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Apple is still under pressure to deliver meaningful AI progress as rivals like Google and OpenAI race ahead. Last month’s WWDC was expected to showcase advances in Apple Intelligence, but the event left both Wall Street and consumers underwhelmed. The improved Siri, ...

The US dollar is suffering its steepest first-half fall in over 50 years, down 10.8% against a basket of currencies in 2025. Global investors are unwinding dollar positions as Trump’s tariff-driven policies, record debt levels, and attacks on Federal Reserve independence ...

Singapore has rolled out tougher anti-scam measures, giving police the authority to seize bank accounts and block money transfers if they suspect someone is the victim of a scam, including FOREX and crypto-related scams. The move follows a worrying surge in ...

Eurozone inflation nudged back to 2% in June, marking the first rise since January and keeping the European Central Bank on alert. Consumer prices rose 2% year-on-year, up from 1.9% in May, matching forecasts. Monthly inflation accelerated to 0.3%, after staying ...

Europe’s defence industry is booming, with job growth in the sector leaving the broader labormarket behind. EU countries have ramped up defence spending by over 30% since 2021, climbing from €214 billion to €326 billion by 2024, according to the ...

Nike’s difficult year ended with more disappointing numbers, as revenues fell 10% to $46.3 billion and net income slumped 44% to $3.2 billion for the fiscal year ending May 2025. The final quarter was even worse, with revenue down 12% to ...

The US dollar slumped to a three-year low after reports emerged that Donald Trump will likely accelerate the announcement of his pick to replace Federal Reserve Chair Jerome Powell. Trump, who has clashed with Powell over interest rate policy, is reportedly ...

Tesla’s European sales took another hit in May, marking the fifth consecutive monthly decline for the US-based electric vehicle maker. According to data from the European Automobile Manufacturers Association, Tesla registered just 13,863 new cars across the EU, UK, and EFTA ...

The eurozone economy showed little momentum in June, with business activity stagnating and PMI figures missing market expectations. The composite PMI for the bloc held steady at 50.2, just above the line separating growth from contraction, but short of the anticipated ...

Oil markets opened the week sharply higher after US strikes on three Iranian nuclear sites late Saturday, marking a significant escalation in Middle East tensions. US crude futures climbed 2.7% to hover near $75.80 per barrel, while Brent, the global benchmark, ...

As trade tensions simmer between the EU and Washington, German and French aerospace industries have closed ranks on a key issue: retaliatory tariffs must focus on complete US aircraft and helicopters, not critical spare parts. With the European Commission weighing ...

In a week of global monetary policy announcements, central banks revealed contrasting monetary strategies. The U.S. Federal Reserve held its benchmark interest rate steady at 4.25%–4.5%, keeping it unchanged since December. However, policymakers still anticipate two rate cuts in 2025, despite ...

European markets opened Tuesday under heavy pressure as rising oil prices and escalating Middle East tensions rattled global investors. Crude prices added 87 cents early in the session, with Brent reaching $74.10 per barrel and US benchmark crude climbing to $72.64. ...

In one of Europe’s largest banking deals in recent memory, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The transaction values the Portuguese lender at €6.4 billion and marks BPCE’s entry ...

Oil markets surged on Friday after hostilities involving Israel and Iran, sending Brent crude up over 10% at one point before closing the day 7% higher at $74.23 per barrel. While that’s still more than 10% below prices seen a year ...