Israel’s stock market has defied the odds to become the strongest performer in the Middle East over the past 22 months of conflict, reaching record highs even as the country navigates multiple wars, political unrest, and allegations of war crimes.The Tel Aviv Stock Exchange (TASE), which initially plunged 23% in…
Swedish defense group Saab reported stronger-than-expected second-quarter earnings and raised its 2025 sales guidance, as rising global defense budgets continue to fuel demand for its combat systems and aircraft. Shares rose over 12% after the company posted operating income of 1.98 billion Swedish kronor ($204 million), comfortably ahead of analyst…
China is reportedly threatening to obstruct the sale of over 40 ports, currently owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC). Beijing’s condition for approving the deal is a stake for Chinese shipping giant Cosco, according to a Wall Street Journal report, quoted by Reuters. This development…
Europe is full of smart founders, strong universities, and brilliant engineers. But most of its startups stay small or move to the US to grow. While the continent creates more startups than the US, few survive past the early stages. Now, a new proposal, called EU Inc, wants to change…
Donald Trump’s administration is preparing to sign an executive order that could radically transform the US retirement landscape by opening the country’s $9 trillion 401(k) market to cryptocurrencies, gold, private equity, and other alternative assets.The move—confirmed by three sources cited in the Financial Times report—would represent the most significant regulatory…
In a historic development for the digital asset sector, Congress passed the first federal legislation to regulate stablecoins on Thursday. The bill, a centerpiece of what former President Donald Trump has dubbed “Crypto Week,” sets the groundwork for a regulatory framework overseeing dollar-linked tokens. The legislation gained broad bipartisan support…
Asian stock markets began Friday’s session with modest gains, as a rally in global equities gained fresh momentum from strong US economic data that helped to ease concerns about a potential slowdown in the American economy. While most regional indices advanced, Indian benchmarks like the Sensex opened on a weaker…
Japan’s key measure of consumer prices cooled slightly more than expected in June, but remained well above the Bank of Japan’s target. This persistent inflation continues to exert pressure on Prime Minister Shigeru Ishiba’s government, which faces a crucial national election on Sunday, and keeps the central bank on a…
Global upstream merger and acquisition (M&A) activity saw a significant decline in the first half of 2025, reaching just over $80 billion—a 34% drop compared to the same period in 2024, according to Rystad Energy. “The slowdown is due mainly to volatile oil prices, tariff uncertainties, higher OPEC+ production and fewer…
BHP Group, a global mining giant, announced a significant setback at its Jansen potash project in Canada, revealing a delay in its timeline and a projected cost overrun of up to $1.7 billion. This disclosure on Friday underscores the complexities and financial challenges inherent in large-scale mining developments. Despite this hurdle, the…