The slowdown in the UK jobs market became more evident in the run-up to November’s budget, as new figures revealed a sharp drop in payroll employment and weaker wage growth. Official data released on Tuesday highlighted the largest monthly fall in payrolled jobs since late 2020, signalling a tougher environment for workers and employers alike.
Indian shares fell to their lowest levels in more than three months on Tuesday, as a broad-based sell-off driven by weak corporate earnings, global trade concerns and sustained foreign fund outflows rattled investor confidence. The benchmark Nifty 50 slipped 1.38% to close at 25,232.5, while the BSE Sensex declined 1.28% to 82,180.47, both marking their
Donald Trump’s return to the World Economic Forum in Davos has reshaped the tone and priorities of this year’s gathering, as global business leaders and policymakers brace for the implications of his agenda on trade, security, and geopolitics. The US president is expected to arrive in the Swiss resort on Wednesday to deliver a special
Global trade policy is rapidly transforming into a strategic instrument, evidenced by “The Greenland episode” and Canada’s notable pivot toward China. This shift is creating a unique market environment where stable financial conditions coexist with increasingly turbulent commodity pricing, a divide set to define the near future, according to Rystad Energy’s Chief Economist, Claudio Galimberti.
Shares of RAPT Therapeutics surged sharply on Tuesday after the biopharmaceutical company said it had agreed to be acquired by British drugmaker GSK in a deal valued at about $2.2 billion, giving the larger group access to a late-stage food allergy treatment. RAPT stock jumped 64% to $57.41 in premarket trading, approaching the agreed offer
TenX Protocols Inc. (TSX-V: TNX), a blockchain infrastructure company focused on staking solutions for next-generation networks, announced that it has acquired Tezos (XTZ) tokens as part of a strategic staking partnership with the Tezos Foundation. The XTZ acquisition supports TenX’s validator operations on the Tezos network and aligns with the company’s broader strategy of active
The CAC 40 and DAX Index futures plunged by over 1% in the futures market as a conflict between the United States and Europe escalated during the weekend. The German DAX, which tracks the biggest companies in the country, retreated to €25,122 from its all-time high of €25,470. Similarly, the CAC 40 Index futures dropped
UK government bonds offering minimal interest but favourable tax benefits are seeing a surge in demand. Investors are shifting into short-term, low-coupon gilts before billions of pounds are expected to return to the market from retail holders. Trading volumes climbed late last week, with these gilts outperforming other debt as investors aimed to secure better
Apple Inc. reclaimed the top position in China’s smartphone market during the holiday quarter, buoyed by a sharp rebound in iPhone shipments even as a deepening shortage of memory chips weighed on the broader industry. According to data from Counterpoint Research, Apple’s iPhone shipments in China rose 28% in the December quarter, allowing the company
Financial markets in Japan are reacting swiftly to growing speculation of a major tax shift ahead of an expected early election. While government bond yields are spiking over fiscal concerns, investors are pouring into food-related shares. The anticipated move to reduce or even scrap the sales tax on food has driven gains in consumer staples,