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Quirino Mealha

Business

AI chip tax windfall in South Korea could support housing and jobs

South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from semiconductor infrastructure to housing and jobs for young people.

Economy

OPEC+ agrees another modest output rise as oil prices continue to fall

Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.

Markets

Asian stocks rally after Dow sets fresh record

Asian markets pushed higher on Friday after the Dow Jones Industrial Average closed at another record high, with several AI and related chip stocks staging a rebound even as others extended their recent slide.

Economy

US job growth plummets as eurozone unemployment holds at record low

New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozone unemployment rate remains anchored at an all-time low.

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Markets

Asian stocks slide on chip sell-off as markets await US jobs data

Asian markets mostly fell on Thursday as a heavy sell-off in chip shares spread across the region, while European stocks opened flat and US futures pointed lower ahead of a closely watched American jobs report.

Business

Google ordered to pay Klarna €1.7 billion over search abuse

A Swedish court has ordered Google to pay 14.3 billion Swedish kronor plus interest (€1.7bn) in damages to PriceRunner, the price-comparison service owned by fintech group Klarna, ruling that the technology giant unlawfully favoured its own shopping service for years.

Business

Trump made over €1 billion from crypto in first year back in office

US President Donald Trump earned roughly $1.2 billion (€1.05bn) from his family's cryptocurrency ventures during his first year back in the White House, according to a federal financial disclosure released on Tuesday, even as ordinary investors in the same tokens nursed heavy losses.

Business

Scandinavian Airlines bets on recovery with €8.75bn Airbus jet order

Scandinavian airline SAS has placed the biggest order in its history, agreeing to buy up to 40 Airbus widebody jets in a deal worth more than $10 billion (€8.75bn), a striking show of confidence from a carrier that emerged from bankruptcy only two years ago.

Markets

Japanese yen sinks to 40-year low against the US dollar

The Japanese yen has dropped to its lowest level against the US dollar in four decades, putting markets on alert for urgent action by Tokyo to halt a slide that record intervention and higher interest rates have so far failed to stop.

Business

Lucky Strike maker BAT to axe 5,500 jobs worldwide in €695m cost drive

British American Tobacco is cutting 5,500 jobs across the globe and handing thousands more roles to outside contractors, as the cigarette giant races to strip out costs and pivot towards vapes and nicotine pouches.

Economy

The AI boom could trigger the next crash, central banks warn

The vast surge of investment in AI, which has powered global stock markets to record highs, risks ending in a financial bust, the Bank for International Settlements warns, as the build-up’s hidden costs begin to surface in company accounts and consumer prices alike.

Markets

The investments that soared and slumped in the first half of 2026

The first half of 2026 has rewarded investors who backed the machinery behind AI and punished those who reached for crypto and gold, as the technology boom reshaped which assets thrived and which were left behind.

Business

What King Charles' historic tax disclosure reveals and what it hides

King Charles III has become the first reigning British monarch to make his personal tax bill public, lifting the lid on a slice of the royal finances that has stayed hidden for centuries, and confirming in the process that the sovereign ranks among the country's largest taxpayers.

Business

Ferrari's marketing boss quits after backlash over first EV

The man who shaped Ferrari's image for more than a decade is leaving the company weeks after the troubled unveiling of its first electric car, with a former BMW executive drafted in to steady the brand.

Business

Micron posts record results as AI boom drives 15-fold jump in profit

The US chipmaker Micron Technology has reported quarterly revenue and profit far above Wall Street's expectations, as insatiable demand for the memory chips that power AI transformed the firm's fortunes.

Business

Defence giant KNDS unveils IPO plans as valuation could top €15bn

The Franco-German manufacturer behind the Leopard and Leclerc battle tanks, KNDS, has officially announced its plans for an IPO, listing shares in Paris and Frankfurt within weeks, capitalising on Europe's race to rebuild its military capacity.

Business

New EU crypto rules could force hundreds of firms to exit the market

The EU's landmark MiCA crypto rules take full effect on 1 July. Yet by May, fewer than one in five of the bloc's 1,200-plus registered crypto firms had secured the licence needed to keep serving European clients.

Economy

A decade after Brexit, Britain weighs costs and gains

Ten years to the day since Britain voted to leave the EU, the economic reckoning is neither the collapse its opponents feared nor the renaissance its champions promised, and the anniversary arrives with the country once again leaderless, after Sir Keir Starmer's resignation on Monday.

Markets

SpaceX sheds $600 billion in three days and turns to the bond market

SpaceX shares have fallen for a third straight session, sinking to their lowest level since the firm's market debut and wiping out most of the spectacular gains made after its IPO, just as it launches its first-ever bond sale.

Business

Germany to take 40% stake in Leopard tank maker KNDS alongside France

Berlin is preparing to buy a 40% stake in KNDS, the Franco-German group behind the Leopard and Leclerc battle tanks, putting it alongside France as a state shareholder in one of Europe's most important defence firms.

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