Economic news

AI's rapid rise is creating new financial stability risks, Bank for International Settlements head Pablo ‌Hernandez de Cos said, with...

A Republican-led Senate subcommittee responsible for disaster-management oversight is examining OpenAI's response to the July Hugging Face...

Gold retreated on Thursday, erasing earlier gains, ‌pressured by a firmer U.S. dollar and rising bond yields, while investors awaited key U.S....

The pound was little changed against the euro and the dollar on Thursday as investors awaited an expected European Central Bank interest-rate rise,...

London shares hovered around one-month ​lows on Thursday as oil prices continued to fuel inflation worries ‌in a week packed with economic...

British 10-year gilt yields touched their highest level in more than 19 years on Thursday as prices ​extended a selloff on Wednesday when oil...

Oil prices rose on Thursday, extending gains that took Brent over $100 a barrel in the previous session, as traders braced for deeper supply...

Apple on Wednesday redefined its flagship smartphone with the launch of the Duo, a folding $1,999 iPhone, betting its design and promises of...

Major currencies held steady on Thursday, in the face of another jump ​in oil prices and global bond yields, while the euro traded near two-week...

A board member of the Bank of Korea said on Thursday the central ​bank would assess external and internal policy ‌conditions, including the...

U.S. stocks closed lower on Wednesday ​as oil prices soared above $100 a barrel, while Apple dipped and Treasury yields rose ahead of...

Ant International, Mastercard and Visa have launched an initiative to develop common standards to ​identify and verify AI agents that can...

Long-simmering tensions between Ford and the Trump administration over the automaker's connections with Chinese companies boiled over this...

U.S. companies in China have grown more optimistic about their ‌business prospects after confidence hit a record low last year amid political...

U.S. holiday retail sales are expected to grow by as much as 4.8% this year, Deloitte said on ​Thursday, as rising disposable incomes help support...

Chime shares climbed 7% ‌in morning trading on Wednesday after the fintech firm agreed to buy Stride for $590 million, gaining a...

U.S. oilfield services provider Baker Hughes raised its full-year forecasts on Wednesday, ​reflecting the benefits of its $13.6 billion...

Tencent-backed AI chipmaker Shanghai Enflame Technology will make ​its Shanghai stock market debut on September 11, ‌an exchange...

A fight over major cryptocurrency legislation has spilled into the congressional summer recess, with the crypto industry and the banking sector...

The head of Italian auto suppliers lobby Anfia has urged the European Union to impose 80% tariffs on Chinese-made vehicles and parts above a...

The rate on the most popular U.S. home loan rose last week to its highest in more than 14 months, as escalating ​hostilities in the Middle East...

Zara owner Inditex reported weaker than ​expected second-quarter profit on Wednesday as costs increased due to the Middle East conflict,...

AI music startup Suno on Wednesday launched a suite of AI models in partnership with record companies Warner Music Group and BMG to allow users to...

The pound edged towards two-week ​highs against the dollar on Wednesday, shrugging off a rally in the oil price above $100 a ‌barrel as the...

London's FTSE 100 hit its ​lowest in near a week on Wednesday as oil rallied to ‌above $100 a barrel, renewing inflation worries and...

British food price inflation is likely to climb to nearly 4% by the end of the year and exceed 6% by the middle ​of 2027 due to the ongoing impact...

Benchmark Brent crude oil futures rose ‌past $100 a barrel on Wednesday, hitting a more than six-week high and breaching the symbolic...

Brent crude rallied towards $100 per barrel on ​Wednesday, keeping the mood in Asian stock markets subdued, as attacks intensified in...

Brent crude prices were trading close to $100 a barrel on Wednesday for the first ​time since July, as escalating attacks across the Middle East...

A rise in Japanese bond yields may prompt domestic institutional investors to keep more of their money ​at home, Fitch Ratings said in a report on...

The Japanese yen steadied ​near its strongest level since February on Wednesday, keeping the dollar on the defensive as traders grappled with oil...

Singapore-based Granite Asia is seeking ​to invest in mid-sized companies in sectors, including advanced manufacturing and healthcare across the...

Indian shares fell on Wednesday as a fresh escalation in the Middle East conflict had Brent ​crude hurtling toward $100 per barrel, a pain point...

The S&P 500 ended lower on Tuesday, with Salesforce and other software makers losing ground, while hostilities in the Middle ​East lifted oil...

Business confidence among big Japanese manufacturers climbed in September to its ‌highest level since December 2021, buoyed by robust...

China's factory-gate inflation gathered pace in August and consumer price growth quickened, ​driven largely by elevated energy costs tied to...

Australia said on Wednesday it sees no risk to its relationship with the United States after reports that the Trump administration criticised...

GE Aerospace ​said on Tuesday it would buy castings supplier Consolidated Precision Products for $11.75 billion, bringing a key part of its...

Bombardier shares pared earlier losses on Tuesday after President Donald Trump threatened the Canadian ​private jet maker’s access to...

Qualcomm on ‌Tuesday said Amazon could buy up to $60 billion of its AI data-center chips and related products under a long-term...

Most Gulf markets ended slightly higher on Tuesday, though gains remained modest as escalating hostilities between Washington ​and Tehran kept...

Britain sold £4.25 billion ($5.75 billion) of 30-year ​bonds on Tuesday with the highest yield since comparable records began in 1998,...