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© Singapore Raises 2026 Growth Forecast to 4.5%-5.5% as AI Boom Lifts Economy

Singapore Raises 2026 Growth Forecast to 4.5%-5.5% as AI Boom Lifts Economy

Singapore has sharply raised its economic growth forecast for 2026 after stronger-than-expected activity in the first half of the year, with booming global demand for artificial intelligence technolog...

© Volkswagen’s Biggest Shareholder Urges Immediate Action as Competitive Pressure Mounts

Volkswagen’s Biggest Shareholder Urges Immediate Action as Competitive Pressure Mounts

Volkswagen is facing fresh pressure from its largest shareholder to accelerate restructuring efforts as the German automotive giant struggles with rising costs, tariff pressures and intensifying compe...

© Household Income Falls Sharply in Greece and Austria as OECD Growth Stays Positive

Household Income Falls Sharply in Greece and Austria as OECD Growth Stays Positive

Household income across the OECD continued to grow in the first quarter of 2026, but the improvement was modest and uneven, with Greece and Austria recording the steepest declines among countries cove...

© China Tightens Drone Export Controls and Targets US Firms as Trade Tensions Rise

China Tightens Drone Export Controls and Targets US Firms as Trade Tensions Rise

China has introduced a new round of trade and technology restrictions targeting the United States, adding pressure to an already fragile economic relationship between the world’s two largest economies...

© Flutter Shares Plunge After Earnings Miss, Guidance Cut and CEO Exit

Flutter Shares Plunge After Earnings Miss, Guidance Cut and CEO Exit

Shares of Flutter Entertainment fell sharply on Wednesday after the sports betting group reported weaker-than-expected quarterly earnings, reduced its U.S. profit forecast and announced another major ...

© SoftBank Shares Jump 10% as Asian Tech Stocks Rally on AI Optimism

SoftBank Shares Jump 10% as Asian Tech Stocks Rally on AI Optimism

Asian technology stocks climbed sharply on Wednesday, August 5, 2026, following a record-setting session on Wall Street that renewed investor confidence in artificial intelligence, semiconductor compa...

© India Plans $3.3 Billion LIC Stake Sale to Meet Shareholding Norms

India Plans $3.3 Billion LIC Stake Sale to Meet Shareholding Norms

The Government of India has announced plans to raise up to ₹314 billion (approximately $3.3 billion) by selling up to a 6.5% stake in Life Insurance Corporation of India (LIC), the country's largest l...

© AI Hedge Fund Plunges from $45 Billion to $10 Billion in Days

AI Hedge Fund Plunges from $45 Billion to $10 Billion in Days

Leopold Aschenbrenner, the former OpenAI researcher who gained global recognition for his predictions about artificial intelligence, has suffered a dramatic setback after his AI-focused hedge fund rep...

© SK Hynix Jumps 25% as Samsung Surges Over 20% in AI-Driven Chip Stock Rally

SK Hynix Jumps 25% as Samsung Surges Over 20% in AI-Driven Chip Stock Rally

South Korea's leading semiconductor manufacturers staged a powerful comeback on Friday, with SK Hynix surging more than 25% and Samsung Electronics climbing over 20%, as renewed optimism surrounding a...

© Fed Holds Interest Rates Steady as Markets Slide on Inflation Concerns

Fed Holds Interest Rates Steady as Markets Slide on Inflation Concerns

The U.S. Federal Reserve left its benchmark interest rate unchanged on Wednesday, maintaining the federal funds rate at 3.5% to 3.75%, as policymakers weighed persistent inflation against the need to ...

© French Wildfires Threaten Defence Sites, Disrupt Economy in Southwest France

French Wildfires Threaten Defence Sites, Disrupt Economy in Southwest France

Wildfires sweeping across southwestern France have forced the evacuation of thousands of residents, disrupted operations at key defence and aerospace facilities, and dealt a major blow to the regional...

© Varta Files for Insolvency as German Battery Maker Faces Deepening Financial Crisis

Varta Files for Insolvency as German Battery Maker Faces Deepening Financial Crisis

German battery manufacturer Varta AG has filed for insolvency under self-administration, marking the latest setback for the company as weakening market conditions, declining demand and the loss of a m...

© UPS, FedEx Expand Cold-Chain Networks as GLP-1 Drug Demand Reshapes Healthcare Logistics

UPS, FedEx Expand Cold-Chain Networks as GLP-1 Drug Demand Reshapes Healthcare Logistics

Global logistics companies are accelerating investments in temperature-controlled transportation and storage as surging demand for GLP-1 weight-loss medicines drives rapid growth in healthcare logisti...

© Maruti Suzuki Targets Up to 30% Growth in SUV Sales for FY27

Maruti Suzuki Targets Up to 30% Growth in SUV Sales for FY27

Maruti Suzuki India is aiming to increase its sport utility vehicle (SUV) sales by 25% to 30% during the financial year 2027 (FY27), betting on the launch of the refreshed Brezza, recently introduced ...

© APEC Backs Secure Open-Source AI in Joint Chengdu Declaration

APEC Backs Secure Open-Source AI in Joint Chengdu Declaration

The United States, China, and 19 other Asia-Pacific economies have jointly endorsed the development of open-source artificial intelligence with strong security safeguards, marking a significant step t...

© Volkswagen Strengthens China Self-Driving Push with New AI Partnership

Volkswagen Strengthens China Self-Driving Push with New AI Partnership

German automaker Volkswagen is accelerating its autonomous driving strategy in China by strengthening its partnership with Chinese artificial intelligence company Horizon Robotics, as competition in t...

© Nike to Cut Thousands of Online Distributors in China Under Digital Restructuring Plan

Nike to Cut Thousands of Online Distributors in China Under Digital Restructuring Plan

Nike will significantly reduce its online distribution network in China beginning in January 2027, as the global sportswear giant restructures its digital retail strategy to strengthen brand consisten...

© General Motors Set to Report Q2 Earnings as Wall Street Expects Strong Profit Growth

General Motors Set to Report Q2 Earnings as Wall Street Expects Strong Profit Growth

General Motors (GM) is scheduled to report its second-quarter 2026 financial results before U.S. markets open on Tuesday, with investors closely watching the automaker's profitability, the impact of t...

© Samsung Biologics Makes $1.8 Billion Bid to Acquire PolyPeptide Group

Samsung Biologics Makes $1.8 Billion Bid to Acquire PolyPeptide Group

Samsung Biologics has announced an all-cash offer valued at 1.46 billion Swiss francs (approximately $1.8 billion) to acquire Switzerland-based PolyPeptide Group, marking the largest acquisition in th...

© BlackRock Becomes First Asset Manager to Surpass $15 Trillion in Assets

BlackRock Becomes First Asset Manager to Surpass $15 Trillion in Assets

BlackRock has become the first asset management firm to oversee more than $15 trillion in assets under management (AUM), reaching a historic milestone on the back of strong market performance and reco...

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