The European Union has announced an €11.5 billion investment plan for South Africa, targeting renewable energy, transport, and healthcare projects as part of its broader strategy to secure critical minerals and strengthen supply chains. The new commitment deepens Europe’s push to reduce its dependency on imports from China while reinforcing…
Alphabet Inc.’s Google has become the first company in the UK to be formally designated with “strategic market status” (SMS) by the Competition and Markets Authority (CMA). The new designation gives the regulator powers to monitor and control how Google operates its online search and advertising businesses, marking a major…
Applied Digital (NASDAQ: APLD) rallied more than 20% this morning after posting blockbuster financials for its first quarter that came in well above Street estimates.The artificial intelligence (AI) infrastructure firm posted $64.2 million in revenue, well above $45 million that analysts had forecast, and a narrower-than-expected adjusted loss of only…
Dow futures edged higher on Friday as investors displayed cautious optimism in the backdrop of the US government shutdown entering its tenth day.Extra focus is expected to be poured on the University of Michigan’s consumer sentiment report, which is set to release on Friday, as investors look for an economic…
A powerful and shallow offshore earthquake with a preliminary magnitude of 7.6 has rocked the Davao Oriental province in the southern Philippines, triggering an urgent tsunami warning and forcing a desperate race to higher ground for coastal communities. The violent tremor, which struck on Friday morning, has put the entire…
A day of significant global developments is underway, as the United States and Japan pledge to move forward on a landmark trade deal, the US Senate takes a major step to curb China’s access to advanced technology, and a leading crypto exchange in Hong Kong prepares for a major public…
Gold’s historic rally this year has prompted analysts to revise their forecasts for the yellow metal with ING Group being the latest to scale up their outlook.Gold broke through the $4,000-per-ounce mark for the first time on October 8, propelled by mounting worries about the US economy and a potential…
With the world’s attention turning to Oslo for the announcement of the 2025 Nobel Peace Prize, US President Donald Trump has launched a stunning and preemptive rhetorical strike, not against a current nominee, but against a past winner: his predecessor, Barack Obama. In a scathing rebuke from the Oval Office,…
Japan’s Finance Minister, Katsunobu Kato, has issued a renewed warning over sharp movements in the yen after the currency slid to its weakest level in eight months against the dollar on Friday. The yen briefly touched 153.27 before recovering slightly to trade around 152.94, as political uncertainty and monetary policy…
Venezuelan opposition leader María Corina Machado has been awarded the 2025 Nobel Peace Prize for her decades-long struggle to restore democracy and uphold human rights in Venezuela.The Norwegian Nobel Committee said Friday that Machado was chosen “for her tireless work promoting democratic rights for the people of Venezuela and for…