Boeing Posts Bigger Q2 Loss Despite Positive Cash Flow
Boeing reported a larger-than-expected loss for the second quarter after taking a $280 million charge tied to its delayed Air Force One replacement program. The company posted a net loss of $428 million, with...
Spain’s Public Works Projects Stall as Rising Costs Keep Builders Away
Spain is witnessing a sharp rise in unawarded public works tenders as construction companies pull back from bidding amid escalating costs and uncertainty linked to the Middle East conflict. According to the country’s main...
EU Challenges JD.com’s Ceconomy Takeover Over Foreign Subsidy Concerns
The European Commission on Wednesday issued a formal statement of objections to Chinese e-commerce giant JD.com regarding its proposed acquisition of German electronics retailer Ceconomy, intensifying its investigation into the deal under the EU’s...
EU Pushes to Ease Cross-Border Bank Mergers to Boost Global Competitiveness
The European Commission plans to reduce political interference in banking mergers and remove barriers to cross-border consolidation within the European Union, aiming to help European banks compete more effectively with larger U.S. financial institutions....
Citadel Securities Invests $400 Million in Crypto.com at $20 Billion Valuation
Crypto.com has secured a $400 million investment from global market maker Citadel Securities in its first-ever institutional fundraising round, valuing the cryptocurrency exchange at $20 billion. The investment reflects the increasing convergence of traditional...
US Pending Home Sales Drop Sharply in June Amid High Mortgage Rates
Contracts to purchase previously owned homes in the United States fell far more than expected in June, highlighting continued weakness in the housing market. The National Association of Realtors’ Pending Home Sales Index dropped...
U.S. Slaps 25% Tariffs on Brazil, Escalating Global Trade Tensions
The United States has imposed a 25% tariff on many imports from Brazil while granting a broader-than-expected list of exemptions, marking the first country targeted under the Trump administration’s revamped tariff strategy. The duties,...
Canadian Stock Futures Rise as Falling Oil Prices Boost Market Sentiment
Canadian stock index futures moved higher on Monday, tracking gains across global equity markets as declining oil prices eased inflation concerns and improved investor confidence. Futures linked to the S&P/TSX Composite Index rose 0.2%...
Canadian Dollar Outlook Weakened by USMCA Uncertainty
Canada’s dollar is expected to strengthen less than previously forecast over the next year as uncertainty surrounding the revision of the U.S.-Mexico-Canada Agreement (USMCA) weighs on the country’s economy, according to a Reuters poll...
Ireland Secures 10,400 New Jobs Through Foreign Investment in H1
Ireland attracted commitments from foreign multinational companies to create 10,400 new jobs during the first half of the year, slightly exceeding the 10,000 jobs announced during the same period last year, according to IDA...