The Indian rupee opened at an all-time low on December 3, slipping past the 90-per-dollar threshold as persistent foreign portfolio investor (FPI) outflows and stalled trade talks with the US intensified pressure on the currency. The drop came despite a softer dollar index, underlining the severity of domestic capital flow…
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing holding in the UK supermarket. The stock was the worst performer on the FTSE 100 in early trading, down 14.40 pence, or 4.4%, at 311.60 pence. Despite the drop, shares…
Switzerland’s inflation data for November has shifted the economic conversation just days before the Swiss National Bank prepares its final interest-rate decision of 2025. Consumer prices showed no yearly increase, marking the weakest reading in six months. The figure also underscored how sharply Switzerland’s price environment has cooled since October,…
India’s steel mills significantly increased their overseas iron ore purchases this year, driving imports to a six-year peak. This surge was motivated by the need to compensate for domestic shortages of high-grade ore and capitalise on the more favorable global prices for the key steelmaking raw material, according to a Reuters…
Intel (NASDAQ: INTC) has been in a sharp uptrend in recent sessions following news that Apple (NASDAQ: AAPL) could become its foundry customer by early 2027.However, while symbolically important for sure, the expected agreement looks more like supply-chain hedging than a structural shift in the iPhone maker’s broader silicon strategy.Here’s…
Tensions, tech ambitions, corporate reshuffles, and tariff headaches are shaping Europe this week.Trump’s envoys are testing the waters in Moscow with a fresh peace pitch for Ukraine, even as European leaders eye the move warily.In the UK, a major fusion partnership backed by Google is aiming to fast-track clean energy…
A busy day across tech, media, and markets: Netflix has returned to the bidding table with a bold, mostly cash offer for Warner Bros. Discovery, reigniting one of Hollywood’s fiercest takeover battles.OpenAI has gone into full “code red” mode as it races to outmaneuver Google’s Gemini.In Europe, inflation edges higher…
In a busy day for global political and economic developments, US electoral shifts, a rebound in Asian markets, mixed Australian growth data, and a major semiconductor acquisition offer a broad snapshot of the forces shaping investor sentiment. Here is a roundup of the key events unfolded on Wednesday morning. Republicans…
The United Kingdom has taken a significant step in shaping its digital asset regulatory landscape, as the Property (Digital Assets etc) Bill has officially become law. The legislation, which received royal assent on Tuesday following an announcement by Lord Speaker John McFall in the House of Lords, formally classifies digital…
Tight supplies have been fuelling the massive surge in silver prices, which has seen the metal rise more than 10% since last Friday. On Wednesday, silver prices on COMEX hit a fresh record high of $59.645 per ounce, as the metal has climbed 100% since the beginning of this year. A silver…