Business

Europe’s First Commercial Robotaxi Service Launches in Croatia Through Uber, Pony.ai, and Verne Partnership

Uber, Pony.ai, and Verne launch Europe's first commercial robotaxi service in Zagreb, Croatia, marking a significant advancement in autonomous mobility.
Business Lynn Hatem -

Dow Plunges into Correction Amid Middle East Tensions and War Fears

Dow Jones Industrial Average enters correction territory as Middle East tensions and Iran war fears drive a broad market sell-off and surge in oil prices.
Business Aarav Shen -

ASEAN Summit in May to Focus on Critical Issues Amidst Middle East Conflict

ASEAN Summit in May to proceed with a trimmed agenda focusing on key issues like fuel supplies, food prices, and migrant workers, amidst the Middle East conflict.
Asia-Pacific Aarav Shen -

Huawei’s New AI Chip Gains Traction with ByteDance and Alibaba Amidst Nvidia Restrictions

Huawei's new Ascend 950PR AI chip is gaining significant orders from ByteDance and Alibaba, challenging Nvidia's market share amidst U.S. export restrictions.
Business Khaled Ayoub -

India and Russia Deepen Energy Alliance Amidst Global Tensions

India and Russia are strengthening energy ties, increasing crude oil and LNG imports from Russia amidst Middle East tensions and US pressure.
Asia Aarav Shen -
Latest

Global Rate Paths Split in 2026 as Australia Hikes and Europe Holds Steady

Global interest-rate policy is diverging in early 2026, with Australia turning to hikes, Europe holding steady, and markets watching mid-year for the next U.S. move. The split is reshaping expectations for currencies, bonds, and growth.

Yen Volatility Returns as Leaders Walk Back Comments on Currency Benefits

Japan’s leadership moved to limit market fallout after comments praising a weaker yen triggered a selloff and sent the dollar back above 155. Officials emphasized the remarks were general and not a directional signal.

U.S. Long-End Yields in Focus as Warsh-Led Fed Weighs Cuts and QT Together

Investors are positioning for a steeper Treasury curve as the next Fed chair is expected to pursue rate cuts while shrinking the central bank’s balance sheet. Strategists warn the combination could lift long-term yields and increase volatility.

PayPal Names New CEO as Branded Checkout Weakness Drives Forecast Concern

PayPal reported Q4 results below expectations and unveiled a CEO transition as the company flagged execution issues, particularly in branded checkout. Shares fell sharply as investors weighed a weaker outlook and intensifying competition.

Shanghai Offers Up to 20,000 Yuan in 2026 Car Trade-In Subsidies With Jan. 10, 2027 Cutoff

Shanghai published detailed 2026 trade-in and scrappage subsidy rules that can reach 20,000 yuan for eligible buyers. The policy sets vehicle-age thresholds, documentation requirements, and deadlines through early 2027.

China Bans Hidden Car Door Handles Starting Jan. 1, 2027, Citing Emergency Safety Risks

China will require mechanical interior and exterior door releases on passenger vehicles starting in 2027, accelerating design changes for models using retractable, flush handles. Automakers have until 2029 to update already-approved models.

China PMI Falls to 49.3 as Demand Softens and Services Retreat

China’s official PMIs slipped back into contraction in January, with manufacturing at 49.3 and non-manufacturing at 49.4, reflecting softer demand and holiday-season disruptions even as output stayed resilient.

Oil Edges Higher as Hormuz Risks Return and Traders Watch Diplomacy

Oil prices rebounded after a sharp drop as traders weighed Middle East maritime risks, renewed diplomatic signals, and supply concerns tied to Russia and OPEC+ policy.

Brazil Signals March Rate Cuts but Pledges to Keep Policy Restrictive

Brazil’s central bank held its benchmark rate at 15% and signaled easing could begin in March, while stressing it will keep policy restrictive until disinflation is secured and expectations are anchored.

Australia Lifts Cash Rate to 3.85% as Inflation Re-Accelerates

Australia’s central bank raised its cash rate target to 3.85% after inflation picked up in the second half of 2025, prompting lenders to lift variable mortgage rates in the days ahead.

Wall Street Shudders As Commodities Slide, With Gold And Silver Crashing From Record Highs

Commodities slumped as gold and silver plunged from record highs, with margin hikes and a stronger dollar amplifying the selloff and dragging global stocks into a broader risk-off move.

Gold Pulls Back From $5,550+ Highs Even As Safe-Haven Demand Stays Strong

Gold pulled back sharply after hitting record highs near $5,600 as profit-taking and a dollar rebound hit overheated trades, even as the metal remained on track for a historic monthly gain.

Bitcoin Slides Below $80,000 As Thin Liquidity And Fed-Policy Jitters Deepen The Crypto Selloff

Bitcoin fell below $80,000 as thin weekend liquidity and renewed concerns about Fed tightening and balance-sheet reduction triggered a broader crypto selloff that also pushed Ether sharply lower.

Wall Street Watches S&P 500 Near 7,000 As AI Optimism Keeps Rally Alive

The S&P 500 is hovering near 7,000 after its first intraday break above the milestone, fueled by AI optimism and rate-cut expectations as investors look to earnings and macro data for the next catalyst.

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