15:44
Yandex Moves

Yandex investor poised to strengthen hold on VK in tech shift

Pavel Prass, co-owner of Yandex, is set to increase his stake in rival VK, signaling consolidation in Russia’s tech sector. The move follows a $5.4 billion deal for Yandex's assets and VK's plan to raise up to 115 billion roubles to tackle mounting debt.

10:32

EU and UAE agree to launch free trade talks

EU President Ursula von der Leyen and His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates agreed to launch negotiations on a free trade agreement. Commissioner Maroš Šefčovič will soon visit the UAE to take the talks forward.

21:30
Fashion

Italy's Prada agrees to buy fashion rival Versace

Italian fashion house Prada has agreed to acquire Versace from Capri Holdings in a $1.375 billion deal, aiming to boost its presence in the global luxury market and revive the iconic but struggling brand.

12:27
Tariff Pause

Tesla bounces back: Shares jump 22% on Trump’s tariff pause

Tesla shares soared nearly 23% after President Trump announced a 90-day pause on tariffs for over 75 nation, excluding China, boosting investor confidence and lifting the EV giant’s market value to $852.9 billion amid a volatile trading year.

10:21
Tesco response

Tesco’s next move: Battling Asda’s price cuts in grocery war

Tesco is set to respond to Asda’s price-cutting strategy as it reports full-year results. While Asda aims to reclaim market share with lower prices, analysts question its sustainability. Tesco, with a strong balance sheet, expects steady growth despite rising costs.

16:00
Trade War

Gold climbs on trade war fears and dollar decline

Gold prices rose on Tuesday, driven by escalating trade tensions between the U.S. and its major trading partners, along with a softer U.S. dollar. Spot gold gained 1% to $3,013.34, recovering from recent lows, while U.S. futures climbed 1.9%, reaching $3,028.40.

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09:49
Morning Brief

AnewZ Morning Brief - April 10th, 2025

Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.

02:37
Trump Tariffs

Trump hits pause on tariffs — except for China

In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.

14:24
Tariff

Tariff tensions trigger global market freefall amid Trump's Escalation

Global stock markets experienced a dramatic sell-off on Monday as investors reacted to the latest surge in US tariffs, raising fears of a potential global economic slowdown. European and Asian shares plummeted sharply, while US futures signaled the risk of a bear market, and oil prices also slid.

13:10
Power deal

CATL in talks to lead Nio’s power unit, expanding EV network

Chinese battery giant CATL is in talks to acquire a controlling stake in Nio’s power unit, which operates over 3,000 battery swapping stations across China. This deal highlights Nio's efforts to strengthen its position in the competitive EV market and expand its charging infrastructure.

11:46
Market meltdown

Market meltdown: Tariff fears and recession risk sink stocks

Global stock markets plummeted on Monday as tariff fears triggered panic among investors. With uncertainty over U.S. trade policies, futures markets priced in multiple interest rate cuts, heightening recession concerns. Major global indices saw sharp losses, while safe-haven assets surged.