Browsing: Business
Inflation across the euro area accelerated to 3.2% in May, its highest level since 2023, strengthening expectations that the European Central Bank is preparing to raise…
China’s Factory Growth Stalls as Energy Shock and Weak Domestic Demand Weigh on Economy
China’s manufacturing sector showed little sign of expansion in May, with official data indicating activity slipping to its weakest level in three months as global energy…
US-Iran Diplomacy Stalls Amid Escalating Strikes, Regional Tensions, and Oil Market Jitters
Iran’s Foreign Ministry has blamed deep mistrust, shifting US positions, and ongoing regional conflict for delays in diplomatic efforts aimed at ending the war between Washington…
US Central Command has reported that American forces fired on a merchant vessel in the Gulf of Oman after it repeatedly ignored warnings while attempting to…
Ferrari’s First Electric Supercar “Luce” Sparks Backlash After High-Profile Unveiling
Ferrari has unveiled its first fully electric vehicle, the Luce, in a launch that drew global attention but also triggered strong backlash from critics, investors and…
Oil Prices Drop as Markets React to Hopes of US-Iran Peace Deal and Strait of Hormuz Reopening
Global oil prices fell sharply while Asian stock markets rallied on Monday, driven by growing optimism that the United States and Iran may be nearing a…
OpenAI, the company behind ChatGPT, is moving toward a public listing in what could become one of the largest initial public offerings in stock market history,…
Elon Musk’s SpaceX has postponed the latest launch of its Starship rocket, pushing the highly anticipated test flight to Friday after a technical issue forced a…
Meta Platforms has reached a settlement with a US school district that accused the company of contributing to a youth mental health crisis through the design…
Europe’s Richest 0.1% Take 4.5% of Income on Average, but Gap Across Countries Remains Wide
The richest 0.1% of earners in Europe receive around 4.5% of total income on average, according to data from the World Inequality Database, but the share…
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