Economy
Finland’s Kone has agreed to acquire German rival TK Elevator in a transaction valued at 29.4 billion euros, or $34.4 billion, marking one of the largest corporate takeovers in Europe in recent years. The deal combines cash and shares and is set to reshape the global elevator industry by creating......
Bitcoin fell below $77,000 after the Bank of Japan signaled a more hawkish policy direction despite keeping interest rates unchanged at 0.75 percent. The cryptocurrency dropped as low as $76,400 during early US trading, as investors reacted to growing expectations that Japanese rates could rise again......
British carrier Ascend Airways has entered liquidation as rising fuel costs linked to the war involving Iran intensify pressure across the global aviation industry. The collapse comes only three years after the airline launched operations and reflects growing financial strain on carriers facing surging......
The Bank of Japan kept its policy rate unchanged at 0.75 percent in a closely divided decision, with three policymakers voting for an increase to 1 percent. The 6 to 3 split highlights rising concern within the central bank as the war in Iran drives energy prices higher and intensifies inflationary pressures.......
China’s growing demand for advanced artificial intelligence chips is expected to drive import growth beyond export expansion for the first time since 2021, marking a shift in the country’s trade dynamics. Economists now forecast imports will rise by about 5 percent in 2026, more than double......
Gold prices fell to their lowest level in nearly two weeks on Friday, putting the metal on track for its first weekly decline in five weeks as a stronger US dollar and rising oil prices weighed on demand. Spot gold dropped to around 4,661 dollars per ounce during early Asian trading before recovering......
The chief executive of Deutsche Boerse has cautioned that the expansion of around the clock stock trading could weaken market structure by dispersing liquidity. Stephan Leithner said continuous trading risks undermining the concentrated activity that large institutional investors rely on to execute transactions......
Global oil prices pulled back after news that Abbas Araghchi is traveling to Islamabad for a new round of negotiations between Iran and the United States. The diplomatic signal interrupted a five day rally driven by severe supply disruptions, offering markets a potential path toward de escalation. Brent......
Global oil prices showed mixed movements on Friday as markets reacted cautiously to renewed hopes of diplomatic talks between Iran and the United States. Brent crude, the international benchmark, recorded a slight increase, while US West Texas Intermediate (WTI) remained largely stable. The fluctuations......
A global energy shock triggered by the conflict between Iran and the United States has pushed demand for electric vehicles and solar power to record levels. The near closure of the Strait of Hormuz disrupted oil flows and drove sharp price increases, prompting households and businesses to shift away......
The global aviation sector is facing a severe disruption as jet fuel prices surge following the closure of the Strait of Hormuz. The escalation stems from military strikes by the United States and Israel against Iran on February 28, which effectively halted a key energy transit route. Fuel costs have......
LVMH chief executive Bernard Arnault has warned of severe global economic consequences if the conflict in the Middle East continues, as the luxury group faces a sharp slowdown in one of its fastest-growing regions. His remarks come as the company expands its retail presence in Dubai while confronting......
Global inflation data for March show a broad and immediate impact from the disruption of oil supplies following the escalation of conflict between the United States and Iran in late February. The closure of the Strait of Hormuz has triggered a sharp rise in energy costs, feeding into consumer prices......
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