A powerful and defiant wave of optimism has swept across European markets at the open on Thursday, with stocks surging as investors brazenly shrug off the political chaos of a US government shutdown. The investors have instead choose to focus on a potent cocktail of strong corporate earnings and the…
Tesco, Britain’s largest supermarket group, raised its full-year profit forecast on Thursday after a strong first half in which hot weather and competitive pricing helped it win market share from rivals.The group, which holds 28.4% of Britain’s grocery market, said it now expects adjusted operating profit for the 2025/26 year…
In September, India’s diesel exports to Europe likely reached an unprecedented peak. The surge in exports was driven by traders capitalising on strong profits in Western markets during a period of refinery maintenance, according to data from shiptrackers and trade sources quoted in a Reuters report.In September, Europe received between 1.3…
The European Union is planning to significantly raise tariffs on steel imports, proposing to hike the rate to 50%, a Bloomberg report said on Thursday.The proposed moves aligns the EU’s stance with the United States, which has already imposed heavy tariffs to counter overcapacity and dumping of cheap steel, particularly…
A terrifying attack unfolded outside the Heaton Park Hebrew Congregation Synagogue in Manchester on Thursday morning, leaving four people injured and shocking the local community.As per a Financial Times report, the police shot a suspect who had driven a car into people gathered near the synagogue before launching a stabbing…
Russia’s drone incursions in Poland and Denmark in the past few weeks have raised alarms all across Europe, and now several nations on the continent are mulling over a ‘drone wall’ project.On Thursday, Lithuanian President Gitanas Nauseda asked the United Kingdom to join the ‘drone wall’ project and called it…
The US President has labeled himself a “peacemaker” since his return to the White House. And his 20-point proposal for Gaza really has been a move that could put truth to that label.This 20-point plan is being sold as a roadmap to end the Gaza war, release hostages, and rebuild…
Warren Buffett’s Berkshire Hathaway said Thursday it will acquire Occidental Petroleum’s chemical business, OxyChem, for $9.7 billion in cash, marking its largest takeover since the $11.6 billion purchase of insurer Alleghany in 2022.The deal adds to Occidental’s efforts to reduce its heavy debt burden and signals Berkshire’s willingness to deepen…
OpenAI has become the world’s most valuable startup after closing a secondary share sale that allowed its employees to sell about $6.6 billion worth of stock, according to a Bloomberg exclusive.The deal valued the company at $500 billion, overtaking Elon Musk’s SpaceX and establishing OpenAI as the top privately held…
Alibaba stock price continued it strong rally in Hong Kong after JPMorgan analysts boosted their target. BABA shares have jumped in the last four consecutive weeks and are trading at the highest level since August 2021. They have soared by nearly 200% from the lowest level in 2024. JPMorgan analysts have…