UK unemployment climbed to its highest level since May 2021 as hiring weakened and wage growth lost momentum, signalling a softening labour market ahead of next month’s budget.The data, released on Tuesday by the Office for National Statistics (ONS), showed that employers are stabilising after months of job cuts triggered…
The dramatic price increase in the copper market is not as dire as it seems. The copper prices dropped about $500 per ton on Friday after US President Donald Trump threatened to impose additional tariffs of 100% on China, starting next month. “A renewed escalation of the trade conflict would significantly impact…
Shares in French tyre maker Michelin plunged more than 9% on Tuesday after the company sharply cut its full-year profit outlook, citing deteriorating market conditions and a steep fall in North American sales.The stock fell 9.3% to €26.01 in early European trade, heading for its biggest single-day drop since the…
Germany is mulling over a major economic reform as it announced plans to allow pensioners to earn up to €2,000 per month without paying income tax.The new measure, which is set to take effect from next year, is expected to benefit millions of retirees nationwide, who look at financial uncertainties…
Dow futures plunged over 360 points on Tuesday, reflecting a cautious mood on Wall Street ahead of the start of Q3 earnings.The renewed US-China tensions seem to be also weighing on the market sentiment, as nothing really came out of US President Donald Trump’s assurances around mending ties with China.Overnight,…
The world economy is entering a new phase of diversification. Countries that once depended heavily on US markets are now forming fresh alliances, rerouting supply chains, and looking to other partners to offset record-high tariffs. From Canada sourcing vehicles from Mexico instead of the US to China buying soybeans from…
Discussions around the topic of whether we’re in an AI bubble have been going on for more than three years now. Every time some major news is reported, the same question resurfaces. Is this all just hype?Recently, a handful of companies have been spending on AI at a pace that…
Sabadell shareholders voted heavily against Banco Bilbao Vizcaya Argentaria’s (BBVA) takeover bid, revealing another level of uncertainty over one of Spain’s highly publicised banking operations. More than 97% of the bank’s client shareholders rejected the offer from BBVA, according to figures published Tuesday by the Catalan bank. Sabadell stated in…
Japan’s SoftBank Group Corp is planning an initial public offering (IPO) of its digital payments unit PayPay in the United States as soon as December, two people with direct knowledge of the matter said, according to Reuters. The Japanese conglomerate has been speaking to institutional investors since mid-September regarding potential…
Shares in French tyre maker Michelin plunged more than 9% on Tuesday after the company sharply cut its full-year profit outlook, citing deteriorating market conditions and a steep fall in North American sales.The stock fell 9.3% to €26.01 in early European trade, heading for its biggest single-day drop since the…