China’s export sector has withstood five months of record-high US tariffs, pushing the country toward a projected $1.2 trillion trade surplus. Instead of retreating, manufacturers have redirected shipments to India, Africa, Southeast Asia, and Latin America, surpassing pandemic-era highs. The redirection has lifted demand for Chinese goods across multiple regions,…
The US HIRE Act is shaking things up for India’s IT industry. Basically, it puts a 25% tax on outsourcing payments, which means American companies might think twice before sending work offshore. For India, that’s a big deal because a lot of IT firms, freelancers, and startups depend on US…
Shares in Orsted surged 9% on Tuesday after a US federal court on Monday allowed the Danish energy company to resume construction of its nearly completed Revolution Wind offshore project, which had been halted by the Trump administration last month.The decision marked a significant victory for Orsted, removing immediate financial…
European markets opened higher on Tuesday, driven largely by gains in renewable energy stocks. Investors reacted strongly to a US court decision that allowed Danish company Orsted to resume construction of its stalled offshore wind project in Rhode Island. The ruling sent Orsted shares sharply higher and sparked momentum across…
Shares in ASM International fell on Tuesday after the Dutch supplier of semiconductor-manufacturing equipment revised its full-year forecast, citing weaker-than-expected demand in the final months of the year.The stock slipped 2.4% to 488.50 euros in early European trading, extending its year-to-date decline to 13%.The Amsterdam-listed company now expects full-year revenue…
Germany’s private sector registered its fastest expansion in 16 months in September, driven by a rebound in services that balanced out continued weakness in manufacturing. The latest S&P Global Composite Purchasing Managers’ Index (PMI) climbed to 52.4 from 50.5, beating analysts’ expectations of 50.7 and moving further above the 50…
Bitcoin, Ethereum, and Dogecoin are quietly bouncing back after a challenging “Red September” plunge that shook crypto markets worldwide. BTC is trading above $113,000, showing signs of stabilisation but still below its summer highs. Ethereum hovers around $4,200, supported by growing institutional interest and optimism around upcoming network upgrades. Dogecoin, pegged near $0.2419,…
Global markets opened Tuesday with a mix of cautious optimism and lingering uncertainty. Asian stocks showed uneven gains as investors weighed tech momentum against regulatory concerns, while crypto markets attempted a tentative recovery after a $1.7 billion sell-off rattled confidence. Meanwhile, geopolitical tensions escalated with the UK warning of Russian…
Intel shares faced a downgrade from Citigroup despite the buzz around its recently announced partnership with Nvidia, which shook the markets with a $5 billion investment in Intel.Citi’s analysts cut Intel’s rating from Neutral to Sell and raised the price target slightly to $29 but flagged several concerns about the…
Turkey is about to make a big investment in both its sky and defense forces.President Recep Tayyip Erdogan is planning to buy hundreds of Boeing planes for Turkish Airlines and also pick up a batch of Lockheed Martin fighter jets, a Bloomberg report said on Tuesday.This deal is part of…