contract after 98% of union workers rejected its "final" offer. The new proposal cuts lump-sum payments and removes retroactive pay raises.
Micron is building a second facility at its new Tongluo site to boost HBM and AI chip supply. Construction begins by late fiscal 2026 to meet surging demand.
Apple's MacBook Neo is its most repairable laptop since 2012. While it uses screws over glue, soldered RAM remains a hurdle for future-proofing AI performance.
Global EV registrations fell 11% in February to around 1 million units, hit by the end of subsidies. While Europe grew 21%, sales plummeted 32% in China and 35% in North America.
Chinese developer Sunshine 100 will oppose a HK winding-up petition over $205M in unpaid debt. The board argues the legal action threatens the firm's overall value.
Vietnam overtook China and Mexico in January with a record $19B trade surplus with the US. Exports jumped 53%, fueled by a shift away from Chinese goods and suspected shipments.
Shantanu Narayen will exit as CEO after 18 years, sending shares down 7%. Despite beating Q1 estimates, investors fear AI disruption and rising competition.
Yielding to regulatory pressure, Apple is slashing App Store commissions in China from 30% to 25%. The move should save developers $873M annually.
PM Albanese will send an E-7A Wedgetail and missiles to the UAE. While Australians were on a US sub that sank an Iranian ship, he insists role is purely defensive
Toyota Motor Corporation is recalling 550,000 Toyota Highlander and Toyota Highlander Hybrid SUVs in the U.S. due to a seat-back defect that may fail to lock, raising injury risk.
SoftBank's PayPay plans to price its U.S. IPO near the low end due to market volatility, despite strong investor demand and backing from Tencent, Alipay, and Google.
Lower U.S. tariffs spark quick shipments from China, but many firms stay cautious, fearing tensions and tariffs could return soon.
Iran and Russia are using crypto to bypass sanctions at scale. The IRGC moved $3B in 2025 to fund proxies, while Russia's A7A5 stablecoin processed $93B for trade.
Meta and global police hit Asian scam hubs, disabling 150k accounts and arresting 21. New Facebook and WhatsApp alerts now flag suspicious activity to users.
ABB teams up with Nvidia to improve factory robot training using AI simulations, aiming to cut costs and speed up product launches.
MSC Mediterranean Shipping Company will impose emergency fuel surcharges on cargo routes from the Mediterranean and Black Sea to the Red Sea, East Africa and the Indian subcontinent due to rising fuel costs.
Chinese companies like BYD and Geely plan to launch low-cost electric trucks in Europe, potentially undercutting rivals like Volvo Group by up to 30%
Renault aims to boost sales 23% by 2030 with 36 new models and a stronger push into overseas markets to compete with rivals like BYD and Chery.
UK households using heating oil face bills nearly tripling after the Iran–Israel conflict escalation 2026, as rising global oil prices push heating oil costs sharply higher.