Siemens beats profit estimates on strong demand for electrification
The German tech giant reported a profit that was 11% higher than that recorded in the same period last year. Siemens announced on Thursday that it had made an industrial…
Norwegian tourism gets boost as weaker Kroner draws visitors
The depreciation of the Norwegian kroner has made the famously expensive Nordic country a more affordable destination for tourists, increasing spending and benefiting local businesses. Nordic tourism has risen significantly…
Euro surges to eight-month high as safe haven currency
The euro is likely to rise further as a safe destination due to the jittery sentiment amid the global market turmoil. The ECB’s September rate decision remains a key factor…
Wall Street sees sea of red as investors fear US economic slowdown
Stocks open sharply lower on Wall Street as investors fear a US economic slowdown; Dow drops 1,000 points. Stocks opened sharply lower on Wall Street on Monday afternoon as investors…
Samsung looks to find a good fit as it enters the smart ring market
Samsung is entering the smart ring market with a product of its own: the Galaxy Ring. It is competing with established players such as Oura but hopes the offer of…
BoE cuts interest rates in first drop in four years as inflation falls
The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken…
Fed holds rates steady as Powell hints at rate cut in September
Fed holds rates steady at 5.25-5.50%, yet Powell hints at a possible rate cut in September. Treasury yields fall, gold spikes, and US stock indices rally. Federal Reserve Chairman Jerome…
Real Madrid star Kylian Mbappé strikes deal to buy own football club
Real Madrid star Kylian Mbappé to become one of Europe’s youngest club owners as he buys a majority stake in Ligue 2 side Caen in a €20 million deal. The…
Trump’s cryptocurrency endorsement: Upcoming challenges for Europe
Bitcoin experienced a further surge following former US President Donald Trump’s keynote address in support of cryptocurrencies. This development may reignite concerns about the European Union’s regulations over the controversial…
Will EU’s lithium deal with Serbia be a boost for Europe’s green tech?
Serbia’s “lithium deal” is coming back as part of an initiative that officials in Brussels, Belgrade and Berlin hope will be a huge green boon for the continent. A rather…