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Eurozone inflation increased to 2.6% year-on-year in July, slightly up from 2.5% in June. This rise beat initial economist estimates of 2.4% and reinforced concerns about persistent inflationary pressures within the bloc. Core inflation, which excludes volatile items such as energy ...

The European Union has revised its planned tariffs on Chinese electric vehicles (EVs), reducing the import duties on Tesla vehicles manufactured in China to 9%, down from an originally proposed 20.8%. This decision follows Tesla's request to adjust the tariffs ...

Gold prices have reached historic highs, driven by expectations of lower interest rates and growing demand for safe-haven assets. In contrast, base metals like copper have faltered due to sluggish economic growth, particularly in China. Last Friday, gold spot prices soared ...

Germany's economic sentiment sharply declined in August, as the respected ZEW Economic Sentiment Index dropped from 41.8 points in July to 19.2 points. This 22.6-point plunge reflects growing pessimism about the country’s economic outlook, which extends across the eurozone. The broader ...

Japan's economy saw a robust recovery in the second quarter, expanding at an annualized rate of 3.1%, far surpassing the anticipated 2.1% growth. This rebound followed a revised 2.3% contraction in the first quarter, driven by a strong rise in ...

The British pound retreated after weaker-than-expected July inflation data signaled the potential for further interest rate cuts by the Bank of England. The pound fell by 0.22% against the US dollar and 0.18% against the euro. The data showed a ...

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 ...