Tesco, Britain’s largest supermarket group, raised its full-year profit forecast on Thursday after a strong first half in which hot weather and competitive pricing helped it win market share from rivals.The group, which holds 28.4% of Britain’s grocery market, said it now expects adjusted operating profit for the 2025/26 year…
Chinese automakers are steadily reshaping Europe’s hybrid car market, seizing a record 9.8% share of sales in August. The surge highlights a strategic pivot by companies like BYD, SAIC’s MG, and Zhejiang Leapmotor as European Union tariffs weigh heavily on imports of fully electric vehicles. While electric vehicle sales remain…
A high-volume cyberattack has put global corporations on alert as hackers linked to the Cl0p ransomware gang target executives through extortion campaigns. The attackers claim to have stolen sensitive data from Oracle’s E-Business Suite applications, which are widely used to manage financial transactions, supply chains, and customer records. According to…
On Wednesday, Europe witnessed various geopolitical and financial market developments. Investors monitored a potential escalation in Russia-EU tensions, notable gains in pharmaceutical stocks, and market movements in Europe, while security authorities in Germany arrested alleged Hamas operatives.Russia to nationalize and sell foreign assetsRussia is preparing a mechanism to nationalize and…
Wednesday started with uncertainties all over the space as the US government shutdown came in effect after the Senate failed to secure short-term funding, spreading an air of caution across the globe.Meta came with a new feature, which might change the interface for users, as now the company will use…
US President Donald Trump said he would confront Chinese President Xi Jinping later this month over Beijing’s refusal to buy American soybeans, escalating tensions in a long-running trade dispute that has weighed heavily on US farmers. The announcement marks the latest development in the fragile economic relationship between the world’s…
Wednesday brought a mix of economic, corporate, and political developments across the United States, with major movements in the technology, manufacturing, and financial sectors. Intel shares gained on reports of early-stage talks with AMD to become a foundry customer, signaling potential growth for the chipmaker’s manufacturing division. Meanwhile, US manufacturing…
A day of significant global developments is underway, as Thailand signals a major expansion of its cryptocurrency ambitions, a key Japanese bond auction flashes a warning sign to investors, and a powerful real estate boom takes hold in the heart of New York City.Here’s your one-stop stand to catch up…
Oil prices saw an increase on Thursday, recovering from three previous sessions of losses. This rise was attributed to the potential for stricter sanctions on Russian crude, which offset ongoing market concerns about oversupply.According to experts, prices are expected to remain in a range for the next few sessions ahead of…
Tesco, Britain’s largest supermarket group, raised its full-year profit forecast on Thursday after a strong first half in which hot weather and competitive pricing helped it win market share from rivals.The group, which holds 28.4% of Britain’s grocery market, said it now expects adjusted operating profit for the 2025/26 year…