Italy’s UniCredit stunned markets by clandestinely raising its stake in Germany’s second-largest lender to 21%. As Commerzbank’s management now tries to fend off a possible takeover, the government stands by its side. Why has UniCredit...
Turkey is increasing its engagement in several African countries in an effort to boost its influence and trade. But with China and Russia being the dominant players there, Ankara is struggling to find its role....
Recent decisions by US tech giants to withhold their latest artificial intelligence (AI) models from the European market have raised concerns over the level of regulation now impacting tech firms in the bloc. Oleg Stavitsky...
As the global energy landscape undergoes a transformative shift, renewable energy emerges as a critical component in securing a sustainable and resilient future for India. By diversifying its energy mix and reducing reliance on fossil...
Beijing’s most senior trade official was touring Europe this week, in a last-minute bid to avert the threat of special EU tariffs on electric vehicles from China. China’s commerce minister, Wang Wentao, wrapped up a...
The week is winding down and the US dollar is mostly consolidating against the G10 currencies. Two exceptions stand out. First, sterling is the only G10 currency higher on the day. It follows the BOE’s...
Once popular for its colorful food storage containers, US firm Tupperware has filed for bankruptcy. The company succumbed to a plummeting demand for its products. Tupperware Brands Inc. and some of its subsidiaries on Tuesday...
Western sanctions on Russia have spurred trade in China’s renminbi to new highs. The curbs are helping China to test the dollar’s status as the world’s reserve currency, sparking new tariff threats from Donald Trump....
German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced a far-ranging recall...
India’s competition regulator is looking to curb Big Tech’s dominance over web search and advertising. Interest groups say monopolistic practices hinder competition and negatively impact Indian businesses. In August, a US court in Washington, DC ruled...
Billions of dollars are being invested in artificial intelligence, but the revolutionary applications widely associated with AI are still lacking. So, will putting money into the technology ever pay off? Artificial intelligence (AI) chipmaker Nvidia on August...
After the arrest of Telegram’s boss in France, attention is on the messaging app and its hands-off approach to content moderation. Some blame it for inflaming unrest, others see it as a den for criminal...
