Economy
El Niño and Middle East conflict threaten global food security
Geopolitical tensions and extreme weather patterns create a 'hyper-siege scenario' for global agriculture
California court sets March trial for Paramount Skydance's Warner acquisition
The antitrust lawsuit involving twelve US states and a screenwriters' union has delayed an $111 billion deal.
Ellison: Mega-Merger Opposition Driven by Politics, Not Market Share
Paramount Skydance CEO defends $111bn Warner Bros. Discovery deal amid lawsuits and political backlash.
Tyson Foods lowers fiscal 2026 forecast, stock slips
The meat producer reduced its adjusted operating income outlook and reported weak beef segment results, while naming a new CEO.
Turkey's central bank governor: Tight policy will strengthen disinflation
Fatih Karahan met businesspeople in Erzurum, citing 31.8% July inflation and positive export expectations.
S&P 500 hits record high, oil prices decline
US stocks reached new peaks on Tuesday as corporate earnings impressed, while Brent crude prices fell.
Paramount Skydance raises full-year profit outlook, ‘confident’ on WBD deal
The company’s Q2 earnings beat revenue expectations and it raised its adjusted EBITDA guidance citing merger savings.
Federal Reserve Board approves application by Banco Santander and Santander Holdings USA
The decision follows a formal application process by the banking group and its US-based holding company.
Spotify reaches 300 million Premium subscribers
The music streaming giant announced the milestone alongside its latest quarterly financial results, which showed revenues reaching approximately €4.78 billion.
BNY partners with Galaxy to add crypto staking to custody platform
The collaboration aims to integrate staking, reporting, and tax services for institutional clients.
US job openings fall to 7.36 million in June
The decrease in available positions comes as hiring activity shows signs of slowing momentum.
Texas Governor mandates audit of data centers seeking grid connection
A moratorium on new projects aims to protect grid stability as electricity requests surge
BitGo to replace LayerZero with Chainlink for WBTC cross-chain services
The move contributes to a $14.6 billion migration of funds toward Chainlink's CCIP infrastructure.
Economist Steve Hanke: AI costs can exceed human labor costs
Resource requirements and infrastructure investments challenge views of low-cost AI implementation
Estonian electricity prices rose 20% year-on-year in July
Higher prices followed a regional drop in hydropower and reduced imports, despite record renewable output.
US trade deficit narrows to $73.3 billion in June
A decrease in imports led to a 5.6% month-over-month decline in the US trade deficit.
Bank of Estonia releases second batch of Sipsik commemorative coin cards
The collector's items mark the 65th anniversary of the Estonian children's literature character
Pfizer exceeds second-quarter estimates, raises revenue outlook
Stronger performance from non-Covid products drives the pharmaceutical company to hike full-year revenue guidance.
Turkey Wealth Fund Izmir Port ownership transfer
The strategic asset will undergo a transformation process under an operating model.
Hong Kong June retail sales reach HK$31.5 billion
The retail sales value for the month reached HK$31.5 billion.
US fast-food company Fat Brands to be liquidated following bankruptcy
The company’s assets were sold in four parts to settle approximately $1.4 billion in debt.
More than 40,000 ships passed through Turkish straits in first half of 2026
Traffic remained near record levels despite tensions in the Black Sea and Strait of Hormuz.
France shuts down three nuclear reactors due to drought
Reduced river flows in the Meuse and Moselle trigger shutdowns and output reductions
Iraq aims to export over 700,000 barrels of oil daily through Turkey
Oil Minister Basim Muhammed Hudayyir outlines new energy framework and transit negotiations with Iran.
El Nino impacts agricultural markets as wheat prices hit highest levels since May 2024
Weather events, climate conditions, and geopolitical tensions drive up costs for several key commodities.
European Commission completes legal steps for Scaleup Europe Fund
The €5 billion fund aims to help European companies expand and compete in global markets.
Citi forecasts gold to hold flat near-term, then rally to $5,000 by 2027
The bank expects a renewed uptrend from Q4 2026, with spot prices reaching $4,500 an ounce this year and $5,000 in early 2027.
Prologis to acquire SEGRO in $18.8 billion deal
US real estate group Prologis plans to buy London-listed SEGRO, with the recommended bid valued at $18.8 billion (about £14 billion).
European stocks near record highs as earnings beat expectations
Strong corporate results from HSBC and Bayer boosted risk appetite, while consumer sector weakness limited gains.
Copper prices rise as exchange data shows inventory falls sharply
Stocks at major exchanges dropped significantly, fueling supply concerns and pushing prices to two-month highs.