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Quirino Mealha

Markets

SK hynix: From near-collapse to $1 trillion and a Nasdaq listing

SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.

Business

Can a new global defence bank unlock £100bn for rearmament?

Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.

Business

Premier League clubs' financial losses surged over 600% in a season

English top-flight football clubs saw their combined pre-tax losses balloon from £135 million (€158mn) to £948 million (€1.1bn) in the 2024/25 season, even as their revenues climbed to a record high.

Markets

The key global economic risks to watch in the second half of 2026

After six months defined by war, an oil shock and a frenzied AI trade, economists say the rest of the year hangs on a chain of interlocking risks, with the fragile peace between the US and Iran as the key factor.

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Markets

Samsung loses over $100 billion in market value despite record profit

Samsung Electronics has forecast a nineteen-fold leap in quarterly profit, its third record quarter in a row, yet investors responded by wiping more than $100 billion (€87.5bn) off the company's value amid doubts over how long the AI-driven memory boom can last.

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.

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.

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