Economy

Much of China experienced extremely hot weather, causing a record-breaking surge in electricity use, exceeding 1.5 billion kilowatts, according to a Reuters report.Authorities face a significant challenge as an arc…

A significant upward revision to May’s payroll figures, coupled with Wednesday’s hotter-than-expected inflation data, is easing the pressure on the Bank of England to implement rapid rate cuts. While cuts are…

BHP, a major mining company, has stated that establishing a “green iron” industry in Australia is cost-prohibitive, Reuters said in a report. BHP’s declaration comes after Australia and China reached an…

UK inflation rate jumped more than expected in June, with the Consumer Price Index (CPI) rising to 3.6% from 3.4% the month before, new figures from the Office for National…

Shares in Renault plunged over 16% on Wednesday after the French carmaker slashed its 2025 financial guidance and named finance chief Duncan Minto as interim chief executive. The sharp decline…

US President Donald Trump on Wednesday indicated that his plans to impose high tariffs on the pharmaceutical sector can star to come into effect as early as the end of…

The US Department of Defense (DoD) has awarded contracts to four major artificial intelligence developers. Alphabet Inc.’s Google, OpenAI, Anthropic PBC, and Elon Musk’s xAI—as part of a strategic initiative…

Just a year and a half ago, Argentina’s economy looked like it was heading for its tenth sovereign default. Inflation was out of control. The peso was imploding. Nearly half the…

Startup funding in the United States soared 75.6% in the first half of 2025, reaching $162.8 billion, according to a new report from PitchBook released Tuesday. It marks the strongest…