Xbox workers stunned after jobs 'bloodbath'
That was how game developer Morgan Goin felt when she found out she was being laid off from her job at Xbox-owned ZeniMax Online Studios (ZOS) last week.
Economy
China: Fiscal support set to re-accelerate – Standard Chartered
Standard Chartered economists Carol Liao and Hunter Chan note that China’s fiscal support softened in Q2 2026 after strong Q1 activity, leading to a sharp slowdown in infrastructure FAI similar to H2-2025. They expect t…
USD/CHF Price Forecast: Pair pulls below 0.8100 but remains bullish
The USD/CHF tumbles by 0.70% on Tuesday, trading at 0.8093, as the latest US inflation report prompted market participants to pare hawkish bets that the Federal Reserve might cut the Fed funds rate this year.
US President Donald Trump says US pressed Iran to reach agreement
US President Donald Trump said that Iran retains some resilience but is largely depleted. He emphasized that he will preserve energy objectives in Iran until the end, Fox News reported on Tuesday.
Heating oil customers to get compensation after price hikes
Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said.
Meta used AI to tag workers who took leave to be laid off, lawsuit claims
Lawsuit filed by dozens of employees says people who took maternity or disability leave were disproportionately selected for layoffs
Midnight social media curfew proposed for older UK teens
Older teenagers in the UK will face an overnight social media curfew, the government has announced - though they will be able to opt out of it by changing their account settings.
Trump scraps threat of 20% fee on Hormuz cargo as US resumes blockade of Iran ports
President Donald Trump has reversed his threat of a 20% fee on all Strait of Hormuz cargo shipping, as the US battles to break Iran's hold on the waterway.
Euro gathers strength above 1.1400 after soft US inflation data
The EUR/USD pair gains ground to near 1.1425 during the early Asian trading hours on Wednesday. The US Dollar (USD) weakens against the Euro (EUR) as softer-than-expected US inflation data temporarily eased pressure on …
Euro gains as softer US inflation weighs on US Dollar
EUR/USD trades higher near 1.1420 on Tuesday as the US Dollar (USD) weakens following softer-than-expected United States (US) inflation data. The Euro’s recovery remains mainly driven by broad Greenback selling rather t…
Attovia Therapeutics files for IPO on Nasdaq
Attovia Therapeutics filed for an initial public offering and applied to list its shares on the Nasdaq Global Market under the ticker “ATTO.” The clinical-stage biopharmaceutical company develops next‑generation biologi…
GBP/JPY Price Forecast: Hold above 217.00, next target is 218.00
The British Pound registers gains against the Japanese Yen on Tuesday, rising by over 0.12% to 217.04, with the cross-pair poised to test the year-to-date (YTD) high of 218.01.
NZD/USD Price Forecast: Advance stalls at SMA clusters, bulls eye 0.59
The New Zealand Dollar extended its rally, registering solid gains versus the US Dollar after the latest US inflation report, which tempered speculation of a Fed rate hike and trimmed investors' bets by half. At the tim…
From Wimbledon towels to Scotch: What India-UK trade deal could mean for shoppers
In the offices of Welspun Living, the Indian company that makes championship towels for Wimbledon, preparations have been gathering pace to take full benefit of the India-UK free trade agreement (FTA) that came into eff…
Writers Guild sues to block Paramount’s Warner Bros. Discovery deal
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media compan…
I changed jobs 10 times in 10 years to get the career I wanted
Brittany Harris-Nelson describes her career journey so far as being like "a frog moving across lily pads".
Heating oil customers to get compensation after price hikes
Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said.
Fed’s Goolsbee: June CPI inflation data was “surprisingly benign”
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said on Tuesday that the June Consumer Price Index (CPI) report was encouraging but cautioned against overreacting to a single month of data. Goolsbee spok…
From Wimbledon towels to Scotch: What India-UK trade deal could mean for shoppers
In the offices of Welspun Living, the Indian company that makes championship towels for Wimbledon, preparations have been gathering pace to take full benefit of the India-UK free trade agreement (FTA) that came into eff…
Lucid rejects take-private, bankruptcy report after shares plunge
Electric vehicle maker Lucid Group has denied rumors of an imminent bankruptcy after a report from this morning sent the stock on a dramatic drop on Wall Street, seeing losses of more than 40 percent during trading hour…
Global cooperation needed to tackle AI threats, says Bank of England governor
The Bank of England governor has called for international cooperation to tackle growing AI threats, warning that the US and Trump administration would not be able to achieve their ambitions alone.
The softest US inflation print in six years buys British Pound Sterling about four hours
Cable trades just beneath the 1.3400 handle late in Tuesday's session, pinned under a 200-day Exponential Moving Average (EMA) that sits a few pips shy of the figure and has capped every recovery attempt for two weeks. …
Chinese Yuan: Trade surplus cushions yuan against US Dollar – Commerzbank
Dr. Henry Hao at Commerzbank reports a strong upside surprise in China’s June trade data, with exports up 27% and imports 36% year-on-year, driven by global AI infrastructure demand. He notes booming external accounts c…
Silver Price Forecast: Soft US inflation lifts XAG/USD, but downside bias remains
Silver (XAG/USD) trades on the front foot on Tuesday as softer-than-expected US inflation data tempers expectations of a near-term Federal Reserve (Fed) interest rate hike and pushes the US Dollar (USD) lower. At the ti…