Economic news


VW CEO, Labor Boss Dig In Ahead of Key Board Meeting

VW CEO, Labor Boss Dig In Ahead of Key Board Meeting

Volkswagen's management and labour leaders ​dug in on Wednesday ahead of a crucial board meeting next week, with CEO Oliver Blume pushing ‌deeper cost cuts and unions rejecting layoffs and plant closures in the German group's biggest ever restructuring. Europe's la...


August 27, 2026
Meta's Social Deal Leaves Its Revenue Machine Unscathed
Meta's Social Deal Leaves Its Revenue Machine Unscathed

Meta Platforms emerged from its biggest legal challenge in the U.S. with its core business intact. The social media giant...

Dollar Stores Beat Sales Estimates on Low-Cost Goods Demand
Dollar Stores Beat Sales Estimates on Low-Cost Goods Demand

Dollar General and Dollar Tree surpassed quarterly sales estimates on Thursday as lower-priced essentials drove consumers to their stores...

Visa, Mastercard Launch Syria Payments as US Lifts Sanctions
Visa, Mastercard Launch Syria Payments as US Lifts Sanctions

Visa and Mastercard carried out their first international card ​transactions in Syria on Wednesday, a major step in reconnecting the country with...

US Jobless Claims Dip; Goods Trade Deficit Widens in July
US Jobless Claims Dip; Goods Trade Deficit Widens in July

The number of Americans filing claims for unemployment benefits fell last week, suggesting that the labor market remains stable ​despite a surprise...

Best Buy Raises Annual Forecasts as AI Spurs Device Upgrades
Best Buy Raises Annual Forecasts as AI Spurs Device Upgrades

Best Buy raised its ​full-year sales and profit forecasts on Thursday, betting on an AI-fueled device upgrade ‌cycle and growth in newer...

China Launches Auto Quality Drive, Mandates Defect Recalls
China Launches Auto Quality Drive, Mandates Defect Recalls

Chinese regulators on Thursday ordered automakers to file proactive recall plans for any defects uncovered in self-audits, as part of ​a year-long...

Hormel Foods Cuts Annual Sales Forecast as Demand Slacks
Hormel Foods Cuts Annual Sales Forecast as Demand Slacks

Hormel Foods cut its annual sales forecast on Thursday, weighed down by declines in the retail segment and weak demand ​for private-label...

CNOOC Sees Potential for US-China Energy Cooperation
CNOOC Sees Potential for US-China Energy Cooperation

Chinese state-owned oil and gas major CNOOC sees potential for energy ​cooperation between China and the United States, its ‌CEO said on...

Dollar Tree Beats Revenue Forecast on Steady Demand
Dollar Tree Beats Revenue Forecast on Steady Demand

Discount retailer ​Dollar Tree beat Wall Street ‌estimates for second-quarter revenue on Thursday, buoyed by resilient demand ​for its...

Crypto Boss Faces UK-US Extradition Over Fraud
Crypto Boss Faces UK-US Extradition Over Fraud

The British-based chief executive of a cryptocurrency company who is wanted in the United States on charges of wire fraud and market manipulation...

August 26, 2026
US Inflation Remains Elevated, GDP Growth Outlook Brightens
US Inflation Remains Elevated, GDP Growth Outlook Brightens

Annual U.S. inflation held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the unexpected pause in...

Huawei, HP Sign Multi-Year Wi-Fi Patent Deal
Huawei, HP Sign Multi-Year Wi-Fi Patent Deal

China's ​Huawei Technologies (HWT.UL) said on Wednesday it had reached a multi-year cross-licence agreement with HP Inc, covering ‌patents...

Kohl's Sales Fall on Shoppers' Financial Pressures
Kohl's Sales Fall on Shoppers' Financial Pressures

Kohl's ​on Wednesday missed Wall Street estimates for second-quarter sales as muted spending on women's clothing and skincare products...

DAZN to Buy EverPass Media to Expand in US Venues
DAZN to Buy EverPass Media to Expand in US Venues

DAZN said on Wednesday it has agreed to acquire EverPass Media that will combine ​DAZN's sports content with EverPass' U.S. streaming...

China's MiniMax H1 Revenue Quadruples on AI Demand
China's MiniMax H1 Revenue Quadruples on AI Demand

Chinese AI startup MiniMax on Wednesday posted a nearly four-fold jump in first-half revenue as demand for its ​low-cost models and AI...

Gaja Alternative Asset Valued at $251.5M in Trading Debut
Gaja Alternative Asset Valued at $251.5M in Trading Debut

Gaja Alternative Asset Management, India's first listed alternative asset management company, closed 5.4% higher at 168.67 rupees in its...

S&P 500 to End 2026 Slightly High on Earnings Optimism
S&P 500 to End 2026 Slightly High on Earnings Optimism

The S&P 500 benchmark U.S. stock index will add to this year's already robust gains and end 2026 about 3% above current levels, reflecting...

Airbus Workers in Spain Resume Strike After Rejecting Offer
Airbus Workers in Spain Resume Strike After Rejecting Offer

Thousands of Airbus workers in Spain have resumed strike action this week after rejecting the company's latest pay offer and mediation...

FTSE 100 Flat ahead of US Inflation Data and Nvidia Results
FTSE 100 Flat ahead of US Inflation Data and Nvidia Results

London's FTSE 100 was muted on Wednesday as a slide in oil prices pressured energy stocks and offset broader gains, while investors awaited key...

Sterling Dips, Currency Markets Look to the U.S. for Cues
Sterling Dips, Currency Markets Look to the U.S. for Cues

The pound dipped from its recent high against the dollar and also slid versus the euro on Wednesday, ​but with little in the way of major news...

UK Retail Sales Weaken in August, CBI Says
UK Retail Sales Weaken in August, CBI Says

British retail sales weakened in August after their strongest performance in six months ​in July, although stores expect a recovery ‌in...

Aramco Offers More Oil Outside Hormuz, Some to China
Aramco Offers More Oil Outside Hormuz, Some to China

Saudi Aramco has offered more oil for loading outside the Strait of Hormuz in September, four sources with knowledge of the matter said on...

Lynas Expands Footprint, Eyes New Rare Earths Deals
Lynas Expands Footprint, Eyes New Rare Earths Deals

Australia's Lynas Rare Earths <LYC.AX> said it planned to grow its global supply chain on Wednesday, with discussions ‌to secure new...

S.Korea Chip Fund to Back Growth, Not Welfare: Official
S.Korea Chip Fund to Back Growth, Not Welfare: Official

A new South Korean fund fuelled by record tax windfalls from a semiconductor boom ‌would finance projects over a three- to four-year period,...

Hyundai Lifts Margin Target, Expands US Hybrid Lineup
Hyundai Lifts Margin Target, Expands US Hybrid Lineup

Hyundai Motor said on Wednesday it would launch or refresh more than 100 vehicles globally by 2030 and expand its ‌U.S. hybrid lineup, as...

Gold Rally Takes a Breather ahead of US Inflation Data
Gold Rally Takes a Breather ahead of US Inflation Data

Gold prices eased on Wednesday, on track to snap ‌a three-session winning streak, with focus shifting to U.S. inflation data due later today...

Dollar Steady ahead of US Data; Aussie Gains on Rate Bets
Dollar Steady ahead of US Data; Aussie Gains on Rate Bets

The dollar made tepid gains but remained range-bound in Asian trading on Wednesday, with investors awaiting ​U.S. inflation data later that will...

FleetPartners Gets $582M Bid as Sumitomo Group Joins Race
FleetPartners Gets $582M Bid as Sumitomo Group Joins Race

FleetPartners said on Wednesday it had received an A$813.1 million ($582.3 million) offer from a consortium led by Japan's Sumitomo Corp,...

Oil Falls $2 on Iran-Oman Talks to Reopen Strait of Hormuz
Oil Falls $2 on Iran-Oman Talks to Reopen Strait of Hormuz

Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman ‌revived hopes that the Strait of Hormuz could reopen and...

Asian Stocks Gain before Nvidia, Oil Slips on Hormuz Hopes
Asian Stocks Gain before Nvidia, Oil Slips on Hormuz Hopes

Asian stocks rose on Wednesday as a drop in oil ​prices dragged bond yields lower on hopes that the critical Strait of Hormuz may reopen soon,...

Wall Street Ends Higher; Tech Rebounds before Nvidia Results
Wall Street Ends Higher; Tech Rebounds before Nvidia Results

Wall Street's ​main indexes closed higher on Tuesday, as technology stocks recovered from a selloff ahead of AI heavyweight Nvidia's...

BOJ to Speed Tightening, Raise Rate to 1.25% in Sept
BOJ to Speed Tightening, Raise Rate to 1.25% in Sept

The Bank of Japan will move more swiftly than previously expected and raise interest rates again in September, a majority of economists said ​in a...

Japan Eyes Blockchain for Instant Stock, Bond Settlement
Japan Eyes Blockchain for Instant Stock, Bond Settlement

Japan is preparing to set up a payment infrastructure to enable instantaneous settlement of ​transactions in stocks and Japanese government bonds...

Japan's Corporate Services Inflation Accelerates in July
Japan's Corporate Services Inflation Accelerates in July

A key gauge of Japan's service-sector inflation rose 3.6% in ​July from a year earlier, data ‌showed on Wednesday, reinforcing the central...

August 25, 2026
BNP Paribas Receives Saudi Regional Headquarters Licence
BNP Paribas Receives Saudi Regional Headquarters Licence

BNP Paribas has received a regional ​headquarters licence in Saudi Arabia, ‌Saudi state news agency SPA reported on Tuesday, as...

Apple Launches Faster Mac Mini, Mac Studio to Tap AI Boom
Apple Launches Faster Mac Mini, Mac Studio to Tap AI Boom

Apple on Tuesday unveiled a more powerful Mac mini aimed at consumers looking to host AI agents remotely, marking what is likely the final...

New US Single-Family Home Sales Slide in July
New US Single-Family Home Sales Slide in July

Sales of new U.S. single-family homes tumbled in July as high mortgage rates and prices weighed on the market and continued to sideline potential...

Alibaba Chair Buys another 720,000 Company HK Shares
Alibaba Chair Buys another 720,000 Company HK Shares

BEIJING, Aug 25 (Reuters) - Alibaba chairman ​Joe Tsai purchased another 720,000 ‌Hong Kong-listed shares of the company on Tuesday, two...

FTSE Indexes Climb as Housing Plan Boosts Builders
FTSE Indexes Climb as Housing Plan Boosts Builders

The main UK stock indexes climbed on Tuesday, as housebuilders were lifted by the British government's plans to spend £10 billion on...

Sterling Near 6-Month High on BoE Rate Hike Bets
Sterling Near 6-Month High on BoE Rate Hike Bets

The pound ​held its ground near a six-month high versus the dollar on Tuesday, ‌underpinned by expectations for interest rate hikes by the...

Nvidia Shares Set for $280 bln Price Swing after Earnings
Nvidia Shares Set for $280 bln Price Swing after Earnings

Options traders are pricing in a $280 billion swing in Nvidia's market value after the company reports second-quarter ​earnings on...

US Leveraged Single-Stock ETF Boom may be Cooling
US Leveraged Single-Stock ETF Boom may be Cooling

Red-hot demand for high-risk leveraged and inverse single-stock ETFs may be starting to cool. The increasingly volatile bull market ​has...


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