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SkySpecs raised $20 million for its renewable energy asset health management

SkySpecs raised $20 million for its renewable energy asset health management

April 7, 2025, 2:58 pm EDT
Meta’s Dual Path: Sustaining Social Dominance While Navigating Metaverse and AI Transitions

Meta’s Dual Path: Sustaining Social Dominance While Navigating Metaverse and AI Transitions

May 21, 2025, 11:55 am EDT
Bitcoin Hits New All-Time High of $118,804.6, Driven by Policy Shifts and Institutional Inflows

Bitcoin Hits New All-Time High of $118,804.6, Driven by Policy Shifts and Institutional Inflows

July 21, 2025, 4:55 pm EDT
RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

RBNZ Likely to Pause Rate Cuts This Week; Economic Outlook Faces Pressures

July 10, 2025, 3:58 pm EDT
UK Markets Await Central Bank Decisions Amid Holiday Lull

UK Markets Await Central Bank Decisions Amid Holiday Lull

May 13, 2025, 3:45 pm EDT
More in BUSINESS
Soaring Vegetable and Fruit Prices in the US in 2025 Spark Concerns

Soaring Vegetable and Fruit Prices in the US in 2025 Spark Concerns

Soaring Vegetable and Fruit Prices in the US in 2025 Spark Concerns

Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains

Trump's Plan to Impose 50% Tariff on Copper Imports Shakes Global Supply Chains

On July 8, 2025, US President Trump announced at a White - House cabinet meeting that he planned to impose a new 50% tariff on all copper imported into the US, which has attracted widespread attention. The news sent New York copper futures prices soaring, triggering shockwaves in the global metal market.

Amazon Hits 1 Million Robots, Launches DeepFleet AI to Revolutionize Logistics with "Second-Level Response"

Amazon Hits 1 Million Robots, Launches DeepFleet AI to Revolutionize Logistics with "Second-Level Response"

Recently, Amazon announced that the number of its robots deployed globally has reached 1 million, and launched a generative AI foundation model named DeepFleet, bringing a major transformation to the logistics industry and opening a new era of "second - level response".

EU - US Trade Talks Stalled, European Economic Data Under Pressure

EU - US Trade Talks Stalled, European Economic Data Under Pressure

The EU may reach a trade deal with the US by the end of this month, aiming to establish a "minimum - tariff reciprocal framework" to avoid the 10% benchmark tariff proposed by Trump. However, specific exemption clauses are still being negotiated. This stalemate is having a significant impact on the European economy.

European Stocks Rally on July 9, STOXX 600 Hits Four-Week High

European Stocks Rally on July 9, STOXX 600 Hits Four-Week High

European equities closed higher on July 9, with the pan-European STOXX 600 rising 0.8% to a four-week peak, led by banks and defense sectors. Italy’s FTMIB surged 1.6% to 2007 levels, fueled by a 4.6% jump in UniCredit (CRDI.MI) to 2011 highs, despite shareholder resistance to its Commerzbank (CBKG.DE) acquisition bid.

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Title: Trump Imposes 50% Punitive Tariffs on Brazil, Launches Unfair - Trade Probe

Local - time on Wednesday, US President Donald Trump turned his trade anger towards Brazil, the largest economy in Latin America. He announced a 50% punitive tariff on Brazilian goods exported to the US and ordered an investigation into "unfair trade practices", which may lead to higher tariffs. The new tariff will take effect on August 1, much higher than the 10% tariff imposed on Brazil on April 2 this year.

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

Fed Minutes Boost Rate Cut Hopes; Nvidia Briefly Tops $4 Trillion Market Cap

U.S. stocks rallied broadly on Wednesday, July 10, with the tech-heavy Nasdaq hitting a record high. The surge followed the Federal Reserve’s meeting minutes reinforcing expectations of rate cuts this year and Nvidia’s brief ascent to a $4 trillion market valuation.

U.S. House Passes First Major Crypto Industry Regulation Bills

U.S. House Passes First Major Crypto Industry Regulation Bills

The U.S. House of Representatives passed the Genius Act on July 17, sending it to President Trump for signature. This marks the first U.S. regulatory framework for dollar-backed crypto stablecoins. The House also approved two other crypto bills the same day.

BOJ Warns of Food Price-Driven Inflation; U.S. Tariffs Could Severely Hurt Japan's GDP

BOJ Warns of Food Price-Driven Inflation; U.S. Tariffs Could Severely Hurt Japan's GDP

Bank of Japan board member Junko Kotani warned on July 9 that surging prices of rice and other foodstuffs are intensifying inflationary pressures, urging vigilance against "second-round effects" that might lift household inflation expectations. Japan’s consumer inflation remains around 3%, but the BOJ’s weighted median inflation gauge—closely watched by policymakers—still lags below the 2% target. Kotani noted economic uncertainty makes it premature to pinpoint the next rate hike, with food prices a critical variable.

New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

New Zealand's S&P/NZX 50 Falls 0.7% as RBNZ Pauses Rate Cuts

New Zealand’s benchmark S&P/NZX 50 index dropped 0.7% to 12,769 on Wednesday, pulling back from a seven-week high hit the previous day, after the Reserve Bank paused its rate-cutting cycle. The central bank kept the cash rate at 3.25% as expected, citing concerns that current inflation and global trade tensions could fuel price pressures. It had cut rates six times since August 2023, totaling 225 basis points, but signaled further cuts may come if inflation eases as projected in May.

RBA Pauses Rate Cuts; Mortgage Stress Shows Regional Divergence

RBA Pauses Rate Cuts; Mortgage Stress Shows Regional Divergence

Australia’s central bank held its cash rate at 3.85% on July 9, with the Monetary Policy Committee voting 6-3 to wait. While May inflation dipped to 2.1% (core 2.4%, a 3.5-year low), June’s CPI was "slightly stronger than expected," and rising global trade policy uncertainties—like U.S. tariff hikes—prompted the RBA to seek more data confirming inflation’s steady move toward the 2.5% target.

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada Accelerates Trade Diversification to Counter U.S. Tariff Shocks

Canada is pushing faster trade diversification to fend off U.S. tariff impacts: its U.S. export share dropped 10 percentage points to 68% between May 2024 and May 2025, with auto parts and steel hit hardest. Over the period, U.S.-bound exports fell C$7.7 billion (-15%), while gains to the UK, EU, and Asia-Pacific (C$5.7 billion, +42%) failed to offset the gap.

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland Revises Q1 GDP Down, Germany’s Exports Slide on U.S. Tariff Shifts

Ireland’s CSO sharply revised Q1 GDP growth on July 8: annual expansion was cut to 7.4% from 9.7%, as surging U.S. pharmaceutical exports faded. The more indicative Modified Domestic Demand (MDD) was revised up to 2.0% from 0.8%, though 2024 full-year MDD growth was trimmed to 1.8% from 2.7%. GNI*, stripping multinationals’ distortions, showed 4.8% 2024 growth, highlighting GDP’s skew from cross-border capital flows.

Japan's Corporate Bankruptcies Hit 11-Year Half-Year High, Pressures Mount

Japan's Corporate Bankruptcies Hit 11-Year Half-Year High, Pressures Mount

Japan saw 4,990 corporate bankruptcies in H1 2025, up 1.19% year-on-year and the highest H1 tally since 2014. Small businesses bore the brunt: 172 firms collapsed directly due to labor shortages—a record—with 89.8% of failed companies employing fewer than 10 people. They faced a vicious cycle: forced to raise wages but unable to absorb costs, widening the "pay gap" with large corporations.

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple’s $3 Trillion Milestone: Growth, Innovation, and Looming Challenges

Apple has solidified its position as the world’s first tech giant to surpass a $3 trillion market cap, buoyed by the enduring popularity of its iPhone, Mac, and expanding services ecosystem. Despite a slowdown in hardware sales in 2023, the company’s software services revenue surged 12% year - over - year, now accounting for 25% of total earnings.

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