Economy

Shares of German sportswear giant Puma plummeted nearly 20% on Friday after the company issued a stark profit warning, stating that it now expects to post a loss this year…

US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor…

New European Union sanctions targeting Nayara Energy, a major Indian refinery with significant Russian ties, are expected to have a limited impact on global oil markets, according to Rystad Energy.This…

Australia’s agriculture ministry announced on Thursday that it would relax restrictions on US beef imports. This decision could facilitate trade discussions with US President Donald Trump, who had criticised Australia’s previous…

Lloyds shares edged down on Thursday despite the bank reporting better-than-expected profits, as it opted to leave its full-year guidance unchanged.Share price was down by 0.41% at 9:21 am. Lloyds…

A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported…

Amidst record-breaking heatwaves gripping large parts of China, the country issued a warning on Wednesday regarding potential power supply disruptions. Authorities also advised the elderly to take precautions against heatstroke as…

Recent developments in China’s import landscape and ambitious infrastructure projects are sending ripples through global commodity markets, particularly impacting copper, rare earths, and iron ore. While some shifts signal potential supply…

Gold prices began the week on an upward trajectory, bolstered by dovish remarks from a prominent figure within the US Federal Reserve. Christopher Waller, a Fed Governor, reiterated his stance that…