The US Supreme Court is set to review a lawsuit filed by the Mexican government against Smith & Wesson and other gun manufacturers. The lawsuit claims these companies have contributed to the illegal sale of firearms to individuals linked to violent drug cartels in Mexico.
Israel bombed over a dozen Hezbollah targets in Beirut Thursday, as G7 nations urged against escalating tensions in the Middle East. President Biden's comments raised doubts about U.S. support for Israeli strikes on Iranian oil facilities, leading to a surge in oil prices. Meanwhile, Robinhood CEO Vlad Tenev announced plans to introduce retirement products in the UK as the trading platform expands its services.
Traders have reduced their expectations for future Federal Reserve interest-rate cuts after the September US employment data exceeded estimates, indicating strong hiring trends. This suggests confidence in the economy and may influence the Fed's policy decisions moving forward.
Ghana is on track to receive an additional $360 million from the International Monetary Fund. This follows a recent review of its funding program. The financial support aims to strengthen the country’s economy as it continues to navigate challenges.
Germany, France, and Italy are urging the European Union to exercise caution in its financial rule-making. They believe the focus should shift towards enhancing the competitiveness of the banking sector rather than imposing new regulations. This reflects a growing global trend of prioritizing economic growth over regulatory measures.
Iran's oil production is bouncing back to nearly full capacity, despite years of US sanctions. However, this surge in supply faces growing risks as tensions with Israel escalate.
The European Union has voted to impose tariffs as high as 45% on electric vehicles from China. This move could spark a larger trade conflict with Beijing, which has promised to defend its companies.
Shares in Springer Nature AG & Co. climbed as much as 9.6% on their first day of trading in Frankfurt. This marks a significant boost for Europe’s equity capital markets.
Hong Kong's long-dormant currency is making a comeback as demand surges, driven by a remarkable rally in Chinese stocks listed on the city's exchange. Investors are showing renewed interest, signaling a shift in market sentiment.
Chinese stocks in Hong Kong are experiencing their best two-week rally since 2007. Investors are optimistic, but there are growing questions about the sustainability of this rebound. Many are wondering how much further these gains can go amidst ongoing economic concerns.
