Lifestyle
Gold hits highest since May after cooling US employment data
Gold jumped to a six-week high after US hiring data pointed to a gradual cooling in the labour market that bolstered expectations for lower interest rates in the coming...
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns
OIL prices settled lower on Friday (Jul 5) as the rising possibility of a ceasefire deal in Gaza outweighed strong summer fuel demand and potential supply disruptions from Gulf...
Samsung stock hits three-year high on profit leaping 15-fold
SAMSUNG Electronics posted its fastest pace of sales and profit growth in years, reflecting a recovery in memory chip demand as AI development accelerates globally.
The world’s largest maker...
Nvidia creating ‘huge bottleneck’ in AI chip supply, EU’s competition chief warns
EUROPEAN Union competition chief Margrethe Vestager warned of a “huge bottleneck” in Nvidia AI chips supply, but said watchdogs are still making up their minds about what, if anything...
US: Wall Street opens muted after non-farm payrolls data
Wall Street’s main indexes were muted at the open on Friday (Jul 5) after data showed US job growth slowed to a still-healthy pace in June.The Dow Jones Industrial...
Visa, Mastercard to extend non-EU card fee caps to 2029
They agreed to extend a 0.2% fee cap on non-EU debit card payments and a 0.3% fee limit on credit card paymentsVisa and Mastercard will extend caps on tourist...
China regulator vows to clamp down harder on capital market fraud
CSRC and five other government agencies jointly published a set of guidelines against capital markets cheating, their latest efforts to address a deep-rooted issueCHINA’S securities regulator vowed on Friday...
Lufthansa CEO optimistic about financial health of ITA Airways
The German carrier could take a 90 per cent in the Italian airline as early as next year, says chief executive LUFTHANSA executives sought to reassure investors about ITA...
