European Luxury Sector Loses $350 Billion as China Weakness Persists
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...
Netflix Reportedly Plans to Cut 5% of Its Workforce
Netflix is planning to cut approximately 5% of its workforce, with an announcement expected as early as next week, according to a report by Puck News on Friday, citing people familiar with the matter....
WTO Raises Global Trade Forecast as AI Boom Offsets Middle East Disruptions
The World Trade Organization has upgraded its forecast for global merchandise trade growth in 2026 to 3.9%, more than double its previous estimate of 1.9%. The stronger outlook reflects robust demand for semiconductors and...
Oil Prices Top $100 as Middle East Conflict Deepens Supply Fears
Oil prices climbed above $100 a barrel on Wednesday for the first time in six weeks, as escalating fighting involving U.S. and Iranian forces heightened concerns over oil supplies from the Middle East. Brent...
Mexico Inflation Hits Six-Year Low
Mexico’s annual inflation slowed to 3.12% in July, its lowest level since May 2020, according to INEGI data. The reading fell from 3.37% in June and matched economists’ expectations. The data came a day...
German Bond Yields Hit Two-Year High as Oil Surge Fuels ECB Rate Hike Expectations
German two-year government bond yields climbed to their highest level in two years on Monday as rising oil prices, driven by escalating tensions involving Iran, strengthened expectations that the European Central Bank (ECB) will...
Canada Manufacturing Growth Continues Amid Rising Supply Costs
Canada’s manufacturing sector continued to expand in June, with production, new orders, and employment all recording steady growth, according to the latest S&P Global Canada Manufacturing Purchasing Managers’ Index (PMI). The PMI edged up...
U.S. Manufacturing Growth Slows in June as Order Surge Eases
U.S. manufacturing activity moderated in June after posting its strongest performance in three years during May, as the boost from businesses rushing to place orders ahead of potential shortages and price increases linked to...
Cuba Approves Historic Economic Reforms, Opening Door to Private Enterprise
Cuba’s National Assembly has unanimously approved a sweeping package of more than 175 economic reforms that could mark the country’s biggest shift toward a market economy since the 1959 revolution. Backed by the Communist...