US backs Elon Musk's bid to overturn €120m EU fine against X
The US government is seeking to join Elon Musk's legal challenge to overturn a â¬120m (£105m) EU fine against X over its blue tick badges.
Economy
Euro hovers near three-month highs against British Pound despite weak German data
The Euro (EUR) remains practically flat, just below three-month highs against the British Pound (GBP) on Friday, despite the downbeat German consumer confidence data released earlier in the day. The EUR/GBP pair stands …
US Dollar Index Price Forecast: Heads for second week of gain above 101.00, upside bias intact
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 101.15 in the early European trading hours on Friday.
WTI Oil reversal stalls above $91.00 as Middle East tensions outweigh supply increases
The price of the US benchmark West Texas Intermediate (WTI) barrel has stabilised above $91.00 on Friday, with the reversal from Thursday’s highs, near $96.00, losing momentum. Ongoing hopes that the US-Iran contacts wi…
German consumer sentiment drops more than expected as energy costs hit incomes
As anticipated in our last global economic outlook, elections around the world have driven notable policy changes that altered the trajectories of inflation, borrowing costs, currency values, and trade and capital flows…
RBA Preview: A Decisive Hike to Keep Inflation in Check
The Reserve Bank (RBNZ) has held its benchmark official cash rate (OCR) unchanged at 2.25 percent, as it forecast inflation to break above 4 percent but said it did not want to hurt the economic recovery.
Japan’s Katayama: Takaichi very much respects the independence of the BoJ
Japanese Finance Minister (FM) Satsuki Katayama stresses on Bank of Japan’s (BoJ) independence while speaking during the European trading session on Friday. This is the second time in the day when Katayama has delivered…
Farmers down 240 million litres of milk after heat
Milk yield was affected by a series of extreme heatwaves which led to poor grazing conditions, researchers say.
Why stocks held up despite rising yields and $100 oil? These 2 words explain it
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AUD/USD Price Forecast: Key trigger is RBA’s policy on Tuesday
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Friday after a vertical sell-off in the last two trading days. In the European trade, the Aussie pair is slightly higher to near 0.7020 after findi…
TalkTalk races to sell consumer and broadband arms as administration looms
TalkTalk is scrambling to secure its future amid the threat of administration, closing in on deals to sell its consumer and broadband arms as it seeks to save 900 jobs.
David Beckham takes £39m dividend as World Cup deals drive record profits
David Beckham has taken a $51m (£39m) dividend from his business empire after a series of deals with brands for the Fifa World Cup.
Farmers down 240 million litres of milk after heat
Extreme heat this summer has led to dairy farmers delivering 240 million fewer litres of milk than expected, researchers have said.
Twenty-four CFD firms closing in crackdown on misuse of UK authorisation
Twenty-one Contracts for Differences (CFD) firms have closed since 2025, following a FCA crackdown.
Japanese Yen gains amid intervention watch as JGB 10-year yield hits 30-year highs
USD/JPY halts its five-day winning streak, trading around 158.10 during Asian hours on Friday. The currency pair depreciates as the Japanese Yen (JPY) gathers support. Market participants are remaining on high alert, an…
US and China must act as responsible powers together, Xi says as Trump toasts friendship at state dinner
US President Donald Trump welcomed China's President Xi Jinping to the White House for a lavish state dinner where both leaders touted a new chapter in their friendship.
Swiss Franc: Dovish SNB keeps CHF under pressure against US Dollar – ING
ING’s Francesco Pesole explains that the Swiss National Bank held rates but surprised dovishly, downplaying second-round inflation effects and tweaking its FX stance.
Euro holds gains against Canadian Dollar following German GfK Consumer Confidence
EUR/CAD gains ground for the second successive day, trading around 1.6110 during early European hours on Friday.
‘Devastating’: council rejects Frome residents’ bid for regeneration project
Locals raised £1m for Mayday Saxonvale scheme involving homes and park but Somerset officials agreed deal with London-based real estate company
Scam hotel booking sent family to Wetherspoon pub
Which? says staff are turning away up to 20 tourists a day after scammers used the pub's address.
NI's economic output rises, but businesses warn of rising costs
Economic activity in Northern Ireland in the second quarter of this year grew faster than the UK and Republic of Ireland, according to official figures.
US Dollar: Bond Sell-Off Helps Greenback Consolidate Gains
The dollar closed higher against every major currency Thursday. Treasury yields climbed across the curve, with the 10-year near 5.19%, while European shares finished lower.
Equities: Rising yields weigh on stocks despite tech support - Deutsche Bank
Deutsche Bank strategists report renewed pressure on global equities as surging bond yields and higher Oil prices weigh on risk assets. The S&P 500 slipped for a third session despite a late recovery, while European ind…
Scam hotel booking sent family to Wetherspoon pub
A theatre-goer fell victim to a "sophisticated phishing attack" after booking a "luxury" London apartment, only to discover the address was a Wetherspoon pub.