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Economy

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Uniper raises lower end of annual earnings outlook

German energy firm cites strong gas business performance as it prepares for potential state divestment

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AI doubts drive $25.48bn outflow from Asian stocks

Investors shift capital from Taiwan and South Korea to India and Southeast Asia amid concerns over tech valuations.

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EU gas reserves at lowest level since 2009

The European Commission states that an 80 percent storage fill rate is sufficient to secure winter supply.

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Erebor Bank in talks for $1.5 billion funding round

The crypto-focused lender seeks a valuation between $8 billion and $9.5 billion, driven by rapid deposit growth.

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Philippines' Marcos proposes $117.5B budget for 2027

The 7.2 trillion peso plan aims to boost growth but cuts education, health, and agriculture funding.

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Bitcoin slips toward $64,000 as traders await US inflation data

The cryptocurrency trades in a range, with analysts eyeing key resistance and support levels ahead of Wednesday's CPI report.

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Strategy Sells 6,948 Bitcoin Since May, Citing New 'Digital Credit' Framework

The publicly traded Bitcoin treasury company has started selling its largest asset after years of a 'never sell' policy, aiming to boost bitcoin-per-share metrics and cover dividends.

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US Dollar reaches record high against Turkish Lira

Turkish lira at record low amid geopolitical tensions and Fed rate expectations

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New compulsory traffic insurance rates announced in Türkiye

The updated tariff affects 34 million vehicle owners, with premium variations based on driver risk levels.

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Lufthansa and pilots' union agree to conciliation process

The agreement follows disputes over salaries and pensions involving Lufthansa and its subsidiaries.

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French gas reference price to increase by 5.6% on September 1st

The price hike is expected to affect approximately six million households subscribed to indexed offers.

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UK lawmakers press banks over crypto access ahead of new FCA regime

British officials warn that banking restrictions could undermine the growth of the digital asset sector.

An intercity bus terminal with several buses parked at dusk under an urban skyline.

Turkish bus company Asya Tur sold to new owners

The 64-year-old operator, based in Kocaeli, has been acquired by Cemil Uzuner and İsa Yılgın.

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Türkiye raises customs supervision threshold for smartphone imports

New regulation aims to prevent undervalued declarations but may increase retail prices for certain commercial imports.

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Intuitive Surgical Stock Down 40%, But Competitive Threats Emerge

With a 42x P/E and rivals Medtronic and Johnson & Johnson entering the market, the surgical robotics leader faces new pressures.

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Bank of Japan debates faster rate hikes at July meeting

The central bank's policy board discussed the scope to accelerate the pace of monetary tightening.

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Oil prices rise amid uncertainty over Strait of Hormuz reopening

Brent and WTI gained after a weekly drop, as investors weigh Iran-Oman talks, Houthi attacks, and attacks on UAE tankers.

A worker operates industrial machinery in a textile production facility.

Shein shrinks Vietnam operations, returns focus to China supply chain

The fast fashion retailer's retreat highlights how US tariff changes and production flexibility keep China at the center of its model.

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Brazil central bank imposes 24-hour delay on large crypto transfers

New rule targets fraud by holding transfers over $10,000 to self-custody wallets for a day, effective January 2027.

A combine harvester working in a wheat field in front of wind turbines.

Contact Energy Posts Strong H2 2026 Gains on Renewables

The New Zealand utility's shift toward renewable energy drove a 31% rise in FY26 EBITDAF, according to the earnings call presentation.

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Itaú Unibanco Q2 net income rises 7.8% to BRL 12.4 billion

Brazil's largest private bank posts higher lending and capital while trimming its full-year fees outlook.

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Lionsgate Studios stock reportedly rises on activist pressure to sell

Activist investor Anson Funds Management is reportedly urging the independent film and TV company to consider a sale.

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Treasury Wine takes A$558.4m writedown on US supply overhaul

The Australian vintner flagged the charge ahead of its full-year earnings, as it moves to fix supply chain issues in the US market.

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AirBaltic seeks €225m financing amid fleet cut

Latvian carrier reschedules bondholder vote after failed quorum, prioritizes stability over expansion.

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Solar eclipse drives German electricity prices above 460 euros

Spot market rates spiked during the evening peak as solar generation dropped, though grid operators confirmed supply remained stable.

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Nvidia to mobilize up to $500 billion with asset managers

The chip company is partnering with major investment funds to finance GPU buyers and accelerate AI infrastructure construction.

A blue semi-truck traveling on a scenic highway with mountains in the background.

German states ease truck driving ban as Rhine low water hits economy

Persistent low water levels on the Rhine are forcing companies to cut production and prompting several German states to lift Sunday truck bans.

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Intel expands stock offering to $20 billion amid AI investment push

The chipmaker upsized its share sale due to high demand, with proceeds slated for foundry expansion and general corporate purposes.

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Japan conducts record $40 billion single-day yen-buying intervention

Ministry of Finance data shows April operations surpassed previous records during period of thin market liquidity

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Beşiktaş is the only Borsa İstanbul sports company with positive returns in 2026

While the Borsa İstanbul sports index declined by 10.5%, other major clubs saw share losses.