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ECB’s Rationale for Rate Cut and Its Short- to Medium-Term Strategy Amid Lingering Uncertainties

P&G Feels Brunt of Consumer Uncertainty: Job Cuts and Brand Exits Reflect Shifting Spending Patterns

Reader's Pick

Walmart Signals Price Hikes Ahead Amid Mounting Tariff Pressure and Rising Costs 15/05/2025

U.S. Aviation Boost as $14.5 Billion Etihad Deal Signals Surge in Boeing Exports and Jobs 16/05/2025

M&S’s Protracted Cyber Recovery: Assessing Long‑Term Ramifications 20/05/2025

Global Markets and Leaders Recoil as Trump’s New Tariff Threats Against EU Spark Broad Backlash 24/05/2025

AI Technologies Emerge as Critical Tools for Companies Weathering Tariff Uncertainty 24/05/2025

Latest Business News
ECB’s Rationale for Rate Cut and Its Short- to Medium-Term Strategy Amid Lingering Uncertainties

ECB’s Rationale for Rate Cut and Its Short- to Medium-Term Strategy Amid Lingering Uncertainties

Markets

On Thursday, the European Central Bank (ECB) reduced its key interest rates by 25 basis points, bringing the deposit rate down to 2.00 percent. While policymakers acknowledged that headline inflation has finally returned to the ECB’s 2 percent target, they emphasized that the decision was driven not by a single data point but by a broader need to safeguard the fragile euro-zone recovery. ECB...
P&G Feels Brunt of Consumer Uncertainty: Job Cuts and Brand Exits Reflect Shifting Spending Patterns

P&G Feels Brunt of Consumer Uncertainty: Job Cuts and Brand Exits Reflect Shifting Spending Patterns

Companies

Procter & Gamble (P\&G), the world’s leading consumer goods company, announced plans to cut 7,000 jobs over the next two years and exit select product categories as it navigates heightened consumer uncertainty. Once seen as a stable bastion of household staples, P\&G now faces sluggish demand across multiple segments as shoppers trim discretionary spending, gravitate toward private...
From Startup to Revenue Powerhouse: How Anthropic Scaled to $3 Billion in Annualized Sales

From Startup to Revenue Powerhouse: How Anthropic Scaled to $3 Billion in Annualized Sales

Companies

In just a few short years, artificial intelligence developer Anthropic has vaulted from a scrappy newcomer to an enterprise juggernaut, reaching approximately \$3 billion in projected annual sales. That milestone, which reflects the company’s rapid revenue growth over the past six months, underscores a surging appetite among businesses for AI-driven solutions. Rather than relying solely on...
China Seeks Relief as Auto Price Wars Threaten Industry Viability

China Seeks Relief as Auto Price Wars Threaten Industry Viability

Markets

China’s central government is increasingly alarmed by the deepening price wars that have engulfed its sprawling automotive sector. Officials and industry leaders alike warn that steep discounts and aggressive undercutting are inflicting long-term damage on manufacturers’ profitability, stifling research and development, and imperiling the broader goals of sustainable growth. With electric and...
Tariffs Stay Put: What It Means for U.S. Businesses and Global Trade

Tariffs Stay Put: What It Means for U.S. Businesses and Global Trade

Markets

When a federal appeals court granted a temporary stay on a lower court’s decision overturning President Trump’s broad tariffs, it effectively ensured that his duties on a vast array of imported products remain in place for the time being. That stay means U.S. importers will continue paying levies on goods from many trading partners, compounding uncertainty for companies whose supply chains...
Xiaomi’s YU7 Aims Direct Duel with Tesla Model Y: An Ambitious Challenge in China’s EV Arena

Xiaomi’s YU7 Aims Direct Duel with Tesla Model Y: An Ambitious Challenge in China’s EV Arena

Companies

As electric-vehicle (EV) competition in China reaches fever pitch, Xiaomi has unveiled its highly anticipated YU7 sports utility vehicle (SUV), positioning it squarely against Tesla’s market-leading Model Y. Known predominantly for its smartphones and smart home devices, Xiaomi is banking on its integrated ecosystem, aggressive pricing, and feature-rich package to carve out market share from...
US Export Curbs on Chip Software and Chemicals to China Send Shockwaves Across Tech and Manufacturing Sectors

US Export Curbs on Chip Software and Chemicals to China Send Shockwaves Across Tech and Manufacturing Sectors

Markets

The Biden administration has imposed sweeping new export controls on a wide array of technologies headed to China, tightening restrictions on semiconductor design software, critical chemicals, industrial machinery and aviation components. Announced quietly in late May, the measures require U.S. and allied suppliers to secure licenses before shipping electronic design automation (EDA) tools,...
Robinhood Unveils Desktop Trading in UK to Court Seasoned Retail Investors

Robinhood Unveils Desktop Trading in UK to Court Seasoned Retail Investors

Companies

Robinhood has officially launched its desktop trading platform, Robinhood Legend, in the United Kingdom, signaling a strategic pivot to attract experienced retail traders seeking advanced tools and deeper market engagement. After its initial U.S. debut in October of last year, the browser-based platform is now available to UK customers at no extra cost, offering a fully customizable interface,...
Salesforce Aims to Cement Data-Driven AI Dominance with $8 Billion Informatica Acquisition

Salesforce Aims to Cement Data-Driven AI Dominance with $8 Billion Informatica Acquisition

Companies

Salesforce has announced its intention to acquire Informatica for approximately \$8 billion, signaling a strategic push to strengthen its capabilities in data management and artificial intelligence. By integrating Informatica’s established data integration and governance technologies into its cloud ecosystem, Salesforce aims to deliver a more unified, AI-optimized platform for enterprise...
Shein Shifts Focus to Hong Kong IPO After London Plans Face Regulatory Roadblocks

Shein Shifts Focus to Hong Kong IPO After London Plans Face Regulatory Roadblocks

Companies

Fast-fashion juggernaut Shein has redirected its long-awaited initial public offering (IPO) toward Hong Kong after its ambitious plan for a London listing hit unexpected snags. Industry insiders say the China-founded e-commerce behemoth, renowned for its ultra-affordable apparel and rapid product turnover, postponed the London float after Chinese regulators withheld the necessary green light. By...
Europe’s EV Boom Leaves Tesla Struggling—Why That Matters for the U.S. Automaker

Europe’s EV Boom Leaves Tesla Struggling—Why That Matters for the U.S. Automaker

Companies

In April 2025, sales of battery-electric vehicles (BEVs) across Europe surged nearly 28 percent year-on-year, yet Tesla’s deliveries in the region plummeted by almost half compared with the same month a year earlier. As rivals from Volkswagen to Chinese newcomer BYD ramp up production and cut prices, Tesla’s faltering performance in Europe—once its fastest-growing market outside North America—has...
Japan’s 40-Year Bond Auction Under Scrutiny as Indicator of Mounting Fiscal Strain

Japan’s 40-Year Bond Auction Under Scrutiny as Indicator of Mounting Fiscal Strain

Markets

When Japan’s Ministry of Finance (MoF) auctions its 40-year government bonds on May 28, all eyes will be on the bid-to-cover ratio and the yields setting in the secondary market. Investors and policymakers alike view this long-dated issuance not merely as a routine funding operation but as a barometer for the government’s fiscal health. With Japan’s debt-to-GDP ratio eclipsing 260 percent, the...

World

WHO Faces Major Budget Cuts: The Impact on Global Health

WHO Faces Major Budget Cuts: The Impact on Global Health
The World Health Organization (WHO) is bracing for significant financial cuts, signaling a major shift in global health governance. A proposed 21% reduction in its budget is expected to reshape its...

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread

UK Detects First Case of Bird Flu in a Sheep, Stoking Fears of Spread
In an unprecedented development, UK authorities have confirmed the first-ever case of bird flu (H5N1) in a sheep. The case was detected in northern England, where routine monitoring of farmed...

2024: A Year Marked By Escalating Climate Extremes

2024: A Year Marked By Escalating Climate Extremes
In 2024, the global community faced unprecedented climate challenges, with human-induced climate change significantly intensifying extreme weather events. A comprehensive analysis by World Weather...

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared

First Severe Human Bird Flu Case In U.S. Highlights Growing Health Concerns; Emergency Declared
The United States has reported its first severe human case of bird flu in 2024, involving a Louisiana resident who is hospitalized in critical condition. This marks a significant shift in the ongoing...

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals

Methane Emissions From Tropical Wetlands: A Growing Threat To Global Climate Goals
Tropical wetlands, long known for their ability to absorb vast amounts of carbon, are now emerging as a major contributor to methane emissions, significantly complicating global efforts to tackle...

People

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls

Trump Declines Further Debates As Harris Emerges As Debate Winner In Polls
Republican nominee and former U.S. President Donald Trump announced on Thursday that he would not participate in a third presidential debate against his Democratic rival, Vice President Kamala...

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals

Kamala Harris Targets GOP Economic Criticism With New Policy Proposals
Vice President Kamala Harris on Friday presented a comprehensive economic policy agenda aimed at countering criticisms from Republicans and addressing key middle-class concerns. Speaking in Raleigh,...

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg

Musk Gives To An Organisation That Supports Trump's Election: Bloomberg
According to a Bloomberg story quoting sources, billionaire Elon Musk, who has been criticising US President Joe Biden more and more, has contributed to a political organisation that aims to elect...

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age

New Study Finds People Who Were Class Bullies Could Make Higher Incomes In Their Middle Age
A recent study challenges the widely held belief that school bullies would eventually get their comeuppance by indicating that they are likely to end up with greater earnings. The Institute for...

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million

In A New York Corporate Fraud Lawsuit, Trump Slapped Fines And Interest Of $454 Million
A New York judge ruled in the former president's civil business fraud trial on Friday, ordering him to pay a total of approximately $454 million in penalties.   According to an attorney...