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Turkey’s central bank lowered its benchmark interest rate by 2.5 percentage points to 42.5% on Thursday, marking its third consecutive cut. The move follows a decline in annual inflation, which fell to 39.1% in February from 42.1% the previous month, its ...

Alibaba’s latest move in the artificial intelligence race has sent its shares surging, with Hong Kong-listed stock closing 8% higher following the announcement of its new AI reasoning model, QwQ-32B. The news also lifted the Hang Seng China Enterprises Index, which ...

President Donald Trump’s decision to impose 25% tariffs on imports from Canada and Mexico, alongside doubling duties on Chinese imports from 10% to 20%, has triggered immediate retaliation. China responded with a 15% tariff on key US agricultural products like wheat, ...

European defense stocks soared Monday as investors braced for a surge in military spending across the continent. The STOXX Europe Total Market Aerospace & Defense index jumped 7.9% by early afternoon, its biggest one-day gain in five years, pushing its ...

Global markets took a hit after President Donald Trump stressed plans to impose a 25% tariff on imports from the European Union, reigniting fears of a trade war. European stocks opened lower on Thursday, with the STOXX 600 slipping 0.7%, Germany’s ...

Bitcoin’s brutal selloff continued Friday, briefly dipping below $80,000 as market jitters and trade tensions fueled further risk aversion. The digital asset recovered slightly to $81,539.64, down 1.9% on the day, after hitting an overnight low of $78,226.23. With a 14% ...

Tesla’s stock took an 8% dive on Tuesday, dragging its market capitalization below the $1 trillion mark for the first time since November. The sharp decline followed data showing Tesla’s European sales collapsed by 45% in January, a stark contrast to ...

US stocks tumbled after Walmart, the world’s biggest retailer, warned that 2025 could be a rough ride. The company expects sales growth to slow as consumers pull back, raising concerns that spending—the backbone of the US economy—may be running out ...

Bitcoin prices have fallen below $90,000 as broader market weakness dragged on crypto sentiment. The leading cryptocurrency dropped 5% to $89,122, hitting an intraday low of $87,736, according to Coin Metrics. With this latest decline, Bitcoin now sits nearly 20% below ...

Berkshire Hathaway ended 2024 with a major surge in operating earnings, driven by a stellar performance in insurance, while its cash reserves swelled to a record-breaking $334.2 billion. The conglomerate, led by Warren Buffett, saw operating profit jump 71% in the ...

Rivian Automotive, the upstart US electric vehicle maker, saw its stock dip 3% in premarket trading on Friday, despite delivering its strongest quarter yet. The automaker reported record Q4 revenue, driven by robust regulatory credit sales and an uptick in ...

Alibaba shares soared in premarket trading after the Chinese tech giant reported a robust quarterly profit fueled by strong performance in its Cloud Intelligence unit and e-commerce operations. Net income surged to $6.72 billion for the December quarter, surpassing analyst expectations ...

The UK’s inflation rate surged to 3% in January, exceeding analyst forecasts of 2.8%, as reported by the Office for National Statistics. Core inflation, stripping out energy, food, alcohol, and tobacco, climbed to 3.7%, up from 3.2% in December. The increase ...

Malaysia’s economy grew 5.1% in 2024, driven by strong investment and household spending, despite a slowdown in the commodities sector. The country’s central bank reported that GDP expanded by 5% in the fourth quarter, slightly lower than the 5.3% growth ...

Arm Holdings, the British chip designer known for licensing its processor architecture to companies like Apple, Nvidia, and Qualcomm, is reportedly set to manufacture its own chips in 2025. This shift is a major pivot from its traditional business model ...