Economic news


LVMH Fails to Reassure on Luxury Recovery, Shares Fall

LVMH Fails to Reassure on Luxury Recovery, Shares Fall

Shares in LVMH slipped 1.5% on Tuesday after the French ‌luxury giant's second-quarter results failed to reassure investors that a broader recovery in luxury demand was firmly underway, despite signs of improvement at its key fashion and leather goods division. The re...


July 28, 2026
Gold Falls as Dollar Hovers Near 1-Month Peak; Fed in Focus
Gold Falls as Dollar Hovers Near 1-Month Peak; Fed in Focus

Gold fell on Tuesday, weighed down by a firm dollar that hovered near ‌a one-month high, while investors awaited this week's U.S. Federal...

US Consumer Confidence Eases in July
US Consumer Confidence Eases in July

U.S. consumer confidence ebbed in ​July and households' perceptions ‌of the labor market remained generally weak, a ​survey showed on...

Air Liquide Reaffirms Margin Targets as Backlog Mounts
Air Liquide Reaffirms Margin Targets as Backlog Mounts

French industrial gases group ​Air Liquide reaffirmed its margin targets on Tuesday after reporting first-half operating earnings broadly...

Rupee Holds 2-Week High as Oil Drops and Interventions Help
Rupee Holds 2-Week High as Oil Drops and Interventions Help

The Indian rupee strengthened on Tuesday to close at its strongest level in two weeks as a sharp ​retreat in oil prices and likely central bank...

Germany Likely Shows Resilience in Q2, Bundesbank Says
Germany Likely Shows Resilience in Q2, Bundesbank Says

The German economy likely grew modestly in the second quarter, despite headwinds from the war in the Middle East, as its vast industrial ​sector...

UK's FTSE Climbs as Consumer Earnings Offset Sector Drag
UK's FTSE Climbs as Consumer Earnings Offset Sector Drag

London's main FTSE indexes edged higher on Tuesday, supported by earnings-driven gains in consumer-focused stocks, including ​Unilever and Man...

UK's Burnham Sets Youth Training Plan as AI Reshapes Jobs
UK's Burnham Sets Youth Training Plan as AI Reshapes Jobs

Britain's new Prime Minister Andy Burnham on Tuesday outlined plans ‌to align technical education and training for young people...

Dollar Hovers near 4-Week Peak as Markets Mull Fed Hike Odds
Dollar Hovers near 4-Week Peak as Markets Mull Fed Hike Odds

The U.S. dollar steadied near a four-week ​high on Tuesday as traders assessed the possibility of a Federal Reserve interest rate hike this week,...

Frasers' Bid for Hugo Boss Turns Unconditional after EU Nod
Frasers' Bid for Hugo Boss Turns Unconditional after EU Nod

British retailer Frasers said on Tuesday that its takeover offer ​for German fashion house Hugo ‌Boss had become unconditional after...

Spain's Q2 Jobless Rate Drops to 9.87%, 18-Year Low
Spain's Q2 Jobless Rate Drops to 9.87%, 18-Year Low

Spain's unemployment rate fell back below 10% in the second quarter of 2026, reaching its lowest ​level since 2008 even as the ​labour force...

Oil Hits One-Week Low as Pause in Attacks Fuels Deal Hopes
Oil Hits One-Week Low as Pause in Attacks Fuels Deal Hopes

Oil prices extended losses on Tuesday, hitting their lowest levels in ‌more than a week as hopes for a resolution to the U.S.-Iran conflict...

Unilever India Profit Falls as High Costs Squeeze Margins
Unilever India Profit Falls as High Costs Squeeze Margins

Hindustan Unilever reported ​a 4% fall in quarterly profit on Tuesday as ‌higher raw material costs and expenses, partly linked to the...

J&J Reaches Sweeping Deal to End Decade of Talc Suits
J&J Reaches Sweeping Deal to End Decade of Talc Suits

Johnson & Johnson ​said on Monday it would pay an estimated $5.5 billion to resolve tens of thousands of lawsuits alleging its baby powder...

Google Rivals Line Up Seeking Damages after Record $1B Fine
Google Rivals Line Up Seeking Damages after Record $1B Fine

A decades-long crackdown on Google's business practices in Europe is entering a costly new phase, as the loss of the first case brought...

AI Anxiety Sparks Tech Rout, Broad Selloff in Asian Markets
AI Anxiety Sparks Tech Rout, Broad Selloff in Asian Markets

Chip stocks tanked across Asia on Tuesday, rattled by the threat of Chinese competition and worries about who's paying for the AI boom, ​while...

India Growth to Slow as Investment, Oil Shock Weigh: Poll
India Growth to Slow as Investment, Oil Shock Weigh: Poll

India's economic growth is ​expected to slow sharply this fiscal year from last year's robust expansion and recover only modestly the...

Wall Street Ends Mixed as Investors Focus on Tech Earnings
Wall Street Ends Mixed as Investors Focus on Tech Earnings

Wall Street ended mixed on Monday, as investors awaited guidance from major technology companies in a busy week for ​quarterly earnings, while also...

Irish Consumer Sentiment Slips in July Amid Cost Concerns
Irish Consumer Sentiment Slips in July Amid Cost Concerns

Irish consumer sentiment fell slightly in July ​on concerns about the ‌cost of living, a survey showed on Tuesday. The Credit Union...

UK Shop Prices Rise by Least since December, BRC says
UK Shop Prices Rise by Least since December, BRC says

Average prices at British retailers rose by an annual 0.9% this month, the ​smallest increase since December 2025, as the ‌men's soccer...

South Korea May Cap Leveraged ETF Retail Investments
South Korea May Cap Leveraged ETF Retail Investments

South ​Korea's top financial regulator said on Tuesday ‌that authorities would consider a cap on single-stock leveraged exchange-traded...

July 27, 2026
Apollo Global to Invest $1.5 Billion in Keppel Oil Rig Fund
Apollo Global to Invest $1.5 Billion in Keppel Oil Rig Fund

Apollo Global Management will invest $1.5 billion in Singapore-based Keppel's new private fund that ​will hold six operational oil...

Porsche to Cut 1 in 5 Jobs by 2035 Amid China, EV Slump
Porsche to Cut 1 in 5 Jobs by 2035 Amid China, EV Slump

German luxury carmaker Porsche will cut around one in five jobs by 2035, ​with 9,000 positions to be axed in total, as parent Volkswagen and...

Nvidia in Talks to Guarantee $250B OpenAI Data Center Deal
Nvidia in Talks to Guarantee $250B OpenAI Data Center Deal

Nvidia is in talks to provide roughly $250 billion in financing guarantees for OpenAI as part of a massive data center project, the Wall...

Italy Machine Tool Sector Urges Tougher EU China Rules
Italy Machine Tool Sector Urges Tougher EU China Rules

The European Union must bolster trade defence measures against aggressive competition from Chinese ‌machine tool manufacturers or risk a...

Oil Prices Near One-Week Low as US and Iran Pause Strikes
Oil Prices Near One-Week Low as US and Iran Pause Strikes

Oil prices hovered around a one-week low ​on Monday after the U.S. and Iran paused strikes over the weekend following two weeks of...

Saab Wins $1 bln Order for Surveillance Aircraft in Mideast
Saab Wins $1 bln Order for Surveillance Aircraft in Mideast

Saab ​has received an order for ‌two GlobalEye surveillance aircraft from a country in the Middle East region ​worth 10.1 billion Swedish...

LVMH's Arnault Dismisses Reports of Family Rift
LVMH's Arnault Dismisses Reports of Family Rift

Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five...

Indonesia Eases Export Bottleneck for Alumina, Nickel
Indonesia Eases Export Bottleneck for Alumina, Nickel

Indonesia's presidential staff office has called for cooperation between government agencies, law enforcement ‌officials and industry to...

Italy Readies Measures to Keep Fuel Below €2
Italy Readies Measures to Keep Fuel Below €2

Italy's cabinet will adopt new measures to curb ‌soaring fuel prices, government officials and a senior lawmaker said on Monday, as...

US Firms in Europe See Stable Ties After Trade Deal
US Firms in Europe See Stable Ties After Trade Deal

A majority of U.S. companies operating in Europe now expect stable transatlantic ​trade and investment relations, a marked improvement ‌from...

Pound Climbs as Oil Slump Cuts Rate-Hike Bets
Pound Climbs as Oil Slump Cuts Rate-Hike Bets

Sterling edged higher against the dollar on Monday as a sharp ​drop in oil prices eased worries about energy-driven inflation and tempered...

Coca-Cola's Fairlife Resumes Output After Cyberattack
Coca-Cola's Fairlife Resumes Output After Cyberattack

Coca-Cola on Monday said its dairy company, fairlife, ​resumed most of the production at four U.S. ‌facilities, where operations were...

Audi Must Work with Volkswagen to Restructure Business, CFO
Audi Must Work with Volkswagen to Restructure Business, CFO

Volkswagen's premium brand Audi must work with the group towards a comprehensive restructuring, the subsidiary's finance chief said on...

London Stocks Rise on US-Iran Pause and Strong Earnings
London Stocks Rise on US-Iran Pause and Strong Earnings

London's FTSE 100 gained on Monday ​as a pause in U.S.-Iran hostilities over the weekend sent oil prices ‌lower and boosted risk sentiment...

Zhongji Innolight to Price Hong Kong IPO Below Maximum
Zhongji Innolight to Price Hong Kong IPO Below Maximum

Chinese optical parts maker Zhongji Innolight ​is guiding potential investors in its Hong Kong listing to a price ‌of HK$980 ($124.97) a...

Dollar Retreats as Oil Slides; Focus Turns to Central Banks
Dollar Retreats as Oil Slides; Focus Turns to Central Banks

The dollar dropped against other ​major currencies on Monday, after the U.S. paused its bombing in Iran, which dragged oil prices lower and lifted...

Rupee Extends Rally on RBI Intervention, Oil Slump
Rupee Extends Rally on RBI Intervention, Oil Slump

The Indian rupee extended its advance on Monday, hitting a two-week high, with central bank intervention and a slump ​in oil prices triggering a...

Gold Up over 1% on US-Iran Pause; Fed Decision Looms
Gold Up over 1% on US-Iran Pause; Fed Decision Looms

Gold prices ​rose more than 1% on Monday as a pause in Middle East hostilities ‌pushed oil prices lower, eased some inflation worries and...

European Shares Climb on US-Iran Peace Optimism
European Shares Climb on US-Iran Peace Optimism

European shares climbed nearly 1% on ‌Monday, as a pause in U.S.-Iran hostilities over the weekend sent oil prices lower and boosted risk...

Indonesia Central Bank Governor Steps Down Unexpectedly
Indonesia Central Bank Governor Steps Down Unexpectedly

Indonesia's central bank governor, Perry Warjiyo, ​stepped down on Monday, a surprise move that analysts said could rattle investors worried...

Shares, Bonds Bounce in Asia as Oil Skids
Shares, Bonds Bounce in Asia as Oil Skids

Share markets rallied in Asia on Monday as a pause in fighting in the Gulf dragged oil prices lower, easing inflation ​risks and boosting...

S.Korea's Naver Jumps 10% on Nvidia's $1B Investment Plan
S.Korea's Naver Jumps 10% on Nvidia's $1B Investment Plan

Shares of South Korean internet and cloud service giant Naver jumped more than 10% on Monday after it said Nvidia would acquire $1...


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