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,…
The AI race heats up as bubble fears continue to worry investors
The past few months have felt like watching a new industrial revolution develop at fast-forward speed. Each week, another breakthrough…
US private-sector jobs drop 32,000 in Nov as small businesses pull back, ADP says
Private-sector employment in the United States fell by 32,000 jobs in November, one of the weakest readings in two years…
Trump signals Kevin Hassett as top pick to replace Powell, markets brace for shift
President Donald Trump gave his clearest signal yet that National Economic Council Director Kevin Hassett is the favourite to succeed…
Commodity wrap: bullion up on rate-cut bets, while oil climbs on supply fears
Gold prices rose on Wednesday as traders anticipated another interest rate cut by the US Federal Reserve later this month. …