EU lawmakers raised concerns about the digital euro project after a major failure in the ECB’s payment system, Target 2, which caused delays in transactions. Critics question the ECB's ability to manage the project, with some demanding improved systems before moving forward.
US stock futures dropped amid growing concerns over the impact of the Trump administration’s tariffs. Major stocks like Nvidia, Meta, Amazon, and Tesla saw losses. China’s retaliatory tariffs and rising recession fears added to market uncertainty. Bitcoin also fell 4%.
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.
Shares in European carmakers and automotive suppliers fell sharply on Tuesday after the U.S. implemented a 25% tariff on imports from Mexico, a key production hub for the automotive sector supplying the American market.
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
Egypt and the European Commission have signed a soft funding agreement worth 90 million euros (approximately $93.9 million) to enhance food security in the country, according to Egypt’s Ministry of International Cooperation.
Intel has announced a further delay in the completion of its long-awaited Ohio chip fabrication facilities, now targeting an opening for its first facility in 2030 and the second in 2031. The delays push back the original 2025 timeline set when the project was first unveiled in 2022.
Some 47 million Europeans were not able to adequately heat their homes last year, says Dan Jorgensen
Mr. Baghdad Amreyev, Founding President of the Turkic Investment Fund, outlines plans to expand the fund’s capital from $600 million to $1 billion this year, with a goal of reaching $3 billion in the next three years.
The United States imposed sanctions on more than 30 people and vessels for their role in selling and transporting Iranian petroleum-related products as part of Tehran's "shadow fleet," the Treasury Department said.
China’s private enterprises are rapidly adopting artificial intelligence (AI) and low-altitude aviation technologies to enhance efficiency, cut costs, and drive innovation. As AI transforms supply chain management and automation, businesses are also investing in aviation advancements.
Walmart’s upcoming quarterly report will provide key insights into how inflation and potential tariffs are affecting U.S. consumer spending, especially as prices for essentials rise.
Russia may be forced to scale back oil production in the coming months as U.S. sanctions limit tanker access and Ukrainian drone attacks damage key refineries, industry sources say.
Wall Street futures slipped and the dollar strengthened on Monday after President Donald Trump reaffirmed plans for 25% tariffs on steel and aluminium, fueling concerns over trade tensions and inflation.
Farmers turn to agritourism amid declining crop prices and growing consumer interest
The multi-trillion-dollar energy sector has never been more subject to scrutiny, as our demand for electricity keeps growing. AnewZ’s Editor-in-Chief Guy Shone is joined by the Executive Director of the International Energy Agency Dr. Fatih Birol, from Paris.
US Labor Department data shows 143,000 jobs were added in January 2024, with unemployment rate steady at relatively low 4.0% - lowest level since May, 2024.
AnewZ's Editor-in-Chief Guy Shone's new show brings you the companies, the leaders, and the innovations that drive businesses forward.
Azerbaijan is set to invest $2 billion in Pakistan's economy, with key investments focusing on oil and gas exploration, renewable energy development, and energy efficiency. The agreements will be signed during the upcoming visit of Pakistan's Prime Minister Shahbaz Sharif to Baku.
Day 3 at Davos kicks off with Europol chief Catherine de Bolle on gender parity in power. Highlights: speeches by Malaysia's PM Anwar Ibrahim, UN's Antonio Guterres, and Spain's Pedro Sanchez, plus key talks on AI equity and climate action with global leaders.
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