BUSINESS

The euro has come under pressure owing to political uncertainty after a strong showing by far-right parties in EU polls and the calling of a snap parliamentary vote in France

European Stocks, Euro Extend Losses On Political Turmoil

European equities and the euro extended a sell-off Tuesday, fuelled by EU political uncertainty, while Asian markets also took a hit as investors looked ahead to inflation data and an interest rate decision in the United States.
The euro fell after far-right parties won big in European Union polls and France's President Emmanuel Macron called a snap parliamentary election

European Stocks, Euro Drop On EU Vote Turmoil

Europe's stock markets and the euro slid Monday after far-right parties performed well in EU elections, prompting French President Emmanuel Macron to call a snap parliamentary poll and plunging the bloc into political turmoil.
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President Recep Tayyip Erdogan dropped his opposition to interest-rate hikes to combat soaring consumer prices

Turkish Inflation Exceeds 75% But Peak In Sight

Turkish inflation jumped above 75 percent in May, official data showed Monday, but officials expect consumer prices to have finally peaked in a cost-of-living crisis that has dogged President Recep Tayyip Erdogan.
Samsung is being faced with the first-ever walkout in company history

Samsung Electronics Workers' Union Announces First Strike

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time, potentially threatening key global semiconductor supply chains.
Oil prices extended gains as major oil producers prepare to meet and the US driving season gets under way, which is expected to see a spike in demand

Stock Markets Swing Before Key Inflation Data

Asian and European stock markets wavered Tuesday as investors geared up for key inflation numbers later in the week, while London returned to action after a three-day long weekend.
Investors are keenly awaiting the release of US jobs data due later in the day

Global Stocks Rise, London Hits New Record

Global stock markets rose Friday before vital US payrolls data, with London hitting another record high as investors tracked speculation of a bidding war for mining giant Anglo American.

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