On Monday, CK Hutchison announced ongoing discussions with a consortium regarding its $22.8 billion ports business. The talks involve incorporating a significant Chinese strategic investor into the bid, according to a Reuters report. The development follows Beijing’s indication of a probe into the deal, prompted by escalating Sino-US tensions.The Hong Kong-based conglomerate…
The CAC 40 Index futures jumped by over 1% on Monday, reaching a high of €7,930, up from last Friday’s closing point at €7,835. It has jumped by over 15% from its lowest point in April. US and European Union trade dealThe main catalyst for the ongoing surge in the CAC…
European stock markets rallied on Monday, with the regional Stoxx 600 index climbing to a four-month high, as investors cheered the announcement of a framework trade agreement between the United States and the European Union. The deal, which averts the threat of much steeper tariffs, has ignited a broad-based rally,…
The United States and the European Union announced on Sunday a broad framework for a new trade agreement aimed at defusing tensions between the two economic giants and preventing what could have become a damaging transatlantic trade war.The deal imposes a uniform 15% tariff on most goods exported from the…
Alibaba has announced its entry into the AI-powered wearables market with the launch of Quark AI Glasses, set for release in China by the end of 2025.The glasses are powered by the company’s proprietary Qwen large language model and its AI assistant, Quark. With this, the Hangzhou-headquartered e-commerce giant becomes…
Most mines have recovered from loss-making positions due to the platinum price rally in the first half of 2025, but the industry is still a long way from adding new production, Valterra Platinum CEO Craig Miller said on Monday.“About 90% of the industry is now making money or just breaking…
Tesla Inc (NASDAQ: TSLA) has been a rocky ride lately, shedding nearly 13% over the past two months amid disappointing delivery numbers and growing concerns over its automotive business at large.In a recent CNBC interview, Victoria Greene – the chief investment officer of G Squared Private Wealth – didn’t mince…
Recent activity in the wheat market has led to price fluctuations within a narrow band. Prices have hovered around 540 US cents per bushel on the CBOT and EUR 200 per ton on Euronext, reflecting mixed news.“The supply coming onto the market as a result of the ongoing harvests has been…
On Monday, CK Hutchison announced ongoing discussions with a consortium regarding its $22.8 billion ports business. The talks involve incorporating a significant Chinese strategic investor into the bid, according to a Reuters report. The development follows Beijing’s indication of a probe into the deal, prompted by escalating Sino-US tensions.The Hong Kong-based conglomerate…
In the past two years, Türkiye’s economy has undergone one of the most aggressive reorientations in its modern history. Interest rates have risen by over 40 percentage points while inflation has fallen from 80% to 35%. This prompted three major credit rating agencies to upgrade the country’s ratings. But it’s not all…