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Economy

Economy

Price war sidelines Tesco, Sainsbury’s from FTSE gains; analysts back Tesco

European markets posted sharp gains on Thursday after US President Donald Trump unexpectedly postponed a new round of tariffs on dozens of…
Economy

Chocolate giant Barry Callebaut’s sales drop as cocoa prices soar

Barry Callebaut, a Swiss chocolate maker, lowered its annual sales volume forecast on Thursday due to “unprecedented volatility” in cocoa bean prices. …
Economy

Time to dump Broadcom? China’s retaliation could hit chip demand

Broadcom Inc (NASDAQ: AVGO) continues to struggle as China vowed “resolute and forceful” measures after the US raised its tariffs further on…
Economy

Interview: Psychedelics changing the course of depression; stocks trading on volatility not fundamentals, says Cybin CEO Doug Drysdale

The US psychedelic industry is at a pivotal moment, moving gradually from clinical trials into early stages of commercialization, but still facing…
Economy

London lost the highest number of millionaires last year after Moscow: is the city losing the race for global capital?

London has witnessed the departure of more super-wealthy residents than any city in the world, apart from Moscow, according to a new…
Economy

Trump’s tariff plans could drive up US wine prices and hurt demand

US wine sellers are concerned about President Donald Trump’s tariffs which are set to take effect later on Wednesday. The tariffs are…
Economy

Apple (AAPL) stock slips 2% despite ratings upgrade: here’s why

Apple shares continued their slide on Wednesday after China responded to US tariff hikes by raising its own levy on American goods…
Economy

SCHD ETF: Top 3 reasons to buy the dip of this dividend stock

The Schwab US Dividend Equity ETF (SCHD) has crashed and moved into a correction in the past few days as jitters on…
Economy

European stocks rise as trade tension jitters linger

European equity markets experienced a welcome respite on Tuesday, opening higher after a four-day losing streak had battered investor sentiment worldwide. The…
Economy

Fitch upgrades ratings for six Chinese banks despite sovereign cut

Fitch Ratings has upgraded the outlook for six major Chinese banks from Negative to Stable, signalling increased confidence in the country’s financial…
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