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Danish drugmaker Novo Nordisk is now Europe’s most valuable company, dethroning luxury goods giant LVMH.Shares of Novo Nordisk have spiked 40% so far this year, boosted by soaring demand for its weight-loss drugs Wegovy and Ozempic.Sales of the company’s two ...

At the IAA Mobility car show in Munich, Germany, two auto powerhouses, BMW and Mercedes, showcased their latest electric vehicles (EV) and plans for the future. They're stepping up their game in the electric car world, aiming to tackle competition ...

Nvidia, the world’s leading chipmaker, is having a storming year, largely thanks to the growing interest in artificial intelligence (AI). After announcing a sales increase of 101% from the previous year, reaching $13.5 billion for the quarter that ended in ...

Consumer prices across the Eurozone's 20 nations held steady with a 5.3% year-on-year increase this August, as reported Thursday by Europe's official statistics agency. This inflation rate mirrors July's figures.Although core inflation, which excludes fluctuating costs like food and energy, ...

Crypto assets witnessed a significant surge on Tuesday, following a pivotal US court decision that paves the way for the country's first bitcoin exchange-traded fund (ETF).This landmark ruling serves as a boost for crypto enthusiasts while striking a blowto the ...

Shares of Chinese automaker BYD listed in China jumped more than 5% Tuesday, a day after posting a stellar increase in first-half profit.Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit ...

Shares of China Evergrande Group, the world's most debt-laden property developer, tumbled a staggering 87% upon opening on Monday, marking its first trades since March 21, 2022.Monday saw the stock drop to a paltry 22 Hong Kong cents, a steep ...

In a surprising move on Thursday, Turkey's central bank ramped up its interest rate to a whopping 25%, signalinga departure from the unconventional economic policies of President Recep Tayyip Erdogan.This unexpected 7.5 percentage point hike comes hot on the heels ...

Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker smashed estimates for its fiscal second quarter and issued optimistic guidance for the current period.Revenue in the second quarter doubled from $6.7 billion a year earlier and increased ...

European business activity witnessed a downturn in August, plunging to its weakest since November 2020, according to the data released Wednesday.The flash composite Purchasing Managers’ Index (PMI) for the euro zone took a dip, coming in at 47.0 in August, ...

In the rollercoaster world of cryptocurrencies — marked by price surges, plunges, and regulatory question marks — many regions have opted for strict oversight or outright rejection. Not Hong Kong. The semi-autonomous Chinese city-state is doubling down on its commitment ...

In a notable dip, the UK's annual inflation rate for July hit its lowest in 15 months, anchored by a decrease in energy costs, and aligning with economists' predictions, recent official data revealed.The Office for National Statistics (ONS) reported Wednesday ...

In a striking blow to China's once-dominant property sector, Evergrande Group, once the nation's second-largest property developer, announced its bankruptcy filing in New York this Thursday.Having defaulted on its substantial debts in 2021, Evergrande's financial missteps ignited a property downturn ...

China's economy has hit a rough patch, signalingpossible global challenges. For nearly 20 years, China's economic surge has boosted the world's economy. So, if China's economic pace slows, the remainder of the world will feel its effects.According to the country's ...

Big-box retailer Target missed its revenue mark on Wednesday and cut its yearly revenue predictions as shoppers contended with reduced spending power in the face of high inflation.The retailer also lowered its yearly sales and profit goals. This darker view ...