Last news

Solar energy use in the U.S. is rapidly expanding, outpacing all other electricity sources amid rising power demand. Despite criticism from the fossil fuel industry, which argues that renewables still make up a small portion of total power generation...

The Bank of England (BOE) is poised to maintain its current interest rates despite the U.K. achieving its 2% inflation target for the first time in nearly three years. As of Wednesday morning, the milestone was seen as a significant economic ind...

In a sign that even companies in the growing EV market can fail, Fisker, a US-based electric vehicle startup, filed for bankruptcy on Tuesday. The announcement followed a series of financial and operational setbacks. The company had previously w...

In a notable turn of events, London has regained its status as Europe's premier equity market, overshadowing France, which has been plunged into turmoil by political uncertainty. The French benchmark index, the CAC 40, experienced a significant...

On Thursday, Apple surpassed Microsoft to become the most valuable public company in the United States, driven by significant announcements at its annual Worldwide Developers Conference. Among the highlights were new generative AI features for i...

European stock markets rebounded strongly after facing losses earlier in the week, following the release of U.S. Consumer Price Index (CPI) data. Despite opening lower on Thursday, with France's CAC 40, Germany's DAX, and London's FTSE 100 all in the...

No sooner had Chinese EV makers started to make headway in Europe than the European Union announced that it would impose higher tariffs on Chinese EVs, citing unfair subsidies that threaten the EU's EV industry. The EU bloc concluded that Chines...

Several European countries, including Hungary, Poland, Italy, and Spain, are intensifying efforts to attract Chinese electric vehicle (EV) manufacturers by offering lucrative incentives. The European Commission has expressed concerns about the i...

The euro has experienced a significant drop, hitting new lows against major currencies. The plunge follows French President Emmanuel Macron's call for a snap election in response to a surge in support for the far-right National Rally party. Across Eu...

In a significant shift in monetary policy, the Bank of Canada (BoC) has reduced its key policy rate by 25 basis points to 4.75%, marking the first rate cut in four years. Many anticipated this decision, which comes as the bank notes positive tre...

Robinhood Markets has made a significant move to expand its crypto offerings by agreeing to acquire Bitstamp, a leading cryptocurrency exchange, for approximately $200 million in cash. This deal, Robinhood's largest to date, underscores the comp...

Despite the OPEC+ alliance's announcement of extended supply cuts, oil prices have plunged below $80 per barrel. The Ice Brent contract for August closed at $77.59, slightly up by 7 cents from Tuesday's close, while the Nymex WTI front-month contract...

Shein, the Chinese fast fashion giant that skyrocketed during the COVID-19 pandemic, is reportedly considering a £50bn (approximately $66bn) initial public offering (IPO) on the London Stock Exchange. The company could file the necessary paperwo...

First, Microsoft and Amazon announced major investments in Southeast Asia. Now, Google has committed $2 billion to establish its first data center and "cloud region" in Malaysia, aiming to bolster the country's digital infrastructure. This signi...

Dell reported first-quarter earnings that surpassed analysts' expectations for both earnings and sales, solidifying its position as a leading vendor for AI-oriented servers. Despite this, Dell shares fell by about 12% in extended trading before recov...