Economic news


Ziff Davis to sell Ookla and Downdetector to Accenture as Part of $1.2B Deal

Ziff Davis to sell Ookla and Downdetector to Accenture as Part of $1.2B Deal

Ziff Davis has agreed to sell its Connectivity division, which houses Ookla's Speedtest ​app and Downdetector outage tracker, to Accenture for $1.2 ‌billion in cash. The sale, which also includes Ekahau and RootMetrics, will allow Ziff Davis to focus on enthusiast websites...


March 3, 2026
Toyota's Buyout Deal is Bigger Win for Elliott than for Governance
Toyota's Buyout Deal is Bigger Win for Elliott than for Governance

Toyota's decision to further sweeten its bid for group company Toyota Industries marks a win for activist fund Elliott...

Amazon Launches 15 Minute Grocery Delivery in 'Priority' Market Brazil
Amazon Launches 15 Minute Grocery Delivery in 'Priority' Market Brazil

Amazon launched its Amazon Now service in Brazil on Tuesday, pledging to deliver essentials and groceries ​in 15 minutes, with its country...

Airline Stocks Slide, Passengers Scramble to Leave Middle East
Airline Stocks Slide, Passengers Scramble to Leave Middle East

Airline stocks in Asia and Europe extended losses on Tuesday as the U.S. and Israeli air war against Iran escalated, with carriers monitoring...

Activist Investor Elliott Boosts Stake in Pinterest by $1B
Activist Investor Elliott Boosts Stake in Pinterest by $1B

Pinterest said activist investor Elliott will buy fresh equity worth $1 billion that would help fund a new $3.5 billion share buyback, in a ​vote...

UK Finance Minister Reeves Gives Budget Update Speech
UK Finance Minister Reeves Gives Budget Update Speech

British finance minister Rachel Reeves said fresh forecasts showed inflation and borrowing would be lower than previously thought by Britain's...

Oil Shock could Strain Emerging Markets Beyond Inflation, Analysts
Oil Shock could Strain Emerging Markets Beyond Inflation, Analysts

The war in Iran and the resulting surge in energy prices will impact emerging markets well beyond inflation to broader pressures on...

UK Inflation Seen at 2.3% in 2026, Reeves Says
UK Inflation Seen at 2.3% in 2026, Reeves Says

British consumer price inflation is set to average 2.3% ​in 2026, according to estimates ‌from the Office for Budget Responsibility, finance...

European Shares Skid to 1-mth Lows, Middle East War Drags On
European Shares Skid to 1-mth Lows, Middle East War Drags On

European shares plunged to one-month lows on Tuesday as the global equities rout gathered pace, with investors staring down ​the prospect of a...

GBP Slides as Middle East Conflict Lifts Oil Prices, Muddies Rate Outlook
GBP Slides as Middle East Conflict Lifts Oil Prices, Muddies Rate Outlook

The British pound tumbled to its lowest in three months on Tuesday as the intensifying conflict in the Middle East drove oil prices higher,...

Stablecoin Use Could Weaken ECB's Hand, Hamper Lenders, ECB Paper Finds
Stablecoin Use Could Weaken ECB's Hand, Hamper Lenders, ECB Paper Finds

The spread of stablecoins in the euro zone could weaken the effectiveness of monetary policy, siphon deposits away from banks and reduce lending...

Euro Zone Inflation Jumps, Faces Quick Hit from Surging Oil Price
Euro Zone Inflation Jumps, Faces Quick Hit from Surging Oil Price

Euro zone inflation surged unexpectedly ​last month and may rise further in the coming months if war in the Middle East keeps energy prices high,...

Stocks Rout Deepens, Energy Price Spike Rekindles Inflation Fears
Stocks Rout Deepens, Energy Price Spike Rekindles Inflation Fears

A selloff in stocks deepened and the dollar strengthened on Tuesday, as widening conflict in the Middle East fuelled a spike ​in energy...

Gold Falls as Strong Dollar Counters Flight to Safety
Gold Falls as Strong Dollar Counters Flight to Safety

  Spot gold prices fell on Tuesday as a stronger dollar offset safe-haven demand ‌driven by an escalating U.S.-Israeli air...

Yen, Euro under Pressure as Middle East Conflict Stokes Energy Concerns
Yen, Euro under Pressure as Middle East Conflict Stokes Energy Concerns

The yen and euro languished on Tuesday as the widening Middle ​East conflict focused attention on countries dependent on energy imports...

USD Reclaims Safe-Haven Mantle as Iran Strikes Rattle Nerves
USD Reclaims Safe-Haven Mantle as Iran Strikes Rattle Nerves

The dollar's sharp rally following U.S. strikes on Iran is reassuring investors the currency still functions as...

S.Korea Factory Activity Expands for 3rd mth on Output Jump, PMI
S.Korea Factory Activity Expands for 3rd mth on Output Jump, PMI

South Korea's factory activity expanded for a third straight month in February, as output increased at the fastest pace in ​one-and-a-half...

Wall St Ends Narrowly Mixed, Trading Volatile after Air Strikes on Iran
Wall St Ends Narrowly Mixed, Trading Volatile after Air Strikes on Iran

U.S. stocks finished steady on ​Monday, clawing back early losses during a volatile session after U.S. and Israeli air strikes on Iran roiled...

China Poised to Trim Growth Ambitions, Pursue Timid Rebalancing Efforts
China Poised to Trim Growth Ambitions, Pursue Timid Rebalancing Efforts

China’s annual parliament meeting is expected to show tolerance for slightly slower economic growth this year, opening the door for greater,...

Indonesia Regulator Expects Three-Quarters of Listed Firms to Meet 15% Free-Float Rule Within 1st yr
Indonesia Regulator Expects Three-Quarters of Listed Firms to Meet 15% Free-Float Rule Within 1st yr

Indonesia's financial regulator said on Tuesday that it expects up ​to 75% of the companies listed on the country's ‌stock exchange to...

Key Economic Targets to Watch at China's Parliament Meeting
Key Economic Targets to Watch at China's Parliament Meeting

China's Premier Li Qiang is expected to announce the country's main economic targets for 2026 at an annual parliamentary meeting which...

UK Food Prices and Shop Price Inflation Slow in Feb, Survey
UK Food Prices and Shop Price Inflation Slow in Feb, Survey

British store chains raised their prices less quickly last month, offering some respite for consumers ​grappling with the cost of living, the...

March 2, 2026
UK Stocks Dip as Iran Conflict Sparks Global Selloff
UK Stocks Dip as Iran Conflict Sparks Global Selloff

UK stock indexes were swept up ​in a global selloff on Monday, as an escalating military conflict in ‌the Middle East fuelled a jump...

Upbeat European Markets Waver under Turmoil in Middle East
Upbeat European Markets Waver under Turmoil in Middle East

European financial markets are under strain as the air war in the Middle East revives concerns about an energy supply shock exacerbating...

Travel Stocks Tumble as US-Iran Conflict Sparks Worst Disruption since Pandemic
Travel Stocks Tumble as US-Iran Conflict Sparks Worst Disruption since Pandemic

Travel shares tumbled on Monday as escalating conflict between the U.S., Israel and Iran disrupted flights worldwide, closed key Middle Eastern...

US Manufacturing Grows Steadily in Feb, input Prices Surge
US Manufacturing Grows Steadily in Feb, input Prices Surge

U.S. manufacturing activity expanded steadily in February, but a measure of prices paid by factories for inputs rose to the highest level in nearly...

Europe's Resilient Corporate Profits Clear Up Market Fears for Q4 Drop
Europe's Resilient Corporate Profits Clear Up Market Fears for Q4 Drop

European blue-chip companies' results have proven more resilient than analysts were expecting in the fourth quarter, the latest LSEG I/B/E/S...

Bank of England Faces Risk of
Bank of England Faces Risk of "Deficient Demand," Taylor

The Bank of England will soon find itself in a position where it will no longer face much of a trade-off between a slowing economy and inflationary...

India's Jan Industrial Output Growth Slows to 3-mth Low of 4.8%
India's Jan Industrial Output Growth Slows to 3-mth Low of 4.8%

India's industrial output expanded 4.8% year-on-year in January, a three-month low, as manufacturing activity slowed and fast-moving...

Bank of Ireland Expects to Grow Earnings, Boost Shareholder Returns to 2028
Bank of Ireland Expects to Grow Earnings, Boost Shareholder Returns to 2028

Bank of Ireland said on Monday that it expects to increase earnings, accelerate returns to shareholders and cut costs over the next three...

French Manufacturing Expanded in Feb, Beating Flash Forecast, PMI
French Manufacturing Expanded in Feb, Beating Flash Forecast, PMI

France's manufacturing sector expanded in February, slightly beating initial estimates, helped by solid demand in the cars and aerospace...

Fresh Middle East Curve Ball Raises Risks for Weary World Markets
Fresh Middle East Curve Ball Raises Risks for Weary World Markets

Conflict in the Middle East has moved from a fringe risk to a top worry for investors unsettled by the prospect of a power struggle...

German Manufacturers Showing Signs of Recovery, PMI Indicates
German Manufacturers Showing Signs of Recovery, PMI Indicates

Germany's manufacturing sector showed signs of recovery in February on the back of accelerating increases in output and new orders, according...

Gold Jumps more than 2% as US-Israel Strikes on Iran Spark Safe-Haven Demand
Gold Jumps more than 2% as US-Israel Strikes on Iran Spark Safe-Haven Demand

Gold prices rose more than 2% on Monday, as U.S.-Israel strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei over the...

Oil Surges, Stocks Slide, USD Rallies as Conflict Grips Middle East
Oil Surges, Stocks Slide, USD Rallies as Conflict Grips Middle East

Oil prices surged, the dollar jumped and shares slid on Monday as military conflict in the Middle East looked set to last for weeks,...

Swiss National Bank Reports Annual Profit of $34 Billion
Swiss National Bank Reports Annual Profit of $34 Billion

The Swiss National Bank reported an annual profit of 26.1 billion Swiss francs ($34 billion) for 2025, the central bank said on Monday,...

UK House Prices Rise more than Expected, Nationwide Data
UK House Prices Rise more than Expected, Nationwide Data

British house prices rose slightly faster than expected last month after a dip at the end of 2025 linked to uncertainty over finance minister...

UK's Senior Logs 20% Rise in Annual Profit on Strong Aerospace Demand
UK's Senior Logs 20% Rise in Annual Profit on Strong Aerospace Demand

March 2 (Reuters) - British engineering firm Senior reported a 20% rise in annual adjusted operating profit on Monday, citing robust demand...

Elliott Agrees to Toyota's Increased $30B Tender Offer for Toyota Industries
Elliott Agrees to Toyota's Increased $30B Tender Offer for Toyota Industries

Elliott Investment Management has agreed to tender its shares in forklift maker Toyota Industries after Toyota bumped its take-private bid to...

China's Factory Activity Set to Shrink for 2nd mth, Hit by Depressed Demand
China's Factory Activity Set to Shrink for 2nd mth, Hit by Depressed Demand

China's manufacturing activity probably shrank for a second straight month in February, a Reuters poll showed on Monday, suggesting factory...

Wall St Notches Monthly Declines on Combined AI, Tariff, Geopolitical Uncertainty
Wall St Notches Monthly Declines on Combined AI, Tariff, Geopolitical Uncertainty

Financial and tech stocks were hit hard by a handful of persistent investor worries on Friday, with U.S. stocks suffering their largest monthly...

INR, Bonds Face Jolt from Middle East Conflict-Driven Oil Spike
INR, Bonds Face Jolt from Middle East Conflict-Driven Oil Spike

The Indian rupee and government bonds will kick off the last month of the financial year under pressure as the breakout of conflict in...

India Manufacturing Growth Hits Four-Month High in Feb, PMI
India Manufacturing Growth Hits Four-Month High in Feb, PMI

India's factory activity expanded at its fastest pace in four months in February as strong domestic demand drove new orders and production,...


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