Economic news


Chery to Start Production in Spain this Year after Delays

Chery to Start Production in Spain this Year after Delays

Chinese carmaker Chery will start production of its own vehicles in Spain "as soon as possible" this year, a top executive said on Friday, after successive delays to what will be its first factory in Europe. The confirmation that production will slide later into 2026 follows an ear...


February 6, 2026
Markets Expect UK Interest Rates to Bottom Out at 3.0% in Q1 2027, BoE Survey
Markets Expect UK Interest Rates to Bottom Out at 3.0% in Q1 2027, BoE Survey

Investors polled by the Bank of England expect the central bank to steadily cut its main Bank Rate to a low of 3.0% by its March 2027 meeting, down...

FTSE 100 Rises as Heavyweight Banks Offset RELX Drop
FTSE 100 Rises as Heavyweight Banks Offset RELX Drop

London's FTSE 100 ended higher on Friday after heavyweight lenders offset another slide in data analytics firm RELX, giving the index a...

RWE Explores Buying LNG from ADNOC as Germany Moves to Diversify Supply
RWE Explores Buying LNG from ADNOC as Germany Moves to Diversify Supply

RWE signed a provisional agreement on Friday with Abu Dhabi National Oil Company that Germany's top utility said could see it purchase LNG...

Sterling Recovers some BoE-Led Losses, Politics Loom Large
Sterling Recovers some BoE-Led Losses, Politics Loom Large

The pound rose on Friday, recovering some of the previous day's steep slide that followed a surprisingly tight vote from the Bank of England to...

ECB Policymakers Fret over Risk of too-Low Inflation
ECB Policymakers Fret over Risk of too-Low Inflation

European Central Bank policy is right for the current inflation outlook but risks remain that price growth might weaken excessively and the ECB...

World Food Prices Ease Further in Jan, United Nations' FAO
World Food Prices Ease Further in Jan, United Nations' FAO

World food prices fell for a fifth straight month in January, led by declines in dairy, sugar and meat products, the United Nations' Food and...

Stellantis Shares Slump over 20% after $26.5B EV-Related Writedown
Stellantis Shares Slump over 20% after $26.5B EV-Related Writedown

Stellantis shares tumbled on Friday after the carmaker booked charges of around 22.2 billion euros ($26.5 billion) in the second...

Europe, Asia Lead Global Equity Fund Inflows as Investors Cut US Tech Exposure
Europe, Asia Lead Global Equity Fund Inflows as Investors Cut US Tech Exposure

Global equity funds saw strong inflows led by Europe and Asia, underscoring a diversification push as investors sought to reduce exposure to...

Europe's STOXX 600 Rebounds in Broad Based Gains; Stellantis Plunge Drags Auto Stocks
Europe's STOXX 600 Rebounds in Broad Based Gains; Stellantis Plunge Drags Auto Stocks

Europe's benchmark share index rose on Friday in a largely broad-based rebound from the prior session's losses, as investors assessed a...

Germany's CDU Weighs Social Media Age Curbs for under-16s
Germany's CDU Weighs Social Media Age Curbs for under-16s

German Chancellor Friedrich Merz's Christian Democrat Union is considering limiting access to social media platforms for children under the age...

LG Energy Solution to Buy Canada JV Stake from Stellantis for $100 as EV Demand Falters
LG Energy Solution to Buy Canada JV Stake from Stellantis for $100 as EV Demand Falters

South Korea's LG Energy Solution on Friday said it plans to buy the 49% stake held by Stellantis in their battery joint venture in...

Tech-Led Selloff Drags Asian Stocks; Indonesia Tumbles on Moody's Outlook Cut
Tech-Led Selloff Drags Asian Stocks; Indonesia Tumbles on Moody's Outlook Cut

South Korean shares ended lower on Friday as investors continued to retreat from technology stocks, while Indonesian equities fell 3% after...

Vietnam's Trade Surplus with US Surges in Jan, Imports from China Hit new High
Vietnam's Trade Surplus with US Surges in Jan, Imports from China Hit new High

Vietnam's trade surplus with the United States grew in January by nearly 30% year on year as exports climbed, while imports from China hit a...

China's Silver Fund Plummets again after Trading Halt
China's Silver Fund Plummets again after Trading Halt

China's sole silver futures fund slumped by its 10% daily limit on Friday, its fifth straight session of decline, after a global selloff in...

Toyota Names Former Secretary of Chairman Toyoda as next CEO
Toyota Names Former Secretary of Chairman Toyoda as next CEO

Toyota on Friday named finance chief Kenta Kon, a close ally and former secretary of Chairman Akio Toyoda, as its next chief executive to...

Hims & Hers' $49 Weight-Loss Pill Jolts Everyone, Except its Stock
Hims & Hers' $49 Weight-Loss Pill Jolts Everyone, Except its Stock

Hims & Hers sent a shockwave through the pharmaceutical industry on Thursday with its announcement of a weight-loss pill with a...

Supply Chain Chaos Becomes Aviation's 'New Norm', Demand Hits Records
Supply Chain Chaos Becomes Aviation's 'New Norm', Demand Hits Records

Years after the pandemic, the aviation industry is still struggling to recover from supply chain disruptions that have been exacerbated by record...

Bitcoin Rebounds after Brushing $60,000 Level
Bitcoin Rebounds after Brushing $60,000 Level

Bitcoin bounced from a 16-month low on Friday after testing the key $60,000 level, as a global rout in technology stocks that washed out risky bets...

Gold, Silver Rise as Stock Selloff Lifts Safe-Haven Demand; CME Hikes Margins again
Gold, Silver Rise as Stock Selloff Lifts Safe-Haven Demand; CME Hikes Margins again

Gold and silver prices climbed on Friday as a rout in global stocks lifted demand for safe havens, with heightened volatility prompting U.S....

February 5, 2026
Panama's President says Port Contracts will not be Issued to Single Operator
Panama's President says Port Contracts will not be Issued to Single Operator

Panamanian President Jose Raul Mulino said on Thursday that the concession of contracts to operate two ports held and operated for nearly three...

Peloton Shares Tumble as Demand Slump Hits Revenue Outlook
Peloton Shares Tumble as Demand Slump Hits Revenue Outlook

Peloton Interactive forecast third-quarter revenue below Wall Street estimates on Thursday, citing weak demand for its fitness equipment, sending...

US Job Openings Drop to more than Five-Year Low in December
US Job Openings Drop to more than Five-Year Low in December

U.S. job openings dropped to the lowest level in more than five years in December and data for the prior month was revised lower amid a softening...

Thomson Reuters Reports Q4 Revenue Rise, Shares Slip
Thomson Reuters Reports Q4 Revenue Rise, Shares Slip

Thomson Reuters forecasts 2026 revenue growth of 7.5% to 8% AI investments yield tangible benefits, says CEO Hasker Generative AI 28% of Thomson...

Crypto Exchange Gemini Plans to Lay Off Up to 200 Staff, Exit Europe and Australia
Crypto Exchange Gemini Plans to Lay Off Up to 200 Staff, Exit Europe and Australia

Gemini Space Station, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, said on Thursday it plans to cut up to 200 jobs globally...

OpenAI Unveils AI agent Service as Part of Push to Attract Businesses
OpenAI Unveils AI agent Service as Part of Push to Attract Businesses

Your next coworker might be generated by AI. OpenAI on Thursday said it is launching a service, called Frontier, for companies to build and...

ECB Keeps Rates Steady, Shrugs Off Inflation Dip
ECB Keeps Rates Steady, Shrugs Off Inflation Dip

The European Central Bank kept interest rates unchanged as expected on Thursday, shrugging off a dip in inflation while continuing to warn about an...

BoE Governor Speaks after Close Vote to Hold Rates
BoE Governor Speaks after Close Vote to Hold Rates

The Bank of England left interest rates on hold at 3.75% in a surprisingly close 5-4 split vote, with Governor Andrew Bailey and external...

GBP, UK Borrowing Costs Drop as Investors Up Bets on Rate Cuts after Dovish BoE
GBP, UK Borrowing Costs Drop as Investors Up Bets on Rate Cuts after Dovish BoE

Sterling and UK government borrowing costs fell on Thursday, as investors quickly priced in a much higher chance of a near-term rate cut, after...

BoE Holds Rates at 3.75% in Surprisingly Close Vote
BoE Holds Rates at 3.75% in Surprisingly Close Vote

The Bank of England left interest rates on hold at 3.75% in a surprisingly close 5-4 split vote, with Governor Andrew Bailey and external...

Estee Lauder Shares Sink as Weak Forecasts cloud Turnaround
Estee Lauder Shares Sink as Weak Forecasts cloud Turnaround

Estee Lauder raised its annual targets but still fell short of Wall Street expectations as sluggish demand in the Americas weighed on the...

Bharti Airtel's Quarterly Profit Rises 34% on India Subscriber Growth, Upgrades
Bharti Airtel's Quarterly Profit Rises 34% on India Subscriber Growth, Upgrades

Bharti Airtel, India’s second-largest mobile carrier by number of users, posted its seventh straight quarterly profit rise on Thursday, as...

London's FTSE 100 Holds On to Losses after BoE Maintains Rates in Narrow Vote
London's FTSE 100 Holds On to Losses after BoE Maintains Rates in Narrow Vote

The UK's FTSE 100 declined in choppy trading on Thursday, after paring losses briefly following the Bank of England's decision to hold...

India's LIC Posts Higher Profit as Tax Cuts Boost Insurance Demand
India's LIC Posts Higher Profit as Tax Cuts Boost Insurance Demand

Life Insurance Corporation of India's posted a 17% jump in third-quarter profit on Thursday, benefiting from tax cut-driven retail demand,...

India Exports 1st Fuel to Europe since Ban on Russian Crude-Derived Products
India Exports 1st Fuel to Europe since Ban on Russian Crude-Derived Products

Reliance Industries has partially offloaded a jet fuel cargo in Italy, India's first export to the region since a European Union ban on...

UK Borrowing Costs Rise, Concerns about Starmer's Future Mount
UK Borrowing Costs Rise, Concerns about Starmer's Future Mount

British borrowing costs rose on Thursday as concerns grew over whether Prime Minister Keir Starmer could survive the fallout from his decision to...

UK Jan new Car Sales Rise to Best in 6 yrs, Industry Data
UK Jan new Car Sales Rise to Best in 6 yrs, Industry Data

British new car sales rose 3.4% in January from a year earlier to their highest level in six years, data from the Society of Motor Manufacturers...

German Firms Give Govt Poor Grades on Economic Policy, Ifo
German Firms Give Govt Poor Grades on Economic Policy, Ifo

German companies gave the government's economic policy a poor report card, the Ifo Institute said on Thursday, with businesses demanding less...

Drugmaker Alembic Pharma Posts Earnings Dip on Indian Labour Code Changes
Drugmaker Alembic Pharma Posts Earnings Dip on Indian Labour Code Changes

Indian drugmaker Alembic Pharmaceuticals on Thursday reported lower third‑quarter profit on Thursday after taking a one-time charge linked to...

IndiGo Reviewing India Antitrust Order after Mass Cancellations
IndiGo Reviewing India Antitrust Order after Mass Cancellations

Feb 5 (Reuters) - IndiGo said on Thursday that it is reviewing the order from India's antitrust regulator and will take...

Indian Oil Posts Quarterly Profit Rise on Lower Crude Prices
Indian Oil Posts Quarterly Profit Rise on Lower Crude Prices

Indian Oil Corp (IOC), the country's top refiner, reported a more than four-fold jump in third-quarter profit on Thursday, boosted by...

India to Sign Trade Deal with United States in March, Minister
India to Sign Trade Deal with United States in March, Minister

India and the U.S. expect to sign a formal trade deal in March, after which New Delhi will lower tariffs on U.S. goods, Trade Minister Piyush Goyal...

Taiwan's ASE sees its Advanced Packaging Business Doubling to $3.2B in 2026
Taiwan's ASE sees its Advanced Packaging Business Doubling to $3.2B in 2026

ASE Technology Holding, the world's largest chip packaging and testing provider, said on Thursday that it expects its advanced packaging...


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