Sapphire Foods, the Indian operator of KFC and Pizza Hut restaurants, slipped into a third-quarter loss after booking a one-time charge linked to the rollout of the country’s new labour codes, even as revenue continued to rise. The results underline the growing cost pressures facing fast-food chains in India, where…
The European Central Bank (ECB) kept interest rates unchanged on Thursday, signalling confidence that inflation will stabilise over time even as recent data show price pressures easing.The decision, which was widely anticipated by markets, reflects a cautious approach shaped as much by global uncertainty as by domestic economic trends.Policymakers left…
The number of Americans filing new applications for unemployment benefits rose more than expected last week, highlighting short-term disruptions from severe winter weather even as the broader labour market continues to show signs of resilience.Initial claims for state unemployment benefits increased by 22,000 to a seasonally adjusted 231,000 in the…
US stocks head into Thursday’s session on the back foot after another bruising tech selloff knocked Wall Street’s most popular trades off their pedestal. The S&P 500 dropped around 0.46%, while the Nasdaq Composite slid about 0.6%, extending a sharp two‑day retreat in high‑growth names. The Dow Jones Industrial Average…
Precious metals are experiencing renewed selling pressure, with silver prices falling sharply on Thursday. This decline has largely erased the brief rebound the sector saw earlier this week.On COMEX, the March silver contract shed more than 13% on Thursday, while gold fell more than 2% below $4,900 per ounce. Meanwhile, oil…
Europe’s news agenda turns on policy signals, capital markets, regulation and geopolitics. The Bank of England held rates at 3.75% but cracked the door to cuts, jolting sterling and bond markets. Corporate focus shifts to Hong Kong as Syngenta revives IPO ambitions. Regulators tighten their grip on Big Tech with…
Markets are being jolted across asset classes as risk appetite frays.Bitcoin has cracked a key support level, deepening fears the crypto sell-off has further to run. In equities, Hims & Hers has ignited a price war in weight-loss drugs, rattling Big Pharma.Commodities are back under pressure as gold and silver…
Silver prices continued to drop on Friday as the metal headed for its second weekly decline on a stronger dollar and profit-taking. The recent renewed weakness highlighted the extent of the technical damage caused by last Friday’s historic sell-off. This development calls into question whether the previously most powerful bull run in…
India’s central bank kept policy rates unchanged on Friday, citing easing growth headwinds following recent trade deals with the European Union and the United States, while maintaining a neutral stance amid a benign inflation outlook.The decision was announced after the Reserve Bank of India’s monetary policy committee (MPC) meeting, where…
Tesla remained a visible player in China’s crowded electric vehicle market in January, even as industry momentum continued to fade. Data from the China Passenger Car Association showed that deliveries from Tesla’s Shanghai Gigafactory rose modestly from a year earlier, helping the US automaker maintain its position among the country’s…