Australia announced on Tuesday a financial aid package of A$135 million ($87.4 million) for two Nyrstar-owned smelters, a subsidiary of Trafigura. The initiative aligns with Australia’s goal of becoming a crucial supplier of critical minerals to Western allies, according to a Reuters report.Australia’s critical minerals pushAmid increasing concerns about supply chain…

Ageing coal and gas-fired power plants across Europe are being eyed by major tech companies like Microsoft and Amazon for a high-tech transformation. These companies plan to repurpose the plants as data centers, leveraging their existing infrastructure for power and water access, Reuters said in a report.European energy companies, including France’s…

BP on Tuesday reported a stronger-than-expected second-quarter profit of $2.35 billion, exceeding analysts’ projections and highlighting a return to form amid ongoing global energy price volatility. The figure, based on BP’s preferred measure of underlying replacement cost profit, topped the $1.81 billion consensus forecast compiled by LSEG and marked a…

European stock markets started Tuesday’s session on a positive note, with major indices advancing as investors shifted their focus from last week’s tariff updates to a busy calendar of corporate earnings. A stronger-than-expected profit report from oil giant BP provided a significant boost to market sentiment, helping the regional Stoxx…

Private equity giant KKR has increased its bid for British scientific instruments maker Spectris to approximately £4.2 billion ($5.58 billion), intensifying a takeover battle with rival Advent International. The revised offer, which values Spectris shares at £41.75 each including a 28 pence interim dividend for fiscal 2025, is 1.8% higher…

Diageo, the world’s largest spirits company, on Tuesday posted a stronger-than-expected profit for the fiscal year ended June 2025, sending its shares up over 6% in early London trading.The British beverage group also forecast flat full-year sales for its 2026 financial year, helping calm investor nerves following months of uncertainty…

US stocks have been in a sharp uptrend since early April, but a Wall Street veteran, Tom Lee, says they are poised to extend gains further in the weeks ahead.Historically, the month of August brings weakness in the benchmark S&P 500 index – but the head of research at Fundstrat…

Palantir Technologies Inc (NASDAQ: PLTR) is trading at record levels of about $170 in premarket after reporting more than $1.0 billion in quarterly revenue for the first time since its inception in 2003.PLTR shares are now trading at an eye-watering price-to-earnings (P/E) ratio of nearly 450. Still, Piper Sandler analyst…