Around 2,300 individuals succumbed to heat-related illnesses across 12 European cities during the intense heatwave that concluded last week, according to a study conducted by scientists at Imperial College London and the London School of Hygiene and Tropical Medicine.Large parts of Western Europe experienced extreme heat, with temperatures exceeding 40…
China’s ongoing policy efforts to curb excess industrial capacity could serve as a significant positive catalyst for both its equity markets and global trade, provided the measures are executed effectively, according to a new analysis from JPMorgan Chase & Co. The bank’s strategists believe these policies could pave the way…
European stock markets started Wednesday’s session with modest gains, as investors carefully navigated a complex and often contradictory global trade landscape. While fresh tariff threats from US President Donald Trump have kept markets on edge, the absence of new duties on the European Union is fueling hopes that a transatlantic…
Starbucks is exploring a potential partial sale of its China operations, with offers from global and Asia-based private equity firms valuing the business at up to $10 billion, CNBC reported Wednesday, citing people familiar with the matter. The move comes as the US coffee giant struggles to retain its footing…
Shares in French-Italian eyewear giant EssilorLuxottica jumped more than 5% to €251.70 on Tuesday after reports emerged that Meta Platforms had acquired a nearly 3% stake in the company, worth approximately €3 billion ($3.5 billion). If gains hold, it would mark EssilorLuxottica’s best trading day since mid-February.According to sources cited…
European stock markets started Wednesday’s session with modest gains, as investors carefully navigated a complex and often contradictory global trade landscape. While fresh tariff threats from US President Donald Trump have kept markets on edge, the absence of new duties on the European Union is fueling hopes that a transatlantic…
Starbucks is exploring a potential partial sale of its China operations, with offers from global and Asia-based private equity firms valuing the business at up to $10 billion, CNBC reported Wednesday, citing people familiar with the matter. The move comes as the US coffee giant struggles to retain its footing…
Shares of Vedanta Ltd plunged as much as 8% intraday on July 9, before paring some losses, after US-based short seller Viceroy Research issued a scathing report on its parent Vedanta Resources. The note called the group “financially unsustainable, operationally compromised, and resembling a Ponzi scheme.”At the time of writing,…
Shares in French-Italian eyewear giant EssilorLuxottica jumped more than 5% to €251.70 on Tuesday after reports emerged that Meta Platforms had acquired a nearly 3% stake in the company, worth approximately €3 billion ($3.5 billion). If gains hold, it would mark EssilorLuxottica’s best trading day since mid-February.According to sources cited…
Billionaire Mukesh Ambani-led Reliance Jio Platforms has opted to postpone its highly anticipated initial public offering (IPO), shelving plans for a 2025 listing.According to people close to the matter, the company has hit pause on what many had anticipated would be India’s biggest-ever stock market debut, a surprising turn in…