TSMC Profit Surge Fails to Lift Global Chip Stocks
Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 77% increase in second-quarter profit, beating analysts’ expectations thanks to strong demand for artificial intelligence chips. Despite the…
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IMF Urges Governments to Prioritize Price Stability Amid Global Risks
The International Monetary Fund (IMF) has urged governments and central banks to maintain price stability and credible fiscal policies as the global economy faces continued…
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ECB Expected to Hold Rates as Oil Prices Cloud Outlook
The European Central Bank (ECB) is widely expected to leave interest rates unchanged at its July 23 policy meeting as inflation continues to ease. However,…
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Wall Street Banks Beat Q2 Profit Forecasts on Trading Boom
Major U.S. banks reported stronger-than-expected second-quarter 2026 earnings, driven by robust investment banking activity and higher trading revenue amid volatile financial markets. JPMorgan Chase, Goldman…
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Uber Completes $14.8 Billion Delivery Hero Acquisition
Uber Technologies has completed its $14.8 billion acquisition of Delivery Hero, creating one of the world’s largest food delivery platforms operating across 99 countries. The…
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Vodafone’s Largest Shareholder Changes as Xavier Niel Buys £4.4 Billion Stake
French billionaire Xavier Niel has become Vodafone’s largest shareholder after acquiring a 16.21% stake worth approximately £4.4 billion from UAE telecom group e&. The transaction…
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Apollo Raises easyJet Takeover Bid to £5.7 Billion
U.S. private equity firm Apollo Global Management has submitted a £5.7 billion takeover offer for British low-cost airline easyJet, surpassing a previous £5.5 billion proposal…
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ABB to Acquire Rotork in $5.6 Billion Industrial Deal
Swiss engineering group ABB has agreed to acquire UK-based industrial equipment manufacturer Rotork in an all-cash deal valued at $5.6 billion (£4.1 billion), strengthening its…
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UK Government Nationalizes British Steel to Protect Jobs
The UK government has officially taken British Steel into public ownership in an effort to safeguard domestic steel production and protect around 4,000 jobs at…