Tesla stock price drops as Musk leaps back into politics

The Washington Post|Published

Tesla's stock plummets by 7% following Elon Musk's announcement of a new political party, raising questions about the future of the electric vehicle giant amid his feud with Donald Trump.

OPEC+ to hike petrol output to 548 000 bpd in August

AFP|Published

OPEC+ members, including Saudi Arabia and Russia, have announced a surprising increase in oil output to 548 000 barrels per day in August, defying analyst expectations ...

BRICS nations to denounce Trump tariffs

AFP|Published

At the upcoming BRICS summit in Rio de Janeiro, leaders from Brazil, Russia, India, China, and South Africa are set to address Donald Trump's controversial tariffs, ...

France fines Shein €40 million over 'deceptive' sales practices

AFP|Published

France has imposed a record €40 million fine on Shein for deceptive sales practices, revealing how the e-commerce giant misled consumers about pricing and environmental ...

Microsoft makes deep job cuts across Xbox division, cancels games

Bloomberg|Published

Microsoft's gaming division is undergoing significant layoffs, with approximately 200 jobs cut from its Candy Crush studio, King. As the company seeks to control ...

Netflix’s lofty valuation has even bullish investors nervous

Bloomberg|Published

As Netflix's stock nearly doubles, investors face a tough choice: stick with a high-performing stock or reconsider its lofty valuation.

Hong Kong to regain IPO crown this year, say PwC and Deloitte

AFP|Published

Will Hong Kong reclaim its title as the world's IPO leader in 2025? Despite geopolitical tensions, PwC and Deloitte predict a strong resurgence in the city's capital ...

Over 14 million people could die from US foreign aid cuts: study

AFP|Published

The study in the prestigious Lancet journal was published as world and business leaders gather for a UN conference in Spain this week hoping to bolster the reeling ...

EU, US confident they’ll reach tariff deal by July deadline

AFP|Published

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Samsung is poised to unveil latest folding smartphones on July 9

Bloomberg|Published

Samsung Electronics is set to unveil its highly anticipated Galaxy Z Flip 7 and Fold 7 smartphones at the Unpacked event on July 9 in Brooklyn, New York. With promises ...

Seoul asks Temu, AliExpress to pull children's products over safety concerns

AFP|Published

Their rapid rise has triggered growing scrutiny over business practices and product safety, including in South Korea.

Global matcha 'obsession' drinks Japan tea farms dry

AFP|Published

With its deep grassy aroma, intense color and pick-me-up effects, the popularity of matcha "has grown just exponentially over the last decade, but much more so in ...

Apple set to offer app store changes after €500 million fine

Bloomberg|Published

Facing a €500 million fine from the EU, Apple is set to propose significant changes to its App Store, potentially reshaping how third-party developers engage with ...

Iran-Israel ceasefire lifts US stocks

AFP|Published

Trump has been outspoken in ridiculing Powell's decisions thus far, referring to the Fed chair in a social media post Tuesday as a "dumb, hardheaded person. "

Tesla sales skid in Europe in May despite EV rebound

AFP|Published

Despite a 25% surge in battery-electric vehicle sales across Europe, Tesla faces a staggering 40. 2% drop in sales, driven by fierce competition and the controversial ...

Young Mozambican inventor bringing the blind smart 'vision'

AFP|Published

Discover how a young Mozambican inventor is revolutionising the lives of the visually impaired with innovative smart glasses designed to enhance independence and ...

India is on the road to becoming a semiconductor powerhouse

Fawzia Moodley|Published

India is poised to revolutionise its technological landscape with the launch of its first indigenously made semiconductor chip, backed by robust government support. ...

Better than gold: how Ecuador cashed in on surging cocoa prices

AFP|Published

Cocoa is now a billion-dollar business in the Andean country, rivalling gold, copper and silver as well as the ubiquitous banana.

World facing 'most complex' situation in decades: WEF

AFP|Published

The head of the World Economic Forum warns that the world is grappling with its most intricate geopolitical challenges in decades, raising concerns about the future ...

Trump warns against rising oil prices following Iran attack

Bloomberg|Published

Amid fears of escalating conflict in the Middle East, President Trump demands energy producers lower crude prices following US military strikes on Iran, warning ...