UK Business Activity Picks Up Despite Middle East Worries
PMI edges higher as new orders rise, but job cuts deepen British business activity expanded modestly in June, according to the S&P Global UK Composite [more…]
Euro Zone Economy Stalls Again as Growth Falters
Flat PMI signals stagnant outlook despite German rebound The euro zone economy remained stagnant for a second consecutive month in June, according to HCOB’s flash [more…]
Swiss and Norwegian Rate Cuts Highlight Global Policy Divide
Europe shifts to easing while Fed warns of U.S. inflation spike Central banks in Switzerland and Norway cut interest rates on Thursday, citing falling inflation [more…]
Japan’s Rice Prices Soar Over 100%, Fueling Inflation Surge
May sees sharpest spike in over 50 years as core inflation climbs Rice prices in Japan surged by 101.7% in May compared to the previous [more…]
Amazon to Invest $233M in India to Boost Operations
Expansion focuses on infrastructure, safety, and tech innovation Amazon announced Thursday it will invest more than 20 billion rupees ($233 million) in India in 2025 [more…]
Spain Expands Grid Rules to Include Renewable Voltage Control
New regulation gives solar and wind plants more grid responsibility Spain’s competition and energy watchdog announced on Thursday that it has updated long-standing voltage control [more…]
ECB Warns Banks on SME and Property Loan Risks
Donnery urges vigilance amid trade tensions and rising arrears European Central Bank supervisor Sharon Donnery warned on Wednesday that euro zone banks must remain alert [more…]
UBS and Pictet Hit by Data Leak at Swiss Vendor
Cyberattack Exposes Employee Data, Not Client Info Swiss banking giants UBS and Pictet disclosed a data breach on Wednesday stemming from a cyberattack on external [more…]
Amazon CEO Warns AI Will Shrink Corporate Workforce
Andy Jassy says generative AI will replace some roles over time Amazon CEO Andy Jassy has told employees that artificial intelligence will ultimately lead to [more…]
Luxury Shoppers Lose Confidence in U.S. Economy
Saks survey shows spending intent at lowest since April 2023 Affluent U.S. consumers are growing more cautious about the economy, according to the latest Saks [more…]
