Global supply chains stagger as Strait of Hormuz deadlock persists
Diplomatic talks between Washington and Tehran remain stalled as the world’s most critical maritime chokepoint stays shut, sending shockwaves through energy markets and industrial supply chains worldwide. The standoff over…
US threatens tariffs if UK doesn’t scrap tech levy
President Donald Trump has warned the United Kingdom that it faces sweeping new tariffs unless it abolishes its digital services tax on American technology companies, escalating tensions in an already…
Meta and Microsoft slash workforce to fund massive infrastructure expansion
Two of the world’s largest technology companies have announced sweeping job cuts, as the race to dominate artificial intelligence forces a fundamental reshaping of their workforces. Meta, the parent company…
Why this bull market is just getting started
The financial press has a favorite bogeyman: the “AI bubble.” Hardly a day goes by without a commentator invoking the ghosts of 1999, cautioning that the historic run in tech…
As Bitcoin soars, NFT projects fail to stay relevant
In the frenzied, often illogical world of digital assets, a familiar narrative is unfolding with a cruel twist. As Bitcoin, the steadfast patriarch of the crypto-verse, has not only recovered…
China’s tech giants ordered to halt Nvidia chip purchases
In a significant escalation of the global technology rivalry, China’s internet regulator has reportedly banned the country’s leading technology firms from purchasing AI chips from American giant Nvidia. The move,…
Gold price soars to record high amid rate cut bets
The price of gold has soared to a new record high, reaching $3,622.50 per troy ounce on Monday, as market expectations for a US Federal Reserve interest rate cut solidify.…
UK borrowing costs reach highest level since 1998
The UK’s long-term government borrowing costs have soared to their highest level since 1998, putting immense pressure on Chancellor Rachel Reeves ahead of the autumn budget. The yield on 30-year…
Trump seeks to remove Federal Reserve governor in unprecedented move
US President Donald Trump has announced he is firing Federal Reserve governor Lisa Cook, a dramatic escalation in his long-running campaign to exert greater control over the nation’s central bank.…
India’s economy outpaces projections with strong Q1 growth, report finds
India’s economy is showing remarkable resilience, with a new report from the State Bank of India (SBI) suggesting a strong start to the financial year. The bank’s research arm projects…