Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator. At stake in the inquiry is whether Microsoft has unfairly blocked its competitors from signing up users because its Edge…
US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly to slash interest rates.The statement came after the Fed held its key interest rate steady at 4.25% to 4.50%.That decision…
US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as “highly provocative statements” made by Dmitry Medvedev, former Russian president and current Deputy Chairman of Russia’s Security Council.Trump emphasized the…
Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed defined-benefit pension liabilities to refocus on core business activities, the £1.4 trillion ($1.8 trillion) sector has become a lucrative target…
One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for a fifth this week, the overall burden on consumers has grown, underscoring the complexity of easing monetary policy amid lingering…
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…
The highlights of the week in terms of crypto in Latin America are that the US is raising tariffs for Brazil, and the trickle-down effect on how it influences investor behaviour around crypto, as increased economic frictions increase demand for cryptocurrencies like Bitcoin and stablecoins.Bolivia, on the other hand, is…
Indian officials said Saturday that the country will continue purchasing discounted oil from Russia, despite threats of additional penalties from US President Donald Trump. The statement reflects New Delhi’s consistent stance on its energy policy, even as geopolitical tensions rise.The comments come days after Trump indicated potential punitive action against…
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from June, underlining the challenges facing the world’s largest electric vehicle (EV) maker. While a seasonal dip in new car sales…
US stocks opened under pressure on Friday as investors digested signs of a softening labor market and escalating tariff tensions. The benchmark S&P 500 index was down 1.22%. The Dow Jones Industrial Average slumped 1.14% while the Nasdaq 100 fell the most with a 1.55% decline. The latest monthly jobs…