Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This marks the steepest decline for these stocks in nearly a year, triggered by new economic data and evolving expectations about […]
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
In a sign of a cooling labor market, U.S. job openings have fallen to their lowest level in over three years, according to the latest data from the Labor Department
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
The software giant’s market capitalization rose to $2.89 trillion at the close of trading, edging out Apple’s $2.87 trillion valuation. The last time Microsoft was worth more than Apple was in November 2021, when both companies briefly crossed the $1 trillion mark.
Argentina and the International Monetary Fund (IMF) have reached a staff-level agreement to revamp the country’s $44 billion loan program, unlocking about $4.7 billion in funding and paving the way for a new debt deal with the lender.
The Red Sea crisis, which began in October 2023 when Yemen’s Houthi rebels launched a series of attacks on Israeli and international shipping vessels, has shown no signs of abating, despite mounting pressure from the United Nations and regional powers.
The New York Times Company has filed a lawsuit against OpenAI and Microsoft, accusing them of using millions of its articles to train artificial intelligence chatbots without permission or compensation.
Apple, the world’s most valuable company, is facing a potential ban on some of its popular smartwatches in the United States, after a trade tribunal ruled that they infringed on patents held by a medical device maker.
The FTSE 100, Britain’s benchmark stock index, rose to its highest level in three months on Wednesday, as investors welcomed a surprise drop in inflation that eased pressure on the Bank of England to raise interest rates.
Chinese leaders pledged to boost domestic consumer demand and tackle the country’s real estate crisis following a key meeting that laid out next year’s economic priorities.
Despite the challenges posed by inflation and supply chain disruptions, American consumers showed their resilience and optimism by spending a record amount online on Black Friday, the unofficial start of the holiday shopping season.
The summit, hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aimed to attract greater global capital to UK companies and markets, as well as to highlight the country’s role as a science and tech superpower.
Zhongzhi Enterprise Group, one of China’s largest shadow banks, has declared itself “severely insolvent” and warned of the risk of maintaining normal operations, leaving tens of billions of dollars in losses for its investors.
