Europe bulletin: UK tax hikes, ESA military pivot, Meta-EU clash shape the day
UK politics and European policy are shifting fast, with big moves reshaping economic strategy, energy affordability, defense ambitions, and tech…
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…
Is Europe finally getting serious about AI?
On Monday in Bratislava, Christine Lagarde did something central bankers rarely do. She told Europe to hurry up. The president…
Russia proposes decade-long extension for oil supplies to China
Russia is looking to expand its energy partnership with China, with Deputy Prime Minister Alexander Novak announcing in Beijing on…
Nvidia shares fall as report suggests Meta may shift to Google’s AI chips
Nvidia shares dropped on Tuesday after a report indicated that Meta Platforms is in talks to adopt Google-designed chips for…
UK budget preview: Rachel Reeves faces moment of truth
Rachel Reeves, the UK’s first female chancellor and former Bank of England economist, will unveil her second budget on Wednesday…
Global layoffs hit new high in 2025 as AI reshapes workforces across Big Tech
It has been a year of layoffs. The year 2025 has been marked by sweeping layoffs across the global technology…
Core PPI slows in September, easing inflation worries ahead of Fed meeting
The Bureau of Labor Statistics (BLS) reported Tuesday that core wholesale prices rose less than anticipated in September, suggesting a…
Commodity wrap: gold prices fall as dollar rises; oil slumps on oversupply concerns
Gold prices were volatile on Tuesday, with traders anticipating another rate cut by the US Federal Reserve next month. But,…
Gaza’s economy collapse explained: how war pushed 2.3M people into poverty
Gaza has experienced one of the fastest and most severe economic collapses in modern history. New data from the UN…