Trump rollback of consumer protection policies costs Americans $18 billion in fees
The US Consumer Financial Protection Bureau (CFPB) has seen a sharp reversal of enforcement activity and regulatory action under President…
UK factories report steeper decline in orders for June 2025
Manufacturing output in the UK declined sharply in the quarter to June, continuing at a pace similar to that seen…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
A war markets weren’t ready for: what US strikes on Iran mean for the global economy
It’s official. The United States has bombed Iran’s nuclear enrichment sites, opening a volatile new chapter in a conflict that…
Why closing the Strait of Hormuz is a double-edged sword for Iran?
The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at…
Tesla’s $4.20 robotaxi ride revives AI bull case, but analysts warn of long road ahead
Tesla Inc. made a modest but pivotal move in its bid to dominate the autonomous vehicle industry by launching its…
UK industrial strategy targets energy costs, R&D and finance access to spur growth
The UK government has unveiled a sweeping new industrial strategy aimed at revitalising the British economy through targeted investment, innovation,…
Shipping disruption in Gulf: tankers reduce transit time amid regional tensions
Following US military strikes on Iran, at least two supertankers executed U-turns at the Strait of Hormuz. Shiptracking data reveals…
From green energy to AI: UK’s ambitious 10-year industrial plan
Starting in 2027, Britain plans to reduce electricity costs for thousands of businesses. This is a central component of its…
Global markets remain calm despite US attack on Iran: here’s why
Global financial markets are keeping rather contained despite the US airstrikes on Iranian nuclear facilities over the weekend. “MSCI World”…