The South African rand is having a great performance this year even as the country’s economy face substantial risks. The USD/ZAR exchange rate was trading at 17.30, its lowest level since November last year. It has plunged by over 13% from its highest level this year, making it one of…
European shares edged higher on Monday, lifted by gains in healthcare and technology, as investors weighed the risk of a US government shutdown that could delay the release of key economic data.Major European stock indices opened higher on Monday as investors awaited key economic data, including Spain’s inflation and retail…
GSK announced on Monday that Chief Executive Emma Walmsley will step down after nine years in the role, with current Chief Commercial Officer Luke Miels set to take over on January 1. The transition marks a major shift for the UK-based drugmaker as it seeks to define its long-term growth…
Tata Capital Ltd. is preparing India’s biggest share sale of 2025, with its initial public offering seeking to raise up to 155 billion rupees. The deal is designed to expand the company’s tier-1 capital base while meeting regulatory requirements.The financial services arm of Tata Sons will offer as many as…
AstraZeneca announced plans to change how it lists shares in the United States by moving from American depositary receipts (ADRs) on Nasdaq to a direct listing of its ordinary shares on the New York Stock Exchange. The decision, revealed on Monday, is part of a broader restructuring of its listing…
The TikTok deal has intrigued the markets experts, not just because of its $14 billion price tag but because of what it represents: a rare blend of politics, regulation, and corporate strategy colliding in real time. For many investors, the deal is less about numbers on a balance sheet and…
Following a social media post by US President Donald Trump over the weekend, which suggested potential health benefits from cannabidiol use, shares of cannabis companies rose in early premarket trading on Monday, according to a Reuters report.In a post on Sunday, Trump suggested that cannabidiol (CBD) holds significant promise for…
BP, a British energy major, announced on Monday its decision to proceed with a $5 billion offshore drilling project in the US Gulf of Mexico. This move highlights the company’s dedication to rebuilding its oil and gas business in the American region.The Tiber-Guadalupe project, a significant undertaking in the oil and…
OpenAI has unveiled robust new parental controls for its flagship chatbot, ChatGPT, marking a pivotal move toward protecting teenagers online. The initiative comes against the backdrop of mounting concern over AI’s influence on youth, especially after a high-profile lawsuit alleged ChatGPT played a role in a teen’s suicide. Parents, educators,…
Huawei Technologies Co. is preparing to step up its production of advanced artificial intelligence chips despite persistent US sanctions and manufacturing hurdles. The Shenzhen-based company, working with Semiconductor Manufacturing International Corp. (SMIC), aims to distribute as many as 1.6 million Ascend dies in 2026, up from about 1 million this…