BHP’s Jansen potash project faces $1.7B cost overrun and delays
BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up…
Israel’s stock market hits record high despite Israel-Hamas war, political crisis
Israel’s stock market has defied the odds to become the strongest performer in the Middle East over the past 22 months of conflict, reaching record highs even as the country…
Europe markets open: Stoxx 600 up 0.3%, CAC 40 dips 0.5% on corporate earnings
European stock markets started the final session of the week on a positive note, with major indices broadly higher as investors reacted to a flurry of strong corporate earnings reports…
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…
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…
Canada signals openness to softwood lumber export limits amid US trade tensions
Canada is indicating a possible policy shift in one of its longest-running trade battles with the United States.British Columbia Premier David Eby stated that Canada may consider limiting its softwood…
US stocks end volatile day in the green: S&P up 0.6%, Nasdaq climbs 0.25%
US stocks swung sharply on Wednesday amid escalating speculation that President Donald Trump was preparing to fire Federal Reserve Chair Jerome Powell. The move raised alarms about the central bank’s…
Gold rally stalls: awaiting new catalyst amid geopolitical tensions
The gold rally, having reached a record high above $3,500 per ounce in April, has since stalled and requires a new catalyst to drive further gains.Despite recent sluggishness, the price…
China’s heatwave fuels record power demand, strains grid
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…
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…