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U.S.-listed Chinese electric vehicle (EV) maker Zeekrhas unveiled a new battery technology that charges significantly faster than current offerings from competitors like Tesla. The new batteries, set to debut in Zeekr's 2025 007 sedan, can charge from 10% to 80% ...

U.S. Treasury yields rose on Monday as investors focused on upcoming inflation data and other critical economic reports scheduled for the week. By Monday morning, the yield on the 10-year Treasury increased by more than 1 basis point to 3.953%, ...

The British pound is under pressure after its longest losing streak in nearly a year, with the GBP/USD pair falling over 2% since mid-July, when it peaked at a one-year high of 1.30. As of Friday morning, the pair was ...

The recent rally in Japanese stocks has lost momentum as concerns over a potential US economic slowdown and yen volatility overshadow global financial markets. The Nikkei 225 fell by 0.7% on Thursday, ending a two-day streak of gains. At the ...

The euro has surged to an eight-month high, reaching an exchange rate of 1.1 against the US dollar, before settling slightly above 1.09. This rise confirmed the euro’s role as a safe haven during global market turmoil.Historically, the euro has ...

Oil giant Saudi Aramco reported a net profit of $29.1 billion for the second quarter, reflecting a slight decline of over 3% compared to the same period last year due to reduced crude production volumes. The company's net income for the ...

US stock futures are set for a sharp decline on Monday for the third consecutive session as investor anxiety about the US economy intensifies. The July jobs report, revealing an unexpected rise in the unemployment rate to 4.3%, has heightened ...

The Bank of England (BOE) has cut interest rates for the first time since the pandemic, reducing the benchmark from 5.25% to 5%. This move, marking a significant shift after the longest series of rate hikes in a century, comes ...

Qualcomm's third-quarter earnings beat Wall Street expectations, driven by a solid 12% year-over-year increase in smartphone chip sales, its biggest and most critical business segment. The company's overall revenue for the quarter reached $9.39 billion, exceeding the anticipated $9.22 billion, while ...

This year's orange harvest in Brazil, the world's largest exporter of orange juice, is projected to be the worst in 36 years due to severe flooding and drought.Orange juice prices have historically been volatile, fluctuating with the supply of oranges ...

McDonald’s has reported its first global sales drop in over three years as inflation-conscious consumers opt for cheaper alternatives and cut back on dining out. The fast-food giant saw a 1% decrease in worldwide sales during the April-June period, marking ...

Major tech earnings from Tesla and Alphabet are weighing on Wall Street, with futures indicating a lower opening on Wednesday. This negative sentiment is expected to extend to European markets.Tesla's shares dropped over 7% in extended trading following disappointing second-quarter ...

Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Despite these financial setbacks, ...

Inflation has driven hotel prices and travel costs in Türkiye to unprecedented levels, prompting a surge of Turkish tourists to Greece. Turkey experienced a staggering 75.4% inflation rate in May, largely due to soaring costs in hotels, cafes, and restaurants. ...

Spot ether exchange-traded funds (ETFs) are set to begin trading on Tuesday, sparking hope among crypto enthusiasts that it will broaden the investor base for Ethereum. These ETFs will invest directly in ether, the cryptocurrency used in the Ethereum network, ...