Asian equities closed mixed on Thursday as investors assessed weaker-than-expected US economic reports and awaited Friday’s closely watched non-farm payrolls data for further direction.Hong Kong stocks lead gains Hong Kong stocks rose for a third consecutive session, marking the longest winning streak in nearly a month, as fresh data signaled…
Procter & Gamble (P&G), one of the world’s largest consumer goods companies, has announced it will eliminate 7,000 jobs over the next two years, accounting for around 6% of its global workforce. The job cuts represent 15% of its non-manufacturing headcount and form part of a broader cost-reduction strategy aimed…
Top crypto projects seem to reposition themselves as the market consolidates before a potential bull run.The Arbitrum team is turning to on-chain automation and artificial intelligence amid efforts to rescue ARB from its underperformance, which saw 100% of ARB holders at a loss in March 2025.According to the latest announcement,…
Ripple has released 1 billion XRP tokens from its escrow accounts this month, marking the continuation of a distribution mechanism that has been in place since 2017. Although the total value of this latest release exceeds $2.18 billion, only 330 million XRP have entered circulation.The remainder—670 million tokens—were locked back…
CrowdStrike Holdings Inc. shares slid almost 6% on Wednesday, after the cybersecurity firm forecast revenue for the current quarter that missed Wall Street expectations, raising concerns among investors even as the company posted strong first-quarter results.In a statement issued Tuesday, the Austin-based firm said it expects revenue of up to…
Mexico will announce new measures next week if no agreement is reached regarding the recently increased tariffs on steel and aluminum, President Claudia Sheinbaum said Wednesday.The announcement comes on the heels of steel and aluminum duties the United States announced would dramatically increase the amount of metals imported from Mexico, which…
The Bank of Canada (BoC) left its key interest rate constant at 2.75% on Wednesday, pausing for the second time in a row as officials assess the impact of intensifying US trade moves on the Canadian economy. Governor Tiff Macklem said the central bank is actively watching inflation and growth…
President Donald Trump has enacted a significant new travel ban, barring individuals from 12 predominantly Muslim-majority and African nations from entering the United States. This move, announced Wednesday, resurrects one of the most controversial policies from his first term and comes in the wake of a recent attack in Colorado…
The European Consumer Organisation (BEUC) has filed a formal complaint with EU authorities against Chinese fast fashion giant Shein, alleging that the company uses a series of manipulative digital marketing techniques of “dark” practices to influence consumer behaviour.The complaint, backed by 21 national watchdogs, claims these practices encourage overconsumption, mislead…
Russian 12.5% protein wheat is facing reduced demand, with bids from deep-sea ports seeing a significant drop, according to SovEcon analysts.The price range has adjusted downwards to RUB 16,500–16,800 per metric ton, which translates to approximately $209. This figure reflects a decline compared to the previous week’s bids, which stood at…