H&M Shares Tumble Over Profitability Concerns
Shares in H&M slid Thursday after the world's second biggest fashion retailer warned that the conditions to meet its profitability target for this year have become "more challenging".
China's Economy In Focus Ahead Of Key July Political Meeting
A key political meeting that is watched for signals on China's economic direction will be held in mid-July, state media said Thursday, as policymakers seek to shore up a stuttering recovery.
Yen Touches 38-year Low, Stocks Slide
The yen, weakened by the Japanese government's easy monetary policy, hit a 38-year low against the dollar on Wednesday, sparking speculation about a new intervention by authorities.
Australia's Consumer Price Index Hits 4% Amid Rising Housing And Food Costs
The Reserve Bank's goal range of 2-3% was exceeded in May when annual headline inflation jumped to 4%, as per the most recent figures from the Australian Bureau of Statistics.
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UK Inflation Slowdown Unlikely To Shift Vote, Rate Outcomes
Britain's inflation rate has slowed to a near three-year low, official data showed Wednesday, but the boost for embattled Prime Minister Rishi Sunak was unlikely to prevent his Conservatives from losing the upcoming general election to Labour, analysts said.
Svetlana Whitener: Bridging Human Empathy and AI Efficiency in Modern Coaching
Svetlana Whitener, seasoned executive coach, founder of InLight Coaching, and author of the upcoming book, "Continuing Epiphany: Discover Your Guiding Light with EI Coaching," answers a thought-provoking question: can AI coaching replace the real thing?
London Regains Stock Market Crown As Turmoil Hits Paris
The London Stock Exchange is once again Europe's biggest stock market by valuation after reclaiming the crown from Paris as France is rocked by political turmoil.
US Retail Sales Come In Below Expectations In May
US retail sales came in below expectations for a second straight month in May as gas station revenues fell sharply, the government said Tuesday, while the data for April was revised lower.
Australia's Reserve Bank Holds Interest Rate At 4.35%, Warns Of inflation Risks
RBA board pointed out that revisions to consumption and saving rate may not mitigate the upside, adding that recent data have reinforced the need to remain vigilant to upside risks to inflation.
European Stock Markets Falter
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.
Australia's Wine Exports Surge To AU$86M After China Lifts Tariffs
Trade relations between the two countries collapsed when Australia demanded a probe in Wuhan, considered to be the epicenter of the Covid breakout.
World Will Amass 'Major' Oil Surplus By 2030: IEA
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 Drops Amid Rising Cost Pressures, NAB Survey Reveals
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 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.
World Bank Upgrades Global Growth Outlook On Resilient US Economy
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.
Bonza Sacks Staff After Failing To Find Buyers
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.
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.
The Future of Finance: AI and VR Technologies in Fintech
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.
European Stock Markets Decline Before US Jobs Report
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.
Russian Central Bank Chief Calls For 'Open Economy'
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.
Most Asian Markets Turn Lower As US Data Sparks Economy Worries
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 Fall As OPEC+ Plans To Unwind Cuts
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 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.
Markets Mostly Up After Tough Week As US Inflation Looms
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 Economic Growth Not Enough To Tackle Poverty: AfDB
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 Set To Deliver Plan To Regulators On Upgrading Safety
Boeing is expected to deliver on Thursday a "comprehensive action plan" required by US air safety regulators after a near-catastrophic incident in January.
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.
Australia's Inflation Hits 5-Month High, Reserve Bank Unlikely To Lower Rates
The rise in price in five months is being attributed partly to the increased cost of petrol, holiday travel and health.
BHP Asks For More Time To Explore Anglo American Takeover
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.
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.
Australia's Retail Industry Sees Sluggish Growth In April Amid Rising Rent
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%.
Bonza Airlines Gets 2-Month Extension To Find Buyer, Avoid Liquidation
The prolongation gives creditors facing millions in losses and the airline's 300 stood-down employees a glimmer of hope.
Stock Markets Sink On Diminishing US Rate Cut Hopes
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 Profits Soar On Demand For AI Power
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.
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