France’s attempt to halt Shein’s marketplace has run into another legal setback, with a Paris appeals court rejecting the government’s request to suspend the platform. The decision follows months of scrutiny after regulators flagged listings that raised serious safety concerns. Authorities had pushed for a temporary shutdown of the Chinese…

Uber Technologies is stepping up its autonomous ambitions through a new partnership with electric vehicle maker Rivian Automotive, committing to invest up to $1.25 billion to support a large-scale robotaxi rollout. The agreement outlines plans to deploy as many as 50,000 autonomous vehicles across major markets by 2031.It signals a…

The US market indices opened lower on Thursday, extending a broad risk-off sentiment across global markets as surging oil prices and persistent inflation concerns weighed on investor confidence.Dow Jones Industrial Average fell about 0.65% or 298 points while S&P 500 and Nasdaq 100 slipped roughly 0.81% and 1.13%, respectively. The…

The Bank of England (BoE) held its benchmark interest rate steady on Thursday but signaled a more hawkish stance as rising energy prices linked to the Middle East conflict threaten to push inflation higher.The nine-member Monetary Policy Committee (MPC) voted unanimously to keep rates unchanged at 3.75%, marking its first…

European markets faced broad pressure on Thursday as escalating geopolitical tensions in the Middle East rattled investor sentiment, pushed energy prices higher, and complicated the outlook for inflation and monetary policy. Central banks across Europe signaled increasing caution, Lamborghini’s profit declined while HSBC announced layoffs. European markets slide on geopolitical…

Wall Street closed lower on Thursday as rising oil prices and escalating geopolitical tensions in the Middle East dampened investor sentiment and clouded the outlook for interest rate cuts.The S&P 500 fell 0.27% to 6,606.49, while the Nasdaq Composite slipped 0.28% to 22,090.69. The Dow Jones Industrial Average dropped 0.44%,…

The global markets looked edgy on Friday as investors weighed fresh signs of stress across commodities, equities, and monetary policy.Oil eased on hopes of additional Iranian supply, but fears around Middle East disruption kept the outlook fragile.In Asia, Japan’s Nikkei slid deeper into correction territory, while in the US, the…

The United States has accelerated a fresh wave of arms sales to Gulf allies, advancing roughly $23 billion in defence deals as the Iran-Israel conflict widens across the region. The approvals, reported by The Wall Street Journal, target the United Arab Emirates, Kuwait, and Jordan.The move comes as attacks on…

Amazon is developing a new smartphone within its devices and services unit, more than a decade after its first failed attempt in the category, according to a report by Reuters.The project, internally dubbed “Transformer,” is being positioned as a personalised mobile device that can integrate with the Alexa voice assistant…