World

The recent British election night brought about a significant surprise with the unexpected gains seen by the right-wing Reform UK party. Exit polls are indicating that the party, led by Nigel Farage, is forecasted to secure 13 seats in the U.K.’s parliament, a vast improvement from the zero seats it held in the 2019 general

Bitcoin, the world’s most popular cryptocurrency, witnessed a drastic drop in its price, falling to approximately $57,000 per coin. This decline occurred on Thursday, marking a two-month low following the release of the U.S. Federal Reserve’s meeting minutes from June. The central bank’s indication of no immediate plans to cut interest rates had a direct

Hurricane Beryl has been declared the strongest-ever hurricane in July, breaking the latest in a series of records as it causes widespread destruction in the Caribbean. The tropical cyclone has set numerous records that experts say are tied to climate change, as it developed faster and much earlier in the year than similar phenomena. It

Federal Reserve Chair Jerome Powell recently discussed the progress made on inflation over the past year at a central banking forum in Sintra, Portugal. He acknowledged that progress had been made in bringing inflation back down to the target rate of 2%. However, he mentioned that further evidence was needed to ensure that inflation was

Meta, the parent company of Facebook, has found itself in hot water with EU regulators over its ad-supported subscription model. The European Commission has accused Meta of failing to comply with the bloc’s landmark antitrust rules, specifically regarding the “pay or consent” model that the company introduced last year for Facebook and Instagram in Europe.

The French political landscape is bracing for a seismic shift as voters prepare to cast their ballots in a snap parliamentary election. President Emmanuel Macron’s decision to call for this election comes in the wake of his Renaissance party’s disappointing performance in the European Parliament elections, where they were soundly beaten by the far-right National

The snap presidential elections in Iran have revealed a close race between a low-key moderate candidate, Massoud Pezeshkian, and a hardline contender, Saeed Jalili. More than 14 million votes have been counted, with Pezeshkian securing over 5.9 million votes and Jalili receiving over 5.5 million votes, according to provisional results by the interior ministry. The

France’s parliamentary election has sent shockwaves through the investment community as the country’s risk premium continues to rise. While the market has priced in some possible outcomes, there are still scenarios that have not been fully taken into consideration. This uncertainty could have a significant impact on stocks in the broader European region, according to

H&M, the world’s second-largest retailer, experienced a significant setback as its shares plummeted by over 14% following a disappointing second-quarter financial report. Despite an increase in profits compared to the same period last year, the operating profit fell short of analysts’ expectations. This unexpected turn of events raised concerns among investors and led to a

In a recent survey conducted by the China General Chamber of Commerce in the U.S., it was found that a majority of Chinese enterprises remain optimistic about the U.S. market in the long term, despite increasing worries about U.S.-China relations and the overall business environment. The survey revealed that nearly 60% of companies are looking