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Puma’s stock dropped 17% after the company slashed its full-year outlook and flagged a likely operating loss in 2025, citing U.S. tariffs and internal struggles. Second-quarter sales fell 2% year-on-year to €1.94 billion, missing analyst expectations of €2.06 billion. Operating profit ...

In all of the growing economic uncertainty and a changing geopolitical order, the EU and Japan are strengthening their trade alliance as protection against pressure from both China and the US. At the 30th EU–Japan summit in Tokyo, leaders promised to ...

Singapore’s inflation rate held at 0.8% in June, maintaining its lowest level since early 2020 and coming in just below economists’ forecast of 0.9%. Core inflation, which excludes private transport and housing, remained unchanged at 0.6%, reinforcing expectations that the Monetary ...

Despite the STOXX Europe 600 edging past the S&P 500 in year-to-date gains, the market cap of Europe’s top seven listed firms—SAP, Novo Nordisk, Hermès, ASML, LVMH, Roche, and Nestlé—remains stagnant at $2.2 trillion. Meanwhile, the US’s so-called Magnificent Seven—Nvidia, Microsoft, ...

Gold extended its gains at the start of the week as the dollar softened, with spot prices rising 0.6% to $3,368.39 per ounce and U.S. gold futures edging up 0.5% to $3,376. The dollar index slipped 0.1%, making gold more ...

The United States has passed its first national crypto legislation, marking a turning point for the digital asset industry. The Genius Act, which focuses on regulating stablecoins, was passed by the House on Thursday following Senate approval last month and ...

TSMC reported a standout quarter, with net revenue jumping nearly 39% year-on-year to $31.7 billion, surpassing analyst expectations. Net income surged by 61%, driven by booming demand for artificial intelligence chips, particularly advanced processors below 7nm in size. These high-efficiency chips now ...

China’s economy maintained steady momentum in the second quarter, expanding by 1.1% from April to June and hitting an annualized growth rate of 5.2%, according to the National Bureau of Statistics. That keeps the country comfortably on course to meet its ...

Investor confidence in Germany surged in July, with the ZEW Economic Sentiment Index hitting 52.7, which was its highest reading since February 2022 and well above the consensus forecast of 50.3. The gain from June’s 47.5 reflects renewed optimism around potential ...

Bitcoin surged past $120,000 this week, reaching a high of $122,600, as institutional capital continued to pour into crypto-backed ETFs. The move followed a record-setting day of ETF inflows, with $1.18 billion entering the market on Thursday alone, marking the ...

Nvidia became the world’s first publicly traded company to hit a $4 trillion valuation this week, edging past tech giants Apple and Microsoft. Its stock climbed 2.76% during Wednesday’s session before closing up 1.8%, putting its market cap just shy of ...

Shares of WK Kellogg surged over 56% in after-hours trading following reports that Ferrero, the Italian confectionery heavyweight, is closing in on a $3 billion acquisition of the US cereal brand. If confirmed, the deal would more than double Kellogg’s current ...

U.S. President Donald Trump has reignited global trade tensions by announcing a blanket 10% tariff on any country aligning itself with BRICS (traditionally Brazil, Russia, India, China, and South Africa) policies that he claims undermine American interests. Last year, the list ...

A new oil pipeline running to British Columbia’s coast looks increasingly likely to join Canada’s fast-track list of nationally significant projects, according to Prime Minister Mark Carney. This comes as Canada looks to speed up major projects aimed at strengthening its ...

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, ...