How the EU is taking on Big Tech: Meta, Apple, Google, face heightened scrutiny, penalties
In a year marked by escalating regulatory pressure, the European Union intensified its crackdown on Big Tech, launching a sweeping…
US jobless claims fall to the lowest level since September 2022 as layoffs stay muted
Initial claims for US unemployment benefits fell sharply last week, dropping to their lowest level in more than two years…
Commodity wrap: oil and gold flat, while silver plunges ahead of Fed decision
Oil prices were steady on Thursday as Ukrainian attacks on Russian oil assets raised concerns over lower supply among investors.…
How the new Federal Reserve chairman will affect the economy, crypto, and Trump
The fight over the next chair of the Federal Reserve has drifted out of the financial pages and into everyday…
Brazil GDP loses momentum in Q3 as high rates weigh on services and consumers
Brazil’s economy expanded less than expected in the third quarter, strengthening the perception that prolonged painful monetary policy is helping to…
Ofgem approves $37B grid investment, adding £108 to average UK bills by 2031
The British energy regulator has given its approval to a substantial £28 billion (approximately $37.33 billion) investment plan spanning the…
Sainsbury shares slide as Qatar Fund cuts stake in major £265M selldown
J Sainsbury shares fell sharply on Wednesday after its biggest shareholder, Qatar’s sovereign wealth fund, moved to reduce its long-standing…
Swiss inflation stalls as policymakers weigh currency pressure and growth risks
Switzerland’s inflation data for November has shifted the economic conversation just days before the Swiss National Bank prepares its final…
India’s iron ore imports hit 6-year peak on domestic shortage, favorable global prices
India’s steel mills significantly increased their overseas iron ore purchases this year, driving imports to a six-year peak. This surge…
Kalshi’s rise to $11B valuation makes Luana Lopes Lara youngest self-made female billionaire
Luana Lopes Lara did not begin her journey in Silicon Valley or with a childhood spent tinkering with computers. Instead,…