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Chipmaker AMD announced it will lay off 4% of its global staff as it attempts to consolidate its place in the growing AI chip market that is dominated by rival Nvidia. This announcement means that roughly 1000 of the company’s ...

European mining stocks declined steeply this week, mostly because of a surge in the US dollar and lukewarm details from China’s latest stimulus measures. After Donald Trump's victory in the US presidential election, the dollar soared, putting significant pressure on ...

Bayer's shares dropped on Tuesday from 12.12% to €21.46 as the company reported unimpressive third-quarter results. Net sales for Q3 2024 were down at €10.0 billion, compared to €10.3 billion in the same period last year. Performance was mixed across Bayer’s ...

Bitcoin surged to a record near $81,000, driven by a significant increase in investor interest. Analysts are expecting further gains following the U.S. election, which brought in several pro-crypto candidates. Deribit, a prominent crypto futures platform, reported a massive investment ...

The US Federal Reserve has decided to cut its benchmark rate by 0.25%. This brings the federal funds rate down to 4.5%-4.75%, the lowest since February 2023. This comes after September’s sharper 0.5% cut and reflects a more cautious approach ...

The euro plunged to $1.0740, down 1.75%, marking its worst drop since March 2020. This decline came on the back of a surging U.S. dollar, driven by a Trump victory in the U.S. presidential race. Expectations of lower corporate taxes and ...

Honda reported a 20% drop in profit for the first half of its fiscal year, mainly due to a slowdown in car sales, especially in China. For the period from April to September, Honda’s profits were €2.9 billion, down from ...

Nintendo’s second-quarter ending March 2025 showed a sharp 69% drop in net profit, driven by softening demand for its Switch console, which, at seven years old, is ancient in technology terms.The gaming giant changed its sales forecast for the console, ...

Spain’s economy did well against its eurozone peers with a pleasing 3.4% year-on-year growth in Q3, dwarfing the eurozone average of 0.9%. A lot of this fast growth can be attributed to a pandemic recovery effect, as Spain—heavily reliant on ...

Apple’s fiscal Q4 delivered stronger-than-expected revenue of $94.93 billion, which exceeded Wall Street estimates and delivered a 6% rise in iPhone sales. Despite an impressive performance across its main revenue streams, Apple’s net income took a knock due to a one-time ...

The British oil giant Shell reported adjusted earnings of $6 billion for Q3, beating analyst expectations of $5.3 billion, this despite challenges from lower crude prices and reduced refining margins. The result, while slightly less than the previous quarter’s $6.3 ...

Chinese cell phone giant Xiaomi delivered over 20,000 units of its SU7 electric vehicle (EV) in October, marking a strong start in a market dominated by heavyweights like Tesla, Xpeng, and BYD. With this rapid entry into the EV sector, Xiaomi ...

BP reported its lowest quarterly earnings since 2020, impacted by sliding crude prices and lower refining margins. The British energy giant recorded an underlying replacement cost profit of $2.3 billion for the July-September period, slightly above market expectations of $2.1 ...

The DAX index ticked up 0.2% on Friday, driven by fresh optimism in Germany’s economic landscape, as investor confidence grew with the first positive shift in business sentiment in six months. Top DAX performers included Daimler Truck Holding AG, with ...

The euro has extended its slide against major currencies, with the EUR/USD pair dipping below the crucial 1.08 level—its lowest since early August. Over the past month, the euro has lost over 3% against the US dollar, weakened by economic ...