Financial News

The UAE seeks to expand its geopolitical influence while the U.S. needs cheap, abundant power and international partners to stay ahead of China in the AI race.

Cumulative profits at major industrial firms climbed 3% in April, brushing off the impact from prohibitive U.S. tariffs and persistent deflationary pressures.

President of the European Commission Ursula Von der Leyen said that she had a “good call” with Trump, but needed until July 9 to “reach a good deal.”

Businesses are turning to artificial intelligence tools ranging from intelligent agents to predictive systems that can simulate changes in U.S. tariff policies.

BYD sold more pure battery electric vehicles than Tesla for the first time last month, a “watershed moment” for the region’s car market, JATO Dynamics said. 

Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000.

The U.K.’s annual inflation rate hit 3.5% in April, coming in above analyst expectations, according to data released by the Office for National Statistics.

The practice, which has been around since Trump’s first term, is gaining momentum as businesses scramble for workarounds to sidestep the new tariffs.

Industrial output grew 6.1% in April, stronger than analysts’ expectations for a 5.5% rise, indicating the impact from U.S. tariffs was not particularly pronounced.

The world’s wealthiest are continuing to adorn themselves with the finest jewelry even as broader luxury shoppers pull back.