History has been made in Japan, but it is a history forged in crisis and defined by a sharp and decisive turn to the right.The nation’s parliament on Tuesday elected the ultraconservative Sanae Takaichi as the country’s first female prime minister, a landmark moment that was only made possible by…

Britain’s government borrowing exceeded official forecasts by £7.2 billion ($9.6 billion) in the first six months of the fiscal year. This marks a significant deterioration that highlights the challenge facing Chancellor of the Exchequer Rachel Reeves as she prepares to deliver a crucial budget statement next month.The figures underscore the fragile state…

Major US banks, including JPMorgan Chase, Bank of America and Goldman Sachs, are reportedly refusing to lend Argentina $20 billion without explicit assurances or collateral, according to The Wall Street Journal.The reluctance highlights the difficulties fending off attempts to stabilise the South American nation’s finances as its economy falters and…

What happens when the factories that are powering Europe’s biggest economy start shrinking? When an export-based economy stops exporting? The continent’s manufacturing engine is now facing both as Germany’s industrial output is shrinking.After years of near-constant expansion, the country’s core industries are now caught in a structural slowdown that feels…

HSBC has appointed former NatWest executive David Lindberg as the new chief executive of its UK business, marking the latest leadership change under group chief executive Georges Elhedery. The move comes as the lender continues to reshape its structure and strengthen its focus on core markets.Lindberg, who served as head…

European leaders have thrown their support behind Donald Trump’s call for an immediate ceasefire in Ukraine, marking a rare moment of alignment between the United States and Europe on the path to peace in the nearly four-year-old war. The joint statement, released on Tuesday, called for fighting to stop along…

The highly anticipated second summit between US President Donald Trump and Russian President Vladimir Putin faces uncertainty after preparatory talks between their top diplomats were postponed indefinitely, a report by CNN said on Tuesday.The development casts a shadow over what was expected to be a landmark meeting in Budapest that…

Dow futures slipped around 70 points on Tuesday, or 0.2%, as investors prepared for a busy week of corporate earnings, including major companies like General Motors and 3M.The plunge came a day after all Wall Street indices displayed considerable gains of over 1%.Market optimism was fueled by hopes for a…