World

The recent British election night brought about a significant surprise with the right-wing Reform UK party making unexpected gains. Exit polls are indicating that the populist party led by Nigel Farage is on track to win 13 seats in the U.K.’s parliament, a stark contrast to its lack of success in the 2019 general election.

Bitcoin’s price experienced a significant decline to approximately $57,000 per piece after the release of minutes from the U.S. Federal Reserve’s June meeting. The digital currency plummeted by 5% in a 24-hour period, reaching $56,837, which was the lowest value in two months. This depreciated value was attributed to the Federal Reserve’s indication that it

Hurricane Beryl, the strongest-ever hurricane in July, has left a trail of destruction in the Caribbean. This tropical cyclone has set numerous records that experts attribute to climate change, developing faster and earlier in the year than similar phenomena. It holds the title for the strongest hurricane on record for both June and July and

Federal Reserve Chair Jerome Powell recently spoke at a central banking forum in Sintra, Portugal, where he expressed satisfaction with the progress on inflation over the past year. Powell acknowledged the efforts made in bringing inflation back down to the target rate and mentioned that recent readings indicate a disinflationary trend. However, he emphasized the

Meta, the parent company of Facebook, is facing accusations from EU regulators regarding its ad-supported subscription model. The European Commission has raised concerns about Meta’s compliance with the bloc’s antitrust rules, particularly with regards to the introduction of a “pay or consent” model for its social networking services. The Commission has criticized Meta’s ad-supported subscription

French voters are preparing to cast their ballots in a snap parliamentary election that could potentially see the far-right National Rally group emerge as the largest party in France’s National Assembly. This unexpected move by French President Emmanuel Macron follows his party’s disappointing performance in the European Parliament elections, where they were defeated by National

The recent snap presidential elections in Iran have revealed a tight race between a low-key moderate candidate and a protégé of Iran’s supreme leader. The moderate candidate, Massoud Pezeshkian, has garnered over 5.9 million votes, while his hardline challenger, former nuclear negotiator Saeed Jalili, has received over 5.5 million votes. This neck-and-neck competition is reflective

The recent parliamentary election in France has sparked concerns among investors, leading to a rise in the country’s risk premium. According to Citi, while the market has priced in the possibility of a benign outcome or gridlock, two potential scenarios have not been fully accounted for. The far-right Rassemblement National (RN) party and the left-wing

H&M, the world’s second largest retailer, faced a major setback as its shares plunged more than 14% in response to its second-quarter performance. The company reported a smaller-than-expected increase in profits for the period between March and May. Operating profit came in at 7.1 billion Swedish kroner, falling short of the anticipated 7.37 billion Swedish

Despite growing concerns about the U.S.-China relations and the overall business environment, a recent survey of Chinese enterprises in the U.S. has found that a majority remain bullish on the market long term. The annual survey conducted by the China General Chamber of Commerce in the U.S. revealed that nearly 60% of companies aim to