Reported 11 days ago
Russia launched a significant drone and missile attack on Kyiv, resulting in the deaths of 18, including four children, and injuring at least 48. The assault, which defied U.S. calls for a ceasefire and occurred shortly after a summit between Trump and Putin, was described by Ukrainian President Zelenskiy as prioritizing aggression over diplomacy. The situation has heightened calls for stronger security guarantees for Ukraine, as European leaders condemned the attacks and the conflict shows no signs of resolution.
Source: YAHOO
Reported 11 days ago
Volkswagen has extended its collaboration with Amazon Web Services for an additional five years, focusing on integrating artificial intelligence to enhance production efficiency and reduce costs across its global manufacturing sites. The partnership aims to digitize operations through a digital production platform that is already in use in 43 locations across Europe, North America, and South America, contributing to significant cost savings for the company.
Source: YAHOO
Reported 11 days ago
C.H. Robinson has launched a new AI-driven tool, the Always-on Logistics Planner, for its Managed Solutions division, marking an expansion of AI utilization within its 4PL services. This initiative aligns with the company's ongoing technology enhancements, aiming to streamline logistics processes and improve customer interactions. Company executives noted strong adoption of this tool among customers, who appreciate its ability to handle inquiries efficiently, thereby allowing logistics personnel to focus on more complex problem-solving tasks.
Source: YAHOO
Reported 11 days ago
In the latest weekly report, U.S. rail freight traffic saw a 0.8% decline compared to the previous year, primarily driven by a slowdown in intermodal shipments, despite a 0.6% increase in commodity shipments. Noteworthy gains were posted in grain and motor vehicles, but a significant drop in petroleum products impacted overall performance. Cumulative data for 2025 still shows a 2.6% year-over-year increase in carload volume.
Source: YAHOO
Reported 11 days ago
If President Donald Trump successfully removes Governor Lisa Cook from the Federal Reserve Board, he may gain a majority control, allowing him to reshape the Fed's policies significantly. With upcoming reappointments of regional Fed presidents and upcoming challenges to Cook's removal, there are potential pathways for Trump to influence interest rates more in line with his administration's goals. However, legal and procedural hurdles may complicate this effort, as the Fed's independence from political influence is a key principle.
Source: YAHOO
Reported 11 days ago
Source: YAHOO
Reported 11 days ago
Source: YAHOO
Reported 11 days ago
Investing $10,000 in BigBear.ai, a $2 billion company specializing in custom AI solutions, raises questions about its potential for massive returns. Despite a significant contract with the U.S. Army and deployment in airport security, the company's growth is stagnant, with a reported 18% revenue decline in Q2. Additionally, BigBear.ai's margins are lower than typical software companies, impacting its valuation. With growing competition and better options available, analysts suggest that BigBear.ai may not be the best choice for investors seeking to multiply their initial investments.
Source: YAHOO
Reported 11 days ago
Japan's chief trade negotiator Ryosei Akazawa has abruptly called off his planned trip to the U.S. due to unresolved administrative discussions. The trip, intended to press for the implementation of reduced tariffs on cars and parts agreed upon in July, suggests lingering discrepancies between the two nations regarding the deal. Akazawa emphasized the urgency of revising tariffs, while the U.S. is looking to establish a significant investment framework as part of the agreement.
Source: YAHOO
Reported 11 days ago
Australia's Qantas airline has announced a nearly 15% increase in annual profit due to a resurgence in domestic travel post-pandemic, leading to a record-high increase in its share prices. The airline expects to raise fares for both domestic and international flights, while navigating challenges related to previous scandals and rebuilding consumer trust. CEO Vanessa Hudson emphasized the continued strong demand for travel, despite past legal issues faced by the company.
Source: YAHOO
Reported 11 days ago
Oil prices have decreased as traders overlook US efforts to persuade India to stop purchasing Russian crude. The global benchmark Brent crude fell below $68 a barrel amid concerns of a potential oversupply in the coming months. Despite US trade adviser Peter Navarro's increased pressure on India, refiners in the country plan to continue their Russian oil imports. Market analysts suggest that while demand may face challenges, tighter sanctions on Russia could affect future prices.
Source: YAHOO
Reported 11 days ago
China's commercial banks are intensifying scrutiny of credit card usage for stock investments as retail investors enter the $1 trillion market rally. Institutions like China Minsheng and Huaxia Bank have warned that using credit card funds for trading is prohibited, citing the potential risks of high-cost, short-term debts leading to market instability. These measures reflect concerns over speculative trading and the overarching aim to maintain financial stability in the wake of rapid market fluctuations.
Source: YAHOO
Reported 11 days ago
Bank of Japan board member Junko Nakagawa highlighted significant uncertainties regarding U.S. tariff policies and their effects on Japan and the global economy. She emphasized the upcoming 'tankan' business sentiment survey's importance in reflecting trade negotiation impacts. Amid economic uncertainties, the BOJ will continue to evaluate data for appropriate monetary policy decisions.
Source: YAHOO
Reported 11 days ago
Lynas Rare Earths has expressed significant uncertainty regarding its heavy rare-earths processing plant in Texas and reported a larger-than-expected decrease in annual profits. Negotiations with the U.S. Department of Defense for an offtake agreement are ongoing, but Lynas warns that construction may be delayed. The company's net profit fell sharply to A$8 million, missing estimates, partly due to depreciation costs and lower production at its facilities. Lynas is planning to raise A$750 million to fund new growth opportunities.
Source: YAHOO
Reported 11 days ago
SK Telecom, South Korea's largest mobile operator, was fined 134.8 billion won ($97 million) by the Personal Information Protection Commission following a major cyberattack in April that compromised the data of approximately 23 million individuals. The commission criticized the company for failing to adequately protect customer data and for not promptly reporting the breach. In light of this incident, legislative efforts are underway to address national cybersecurity implications and improve data protection oversight.
Source: YAHOO
Reported 11 days ago
Asian markets experienced fluctuations following Nvidia's strong earnings report, with concerns about its China business overshadowing investor optimism. The MSCI Asia-Pacific index saw minor losses, while U.S. futures also dropped after Nvidia's disappointing insights on its China operations. In Japan, stocks fluctuated amid trade negotiation uncertainties, and Hong Kong faced significant losses led by a decline in Meituan shares. Meanwhile, the dollar fluctuated as traders anticipated a possible interest rate cut, influenced by recent comments from Federal Reserve officials.
Source: YAHOO
Reported 11 days ago
Oil prices dipped as investors considered the approaching end of the U.S. summer driving season and the supply implications of U.S. tariffs affecting India's imports of Russian oil. Brent crude futures fell by 0.46% to $67.74, while WTI dropped 0.56% to $63.79. Despite reports of decreased U.S. crude inventories suggesting strong demand, analysts anticipate a decline in consumption as summer ends. India's response to U.S. pressure to cease Russian oil purchases will be key, with expectations that they may continue buying despite tariffs.
Source: YAHOO
Reported 11 days ago
The dollar opened lower as traders increased bets on a potential Federal Reserve interest rate cut in September, following comments from New York Fed chief John Williams. The U.S. currency faced additional pressure from President Trump's efforts to influence Fed appointments. Despite a slight dip against the euro and Swiss franc, the dollar's index remained steady. The market anticipates key economic data releases that could impact Fed decisions, with traders estimating an 84% chance of a quarter-point rate cut next month.
Source: YAHOO
Reported 11 days ago
South32 reported a 75% increase in full-year profit due to strong performance in its alumina division and rising commodity prices, despite falling short of market expectations. The company's alumina earnings rose significantly, although challenges in its Australian manganese operations impacted overall projections. South32 anticipates a 4% production growth for its Worsley Alumina operations but is preparing for potential maintenance of its Mozal Aluminium smelter amid rising operational costs.
Source: YAHOO
Reported 11 days ago
TransBnk, a Mumbai-based startup, has raised $25 million in funding to tackle the outdated corporate banking landscape in India, which lags significantly behind the consumer fintech sector. Despite the rapid growth of digital payments for consumers, businesses still rely on inefficient manual processes for transaction banking. TransBnk aims to provide a unified platform for businesses to access various banking services seamlessly, having already integrated with 40 banks and serving over 220 customers. The company plans to expand regionally and into various sectors with the new capital.
Source: YAHOO
Reported 11 days ago
Singapore's food safety law enforces stringent packaging standards essential for protecting food safety and quality, as over 90% of the nation's food is imported. These regulations ensure that packaging materials are safe, non-toxic, and designed to prevent contamination, while also demanding clear labelling for consumer awareness. The law promotes innovation in sustainable packaging solutions, creating opportunities for businesses to enhance compliance and market presence in a premium market focused on high food safety standards.
Source: YAHOO
Reported 11 days ago
New Zealand's economy is showing signs of recovery after a recession in 2024, with a 0.8% growth in the first quarter of 2025. However, international tensions, including a potential trade war with the US, threaten this recovery. The government's investor visa program is attracting foreign capital, with new applications projected to bring NZD 845 million in investment. Despite low overall business confidence, demand for accounting services is high, driven by changes in regulations and the need for compliance. However, the region still faces a skills shortage, and firms are increasingly turning to mergers and acquisitions for growth.
Source: YAHOO
Reported 11 days ago
中國新能源車製造商BYD宣布已開始從泰國出口電池電動車，首批960輛泰國製造的BYD Dolphin電動車已啟程前往德國、荷蘭和比利時。BYD泰國總經理表示，這一出口不僅標誌著BYD全球化戰略的一個重要進展，也凸顯了泰國在全球電動車供應鏈中的關鍵角色。
Source: YAHOO
Reported 11 days ago
Suzuki Motor has announced a plan to invest over $8 billion in its Indian operations within the next 5-6 years, aiming to double its production capacity in the country by 2030. CEO Toshihiro Suzuki highlighted India's growing significance as the company's largest production hub during an event to celebrate the launch of exports for the new eVitara SUV. The Hansalpur facility is set to become one of the largest automotive manufacturing centers globally, with plans to produce 1 million units and export to over 100 countries. Suzuki also aims to enhance its electric vehicle operations and reduce emissions through various technologies.
Source: YAHOO