Global markets opened Tuesday with a mix of cautious optimism and lingering uncertainty. Asian stocks showed uneven gains as investors weighed tech momentum against regulatory concerns, while crypto markets attempted a tentative recovery after a $1.7 billion sell-off rattled confidence. Meanwhile, geopolitical tensions escalated with the UK warning of Russian airspace violations, and entertainment news
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Global markets opened Tuesday with a mix of cautious optimism and lingering uncertainty. Asian stocks showed uneven gains as investors weighed tech momentum against regulatory concerns, while crypto markets attempted a tentative recovery after a $1.7 billion sell-off rattled confidence. Meanwhile, geopolitical tensions escalated with the UK warning of Russian airspace violations, and entertainment news
4.4KChina’s export sector has withstood five months of record-high US tariffs, pushing the country toward a projected $1.2 trillion trade surplus. Instead of retreating, manufacturers have redirected shipments to India, Africa, Southeast Asia, and Latin America, surpassing pandemic-era highs. The redirection has lifted demand for Chinese goods across multiple regions, even as foreign governments face
China’s export sector has withstood five months of record-high US tariffs, pushing the country toward a projected $1.2 trillion trade surplus. Instead of retreating, manufacturers have redirected shipments to India, Africa, Southeast Asia, and Latin America, surpassing pandemic-era highs. The redirection has lifted demand for Chinese goods across multiple regions, even as foreign governments face
3.7KNestlé SA is planning to cut around 16,000 jobs globally as part of a two-year restructuring effort led by its new Chief Executive Officer, Philipp Navratil. The layoffs, representing roughly 6% of the company’s workforce, Bloomberg reports, come as the Swiss food giant aims to adapt to shifting consumer habits, rising costs, and growing competition
Nestlé SA is planning to cut around 16,000 jobs globally as part of a two-year restructuring effort led by its new Chief Executive Officer, Philipp Navratil. The layoffs, representing roughly 6% of the company’s workforce, Bloomberg reports, come as the Swiss food giant aims to adapt to shifting consumer habits, rising costs, and growing competition
4.4KFlipkart India Pvt., backed by Walmart Inc., has injected $30 million into its financial services arm Supermoney as the Bengaluru-based company strengthens its position in digital payments, lending, and stock broking. The new funding comes just months after Flipkart spun off the fintech unit and had already infused $20 million into the business. Supermoney, which
Flipkart India Pvt., backed by Walmart Inc., has injected $30 million into its financial services arm Supermoney as the Bengaluru-based company strengthens its position in digital payments, lending, and stock broking. The new funding comes just months after Flipkart spun off the fintech unit and had already infused $20 million into the business. Supermoney, which
1.1KEuropean markets opened higher on Tuesday, driven largely by gains in renewable energy stocks. Investors reacted strongly to a US court decision that allowed Danish company Orsted to resume construction of its stalled offshore wind project in Rhode Island. The ruling sent Orsted shares sharply higher and sparked momentum across the sector, while losses in
European markets opened higher on Tuesday, driven largely by gains in renewable energy stocks. Investors reacted strongly to a US court decision that allowed Danish company Orsted to resume construction of its stalled offshore wind project in Rhode Island. The ruling sent Orsted shares sharply higher and sparked momentum across the sector, while losses in
1.1KShares in Orsted surged 9% on Tuesday after a US federal court on Monday allowed the Danish energy company to resume construction of its nearly completed Revolution Wind offshore project, which had been halted by the Trump administration last month. The decision marked a significant victory for Orsted, removing immediate financial pressure and providing a
Shares in Orsted surged 9% on Tuesday after a US federal court on Monday allowed the Danish energy company to resume construction of its nearly completed Revolution Wind offshore project, which had been halted by the Trump administration last month. The decision marked a significant victory for Orsted, removing immediate financial pressure and providing a
3.3KGautam Adani’s wealth has surged by $13 billion over two trading sessions, following key regulatory relief that eased investor concerns and triggered heavy buying across his listed companies. The sharp rise in market value comes after the Securities and Exchange Board of India (SEBI) dismissed parts of a high-profile case against the Adani Group, marking
Gautam Adani’s wealth has surged by $13 billion over two trading sessions, following key regulatory relief that eased investor concerns and triggered heavy buying across his listed companies. The sharp rise in market value comes after the Securities and Exchange Board of India (SEBI) dismissed parts of a high-profile case against the Adani Group, marking
4.8KShares in ASM International fell on Tuesday after the Dutch supplier of semiconductor-manufacturing equipment revised its full-year forecast, citing weaker-than-expected demand in the final months of the year. The stock slipped 2.4% to 488.50 euros in early European trading, extending its year-to-date decline to 13%. The Amsterdam-listed company now expects full-year revenue to land at
Shares in ASM International fell on Tuesday after the Dutch supplier of semiconductor-manufacturing equipment revised its full-year forecast, citing weaker-than-expected demand in the final months of the year. The stock slipped 2.4% to 488.50 euros in early European trading, extending its year-to-date decline to 13%. The Amsterdam-listed company now expects full-year revenue to land at
3.4KMost commodities were in the green on Thursday even as gold prices hit new record highs on safe-haven demand. Oil prices recovered some of their losses from the last few sessions as India may stop buying Russian crude oil, which could reshape global oil flows. Meanwhile, silver prices rose more than 2% on Thursday as
Most commodities were in the green on Thursday even as gold prices hit new record highs on safe-haven demand. Oil prices recovered some of their losses from the last few sessions as India may stop buying Russian crude oil, which could reshape global oil flows. Meanwhile, silver prices rose more than 2% on Thursday as
2.3KTSMC stock was in the red in early trading on Thursday, even as the company posted strong quarterly results. US-listed shares of the Taiwanese chipmaker were down around 0.77% to trade at $302.36. On the other hand, Nvidia stock rose 1.2%, while Broadcom jumped 1.3% on AI optimism fueled by the company’s results. At the
TSMC stock was in the red in early trading on Thursday, even as the company posted strong quarterly results. US-listed shares of the Taiwanese chipmaker were down around 0.77% to trade at $302.36. On the other hand, Nvidia stock rose 1.2%, while Broadcom jumped 1.3% on AI optimism fueled by the company’s results. At the
