Economic news

Tencent Mobility, a ​unit of Tencent Holdings, is seeking to raise up ‌to $1.55 billion by selling shares in Chinese short-video company...

Microsoft said on Monday it would cut 4,800 jobs, or ​about 2.1% of its global workforce, overhauling its Xbox gaming business and divesting...

TeraWulf said on Monday it signed a 20-year lease with ​Anthropic for data center infrastructure, a ‌deal expected to generate about $19...

U.S. services sector activity dipped in June ​as some of the boost from businesses rushing to place orders amid the Middle East war ‌ebbed,...

Comcast's Sky has agreed to buy the broadcast channels ​and streaming service of Britain's ITV for £1.6 billion ($2.13...

In a ​coup for Parisian fashion house Christian Dior, both Taylor Swift and Travis Kelce wore Haute Couture designs ‌by creative director...

U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according ​to a client note from Goldman Sachs on ‌Friday, in line...

London's FTSE 100 edged lower on Monday as losses in precious metal miners outweighed gains in financial stocks, while investors assessed a...

British new car sales in June climbed 11.4% from year-ago ​levels to their strongest since 2019, with battery electric vehicles taking ‌a...

The pound ​fell on Monday, breaking a seven-day stretch of gains as the dollar recovered some strength following a ‌selloff last week after...

Airbus has set an internal goal of ​exceeding 900 deliveries for the first time ‌this year after handing over 89 jets in June, though it...

Indian state refiners Indian Oil Corp and Hindustan ​Petroleum Corp have together purchased ‌about 7 million barrels of crude oil...

South Korean chipmaker SK Hynix will launch a U.S. listing on Monday to raise about $28 billion, according to regulatory filings, ​as it...

Shares in easyJet rose 10% in early trading on Monday after the British budget airline agreed in principle to a £5.5 ​billion...

The Japanese yen floundered around four-decade lows on Monday, raising the ​risk of official intervention, while the dollar steadied after last...

French cosmetics company L'Oreal has used AI to identify molecules in its ‌skincare products that can be repurposed for use in...

Gold retreated after touching its highest level in two weeks ‌on Monday as the U.S. dollar edged up from recent lows, though easing bets on...

The Indian rupee tracked regional currencies lower on Monday, while dollar demand from ​local oil companies and related to maturing contracts...

German industrial orders rose ‌more than expected in May due to large-scale orders. Industrial orders rose by ​1.9% on the previous month...

Spain and Portugal are stepping up scrutiny of their soaring property markets ​amid early signs of overheating, but supervisors are unlikely to...

Samsung Electronics is likely to estimate that its operating profit jumped about 18-fold ​to another record high from a year earlier in the...

Taiwan's Foxconn, the world's largest contract electronics maker, reported a 39.8% year-on-year rise in second-quarter revenue that beat...

Shares in some of Hong Kong's hottest new listings are set to hit the market this week ​in an unprecedented wave of lock-up expirations, which...

Oil prices ​inched lower on Monday after OPEC+ agreed to further increase its output targets from August ‌while exports from key producers via...

Britain's FTSE 100 ended higher on Friday and notched a weekly gain, supported by financials, while higher gold prices lifted ​precious metals...

The China Securities Regulatory Commission (CSRC) on Friday proposed changes ​to rules for refinancing by ‌listed companies, releasing draft...

Gulf oil exports in June jumped more than 3 million barrels from May ‌to exceed 10 million barrels per day as the U.S. military helped to...

Oil prices were steady on Friday and little changed ​for the week as traders held on to hopes for a successful outcome from attempts ‌to...

India's government on Friday ​sought to contain a growing backlash against its mandatory use of 20% ethanol-blended petrol, as consumers...

Goldman Sachs increased its share of ​mergers and acquisitions advisory work involving Europe, the Middle East and Africa in the...

Trade in goods between the European Union ‌and the U.S. reached a record €875 billion ($1.00 trillion) last year despite tariffs,...

France's services sector contracted in June by more than initially forecast, as sluggish ​demand and inflationary pressures weighed on...

Japan issued a fresh warning to currency markets on Friday as Finance Minister Satsuki Katayama ‌said Tokyo was in regular contact with...

British businesses showed no sign of easing their price expectations in ​June despite a de-escalation of the Iran war that ‌had sent energy...

The British pound was headed for its biggest weekly jump in 12 weeks against the U.S. ‌dollar on Friday, helped by easing domestic political...

India's Adani Enterprises increased the ​size of its qualified institutional placement by 50% to ‌150 billion rupees ($1.75 billion)...

Germany's services sector contracted for a third straight month in June as weaker demand, dragged down by higher prices and lower market...

Gold rose more than 1% on Friday and ‌was set for its first weekly gain in five, as investors dialled back expectations for U.S. rate hikes...

India's dominant services sector expanded at its slowest pace in 17 months in June as domestic demand weakened sharply ​and overall new...

The Indian rupee was a tad stronger on Friday but on course for a weekly ​decline as hedging demand and intermittent maturities of non-deliverable...

Tank maker KNDS's delayed IPO has underscored growing unease over the defence industry's ability to keep pace with Europe's ​rapid...

 India's HCLTech ​has won a $1.14 billion deal with a ‌major European firm, the software services exporter said on...