In a significant financial move, Morgan Stanley is marketing a $5 billion debt package for Elon Musk’s artificial intelligence startup, xAI. This development comes at a time of heightened public tension between Musk, the world’s richest individual, and U.S. President Donald Trump, adding a layer of complexity to the fundraising…

The U.S. stock markets closed a volatile Wednesday session in the red as investors digested a fresh batch of inflation data, cautious news regarding a U.S.-China trade truce, and persistent concerns over escalating tensions in the Middle East impacting oil prices. The US markets took a breather as the indices snapped…

A wave of uncertainty washed over Asian financial markets on Thursday, as traders struggled to digest a startling declaration from US President Donald Trump: a trade deal with China was “done,” and it came with a hefty price tag. The resulting cautious sentiment painted a mixed picture across the region’s…

US tariffs on steel and aluminum were doubled, but the metal markets appear to have quickly absorbed the impact. Aluminum prices on the LME have already fully rebounded to approximately $2,440 per ton after a brief dip.“The market therefore does not currently seem to expect any major impact on the global…

European aerospace giant Airbus SE is painting a picture of a dramatically busier future for global aviation, predicting the world’s commercial aircraft fleet will nearly double to almost 50,000 planes over the next two decades. This surge, according to Airbus’s latest global market forecast, will be significantly propelled by rapid…

For over a decade, the United States has used export controls to stymie China’s progress in acquiring and developing cutting-edge technologies—especially those with military applications such as advanced semiconductors and artificial intelligence. This long-standing strategy has become a central feature of US–China economic relations, one that successive administrations have refined…

European stock markets took a sharp dive at the open on Thursday, with a palpable sense of unease spreading across trading floors. The pan-European Stoxx 600 index fell 0.42% shortly after trading began, as a stark drop in UK exports to the US underscored the real-world impact of trade tariffs,…

The UK economy shrank by 0.3% in April, a sharper-than-expected decline that has raised fresh concerns about the fragility of the recovery and the growing pressure on both households and businesses.Figures released by the Office for National Statistics (ONS) on Tuesday showed that the fall in gross domestic product (GDP)…

Poundland is poised for a sweeping restructuring after investment firm Gordon Brothers acquired the struggling British discount retailer from parent company Pepco Group. The deal, announced on Thursday, includes up to £80 million ($108.5 million) in financial support to stabilise the chain and reverse its decline.The transaction is part of…