BUSINESS

European stock markets faltered Thursday following mixed showings by Asia and on Wall Street, as traders reacted to US Federal Reserve signals that it plans only one interest-rate cut this year.

Trade relations between the two countries collapsed when Australia demanded a probe in Wuhan, considered to be the epicenter of the Covid breakout.

The world is likely to have a major surplus of oil by 2030 as production is ramped up while the clean energy transition tempers demand, the International Energy Agency said Wednesday.

Australia business conditions index dropped by 1 point to +6, just below its long-run average and business confidence index fell 5 points to -3, National Australia Bank revealed.

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 World Bank raised its global growth outlook on Tuesday on the back of resilient consumer spending in the United States, but warned that growth remains weak by historical standards.

As there was no decision about liquidating the company, the sacked employees will not have access to Fair Entitlements Guarantee (FEG) for unpaid wages and redundancy payouts.

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.

One of the critical advancements in AI within fintech is its application in customer service. AI-powered chatbots and virtual assistants can now handle complex queries, enhance customer experience, and reduce operational costs.

Stock markets retreated and the dollar steadied Friday before US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the central bank's next policy decision looming.

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive.

Markets mostly fell Tuesday on signs of weakness in the US economy, even as the data boosted hopes for an interest rate cut, while Mumbai tumbled as it appeared India's prime minister would not win as big an election victory as expected.

Oil prices fell Monday as the OPEC+ group of major crude producers signalled they would start to unwind output cuts later this year.

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.

Most markets rose Friday after falling for much of the week, with below-forecast US data injecting some fresh life into hopes the Federal Reserve will cut interest rates this year.

Africa's economy has shown resilience overall despite global conditions but growth needs to be in double digits to truly tackle poverty on the continent, the African Development Bank (AfDB) said on Thursday.

Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.

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.

The rise in price in five months is being attributed partly to the increased cost of petrol, holiday travel and health.

Mining behemoth BHP on Wednesday sought a deadline extension in its takeover pursuit of Anglo American, outlining a suite of measures to soothe shareholder concerns that have derailed previous offers.

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.

According to data released by Australian Bureau of Statistics (ABS) on Tuesday, the retail sales rose 0.1% in April from March, when they fell 0.4%, though the market prediction was a rise of 0.2%.

The prolongation gives creditors facing millions in losses and the airline's 300 stood-down employees a glimmer of hope.

Asian and European stock markets fell Friday following Wall Street losses, as better-than-expected US data compounded worries the Federal Reserve will hold off on cutting interest rates this year.

Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.

Australia looks to end its reliance on China for the batteries that powers mobile phones, electric vehicles, and heavy equipment.

With nearly three decades of career, Zhang has moved from traditional construction to championing urban designs that integrate with natural water cycles.

Markets in Asia and Europe suffered a downturn Tuesday after racking up a series of gains as profit-takers stepped in, while traders were also spooked by a surge in commodity prices.

Mining behemoth BHP must overcome major hurdles to salvage its faltering pursuit of rival Anglo American, analysts said Monday as a midweek deadline over the seismic takeover bid approaches.