Wall Street at a crossroads as record highs face growing risks
The US stock market completed a roller-coaster first half of the year at record-high levels but a host of factors could knock equities off their perch over the rest of 2025.
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Tesla’s Model Y refresh fails to spark expected sales rebound
Tesla (TSLA.O) is expected to report another fall in quarterly deliveries on Wednesday as the backlash against CEO Elon Musk’s political views and competitive pressures continue to drag ...
UK economic uncertainty ‘definitely’ hurting growth, says Bailey
Bank of England Governor Andrew Bailey on Tuesday highlighted Britain’s softening labour market and said rising uncertainty in the global economy had “definitely” hurt economic growth and investment intentions.
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EU pushes for tariff relief in key sectors
The European Union wants immediate relief from tariffs in key sectors as part of any trade deal with the United States due by a July 9 deadline, but the bloc expects ...
Oil prices steady as market eyes OPEC+ output hike in August
Oil prices steadied on Tuesday after sliding earlier in the session, with the market weighing expectations of an OPEC+ output hike in August in an upcoming meeting.
Brent crude rose 10 ...
UK business confidence levels hit highest since 2015
Confidence levels among British employers hit a fresh nine-year high this month as companies became more optimistic about the outlook for the economy, according to a survey published on Monday.
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Oil steady as Middle East risks ease, OPEC+ weighs output hike
Oil prices held steady on Monday as Middle East risks eased while a possible OPEC+ output increase in August and uncertainty over the global demand outlook weighed on the market.
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British economy rebounds but faces challenges in second quarter
Britain’s economy grew at its fastest pace in a year in the first three months of 2025 as homebuyers rushed to beat a deadline on property purchases and manufacturers sped ...
A ‘third way’ in currency dominance
By Maria Demertzis
Surging geopolitical risk and growing global conflicts, along with a concomitant search for economic security, are combining to challenge what has long been a pillar of the ...
Tesla launches robotaxi test but experts warn of long road to scale
Tesla (TSLA.O) finally has a robotaxi. Now comes the hard part.
The electric-vehicle maker deployed its first-ever driverless cabs in Austin, Texas, on Sunday in a small-scale test of ...
Tariffs spark packaging shift as costs soar for US canned food firms
Andy Russick, who sells canned fruit and tomatoes to top US grocers like Kroger (KR.N), hospitals and schools, shares the stated aim behind US President Donald Trump’s trade ...
Meta signs new clean energy deals for AI data centre power
Renewable energy developer Invenergy and social media giant Meta Platforms (META.O) have signed four deals to supply 791 megawatts (MW) more of solar and wind power to operate data centers, ...
Central banks shift reserves from dollar to gold, euro and yuan
The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China’s yuan as the splintering ...
Over 40 per cent of agentic AI projects will be scrapped by 2027, Gartner says
More than 40 per cent of agentic artificial intelligence projects will be canceled by the end of 2027 due to escalating costs and unclear business value, according to a report by Gartner.
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Amazon to invest $54 billion in Britain over next three years
Amazon has deepened its commitment to Britain, with the e-commerce giant saying it plans to invest 40 billion pounds ($54 billion) over the next three years, a move the UK government hailed ...
EU revamps regulations for expanding space market
The European Commission this week put forward the EU Space Act, a long-awaited overhaul of regulations affecting its fast-growing space industry.
The legislation aims to create a single market for ...
UK may compel Google to change search rankings, offer alternatives
Britain’s competition regulator said it may force Google to rank businesses more fairly in search results and offer alternative services to consumers, marking the first use of expanded powers ...
Stablecoins fall short as sound money, warns central bank watchdog BIS
The Bank for International Settlements issued its starkest warning yet on the risks posed by stablecoins and urged countries to move rapidly towards the tokenisation of their currencies.
The BIS, ...
UBS lifts S&P 500 target to 6,200 on easing tariffs, strong earnings
UBS Global Wealth Management raised its year-end target for the S&P 500 index (.SPX) to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient ...
Britain’s stats office to overhaul economic data after criticism
Britain’s statistics office will split its leadership and invest more money as part of a push to fix problems with its economic data that have hampered the Bank of ...
US economy shrinks faster than first estimated in early 2025
The US economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump administration’s aggressive tariffs on ...
Shell denies BP bid and rules out takeover for six months
Shell (SHEL.L) has not bid for BP (BP.L) and is not actively considering such a move, it said in a categorical denial on Thursday, adding it was bound ...
UK employers group says tax hike has hit hiring hard
Almost one third of small and medium-sized British employers have made staff redundant or are thinking about job cuts as a direct result of the increase in their social security ...
UK living standards to stagnate for rest of decade, report warns
Living standards in Britain look set to barely grow over the rest of the decade and poorer households are likely to suffer a drop, in part due to a welfare ...