UK inflation surprises again: what’s driving the price rise
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…
Economy
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Renault shares tumble after profit warning, leadership shake-up; analysts slash PTs
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…
Trump to impose 200% tariffs on pharma sooner than expected; here’s what he said
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…
OpenAI, Google, Musk’s xAI wins US Pentagon contracts
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…
Argentina’s economy didn’t collapse. It roared back to life
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…
AI boom drives US startup funding close to record highs
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…
Trump’s 50% tariff on Brazil imports to brew trouble for Starbucks and Dutch Bros
Shares of Starbucks and other major US coffee retailers could face higher costs after the Trump administration proposed a sweeping 50% tariff on all imports from Brazil — the world’s…
China’s exports surge amid waning frontloading demand
In June, China’s exports saw a renewed surge, and imports also recovered. The surge was largely due to companies expediting shipments to leverage a temporary tariff agreement between Beijing and Washington,…
US to announce 30% tariff on EU and Mexico says Trump
US President Donald Trump has unveiled fresh tariff threats against key US trading partners, announcing a 30% rate on imports from Mexico and the European Union (EU) if the countries…
Why India is rushing to build bigger banks and what’s standing in the way
India is stepping up efforts to expand its banking sector, aiming to fuel its rapid economic growth and inch closer to its $5 trillion GDP target.To realise this, the government…