06:54
Markets tumble as China hits back at U.S. tariffs
Global markets plunged after China retaliated against U.S. tariffs, deepening fears of a drawn-out trade war and economic fallout.
Markets
16:41
Export showdown
From batteries to missiles: China’s export curbs shake global supply chains
China has escalated its control over vital mineral exports in retaliation to U.S. tariffs, intensifying global supply chain fears as it tightens curbs on rare earths, battery metals, and strategic technologies critical for defence and green energy.
15:48
Asian markets fall
Asian markets fall after Trump announces new reciprocal tariffs
Asian stock markets experienced a significant decline on Thursday following the announcement by US President Donald Trump of new reciprocal tariffs on several US trade partners. The tariffs, which range from 10% to 50%, were announced by Trump on April 2, a day he referred to as “Liberation Day.”
12:39
OPEC+
OPEC+ to discuss Kazakhstan output at Thursday's meeting
Eight OPEC+ countries meeting on Thursday will focus debates on how to convince Kazakhstan to stop exceeding its output quota and its plans to compensate for overproduction as the group steps up gradual production hikes.
11:59
Tariff impact
Sportswear crisis: Nike, Adidas, and Puma face trade war heat
Shares in Nike, Adidas, and Puma fell sharply after the U.S. imposed steep tariffs on Vietnam, Indonesia, and Cambodia, key sourcing hubs. The move raises concerns over rising costs and supply chain disruptions, adding fresh uncertainty to global markets.
17:49
Russia imposes further restrictions on Black Sea oil export ports
Russia, the world's second-largest oil exporter, on Wednesday imposed restrictions on another major oil export route, suspending a mooring at the Black Sea port of Novorossiisk only a day after restricting loadings from a key Caspian pipeline.
10:48
Canada Freezes Tesla Rebate Payments Amid Tariff Dispute
Canada has suspended Tesla rebate payments and barred the automaker from future EV incentives due to U.S. tariffs. Transport Minister Chrystia Freeland said the freeze will remain until claims are individually reviewed.
16:31
Turkish lira plunges to record low amid the arrest of Istanbul mayor
Turkey's lira fell as much as 12.7% and touched a new all-time low of 42 to the dollar on Wednesday, with bonds and stocks also tumbling sharply, after authorities detained President Tayyip Erdogan's main political rival.
15:02
Partnership
Vodafone idea explores partnership with Musk's Starlink for rural connectivity in India
Vodafone Idea is in talks with Elon Musk’s Starlink to expand connectivity in rural India. This move follows deals by rivals Airtel and Jio, as the telecom giant aims to leverage satellite technology to reach underserved areas and provide cost-effective broadband solutions.
14:37
Revenue shift
Foxconn predicts AI server revenue will overtake iPhone revenue within two years
Foxconn predicts AI server revenue will surpass iPhone revenue within two years, possibly as soon as this year. As a key Nvidia supplier, Foxconn is capitalizing on booming AI demand, with AI servers set to make up over half of its total server revenue in 2024.
13:49
Smartphone decline
Foreign-branded smartphone shipments in China drop 21% in January
Apple’s iPhone, along with other foreign-branded smartphones, saw a sharp 21% decline in shipments in China this January. Economic shifts and rising competition from local brands are reshaping the market, putting pressure on international players like Apple.
12:19
Free streaming
Reliance Jio to offer free IPL streaming with new tariff plans
Reliance Jio will offer free IPL streaming to users recharging with ₹299 or more. The matches can be streamed on the new JioHotstar platform. The plan also includes a 50-day trial of Jio's broadband services, aiming to boost home internet dominance.
09:56
Gold Steady
Gold steady after record high as geopolitical and economic worries persist
Gold remains stable after hitting a record high, fueled by economic concerns and geopolitical tensions. Investors await Fed updates.
17:00
BMW expects €1 billion loss from US-EU tariff dispute
BMW expects a €1 billion loss for 2025 due to the US-EU tariff dispute, including a 25% duty on certain vehicles and tariffs on its China-made electric cars. The company hopes not all tariffs will remain for the full year.
14:11
European Commision issued €9 billion of EU-Bonds
The European Commission has raised €9 billion of EU-Bonds in its 3rd syndicated transaction for 2025.
12:29
Inditex Slows
Inditex sees slower start to 2025 as sales growth slows, raising concerns for future growth
Inditex, parent company of Zara, reported a 4% sales growth in Q1 2025, down from 11% last year, amid concerns about weakening consumer demand. Despite this, the company plans a 9% dividend increase and €1.8 billion investment in growth, with expansion into new markets.
15:56
China's NEV sales continue to surge, reaching 686,000 units in February
China's new energy vehicle (NEV) market saw impressive growth in February, with sales hitting 686,000 units. This increase highlights the country's strong push toward electrification, driven by government incentives, improved infrastructure, and growing consumer demand.
09:37
Palm oil stocks fall
Palm oil reserves shrink: Malaysia sees lowest stocks in nearly two years
Malaysia’s palm oil stocks fell to 1.51 million tons in February, the lowest in nearly two years, due to lower production and exports. Crude palm oil output dropped 4.16%, while exports fell 16.27%. The decline may impact global prices, with supply and demand shaping future trends.
16:57
"Private Transition"
"Walgreens goes private in $10 billion deal with Sycamore"
Walgreens Boots Alliance is going private after Sycamore Partners sealed a $10 billion deal, ending nearly a century on public markets. Struggling with competition and changing consumer habits, Walgreens aims to reinvent itself away from the pressures of being publicly traded.
11:17
Trump creates Strategic Bitcoin Reserve
US President Donald Trump has signed an executive order establishing a Strategic Bitcoin Reserve and a U.S. Digital Asset Stockpile, under the Treasury Department.
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