Black Friday sees muted U.S. in-store sales, up just 0.7%, while online spending surges 14.6%. Shoppers favor convenience and discounts online, benefiting giants like Amazon and Walmart.
Gautam Adani denies $265M bribery claims, vows resilience. Allegations spark global fallout as Adani Group faces halted investments, political clashes, and a state power deal review.
ChatGPT celebrates its second anniversary, revolutionising industries and reshaping how AI integrates into daily life. With 180M+ active users, it's a global phenomenon driving innovation across sectors.
Adani Group strongly denies U.S. allegations of a $265M bribery scheme involving key executives. Despite political and financial fallout, the group asserts its growth plans remain unaffected, while legal responses to the charges are being prepared.
Chad's foreign ministry has announced plans to assert its sovereignty and redefine strategic partnerships, following France's troop withdrawals from Mali, Niger, and Burkina Faso. Chad hosts 1,000 French troops and various military assets for security cooperation.
Thailand's economy improved in October, with exports rising 14.2% and a trade surplus of $1.4 billion. Private consumption and tourism also contributed to growth, though challenges remain for some sectors, according to the Bank of Thailand.
Toyota’s global output fell for the ninth month in a row in October, primarily due to lower production in the U.S. and China. However, the automaker saw a 1.4% rise in global sales, reaching a record 903,103 vehicles for the month.
The U.S. FTC has opened a broad antitrust investigation into Microsoft, focusing on cloud computing, licensing practices, and AI products, amid allegations of market abuse.
Temu and Shein's aggressive keyword bidding drives up search ad costs, impacting retailers this Black Friday. Rising "cost per click" pushes businesses to rethink strategies, shifting focus to social media, influencers, and high-value customer engagement.
Investors are increasingly hedging against market risks, as rising tail risk indexes and VIX skew reflect caution over tariffs, Fed policy, and global conflicts despite U.S. stocks hitting record highs.
Thai Airways International plans to raise up to $1.27 billion by issuing 9.82 billion new shares as part of its ongoing restructuring efforts. The national carrier, which entered bankruptcy protection in 2020, aims to exit the plan by mid-2024 and resume trading its shares.
Hundreds of Chinese investors who lost their savings in the collapse of Evergrande have launched coordinated efforts to demand updates on investigations into the failed property developer. Amid China's slowing economy, their cautious actions reflect growing frustrations over financial losses and the
Donald Trump plans steep tariffs on Canada, Mexico, and China, sparking trade war fears and raising concerns over USMCA violations and global economic impacts.
The IMF has approved the third review of Sri Lanka's $2.9 billion bailout, releasing $333 million in funding. While signs of economic recovery emerge, the country still faces critical debt restructuring challenges to move forward with the programme.
All three major indexes posted weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
