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Xiaomi marked its 15th anniversary with an ambitious double play: a high-performance electric SUV and a self-designed 3-nanometer smartphone chip, both unveiled at a livestreamed event in Beijing. The YU7 SUV, promising a driving range of 835 kilometers on a single ...

Bitcoin surged past $111,000 on Thursday, hitting a record high of $111,886 before settling just above $111,500, up 3% for the single day. Unlike past rallies that had been driven by volatility and rapid price swings, this climb has been steadier, ...

Yields on U.S. Treasurys shot up on Wednesday, with the 30-year yield crossing the 5% mark and the 10-year pushing past 4.5%, as mounting deficit concerns and political friction over a new tax bill shook investor sentiment. The 30-year bond yield ...

Shares of Contemporary Amperex Technology Co Limited (CATL), the world’s largest EV battery producer, leapt by as much as 18% in their Hong Kong trading debut, marking the biggest IPO of the year. The firm raised $4.55 billion, confirming investor confidence ...

Trading algorithms have long played a role in global markets, but advances in artificial intelligence are rapidly outpacing regulatory frameworks. While traditional bots simply executed predefined strategies, today’s AI-powered trading agents can autonomously learn from market behaviour, synthesise large volumes of ...

Japan’s economy shrank by an annualized 0.7% in the first quarter, wiping out the 2.4% expansion recorded at the end of 2024. The contraction, worse than expected, was driven by a 2.3% fall in exports as U.S. tariffs under the Trump ...

Alibaba shares dropped 5% in U.S. premarket trading on Thursday after the Chinese e-commerce giant missed expectations for both revenue and profit in its fiscal fourth quarter. Revenue came in at $32.6 billion, narrowly missing forecasts. However, net income was as ...

Nvidia shares surged 5.6% on Tuesday after the announcement of a major US-Saudi artificial intelligence investment initiative led by President Trump and Crown Prince Mohammed bin Salman. Despite this rally, Nvidia’s stock remained 4.5% lower year-to-date as of the 13 May ...

Canada’s unemployment rate shot up to 6.9% in April, marking the highest level in six months as US-imposed tariffs on steel, aluminum, and automobiles has begun to bite. Statistics Canada reported a 0.2% increase in unemployment from March, largely driven by ...

In a move that sent global markets soaring, the United States and China agreed to a major rollback of tariffs for an initial 90 days, offering the first real de-escalation in a trade war that has shaken economies across the ...

The Bank of England has trimmed its benchmark interest rate by 25 basis points, bringing the cost of borrowing down to 4.25%. This makes it the fourth reduction since August, signalling growing confidence that inflation has been tamed enough to justify ...

Bitcoin surged past $99,000 on Thursday, nearing the symbolic $100,000 mark for the first time since February, after news broke of a finalized trade agreement between the United States and the United Kingdom. The world’s biggest cryptocurrency rose over 3% to ...

Tesla is in big trouble in Europe. This comes just as the continent’s appetite for electric vehicles is growing again. In April, Tesla’s sales dropped sharply in key markets—62% in the UK, 67% in Denmark, 74% in the Netherlands, 33% in ...

Major automakers are pulling financial forecasts as tariff uncertainty muddies the global automotive waters. Stellantis, Mercedes-Benz, General Motors, Volvo, and Volkswagen have all hit pause on their annual investor guidance, citing uncertainty stemming from US trade policy. Stellantis, which oversees brands from ...

Oil prices slumped to their lowest level in over three years as OPEC+ pushed ahead with big production increases just as global demand gets weaker from rising trade tensions. Brent futures slid by 4.6% to $58.50 per barrel in early Monday ...