Economic news

German auto group Volkswagen will recall around 4 million vehicles across ​four brands in the biggest such ‌action since the Dieselgate...

Microsoft on Friday unveiled several new capabilities in its Copilot app, including a coding tool and an always-on ​AI agent, as the software giant...

Germany's lower house of parliament approved on Friday the ​second temporary gasoline tax discount this year, ‌which will cost...

ADARx Pharmaceuticals said on Thursday it had raised $446.3 million in an upsized US initial public offering, reflecting ​growing investor...

Gold prices rose on Friday but ‌was on track for a weekly loss, as rising US Treasury yields and growing expectations of Federal Reserve rate...

Oil prices fell more than 1% on Friday ​as markets weighed the possibility of a truce between the US and Iran against concerns that...

The main UK stock benchmarks ​rose on Friday and were set for weekly gains, as a ‌retreat in crude oil prices helped lift risk appetite, with...

Indian student housing operator Elevate Campuses' 21-billion-rupee ($219.14 million) initial public offering was fully subscribed on final...

The dollar slipped on Friday but was on track for its ‌second consecutive weekly gain on rising rate hike bets, while the yen climbed after...

Global stocks headed for their best weekly performance since early August on Friday, as AI euphoria and the prospect of ​an improvement in Middle...

 Lending growth to euro zone businesses slowed ​slightly from relatively high ‌levels in August and held steady in the case ​of household...

The pound held steady on Friday at around its lowest in just under three months against the euro and dollar, with the US currency ​set for a second...

German consumer sentiment weakened more sharply than expected heading into October, as rising energy prices soured households' income outlook,...

The S&P 500 ended marginally ​down on Thursday, with Microsoft dipping and Meta Platforms rising, as uncertainty about the Middle East lifted...

The tide of Japanese money returning home has begun, but a much larger repatriation of overseas assets is being held back by uncertainty over...

British consumer confidence unexpectedly struck a more than two-year high this month as households ​grew more optimistic about their personal...

Two senior Bank of England interest rate-setters suggested on Thursday that they were getting closer to voting for ‌an increase in borrowing...

Isabel Schnabel's decision to leave the European Central Bank early for the International Monetary Fund closes a seven-year effort to reconcile...

Germany's leading economic institutes raised their ‌growth forecasts for this year and next, while business morale rose more...

Italian state lender CDP is in talks with ‌Gulf investors including Abu Dhabi's sovereign wealth fund Mubadala to sell between 15% and 35%...

A 90% Common Equity Tier 1 backing for UBS's foreign units is ​a "good amount", SNB Vice Chairman Antoine Martin ‌said on...

World financial markets remained on edge on Thursday after concerns about ​the Iran war and inflation pain had triggered the sharpest selloff in US...

Swedish fashion retailer H&M is driving ​changes to improve efficiency and react more quickly to fashion trends, its CEO said on Thursday,...

British retailers this month reported the biggest drop in sales since April and they ​cut orders with their suppliers by the ‌most since...

Chinese AI startup DeepSeek's annualised revenue run rate has ​hit $1 billion, more than double from a few months ago, ‌the Information...

The Indian rupee fell to a one-week low on Thursday as a jump in oil prices and ​little progress in U.S.-Iran talks raised concerns that inflation...

Sterling hit the lowest level in almost three months against the dollar and edged down versus the euro on Thursday, as ​investors singled out the...

Oil prices rose more than 2% on ‌Thursday as diplomatic talks between the US and Iran showed little sign of progress, while...

London shares fell on Thursday ​as crude oil prices continued to rise amid little progress towards a ‌US-Iran deal, fuelling inflation...

The dollar steadied near a two-month high on Thursday after a sharp rally fuelled by expectations ​of additional Federal Reserve interest rate...

German business morale rose more than expected in September, a survey showed on Thursday, signalling ​that Europe's largest economy is...

Tech investor SoftBank Group is issuing $11.1 billion in dollar- and euro-denominated bonds, ​set to be the largest high-yield corporate bond...

McDonald's warned on Wednesday that industrywide customer traffic in key markets would likely remain flat as long as inflation...

South Africa risks losing future vehicle production to Asian rivals as global automakers decide where to build the next generation of electric...

Wall Street ended lower on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed and Iran's president said Tehran would...

US business activity raced to a more than five-year ‌high in September, fueled by a surge in new orders, though strong demand strained supply...

The US dollar rose to its highest level ​in nearly two months on Wednesday as investors priced in a rate hike cycle from the Federal Reserve, while...

Verizon said on Wednesday it would invest $70 million in a nationwide effort to provide AI ​training to job seekers, small businesses and...

The Hungarian central bank's move to lower its inflation target has sent a fresh signal to investors that the new government in Budapest is...

The New ​York Stock Exchange and crypto brokerage Blockchain.com will together explore creating crypto ‌versions of US-listed stocks,...

HSBC lifted its year-end target for Europe's STOXX 600 index for the first ​time this year on Wednesday, citing stronger earnings...

Gold prices fell in range-bound trade on Wednesday, pressured by a ‌stronger dollar and hawkish remarks from US Federal Reserve officials that...