Economic news


China Approves Pfizer GLP-1 Drug for Weight Loss

China Approves Pfizer GLP-1 Drug for Weight Loss

China has approved Pfizer's GLP-1 treatment ​Xianweiying for long-term weight management in overweight or ‌obese adults, the U.S. drugmaker said on WeChat on Friday, boosting competition in a market analysts expect to be worth billions of dollars. The injection belongs to ...


March 6, 2026
US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%
US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%

The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor...

Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five
Gold Rose after US Payrolls Report, but Heads for First Weekly Fall in Five

Gold rose ​on Friday after softer U.S. payrolls data kept hopes of a Federal Reserve rate ‌cut alive, but remained on track for its first...

Robinhood's $658M Private Markets Fund for Retail Investors Goes Public
Robinhood's $658M Private Markets Fund for Retail Investors Goes Public

Robinhood debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday, offering retail investors a rare chance...

BP Seeks at Least $3.7B from Venture Global Arbitration, Filing
BP Seeks at Least $3.7B from Venture Global Arbitration, Filing

BP is seeking ‌at least $3.7 billion from its arbitration win against Venture Global in a case concerning liquefied natural gas...

US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%
US Economy Unexpectedly Loses Jobs in Feb; Unemployment Rate Rises to 4.4%

The U.S. economy unexpectedly shed jobs in February and the unemployment rate increased to 4.4%, potentially hinting at a deterioration in labor...

UK House Prices Rise but Inflation Fears cloud Outlook
UK House Prices Rise but Inflation Fears cloud Outlook

British house prices rose ​in February at the fastest pace since October, data showed on Friday, but lenders raised their mortgage rates ‌over...

FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh
FTSE Indexes Set for Worst Week in nearly Year, Middle East Tensions Weigh

The UK's main indexes were on track for their biggest weekly decline in almost a year on Friday, as the escalating war in the Middle East...

GBP Pulls Back, Iran War sees Investors Flock to Safe Havens
GBP Pulls Back, Iran War sees Investors Flock to Safe Havens

The British pound slipped for a second straight session on Friday as the widening Iran conflict dominated market sentiment and pushed investors...

Lufthansa Posts Profit Beat, Middle East Conflict clouds Outlook
Lufthansa Posts Profit Beat, Middle East Conflict clouds Outlook

Lufthansa reported better-than-expected 2025 results ‌on Friday as stricter financial management and fleet renewal helped the airline...

Asia Struggles to Find Fuel Oil as Middle East Exports Plummet, Sources
Asia Struggles to Find Fuel Oil as Middle East Exports Plummet, Sources

Fuel oil traders in Asia are struggling to secure alternative ​supply as the Iran war curtails shipments from key Middle Eastern...

Stocks Set for Tough Week, Oil Eyes Strong Gains as Middle East War Rages
Stocks Set for Tough Week, Oil Eyes Strong Gains as Middle East War Rages

A slight pullback in oil prices on Friday offered some reprieve to battered global stocks, though share markets in Asia remained ​on track for...

US Weighs Oil Futures Market Action to Combat Price Spikes, White House Official
US Weighs Oil Futures Market Action to Combat Price Spikes, White House Official

The U.S. Treasury Department is expected to announce measures ​as soon as Thursday aimed at combating rising energy prices in the wake of...

Oil Falls but Set for Steepest Weekly Gain since 2022
Oil Falls but Set for Steepest Weekly Gain since 2022

Oil prices fell ​on Friday for the first time in six days as the U.S. government is weighing potentially ‌intervening in the futures market to...

US Mulls new Rules for AI Chip Exports, Including Requiring US Investments by Foreign Firms
US Mulls new Rules for AI Chip Exports, Including Requiring US Investments by Foreign Firms

U.S. officials are debating a ​new regulatory framework for exporting artificial intelligence chips and are considering requiring foreign nations...

Pentagon Designates Anthropic Supply Chain Risk
Pentagon Designates Anthropic Supply Chain Risk

'Supply-chain risk' label effective immediately Bars government contractors using Anthropic tech in US military work Anthropic to...

China in Talks with Iran to allow Safe Oil and Gas Passage Through Hormuz, Sources
China in Talks with Iran to allow Safe Oil and Gas Passage Through Hormuz, Sources

China is in talks with Iran to allow crude oil and Qatari liquefied natural gas vessels safe passage through the Strait of Hormuz ​as the...

China, India Lead Car Exports Worth Billions of Dollars to Middle East
China, India Lead Car Exports Worth Billions of Dollars to Middle East

The U.S.-Israel war with Iran, which entered its seventh day on Friday, threatens to disrupt the shipment of vehicles from Asia to...

Taiwan's Foxconn says Everyone will Feel Impact of Prolonged Iran Conflict
Taiwan's Foxconn says Everyone will Feel Impact of Prolonged Iran Conflict

Everyone will feel the impact on prices of oil and raw materials if the ​U.S. and Israeli conflict with Iran drags on, the chairman ‌of...

March 5, 2026
US Labor Market Holding Steady; Worker Productivity Still Strong in Q4
US Labor Market Holding Steady; Worker Productivity Still Strong in Q4

The number of Americans filing new applications for unemployment benefits was unchanged last week and layoffs dropped sharply in February,...

US Productivity Slows in Fourth Quarter
US Productivity Slows in Fourth Quarter

U.S. worker productivity slowed in the fourth quarter, but the trend remained solid, keeping growth in labor ​costs in check. Nonfarm...

Higher Capital Goods Prices lift US imported inflation in Jan
Higher Capital Goods Prices lift US imported inflation in Jan

U.S. import prices increased in January as a decline in the cost of energy products was more than offset by a surge in capital goods prices,...

ECB Accounts Show Growing Inflation Undershoot Worries before Iran War
ECB Accounts Show Growing Inflation Undershoot Worries before Iran War

European Central Bank policymakers expected inflation to fall even further below target before conflict in the Middle East pushed oil prices...

Prada Posts 8% Organic Revenue Growth in 2025, Margins Dented by Versace Deal
Prada Posts 8% Organic Revenue Growth in 2025, Margins Dented by Versace Deal

Italian ​luxury group Prada reported on Thursday an 8% rise in 2025 organic ‌revenues, driven by strong growth at its smaller label Miu...

Nexi Outlines Plan to Tackle Payments Sector Challenges as Shares Plunge
Nexi Outlines Plan to Tackle Payments Sector Challenges as Shares Plunge

Shares in Italy's ‌Nexi sank up to 22% to a record low on Thursday after Europe's biggest payments group in terms of handled...

London Stocks Edge Higher on Upbeat Corporate Results
London Stocks Edge Higher on Upbeat Corporate Results

UK shares edged higher on Thursday, supported by gains in energy stocks and positive corporate updates from firms, including Rentokil and Entain,...

Mike Ashley's Frasers Takes near 6% Stake in Struggling Sportswear Brand Puma
Mike Ashley's Frasers Takes near 6% Stake in Struggling Sportswear Brand Puma

Billionaire Mike Ashley's Frasers has become the second-largest shareholder in sportswear brand ​Puma after taking a near 6% stake in...

German Bonds Slip from most Favoured Havens in Safety Dash
German Bonds Slip from most Favoured Havens in Safety Dash

German government bonds are facing stiffer competition for investor cash from other traditional havens such as gold than they have for years, as...

European Shares Edge Higher after Asia Surge
European Shares Edge Higher after Asia Surge

The Iran conflict drove oil prices higher again on Thursday, keeping contained pressure on Europe's markets after ​reports of de-escalation...

Tesla UK Car Sales Drop 37% as Chinese Competition Heightens, SMMT Data
Tesla UK Car Sales Drop 37% as Chinese Competition Heightens, SMMT Data

Tesla's UK sales dropped 37% in February from a year earlier, data from the Society of Motor Manufacturers and ​Traders (SMMT) showed on...

Oil Rises on Supply Concerns as Iran Conflict Widens
Oil Rises on Supply Concerns as Iran Conflict Widens

Oil prices rose on Thursday, extending a rally as the ‌escalating U.S.-Israeli war with Iran continued to disrupt supplies,...

Gold Rises on Iran War Safe-Haven Bid; Firm USD Limits Upside
Gold Rises on Iran War Safe-Haven Bid; Firm USD Limits Upside

Gold prices rose ​on Thursday, lifted by safe-haven demand amid an escalating war in the Middle ‌East, while a stronger dollar and concerns...

Airline Shares Rebound as Trickle of Middle East Flights Resume
Airline Shares Rebound as Trickle of Middle East Flights Resume

Airline shares rebounded on Thursday, as more flights took off ​from the Middle East, giving carriers some reprieve after U.S.-Israeli strikes on...

British Homebuilder Taylor Wimpey Warns on Profit as Mmargin Pressures Deepen
British Homebuilder Taylor Wimpey Warns on Profit as Mmargin Pressures Deepen

British homebuilder Taylor Wimpey warned on Thursday that profits would fall this year as build cost inflation and softer pricing squeezed...

U.S. Commercial Property Turmoil Weighs on German Banks
U.S. Commercial Property Turmoil Weighs on German Banks

Two of Germany's top property banks reported weaker ​financial results for 2025, citing troubles in the ‌United States' commercial...

Asian Shares Surge, Led by KOSPI; Treasuries Fall as Traders Weigh War Impact
Asian Shares Surge, Led by KOSPI; Treasuries Fall as Traders Weigh War Impact

Asian shares rallied on Thursday and U.S. ​Treasuries declined, pointing to a tentative recovery in risk appetite that has been hammered by the...

Yuan Bounces Off 1-mth Low on Firmer Guidance, Beijing Reveals 2026 Targets
Yuan Bounces Off 1-mth Low on Firmer Guidance, Beijing Reveals 2026 Targets

China's yuan rebounded from a one-month low on Thursday, after the central bank set its guidance ​at the strongest in nearly three years, a...

China to Inject $44B into State Banks, Boost Tech Financing
China to Inject $44B into State Banks, Boost Tech Financing

China said on Thursday ​it would inject 300 billion yuan ($44 billion) into state-owned banks this year to guard against systemic risks, and boost...

India Feb Retail Auto Sales Surge 25% on Lingering Tax-Cut Boost, Seasonal Demand
India Feb Retail Auto Sales Surge 25% on Lingering Tax-Cut Boost, Seasonal Demand

India's retail vehicle sales jumped 25.6% ​in February, as last year's tax cuts and a ‌pick-up in weddings drove demand for...

US Stocks Close Up on Iran Diplomacy Hopes; Tech Leads Rebound
US Stocks Close Up on Iran Diplomacy Hopes; Tech Leads Rebound

U.S. stocks closed up on Wednesday, after ​a news report that Iran had signaled openness to talks and a pledge by President Donald Trump to steady...

India's CB Revives Heavy pre-Market Intervention to Rescue Oil-Hit Rupee
India's CB Revives Heavy pre-Market Intervention to Rescue Oil-Hit Rupee

India's central bank on Thursday reverted to a strategy it has used before to support the rupee, forcefully intervening before ​the local spot...

Crypto Bill Hits new Impasse, Raising Doubts over its Future
Crypto Bill Hits new Impasse, Raising Doubts over its Future

Talks on landmark crypto legislation have hit a new impasse after banks said they could not back a compromise pushed by the White House, a...

S.Korean Retail Investors Panic, World-Beating Stock Gains Vanish
S.Korean Retail Investors Panic, World-Beating Stock Gains Vanish

As South Korea's benchmark KOSPI stock index dived more than 12% to its worst-ever sell-off ‌on Wednesday, a district known as the Korean...


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