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US braces for inflation report that may push Fed to hike rates
A consumer inflation report due Friday could pave the way towards the US central bank's first interest rate hike in more than three years, as the war with Iran drives energy costs higher.
Putin arrives in India for BRICS summit coloured by wars
Russian President Vladimir Putin arrived in the Indian capital on Friday ahead of an 11-member BRICS summit set to be dominated by wars in the Middle East and Ukraine, as well as economic challenges.
Musk threatens legal action over documentary
Elon Musk's lawyers put the makers of a new four-hour documentary about the multibillionaire on formal legal notice days before its premiere, warning that the film defames him.
Carney says in touch with Trump, Canada ready for 'fair' trade deal
Prime Minister Mark Carney said Thursday that he had spoken to US President Donald Trump "in recent days" and Ottawa remains ready to reach a "fair" trade deal with Washington, despite escalating economic tensions.
Latin America fact-check group asks Meta not to replace verification practice
A Latin American fact-checking network on Thursday asked Meta not to replace the verification practice with Community Notes after the company said it was testing the crowdsourcing system in the region.
Tag Markets Names Craig Lund Chief Executive Officer
The appointment brings a veteran of regulated digital-asset and brokerage businesses to a firm turning its focus from growth alone to the foundations that sustain it.
AI Risks to Enter 60–80% of Liability and Cyber Insurance Underwriting by 2028, ScienceSoft Predicts
ScienceSoft has released proprietary research on how midsize US insurers will address artificial intelligence (AI) risks in coverage and underwriting through 2028. Drawing on insurance market data, perspectives from industry experts, and ScienceSoft’s experience working with insurance organizations, the research examines whether growing AI-related losses will lead to a new class of AI-specific insurance.
ECB lifts borrowing costs amid energy shock, opens door for more hikes
The European Central Bank raised interest rates Thursday for the second time this year as renewed Middle East fighting fans fears of higher inflation, and opened the door for further hikes.
Tribal Launches Campfire, Letting Business and Technical Teams Build on Salesforce Together
Tribal’s Campfire is a shared canvas that lets enterprises build and change their own Salesforce org at the speed of business, with security, permissions and dependencies intact
Global Tokenized Real Estate Market to Hit up to $3 Trillion by 2030, ScienceSoft Predicts
ScienceSoft has released new proprietary research on the role of tokenization in the real estate investment landscape. Drawing on market statistics, firsthand perspectives from industry experts, and ScienceSoft’s experience delivering technology projects in the niche, the report examines whether tokenized real estate will evolve into a mainstream investment vehicle.
Stocks fall as fresh oil surge fans inflation fears
Stock prices fell Thursday after oil prices pushed higher on expectations of a prolonged Mideast war against Iran, fanning inflation fears that saw the European Central Bank lift its key interest rate.
US producer inflation tops expectations as diesel costs jump
US wholesale inflation picked up more than expected in August, government data showed Thursday, driven by higher energy costs in the month -- particularly for diesel -- as the US war with Iran continued.
ECB hikes borrowing costs to combat Mideast energy shock
The European Central Bank raised interest rates Thursday for the second time this year as renewed fighting in the Middle East sends energy prices soaring, threatening to push widespread inflation higher.
Evolution Metals & Technologies Provides Initial Revenue Guidance of $400-460mm for Fiscal Year 2027
Fiscal 2027 outlook of $400 million to $460 million reflects the expected first full-year contribution from the expansion of annual rare earth magnet production capacity in Pohang, Republic of Korea, to approximately 10,000 metric tons, including approximately 6,000 metric tons of high-performance sintered NdFeB magnets, as the January 1, 2027 DFARS mine-to-magnet restriction takes effect
Oil prices extend gains as markets await ECB rate outlook
Oil prices rose further Thursday on resurgent Middle East hostilities, fanning concerns about high inflation that is widely expected to push the European Central Bank to raise interest rates this afternoon.
'Metal Gear' creator moves to Xbox after Playstation cancellation
Legendary Japanese video game creator Hideo Kojima said Thursday he had partnered with Microsoft's Xbox for his next project after its development for the PlayStation console was cancelled by Sony.
Zamanat Targets GCC’s $250 Billion SME Financing Gap With Up to $100 Million Tokenized Private Credit Fund
Zamanat Fund CEIC Limited is the company’s first live proof point for regulated fund tokenization on ZIGChain focused on GCC private credit.
Alessio Vinassa Unveils an Emerging Technology Investment Approach Shaped by Financial Challenges
Tech entrepreneur and angel investor Alessio Vinassa today announced the expansion of his investment framework focusing on the convergence of artificial intelligence and cybersecurity, applying strategic risk-mitigation model lessons derived from managing high-pressure financial turnarounds to emerging enterprise technologies. Before he began investing across artificial intelligence, cybersecurity, Web3 and innovative finance, he faced a financial collapse that changed how he understood risk.
Stocks drop as oil spike fans inflation and interest rate fears
Asian stocks fell Thursday and Brent oil held gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.
Stocks sink as oil rally fans inflation and rate hike fears
Asian stocks fell Thursday as oil prices extended gains a day after breaking the psychological $100 barrier on the back of resurgent Middle East hostilities that have fanned inflation fears.
Argentine industry reels from Milei's free-market revolution
In the gloom of a vast warehouse in Argentina, the machines lying idle next to boxes of unsold merchandise represent the collapse of manufacturing under President Javier Milei.
Myanmar tin mega-mine restarts operations: think tank
One of the world's biggest tin mines, located in an autonomous region of war-torn Myanmar, is resuming operations suspended since 2023 and ramping up exports to China, a think tank said Thursday.
Eurozone rate-setters to hike borrowing costs as energy prices jump
With renewed Middle East clashes stoking energy prices and putting upward pressure on inflation, the European Central Bank is expected on Thursday to raise interest rates for the second time this year.
Ralph Lauren opens fur-free New York Fashion Week
Legendary US designer Ralph Lauren on Wednesday kicked off New York Fashion Week with his namesake brand's Spring/Summer 2027 collection, as the industry showcase implements its first full ban on fur on the runway.
Bond yields jump despite $6 bn US government intervention
Yields on long-term US Treasury bonds surged Wednesday after a $6 billion government bond buyback that disappointed markets that had expected a bigger number.
US-blockaded Cubans appeal to 'Cachita' for divine intervention
Father-to-be Carlos Trejo paid his respects to Cuba's patron saint as he and thousands more marked the annual celebration in her name, wondering what fate awaits the US-blockaded island.
How hot can the US-Canada trade war get?
The US-Canada trade war has escalated rapidly, rupturing what was once one of the world's closest economic partnerships.
Belgium raids illicit cigarette factory in push to stub out growing trade
The smell of tobacco hung thick in the air as dozens of customs officers on Wednesday raided an illicit cigarette factory in a warehouse in Belgium -- a growing hub for counterfeit producers.
Amboss and Aureo Connect the Lightning Network to Mexico's Banking System
Businesses and individuals anywhere in the world can now send payments that arrive as pesos in a Mexican bank account in seconds
Brent oil passes $100 on Mideast flare-up, stoking inflation fears
International oil benchmark Brent spiked above $100 a barrel Wednesday for the first time since late July following renewed US-Iran hostilities in the Middle East, stoking fears of widespread price rises and interest rate hikes.
Meta tests fact-check replacement in Latin America
Meta said Wednesday it had begun testing Community Notes in 16 Spanish-speaking countries in Latin America, a step toward replacing the professional fact-checking program it runs with partner organizations across the region.
France far right expels policeman member over racist remarks
France's main far-right party has expelled a member who is a policeman after body cam footage of him making racist comments sparked outrage ahead of presidential elections it hopes to win next year.