Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
The Central Bank of Azerbaijan has reduced the refinancing rate from 7.25% to 7%, the interest rate corridor floor from 6.25% to 6%, and the ceiling from 8.25% to 8%.
Inflation is when prices rise, reducing the purchasing power of your money. When it happens slowly, it’s manageable. But when it surges, it can disrupt savings, wages, business planning, and economic growth. That’s when central banks step in.
Spy cockroaches, tank-like AI robots, and battlefield drones are at the heart of Germany’s ambitious plan to reinvent warfare, as Europe ramps up defence spending in response to Russia’s invasion of Ukraine.
Shares have surged in the automobile industry after the U.S. agreed a deal to lower tariffs this week with Japan, triggering a sharp rally in Japanese equity markets. It's after President Donald Trump and Japan's lead negotiator Ryosei Akazawa made the agreement on Tuesday (22 July).
Türkiye has secured €2.4 billion ($2.8 billion) in green financing for a railway project aimed at establishing a direct rail connection to Azerbaijan's Nakhchivan exclave.
UK has announced fresh sanctions to crack down Russia's so-called "shadow fleet", targeting 135 oil tankers along with two Russian firms, shipping company Intershipping Services LLC and oil trader Litasco Middle East DMCC.
China’s June exports of rare-earth permanent magnets to the U.S. have skyrocketed by 660%, reaching 353 metric tons, as Beijing lifted earlier restrictions under a new trade pact—though volumes remain below June 2024 levels amid ongoing supply chain recovery.
China is set to prohibit the resale of new cars within six months of registration, aiming to end the practice of inflating sales through so-called 'zero-mileage' used vehicles and restore transparency in the competitive auto market.
Oil prices fell below the key $70 per barrel mark last week as increased output from OPEC+ eased supply concerns, while renewed U.S. tariff threats under President Donald Trump weighed on global demand expectations.
U.S. markets closed mostly flat Friday, capping a third winning week out of four.
U.S. President Donald Trump signed the GENIUS Act into law on Friday, creating the first U.S. regulatory framework for dollar-backed stablecoins and marking a major win for the crypto industry.
Oil prices edged higher on Friday, heading for a small weekly loss, as investors weighed new European Union sanctions against Russia.
As some top global banks scale back climate efforts, India is moving forward with mandatory rules for lenders to report and manage climate-related financial risks.
The Indian rupee is expected to open stronger on Friday, supported by gains in other Asian currencies and a temporary pause in the U.S. dollar index’s upward trend.
Iran has developed an investment plan aimed at attracting funding to expand its caviar production to more than 140 metric tons in the near future, - stated Nasser Karami-Rad, a senior official of the Iran Fisheries Organization.
Kazakhstan is weighing cryptocurrency-related investments as part of its strategy to diversify national reserves and modernise financial management, according to the chairman of the National Bank.
Electric car sales in Germany surged to a new record in the first half of 2025, making up 17.7% of all new vehicle registrations, according to the German road traffic agency KBA. Despite a 4.7% drop in overall car sales, demand for EVs grew by 35% year-on-year.
U.S. consumer prices rose at their fastest pace in five months in June, signaling the early impact of tariffs on inflation. However, subdued demand and falling service prices may keep the Federal Reserve cautious about rate changes.
