Asian-Pacific markets tumbled on Friday, with Japan taking the brunt of the selling pressure, as Wall Street experienced renewed losses overnight. The renewed risk-off sentiment stems from escalating trade war tensions between the world’s two largest economies, offsetting earlier optimism following a brief tariff reprieve. Australia’s S&P/ASX 200 fell 2.28%, reflecting the widespread nature of […]
Stocks declined on Thursday, reversing half of the previous session’s historic gains, as investors responded to US President Donald Trump’s 90-day reprieve on some “reciprocal” tariffs with concern that economic activity will still be slowed by the higher rates imposed on China. At the time of writing, the Dow Jones Industrial Average slipped by more […]
European equities rebounded sharply on Thursday after US President Donald Trump announced a temporary pause in full reciprocal tariffs on most trade partners, offering a brief reprieve amid ongoing trade tensions. However, US markets failed to sustain their momentum from the previous session and fell back into negative territory. Best day in years for European […]
In a defining moment for the luxury fashion world, Prada announced on Thursday that it will acquire Versace for 1.25 billion euros ($1.38 billion) from New York-based Capri Holdings. This is the biggest luxury deal of the year, bringing a dramatic conclusion to Capri’s ambitious yet troubled quest to build an American fashion powerhouse to […]
Wall Street may have finally broken through Donald Trump’s hard stance on tariffs. After a week of escalating fears about a potential economic crisis, two of the biggest names in finance — Jamie Dimon and Bill Ackman — appear to have played pivotal roles in persuading Trump to hit pause on his aggressive trade measures. […]
Electricity demand to power AI technology and data centres by the end of this decade will require more than Japan’s electricity consumption today. The consumption of electricity by data centres is projected to increase by over two times, reaching approximately 945 Terawatt-hour by the year 2030, according to a report released by the International Energy […]
European markets posted sharp gains on Thursday following a surprise move by US President Donald Trump to postpone a new round of tariffs on dozens of countries, including the European Union. The announcement, made late on Wednesday, triggered a major rally across global equities, as investors responded to signs of easing trade tensions between two […]
Rolls-Royce share price pared back some of the losses made earlier this month as Donald Trump’s trade war eased. After bottoming at 560p on April 7, it has soared to a high of 790p on Thuesday, a few points below the all-time high of 815p. So, will the stock keep rising and possibly hit 1,000p […]
European markets posted sharp gains on Thursday after US President Donald Trump unexpectedly postponed a new round of tariffs on dozens of countries, including the European Union. The decision sent relief rippling through financial markets, with the FTSE 100 surging by more than 4% to mark its biggest daily gain in months. However, the buoyant […]
Barry Callebaut, a Swiss chocolate maker, lowered its annual sales volume forecast on Thursday due to “unprecedented volatility” in cocoa bean prices. This development led to a significant drop in the company’s shares, which were down almost 20%, on track for their largest-ever one-day decline, Reuters reported on Thursday. The world’s largest chocolatier, a major […]