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Saab shares climb over 12% as defense firm lifts 2025 sales forecast after strong Q2

Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares…

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Reliance brings Kelvinator back, eyes growth in competitive appliance market

Reliance Retail announced the acquisition of Kelvinator on Friday, a brand that was once a regular feature in Indian homes.The deal was made public on Friday without revealing the financial…

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Europe markets open: stocks rise; EasyJet cites strike costs

European stock markets are set to open higher on Thursday, with positive momentum fueled by a strong earnings report and share buyback announcement from pharmaceutical giant Novartis. This upbeat corporate…

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Russia’s wheat harvest halves amid slow pace and low yields

Russia’s wheat harvest has plummeted to half of last year’s output, according to SovEcon, raising concerns about global grain supplies.Russia’s wheat harvest has seen a significant decline this year, with…

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Here’s why EasyJet share price has crashed and what next

The EasyJet share price faced turbulence on Thursday after the company published weaker-than-expected earnings. It plunged to a low of 480p, its lowest level since April 24, and 18% below…

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UK rate cuts: August and November projected by ING amid easing job market

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…

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Volvo posts Q2 operating loss; turnaround plan ‘fully on track’, says CEO

Volvo Cars has reported a group operating profit (EBIT) of SEK -10.0 billion for the second quarter of 2025, a result that reflects a persistently challenging environment for the global…

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Why Australia’s green steel ambitions face reality check from BHP

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…

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Pop Mart shares slide despite rosy profit outlook: here’s why

Shares of Pop Mart International slumped over 6% on Wednesday, even as the Chinese toymaker forecast a surge in first-half earnings. The unexpected drop reflects growing investor caution around the…

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Europe markets open: Stoxx 600 dips 0.2% as UK June inflation hits 3.6%

European stock markets started Wednesday’s session on a weaker footing, with the regional Stoxx 600 index dipping as investors contended with hotter-than-expected inflation data from both the US and the…

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