Shares of WH Smith plunged by nearly 40% on Thursday after the travel retailer revealed it had overstated earnings at its North American division, forcing a steep downgrade to its annual profit forecast. The company said a financial review found that supplier income in the region had been booked too…
The United States and European Union on Thursday released new details of their trade framework, providing clarity on tariffs for sectors including pharmaceuticals, semiconductors, and autos after weeks of uncertainty.The framework, finalised late last month after protracted negotiations, set a blanket 15% tariff on EU exports to the US, alongside…
By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech continued to lead the pack with the top ten stocks in the S&P accounting for 40% of the index as measured by…
The world’s biggest tech companies are tearing up the rulebook in their pursuit of AI. Energy, infrastructure, talent. It’s about who gets there first.What started as a race to build bigger models has morphed into billion-dollar job offers, reverse acquihires that hollow out startups, and spending sprees so large they…
Meta Platforms has paused hiring for its newly formed artificial intelligence division, a move that comes after a year of intense spending on talent, acquisitions, and infrastructure. The decision, which took effect last week, follows a restructuring that split Meta’s AI strategy into four divisions under the banner of Meta…
Global crude and condensate departures remained high in the first half of August, reaching approximately 41 million barrels per day, Vortexa said in an update. The figure is 2% higher than the seasonal average from 2016-2024 and surpasses both 2023 and 2024 levels.“Nevertheless, despite fears that the swift unwinding of production…
Starbucks is expanding its health and wellness offerings by testing coconut water beverages in hundreds of additional stores.The new Coco Matcha and Coco Cold Brew—which layers creamy matcha foam or silky cold brew foam atop refreshing coconut water—are the latest products the company is testing as part of its plan…
Shares of WH Smith plunged by nearly 40% on Thursday after the travel retailer revealed it had overstated earnings at its North American division, forcing a steep downgrade to its annual profit forecast. The company said a financial review found that supplier income in the region had been booked too…
China saw a 1% decrease in carbon dioxide emissions during the first half of 2025 compared to the same period in the previous year. This positive trend is attributed to the increasing adoption of renewable energy sources for power generation within the country. The findings come from a study conducted by the…
XRP recorded sharp swings over a volatile 24-hour session between 20 and 21 August, highlighting the ongoing tug-of-war between large traders and retail buyers. The token slumped to $2.82 before rebounding to $2.90, marking a 5.69% move across the day. The recovery was driven by a sudden surge in trading…