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Brics is sliding towards irrelevance – the Rio summit made that clear

Jul 13, 2025 11:22 am UTC| Insights & Views Politics Economy

The Brics group of nations has just concluded its 17th annual summit in the Brazilian city of Rio de Janeiro. But, despite member states adopting a long list of commitments covering global governance, finance, health, AI...

UBS Sees Stock-Picking Opportunities in Europe Ahead of Q2 Earnings

Jul 13, 2025 08:10 am UTC| Economy

UBS has raised its outlook on European equities ahead of the second-quarter earnings season, highlighting potential upside in select company results despite muted regional forecasts. The banks European Equity Strategy...

Hungary’s Opposition Leader Unveils "New Deal" to Boost Economy Ahead of 2025 Election

Jul 12, 2025 22:47 pm UTC| Economy Politics

Hungarys opposition leader Peter Magyar announced a bold economic plan, the Hungarian New Deal, aiming to revive the countrys inflation-struck economy ahead of the 2025 parliamentary elections. Speaking at a Tisza party...

EU, Mexico Condemn Trump’s 30% Tariff Threat as Global Trade Tensions Rise

Jul 12, 2025 22:39 pm UTC| Politics Economy

U.S. President Donald Trump announced a 30% tariff on goods imported from the European Union and Mexico, effective August 1, sparking immediate backlash from global leaders and economists. EU Council President Antonio...

Trump Threatens 30% Tariffs on EU and Mexico, Sparking Global Trade Tensions

Jul 12, 2025 22:32 pm UTC| Politics Economy

U.S. President Donald Trump has reignited trade tensions by threatening to impose a 30% tariff on imports from the European Union and Mexico starting August 1. The move, announced via letters to EU Commission President...

EU Warns of Retaliation if Trump Imposes 30% Tariffs on European Goods

Jul 12, 2025 22:30 pm UTC| Politics Economy

The European Union has issued a stern warning to the U.S., stating it is prepared to retaliate if President Donald Trump proceeds with his plan to impose 30% tariffs on European imports starting August 1. The surprise move...

Russia’s MOEX Hits 6-Month Low Despite Gains in Select Stocks

Jul 12, 2025 22:24 pm UTC| Economy

Russian stocks closed slightly lower on Saturday, with the MOEX Russia Index remaining flat at 0.00%, hitting a new six-month low amid weak market sentiment. Despite the stagnant index, some individual stocks showed...

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Economy

U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains

The United States and India have taken a significant step toward a long-anticipated bilateral trade agreement by releasing an interim trade framework aimed at lowering tariffs, reshaping energy ties, and strengthening...

Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility

U.S. stocks surged on Friday, posting their strongest session since May 2025, as investors regained confidence following a turbulent week marked by sharp losses in technology shares and uncertainty around the artificial...

Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination

Gold and silver prices climbed on Friday, closing out an exceptionally volatile week in the precious metals market following a historic selloff. The turbulence was sparked by the nomination of former Federal Reserve...

RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal

The Reserve Bank of India (RBI) on Friday kept its key repo rate unchanged at 5.25%, a widely expected decision that reflects confidence in Indias strong economic growth and easing external pressures following a major...

Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm

Japans economy is widely expected to have returned to growth in the final quarter of 2025, supported by strong corporate investment and resilient consumer spending, according to a recent Reuters poll of economists. The...

Politics

China Warns US Arms Sales to Taiwan Could Disrupt Trump’s Planned Visit

China has issued a strong warning to the United States, signaling that any additional arms sales to Taiwan could seriously jeopardize U.S. President Donald Trumps planned visit to China in April. According to a report...

Trump Allows Commercial Fishing in Protected New England Waters

U.S. President Donald Trump has signed a proclamation permitting commercial fishing in a previously restricted marine protected area off the coast of New England, a move that has sparked renewed debate over ocean...

U.S. Lawmakers to Review Unredacted Jeffrey Epstein DOJ Files Starting Monday

Members of the U.S. Congress are expected to gain access to the unredacted version of the Department of Justices files related to convicted sex offender Jeffrey Epstein beginning Monday morning, according to a report from...

Federal Judge Restores Funding for Gateway Rail Tunnel Project

A New York federal judge has ordered the Trump administration to release frozen federal funds for the $16 billion Gateway Project, a critical rail infrastructure initiative connecting New York and New Jersey. The ruling,...

Pentagon Ends Military Education Programs With Harvard University

The U.S. Department of Defense has announced it will terminate all professional military education programs connected to Harvard University, marking a significant shift in the Pentagons approach to academic partnerships....

Science

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

Technology

Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge

Nvidia (NASDAQ: NVDA) CEO Jensen Huang reaffirmed his bullish stance on artificial intelligence, calling the massive capital expenditure flowing into AI infrastructure both appropriate and necessary as the industry...

Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate

Amazon.com (NASDAQ:AMZN) delivered a mixed but closely watched earnings report, beating Wall Street expectations on revenue while unveiling a massive long-term investment plan that unsettled investors. The e-commerce and...

Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch

Major PC manufacturers including HP, Dell, Acer, and Asus are reportedly exploring the option of sourcing memory chips from Chinese semiconductor companies for the first time, as a prolonged global supply crunch continues...

OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering

OpenAI is significantly accelerating its enterprise AI strategy by hiring hundreds of new employees for its technical consulting division, according to a report by The Information, citing a person familiar with the...

SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off

SoftBank Group Corp. (TYO:9984) shares tumbled sharply on Thursday, tracking a steep decline in Arm Holdings (NASDAQ:ARM) after the UK-based chip designer reported weaker-than-expected earnings for the December quarter....