Oil prices fell on Thursday as investors assessed the risk of supply disruptions following attacks on ships in the Strait of Hormuz and considered the outlook for global crude supplies outlined in
U.S. corporations with weaker credit profiles are accelerating their issuance of high-yield bonds as they brace for renewed trade tensions in July, which could disrupt investor appetite and drive up borrowing costs.
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A fierce standoff has erupted between the UK government and the Chinese owner of British Steel, Jingye Group, over a £1 billion compensation claim that threatens to paralyze operations at the country’s
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In a bid to ease mounting tensions with Brussels and stabilize global supply chains, Beijing has agreed to expedite approvals for rare earth export licences for certain European companies, China’s commerce ministry
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Microsoft will begin ranking artificial intelligence models by safety performance, a move aimed at reassuring customers and helping them navigate an increasingly crowded AI marketplace, the company announced this week. The new
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At this week’s OECD ministerial summit in Paris, world trade leaders confronted a sobering reality: the United States, under President Donald Trump’s second term, is doubling down on a unilateral trade strategy,
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The Swiss government has unveiled sweeping financial reforms that could force UBS to boost its capital by up to $18bn — a proposal the bank previously slammed as “extreme” and “excessive.” The
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The European Union is being inundated with ultra-potent cannabis, significantly increasing the risk of psychosis and other mental health disorders, according to a warning from the EU’s drugs monitoring agency. Alexis Goosdeel,
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Procter & Gamble announced plans to eliminate 7,000 jobs globally over the next two years, citing the need to cut costs and restructure its operations as it grapples with sluggish demand and
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Citigroup has cut approximately 3,500 technology jobs in mainland China, marking one of the largest downsizings by a foreign financial institution in the country in recent years. The move is part of
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Indonesia has rolled out a $1.5 billion stimulus package aimed at bolstering consumer spending and sustaining economic growth, as Southeast Asia’s largest economy faces mounting pressure from weakening commodity prices, tepid trade,
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Boeing has reached a settlement with the U.S. Department of Justice (DoJ) that could allow the aerospace giant to avoid criminal prosecution for defrauding aviation regulators over the safety of its 737
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Former President Donald Trump’s signature tax legislation—championed as a cornerstone of his second-term economic agenda—will add $2.4 trillion to the federal deficit by 2034, according to a report released Wednesday by the
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The European Union is pressuring China to ease new restrictions on rare earth exports, warning that the bloc’s automotive industry faces an “alarming” supply crisis that could lead to factory shutdowns across
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U.S. private equity powerhouse Apollo Global Management has announced plans to invest up to $100 billion in Germany over the next decade, marking a significant endorsement of Chancellor Friedrich Merz’s ambitious efforts
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Temasek Holdings, Singapore’s state-owned investment giant, is significantly scaling back its exposure to early-stage companies following a series of high-profile investment setbacks and tighter global financial conditions, sources familiar with the matter
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