Economic news


Google Shakes Up AI Leadership as DeepMind Chief Shifts Role

Google Shakes Up AI Leadership as DeepMind Chief Shifts Role

Google parent company Alphabet on Wednesday announced a leadership overhaul of its AI division, with AI chief Demis Hassabis leaving his main managerial role and several leaders of its Gemini model, including veteran engineer Jeff Dean, ​departing the company. The shakeup comes during a...


August 6, 2026
German June Industrial Orders Rise More Than Expected
German June Industrial Orders Rise More Than Expected

German industrial orders rose more than expected in June, but owed their jump to large-scale ‌orders and a downward revision of the previous...

Merck Raises 2026 Profit Guidance, Beats Quarterly Estimates
Merck Raises 2026 Profit Guidance, Beats Quarterly Estimates

Germany's Merck KGaA raised its 2026 core profit guidance and beat quarterly expectations on Thursday, helped by continued strong demand...

Trent's Quarterly Profit Jumps on Expansion Spree
Trent's Quarterly Profit Jumps on Expansion Spree

Indian fashion retailer Trent posted a ​22% rise in quarterly profit on Thursday, as the expansion ‌of its Westside and Zudio chains...

Slump for UK Builders Abates in July, PMI Shows
Slump for UK Builders Abates in July, PMI Shows

The downturn in Britain's construction industry eased in July as commercial building and housebuilding weakened less sharply and builders...

China's CMRG Tells Mills to Halt Rio Tinto Talks: Sources
China's CMRG Tells Mills to Halt Rio Tinto Talks: Sources

China's state iron ore buyer has directed some steel mills to halt negotiations with Rio Tinto for shipments from September, two sources...

Yen and Dollar Drift Ahead of Iran Deal News and Payrolls
Yen and Dollar Drift Ahead of Iran Deal News and Payrolls

Currency markets drifted on Thursday with the Japanese yen retracing some intervention-led gains and the dollar pinned ​near a six-week low, as...

Oil Gains as Investors Cautious over Iran-Oman Talk Progress
Oil Gains as Investors Cautious over Iran-Oman Talk Progress

Oil prices rose on Thursday ‌as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the...

Asian Shares Fall on Tech Pullback; Oil Steady on Iran Talks
Asian Shares Fall on Tech Pullback; Oil Steady on Iran Talks

Asian shares reversed course on Thursday after the previous day's ​AI-fuelled rally, as fickle enthusiasm over AI spending turned cautious,...

Emerging Markets Get a Hard Lesson in Tech Hype
Emerging Markets Get a Hard Lesson in Tech Hype

A few years ago, when almost every bank research note seemed to focus on soaring U.S. tech stocks, veteran emerging market fund manager Carlos von...

China's July Exports Growth Likely Cooled but Still Robust
China's July Exports Growth Likely Cooled but Still Robust

EIJING, Aug 6 (Reuters) - China's export growth likely lost some steam last month after June's blistering surge, but remained robust, ​a...

August 5, 2026
Gran Tierra Sells LatAm Assets to Maurel & Prom for $1.33B
Gran Tierra Sells LatAm Assets to Maurel & Prom for $1.33B

Canadian oil and gas producer Gran Tierra Energy said on Wednesday ​it had agreed to sell ‌its Colombian and Ecuadorean oil operations to...

Prudential Shares Tumble on China Offshore Tax Report
Prudential Shares Tumble on China Offshore Tax Report

Shares in insurer Prudential fell as much as ‌13% on Wednesday after Caixin reported Chinese mainland tax authorities have started...

Singapore's UOB to Sell Asset Unit to Allianz for $434M
Singapore's UOB to Sell Asset Unit to Allianz for $434M

Singapore's United Overseas Bank is selling its asset management business to a unit of Germany's Allianz for S$555 ​million ($434...

Cummins India Qtr Profit Edges Up as Costs Offset Demand
Cummins India Qtr Profit Edges Up as Costs Offset Demand

Engine maker Cummins India reported a marginal rise in quarterly profit on Wednesday, as strong ​domestic demand across its power generation,...

AI Shift Eases Uncertainty Drag on Euro Zone Growth: ECB
AI Shift Eases Uncertainty Drag on Euro Zone Growth: ECB

Uncertainty created by wars and trade friction will continue to weigh on euro zone economic growth this ​year, but a shift in business investment...

Indonesia Q2 GDP Growth Slows to 5.3% but Beats Forecast
Indonesia Q2 GDP Growth Slows to 5.3% but Beats Forecast

Indonesia's annual economic growth in the second ​quarter came in at its slowest in three as household and public spending eased, official data...

Europe's Top Tech Firms Emerge as Unexpected AI Winners
Europe's Top Tech Firms Emerge as Unexpected AI Winners

The AI boom was widely expected to favour the new companies building the models. Recent earnings suggest it ‌is some of Europe's biggest,...

FTSE 100 Climbs on Glencore, Next Gains and Iran Deal Hopes
FTSE 100 Climbs on Glencore, Next Gains and Iran Deal Hopes

London's FTSE 100 rose on ‌Wednesday, driven by strong results from Glencore and Next as well as growing expectations for a U.S.-Iran...

UK's July New Car Sales Hit Best since 2019, SMMT Data Shows
UK's July New Car Sales Hit Best since 2019, SMMT Data Shows

British new car registrations rose nearly 12% in July, marking their best performance since ​2019 as battery electric vehicle (BEV) sales reached...

UK Services Sector Returns to Growth, Optimism Picks Up, PMI
UK Services Sector Returns to Growth, Optimism Picks Up, PMI

LONDON, Aug 5 (Reuters) - Britain's dominant services sector returned to growth last month as new orders picked up, according to a survey by...

India's Central Bank Holds Rates, Awaits Inflation Signal
India's Central Bank Holds Rates, Awaits Inflation Signal

The Reserve Bank of India left its benchmark repo ‌rate INREPO=ECI unchanged at 5.25% on Wednesday, as policymakers await clearer evidence on...

German services downturn eases in July; demand picks up: PMI
German services downturn eases in July; demand picks up: PMI

Germany's service sector contracted only marginally in July as demand picked up slightly and new business rose for the first time in five...

India Forex Reserves Hit 3-Month High, Rise Most in 6 Months
India Forex Reserves Hit 3-Month High, Rise Most in 6 Months

India's foreign exchange reserves rose to a near three-month high of $692.9 billion as of July 31, data from ​the Reserve Bank of India showed...

Rupee Hits 1-Month High Past 95 Ahead of RBI Decision
Rupee Hits 1-Month High Past 95 Ahead of RBI Decision

The Indian rupee rose to its highest level in a month on ​Wednesday, buoyed by lower oil prices and a weaker ‌dollar, while forward premiums...

Gold Hits One-Month Peak on Lower Oil and Softer Dollar
Gold Hits One-Month Peak on Lower Oil and Softer Dollar

Gold rose for a third straight session on Wednesday, hitting a one-month ‌peak on a softer dollar and lower oil prices, while investors...

India July Services Growth Hits 4-Year Low as Demand Wilts
India July Services Growth Hits 4-Year Low as Demand Wilts

BENGALURU, Aug 5 (Reuters) - Growth in India's dominant services sector slumped to its weakest pace in over four years in ​July as demand was...

Stocks Up in Asia as Tech Mood Shifts, Oil Slides
Stocks Up in Asia as Tech Mood Shifts, Oil Slides

Asian stock markets jumped on Wednesday as robust earnings and renewed appetite for tech propelled Wall Street to record highs, ​while hopes for...

Yen Steadies; Dollar Near 6-Week Low on Mideast Hopes
Yen Steadies; Dollar Near 6-Week Low on Mideast Hopes

Currency markets paused for breath on Wednesday as pressure on the Japanese yen ​eased following recent bouts of intervention and a forceful show...

India Regulator Unlikely to Review Stock Auction Yet: Source
India Regulator Unlikely to Review Stock Auction Yet: Source

India's markets regulator sees no flaws in the structure ​or design of the new stock closing auction ‌and is unlikely to immediately...

Dow, S&P 500 Hit Records on AI Earnings, Mideast Hopes
Dow, S&P 500 Hit Records on AI Earnings, Mideast Hopes

The S&P 500 and the Dow closed at record highs on Tuesday, powered by ​the latest batch of earnings from AI-related companies such as...

China eases controls on fuel exports for 2nd month, sources
China eases controls on fuel exports for 2nd month, sources

China has eased limits on refined fuel exports ​for a second month in August, giving ‌refiners temporary approval to ship 2.7 million metric...

Japan Real Wages Up for Sixth Straight Month in June
Japan Real Wages Up for Sixth Straight Month in June

Japan's real wages grew 1.6% in June from a year before, a ​sixth consecutive month of increases, government data ‌showed on Wednesday,...

August 4, 2026
Options Eye $225B Swing in SpaceX Value Ahead of Earnings
Options Eye $225B Swing in SpaceX Value Ahead of Earnings

NEW YORK, Aug 4 (Reuters) - Traders in the ​options market are braced for a swing of roughly $225 billion in the value of SpaceX shares...

Polymarket Seeks Over $20B Valuation, Bloomberg Says
Polymarket Seeks Over $20B Valuation, Bloomberg Says

Polymarket is seeking to raise funds at a valuation ​of more than $20 billion, Bloomberg News ‌reported on Tuesday, citing people familiar...

Bharti Airtel Profit Rises on Subscriber Upgrades
Bharti Airtel Profit Rises on Subscriber Upgrades

India's second-largest telecom operator Bharti Airtel posted a 37.3% rise in first quarter profit on Tuesday, driven by ​subscriber...

India's Nykaa Posts Profit Jump as Fashion Business Ramps Up
India's Nykaa Posts Profit Jump as Fashion Business Ramps Up

India's FSN E-Commerce Ventures, which operates beauty and fashion retailer Nykaa, reported a more than three-fold rise in ​quarterly profit on...

Unitree Seen Worth over 7.4B Yuan after IPO, Citic says
Unitree Seen Worth over 7.4B Yuan after IPO, Citic says

Chinese robot maker Unitree Technology is expected to be ​valued at more than 50 billion yuan ($7.4 billion) after ‌its planned Shanghai IPO,...

Sterling Holds Steady as Traders Watch Iran Talks and Yen
Sterling Holds Steady as Traders Watch Iran Talks and Yen

The pound was little changed on Tuesday as markets waited for further details on possible U.S.-Iran peace talks and traders were on alert...

European Stocks Hit Record High on Earnings, Tech Surge
European Stocks Hit Record High on Earnings, Tech Surge

European ​shares hit an all-time high on Tuesday, as gains in technology stocks and a ‌slate of corporate earnings updates helped shift focus...

Zalando Set for Record Daily Drop on Weak Growth Outlook
Zalando Set for Record Daily Drop on Weak Growth Outlook

European online fashion retailer Zalando on Tuesday forecast 2026 revenue and growth to land in the lower half of its previously guided range...

Bending Spoons Buys Airtable for $1.3B in Post-IPO Deal
Bending Spoons Buys Airtable for $1.3B in Post-IPO Deal

Bending Spoons has agreed to buy Airtable in an all-cash deal ​valuing the U.S. software firm at $1.285 ‌billion, the companies said on...

Hugo Boss Beats Q2 Profit Estimates, Keeps Full-Year View
Hugo Boss Beats Q2 Profit Estimates, Keeps Full-Year View

Aug 4 (Reuters) - German fashion group Hugo Boss reported second-quarter operating profit ahead ‌of expectations on Tuesday and confirmed...


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