Markets
Australian Market Extends Losses, ASX 200 Dips Below 8,200
The Australian stock market continued its downward trend in mid-market trading, with the S&P/ASX 200 index falling below the 8,200 level.
Markets
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Finance
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Finance
E-Bike, E-Scooter Payouts Hit £110m, Driving Up UK Motor Premiums
UK motor insurance premiums are rising as e-bike and e-scooter injury payouts reach £110m, with the Motor Insurers Bureau covering costs for...
Finance
SEC Taps JPMorgan Veteran Paul Knight as New COO
The SEC has appointed Paul Knight, a former SEC official and JPMorgan Chase executive, as its new Chief Operating Officer to streamline...
Finance
Avaada Founder Seeks $750 Million Loan for Debt Refinancing
Vineet Mittal, founder of Brookfield-backed Avaada Group, is reportedly seeking a $750 million loan to refinance existing debt, signaling continued investor confidence...
Finance
UK Banks Fail Vulnerable, FCA Demands Basic Account Access Fixes
The FCA found UK banks pushed homeless and financially distressed customers away from basic bank accounts, rating a third of interactions as...
Finance
Alkane’s True Blue Drilling Boosts Costerfield Development Confidence
Alkane Resources has announced promising infill and extension drilling results from its True Blue deposit at Costerfield, significantly increasing geological confidence for...
Finance
Starling Bank Cuts 130 Roles, Citing AI Integration and Restructuring
Starling Bank plans to cut approximately 130 jobs, about 3% of its workforce, as it automates roles and restructures operations, citing increased...
Stocks
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Stocks
Lockheed Martin Wins $142.9M C-5 Galaxy Software Contract
Lockheed Martin's Aeronautics division secured a $142.9 million firm-fixed-price contract for C-5 Galaxy software sustainment. The deal covers updates, maintenance, certification, and...
Stocks
Wheat Futures Climb Double Digits on Monday
Wheat futures experienced a notable rally on Monday, with Chicago SRW and KC HRW contracts posting double-digit gains, defying weaker export data....
Stocks
Private Equity Under Fire at Berlin Summit
Activists protested the SuperReturn private equity summit in Berlin, accusing the industry of driving inequality and job cuts as investors managing over...
Stocks
ThyssenKrupp Wins Canada’s Submarine Contract for 12 Vessels
Canada has selected Germany’s ThyssenKrupp Marine Systems to build up to 12 submarines, a move announced by Prime Minister Carney to boost...
Economy
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Economy
China’s Robotaxi Ambition: Can EV Success Be Replicated Globally?
China's self-driving car firms are leveraging the nation's robust EV supply chain and complex urban environments to accelerate robotaxi development, aiming for global dominance.
World Business
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World Business
Trump AI Export Ban Exposes Europe’s Tech Vulnerability
A potential US ban on AI exports under Trump could leave Europe heavily reliant on Silicon Valley, raising concerns about technological sovereignty.
World Business
OPEC+ Boosts Output, Cartel’s Future Uncertain After UAE Exit
A handful of OPEC+ nations will raise oil output from August. However, the cartel is fighting for survival following the UAE's departure,...
World Business
US Beef Exports to China Set for H2 Boost as Rivals Hit Quota Limits
US beef shipments to China are set to increase in the second half of the year as major competitors like Australia and...
World Business
OPEC+ Nations Boost Oil Output by 188,000 BPD as Prices Fall Post-Conflict Deal
Seven OPEC+ countries will increase oil production by 188,000 barrels per day in August, responding to falling crude prices after a US-Iran...
World Business
Trump Eyes Swift Russian Oil Sanctions as Hormuz Reopens
At the G7 summit in Evian, Donald Trump suggested the US could swiftly reimpose sanctions on Russian oil, citing the expected reopening...
World Business
Canada Taps State Firm for Asia-Bound Oil Pipeline
Trans Mountain Corp., a government-owned entity, will build a new pipeline from Alberta's oil sands to a Vancouver port, aiming to serve...
Investing
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Investing
Thrive Holdings Secures $2 Billion for AI-Driven Services Firm Acquisitions
Thrive Holdings has raised $2 billion from major AI investors to acquire and transform traditional services businesses using artificial intelligence.
Investing
Wall Street Finds India Attractive as Oil Pressures Ease
Global investors, including major firms like Citigroup and Goldman Sachs, are showing fresh interest in India's markets after a year on the...
Investing
Half Million Reject Pensions Amid Trust Fund ‘Injustice’
BBC Radio 4's 'Money Box' reveals half a million people opted out of workplace pensions in a year, alongside an 'injustice' for...
Investing
Binance Leads Funding Round for Mesh, Valuing Firm at $2 Billion
Crypto payments firm Mesh is reportedly seeking a $2 billion valuation in a new funding round led by Binance. The move comes...