Poland invoked NATO’s Article 4 for urgent consultations after 19 Russian drones breached its airspace on the night of September 9–10, a dramatic escalation that drew immediate solidarity from NATO allies and alarm across Europe. Several drones were shot down by Polish and allied forces, in what Prime Minister Donald…
Oracle shares surged by more than 31% in premarket trading on Wednesday after the enterprise software company revealed its cloud backlog had ballooned to $455 billion, and forecast booked revenue from cloud business to exceed half a trillion dollars over the next few months.The development overshadowed a mixed set of…
The seemingly unstoppable juggernaut of fast fashion has hit a wall. Inditex, the Spanish retail titan and owner of Zara, reported weaker-than-expected sales in its second quarter on Wednesday, a clear and worrying sign that even the industry’s most dominant player is not immune to the chill of a cautious…
Novo Nordisk, the Danish pharmaceutical giant behind the obesity drug Wegovy, said on Wednesday it will cut about 9,000 jobs globally in a major restructuring effort, aiming to save 8 billion Danish crowns ($1.26 billion) annually. The move underscores the growing pressure the company faces from its US rival Eli…
The Ocado share price continued its strong downward trend, turning one of the top UK companies into a fallen angel. After soaring to a record high of 2,913p in 2020, it has plunged to 306p. This plunge has erased billions in value in the past few years.Why Ocado share price…
Holiday sales in the United States are set to increase at the slowest pace since the pandemic, according to Deloitte’s latest forecast, released on Wednesday, reported by Reuters.The study, which examined consumer behaviour and broader economic conditions, reveals how inflation, tariffs, and policy uncertainty are influencing purchasing decisions ahead of…
The European Commission is weighing restrictions on social media access for children under 16, aligning with growing international scrutiny of digital platforms. Commission President Ursula von der Leyen announced plans to assemble a panel to examine possible measures by the end of the year, as Europe looks to follow developments…
3iQ Corp. (“3iQ”), a global provider of digital asset investment solutions, announced that the 3iQ Solana Staking ETF (TSX: SOLQ, SOLQ.U) has crossed CAD 300 million in assets under management (AUM), while the 3iQ XRP ETF (TSX: XRPQ, XRPQ.U) has surpassed CAD 150 million. Both ETFs, launched earlier this year,…
Gold and crude oil prices extended gains on Wednesday, with copper prices remaining largely unchanged from the previous close. Silver prices jumped by more than 1% on Wednesday as the metal flirted with the $42 per ounce level. Oil prices rose as geopolitical tensions simmered, raising fears about disruptions.Gold hovers near record…
Dow futures dipped slightly Wednesday morning as traders waited nervously for producer price inflation data that could influence the Federal Reserve’s next rate decision.The PPI report has Wall Street on edge after major indexes hit record highs recently.Investors are walking a tightrope as they want inflation to stay manageable without…