Australia’s consumer inflation accelerated in October, rising faster than economists had expected and marking its quickest pace in seven months, the latest data from the Australian Bureau of Statistics (ABS) showed on Wednesday.The consumer price index (CPI) increased 3.8% year-on-year in October, surpassing the 3.6% rise forecast in a Reuters…
Up to a point, Romania’s economy had all the tools at its disposal to become Europe’s biggest success story. Growth outpaced most of the bloc. Incomes rose fast. Foreign investors poured in. But the current situation is not so hopeful. Romania’s economy is in a weak shape, with serious vulnerabilities. And…
Italy’s antitrust regulator has widened its investigation into Meta Platforms after identifying new concerns linked to the company’s artificial intelligence tools on WhatsApp.The latest move shifts the case beyond the original scope set earlier this year, focusing on how Meta’s updated WhatsApp Business Solution terms and its expanded AI features…
Germany’s economic recovery remains fragile and could weaken further without structural reforms to boost long-term growth, the International Monetary Fund warned in its latest assessment of the country. In an annual Article IV report released Wednesday, the fund signaled that Europe’s largest economy risks falling short of meaningful expansion unless…
Volatility in energy markets, especially oil prices, is far from over amid the uncertainty surrounding the peace deal between Russia and Ukraine. Last Friday, the West Texas Intermediate oil prices fell to their lowest level of $56 per barrel in a month after having traded close to $61 earlier in the…
Carnival share price suffered a harsh reversal this week, falling to the lowest level since June 24. It has dived by 24.35% from its highest point this year, erasing billions of dollars in value as its market capitalization dropped from the year-to-date high of $42.3 billion in September to $32…
Zscaler stock price erased the gains made in the regular session after the company published strong results and a mild forward estimate. It initially rose by 3.35% on Tuesday to $290 and then retreated by over 7% to $266.90 in the extended hours. It settled to the lowest point in…
UK bank stocks popped by over 3% on Tuesday as investors waited for the upcoming Rachel Reeves budget reading and as traders anticipated more returns. Lloyds share price jumped by 3.78% to 90.69p, up from this week’s low of 85.86. It has jumped by over 80% from its lowest level this…
The Nifty 50 Index has jumped to a record high this year despite the Indian economy facing major challenges, including tariffs, retail investors selling, and a plummeting rupee. It was trading at ₹26,167 on Wednesday, a few points below the all-time high of ₹26,260.Indian retail investors are dumping sharesThe Nifty…
Global markets opened the week with a wave of developments spanning technology, cryptocurrencies, and geopolitics. Google advanced its artificial intelligence ambitions with new efforts to expand the reach of its custom chips, while Bitcoin and major altcoins rallied on increasing confidence that the Federal Reserve will cut interest rates in…