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Economy

FTSE 100 drops amid China banking concerns and falling oil prices

The UK’s benchmark FTSE 100 index fell to its lowest level in more than two weeks on Thursday, weighed down by sharp declines

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Economy

AI drives 40% of May layoffs as job cuts hit highest level since 2020

Artificial intelligence is rapidly reshaping the US labor market, with employers increasingly citing the technology as a reason for workforce reductions even as

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Economy

US jobless claims rise to 225,000, but labour market remains largely resilient

The number of Americans filing new applications for unemployment benefits increased last week, but the overall level of claims remained consistent with a

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Economy

HNT price jumps after Noble Mobile acquires Helium Mobile, but risks remain

The price of Helium’s native token, HNT, experienced a sharp short-term rally before quickly retreating, as the market reacted to the acquisition of

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Economy

Here’s why Intuitive Machines, Virgin Galactic, Rocket Lab stocks are falling

Top space stocks are in a freefall this week, with Virgin Galactic (NYSE: SPCE) falling to $4.25, its lowest level since May 28.

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Economy

Dow jumps 500 points as Broadcom selloff drags Nasdaq lower

US stocks opened lower on Thursday as a sharp selloff in semiconductor shares following Broadcom’s quarterly results weighed on investor sentiment. Markets were

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Economy

Standard Chartered’s Kendrick keeps $100,000 Bitcoin call amid crypto turmoil

Geoffrey Kendrick, Global Head of Digital Assets Research at Standard Chartered and one of the cryptocurrency industry’s most outspoken supporters, has reaffirmed his

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Economy

Trafigura delivers record half-year profit, dividend amid global tensions

Trafigura Group delivered a strong financial performance in the first half of its 2026 financial year, posting a net profit of $4.1 billion

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Economy

Venezuela emerges as key oil ally as India diversifies supplies

India and Venezuela are strengthening their energy partnership, with New Delhi describing the relationship as one of “perfect complementarity” amid severe disruptions in

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Economy

Bitcoin price hits 200-week trendline amid record ETF outflows and liquidations

Bitcoin is trading near one of its most closely watched long-term technical levels after a sharp selloff pushed the cryptocurrency toward the low-$60,000

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