Germany’s economy is facing another uncomfortable situation. After two decades of relying on exports and industrial might, the model looks tired. Growth has flatlined, the export surplus is shrinking, and even household consumption is struggling to pull the numbers higher. Some signs are pointing towards a prolonged stagnation, while others…
Europe markets opened cautiously higher on Friday as FTSE 100 gained around 0.1%, while the STOXX 600 index was up a touch more, roughly 0.2%, pushing close to its highest level in a couple of months. After a turbulent few weeks, investors are tentatively optimistic thanks to reassuring corporate earnings…
The UK government recorded borrowing of £18 billion ($24.4 billion) in August, the highest for the month in five years and well above the £12.5 billion forecast by the Office for Budget Responsibility (OBR). The figure, published by the Office for National Statistics (ONS), highlighted the challenges facing Chancellor of…
India is expected to export less than 800,000 metric tons of sugar this season, falling short of its 1 million-ton quota. This is primarily due to increasing sugar supplies from Brazil, which are driving down global prices and making Indian shipments less competitive, according to a Reuters report.In a significant move…
Indian equity benchmark indices slipped on Friday, snapping a three-day winning streak as investors booked profits in select heavyweight stocks after the markets saw a modest gain post the US Federal Reserve’s rate cut decision on Wednesday. The market’s earlier gains had been driven by optimism over potential US Federal…
While other commodities have experienced significant price swings throughout the year, cotton has maintained a remarkable period of stability. Since January, the price of cotton has consistently traded within a narrow band of 65 to 69 US cents per pound, a stark contrast to the volatility seen elsewhere in the commodity…
The European Commission on Friday said it has adopted a new package of sanctions against Russia, its 19th since the war in Ukraine began, and will now present it for approval by member states.“We can confirm that the commission has adopted a new package of sanctions against Russia, the 19th…
Shares of FedEx rose by more than 5% in premarket trading on Friday after the parcel delivery company reported stronger-than-expected profit and revenue for its fiscal first quarter. The results came despite ongoing tariff-related uncertainty and the end of the “de minimis” exemption on low-value shipments, which many analysts had…
Intel Corp. has secured a $5 billion investment from Nvidia Corp., in a move that expands collaboration between two of the biggest names in semiconductors. The partnership will focus on developing chips for personal computers and data centres, strengthening Intel’s position as a manufacturing hub and diversifying Nvidia’s production strategy.…
Nvidia Corp. has announced a £2 billion ($2.7 billion) investment in the United Kingdom’s artificial intelligence sector, marking one of its most significant overseas expansions. The move comes alongside collaborations with British startups, global venture capital firms, and data centre operators, aiming to position the UK as a strong hub…