More: Economics
EU Fiscal Board Criticizes Relaxed Energy Rules
The European Fiscal Board (EFB) criticized the European Commission for allowing some of the defence spending leeway from last year to be used for...
Xi Visit Strengthens China North Korea Ties Amid Shifting Regional Alliances
Chinese President Xi Jinping concluded a high profile two day visit to North Korea, with both Beijing and Pyongyang portraying the trip as a...
China Inc Quietly Cuts Jobs as AI Adoption Reshapes Workforce and Hiring
A wave of “quiet layoffs” is emerging across Chinese companies as firms rapidly adopt artificial intelligence tools while trying to avoid visible mass unemployment...
Kazakhstan Faces Pressure to Boost Oil Exports as Hormuz Risks Raise Supply Concerns
Kazakhstan's Energy Minister Yerlan Akkenzhenov said international partners are urging the country to increase oil exports as concerns grow over disruptions to energy supplies...
Dollar Steady as US Iran Tensions and Inflation Data Keep Markets on Edge
The U.S. dollar held largely steady against major currencies as investors balanced rising geopolitical tensions in the Middle East with expectations surrounding key U.S....
AI Coding Startup Cursor Chooses London for European Headquarters Amid Rapid Growth
AI coding startup Cursor has selected London as its European headquarters as it expands across the region to meet growing demand for AI powered...
EU Unveils 21st Sanctions Package on Russia, Targets Banks
The EU has proposed a new package of sanctions against Russia, aimed primarily at its banks, cryptocurrency networks, and drone production in response to...
Trump Family Made Billions From Crypto While Investors Lost Big
A Reuters investigation found that crypto ventures linked to President Donald Trump and his family generated an estimated $2.3 billion in profits while investors...
Dollar Falls From Two Month High as Middle East Tensions Ease and Rate Hike Bets Rise
The U.S. dollar slipped from a two month peak on Tuesday after easing tensions in the Middle East reduced demand for safe haven assets....
Is AI Fueling China’s Export Boom Despite Global Uncertainty?
China's exports accelerated sharply in May, driven by strong global demand for semiconductors, automobiles, and other high technology products linked to the artificial intelligence...