Economy

Alexander Spatari | Moment | Getty Images U.K. inflation held steady at the Bank of England’s 2% target in June, Official National Statistics data showed Wednesday. The headline reading came in above analyst expectations at 1.9%, according to economists polled by Reuters, and was in line with the previous 2% reading in May. Sterling rose […]

Global chip stocks fell sharply, with ASML , Nvidia and TSMC posting declines amid reports of tighter export restrictions from the U.S. and a ramp-up of geopolitical tensions fueled by comments from former U.S. President Donald Trump. ASML’s Netherlands-listed shares were down 11%, while Tokyo Electron shares in Japan closed nearly 7.5% lower. Arm […]

Newly produced electric vehicles are being seen at Tesla’s Shanghai Gigafactory in Shanghai, China, on December 31, 2023. Costfoto | Nurphoto | Getty Images BEIJING — New tariffs on Chinese electric cars aren’t enough to help foreign automakers stay competitive, especially in the lucrative China market, according to consulting firm AlixPartners. China is the world’s […]

Subsea cables are the backbone of the internet, carrying 99% of the world’s data traffic. Serg Myshkovsky | Photodisc | Getty Images U.S.-Chinese tensions surrounding technology have have sunk to sea lows. Subsea cables hit the headlines earlier this year after four out of 15 critical submarine cables in the Red Sea were cut amid […]

In this photo illustration, a visual representation of the digital Cryptocurrency, Bitcoin is on display in Paris, France, on March 5, 2024. Chesnot | Getty Images News | Getty Images Money launderers are increasingly using cryptocurrencies to conceal the origins and movement of illegally-obtained funds, according to a report by Chainalysis. The report, which studied […]

Former President Donald Trump was cheered and celebrated when he arrived at the Republican National Convention in Milwaukee Monday, his first public showing since the assassination attempt against him at his Pennsylvania rally. The former president was wearing a bandage over his right ear, but otherwise appeared to be in good spirits. As he walked […]

Former US President and Republican presidential candidate Donald Trump speaks during a campaign rally at the Historic Greenbrier Farms in Chesapeake, Virginia, on July 28, 2024. Jim Watson | Afp | Getty Images Trump Media shares closed up more than 30% Monday, two days after the attempted assassination of former PresidentDonald Trumpthe company’s majority shareholder. […]

SEOUL, SOUTH KOREA – FEBRUARY 09: People watch a television show North Korea’s 75th anniversary of the founding of the armed forces day military parade released by Korean Central News Agency (KCNA) in Seoul, South Korea.Chung Sung-jun | Getty Images News | Getty ImagesNorth Korea announced its plans to launch its first-ever military spy satellite… […]

People walking next to a Turkish national flag at the historical grand bazaar in Istanbul.Ozan Kose | AFP | Getty ImagesThe Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan.The currency was last trading at 20.29 against the greenback at around 11 a.m. Tuesday morning local time,… […]

The Shenzhou 16 spacecraft and its carrier rocket lift off from Jiuquan Satellite Launch Center on May 30, 2023 in Jiuquan, China.Kevin Frayer | Getty ImagesChina launched its Shenzhou-16 spacecraft crewed by three astronauts on Tuesday, the China Manned Space Agency said in a statement, declaring the launch a “complete success.”The agency said the Long… […]