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In a year marked by escalating regulatory pressure, the European Union intensified its crackdown on Big Tech, launching a sweeping series of antitrust probes, Digital Markets Act (DMA) investigations and landmark fines against the world’s largest technology companies. From Meta and Google to Apple, Amazon and Microsoft, virtually every major…
Initial claims for US unemployment benefits fell sharply last week, dropping to their lowest level in more than two years in a sign that layoffs remain muted even as hiring slows across the economy. The Labour Department said on Thursday that claims fell by 27,000 to a seasonally adjusted 191,000…
Oil prices were steady on Thursday as Ukrainian attacks on Russian oil assets raised concerns over lower supply among investors.Meanwhile, gold prices edged lower with stronger equities limiting safe-haven appeal for the yellow metal. However, prices rebounded and were slightly higher at the time of writing.On the other hand, silver…
Brazil’s economy expanded less than expected in the third quarter, strengthening the perception that prolonged painful monetary policy is helping to cool off activity, setting the way for easing, probably early next year. According to official figures, Brazil’s GDP grew by only 0.1% from July to September compared to the previous…
The fight over the next chair of the Federal Reserve has drifted out of the financial pages and into everyday conversation. And in recent days, one man’s name keeps surfacing. Kevin Hassett. Kevin used to be a background character in US politics, and now he is being discussed as the…
The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the next five years.This significant financial undertaking is designed to fundamentally ensure the safety, security, and long-term reliability of the nation’s energy system.This massive investment is a central component of a…
India’s central bank lowered its benchmark policy rate by 25 basis points to 5.25% on Wednesday, matching expectations from economists. The Reserve Bank of India’s monetary policy committee delivered the reduction unanimously, citing “weakness in some key economic indicators,” according to RBI governor Sanjay Malhotra.The decision comes as headline inflation…
Escalating military tensions between the US and Venezuela are poised to significantly impact benchmark crude oil prices, as the Trump administration intensifies pressure on Nicolas Maduro’s regime and hints at the possibility of a US incursion.“The loss of Venezuelan volumes would likely result in stronger crude oil prices in the…
India and Russia are using a closely watched meeting in New Delhi to reinforce their strategic and economic partnership at a time when pressure from the US is increasing. Russian President Vladimir Putin is visiting India for the first time since Russia’s full-scale invasion of Ukraine, placing the visit under…