President Donald Trump said Wednesday it was ‘highly unlikely’ he would fire Jerome Powell as chair of the Federal Reserve. His statements, made in the Oval Office, come less than 24 hours after telling a room full of Republican lawmakers that he was considering doing so. “No, we’re not planning…
Asian stock markets presented a mixed picture at Thursday’s open, with investors navigating a complex landscape of falling Japanese exports, a record-setting rally in Singapore, and continued uncertainty over US trade and monetary policy. This varied backdrop pointed to a flat start for Indian benchmarks like the Sensex, as traders…
Rigetti Computing Inc (NASDAQ: RGTI) soared as much as 30% on Wednesday after announcing a major technical achievement: the successful demonstration of a 36-qubit modular quantum computer with 99.5% fidelity.The system, composed of four 9-qubit chiplets, marks a notable reduction in error rates compared to its previous 84-qubit Ankaa-3 chip.…
Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest and most crucial contract chipmaker, announced a staggering 60.7% jump in its second-quarter net profit on Thursday, a result that comfortably beat market forecasts and set a new historic high for the company. This powerful performance was driven by the surging global…
Shares of Japanese retail giant Seven & i Holdings plunged sharply on Thursday after Canada’s Alimentation Couche-Tard unexpectedly withdrew its $47 billion acquisition offer. The move, which came after nearly a year of unfruitful engagement, dashed hopes for what would have been the largest-ever foreign takeover of a Japanese company.Seven…
Swiss pharmaceutical giant Novartis has raised its full-year earnings forecast, citing robust revenue growth from key products, including its breast cancer drug Kisqali, during a strong second quarter. The company also announced a substantial share buyback program, signaling confidence in its future growth trajectory, alongside news of its long-serving Chief…
European stock markets are set to open higher on Thursday, with positive momentum fueled by a strong earnings report and share buyback announcement from pharmaceutical giant Novartis. This upbeat corporate news appears to be outweighing lingering concerns about US trade policy and providing a positive start for regional bourses.Futures data…
Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global automotive industry. While the headline number was significantly impacted by one-off charges, the company insists its comprehensive SEK 18 billion…
As crypto becomes part of our day-to-day financial needs, Thailand is introducing a national sandbox to allow foreign tourists to convert cryptocurrencies into baht for spending while navigating the country.The Bank of Thailand and Thai Securities & Exchange Commission have joined forces to make the program a reality.According to a…
A quiet town in Maharashtra found itself in an international spotlight this week.Kolhapur, famed for its traditional leather chappals called the Kolhapuri chappals and intricate jewellery, played host to an unusual delegation from Italy.On Tuesday and Wednesday, four representatives from the luxury fashion house Prada visited the town to gain…