Europe markets open: FTSE 100 up 0.1% as investors brace for PMI data
A dramatic day of reckoning is unfolding in European markets, as a shocking corporate collapse sends a chill through London while the broader continent holds its breath ahead of a…
ASX 200 breaches 9,000 points for the first time: here’s what drove the surge
Australian shares surged past the key 9,000 mark for the first time on Thursday, lifted by financials and a string of upbeat corporate earnings. The S&P/ASX 200 index gained 1.1%…
Cracks appearing?
By mid-August, both the S&P 500 and NASDAQ had hit a succession of fresh all-time highs as investors sloughed off concerns over the Trump administration’s tariffs. US tech continued to…
Why is tech at war over AI talent?
The world’s biggest tech companies are tearing up the rulebook in their pursuit of AI. Energy, infrastructure, talent. It’s about who gets there first.What started as a race to build…
After massive spending spree worth $14.3 billion, Meta halts AI hiring
Meta Platforms has paused hiring for its newly formed artificial intelligence division, a move that comes after a year of intense spending on talent, acquisitions, and infrastructure. The decision, which…
Global crude departures remain high, but oversupply fears unmaterialised
Global crude and condensate departures remained high in the first half of August, reaching approximately 41 million barrels per day, Vortexa said in an update. The figure is 2% higher than…
Starbucks expands coconut water drink test to hundreds more stores
Starbucks is expanding its health and wellness offerings by testing coconut water beverages in hundreds of additional stores.The new Coco Matcha and Coco Cold Brew—which layers creamy matcha foam or…
WH Smith shares tumble 40% after £30m accounting error in North America
Shares of WH Smith plunged by nearly 40% on Thursday after the travel retailer revealed it had overstated earnings at its North American division, forcing a steep downgrade to its…
China’s H1 2025 carbon emissions decline, driven by renewables
China saw a 1% decrease in carbon dioxide emissions during the first half of 2025 compared to the same period in the previous year. This positive trend is attributed to the…
XRP rebounds 6% as whale activity, $360 million liquidations weigh on crypto markets
XRP recorded sharp swings over a volatile 24-hour session between 20 and 21 August, highlighting the ongoing tug-of-war between large traders and retail buyers. The token slumped to $2.82 before…