China's BYD Plans to Construct $1 Billion EV Factory in Turkey
China-based BYD has committed to constructing a $1 billion assembly plant for electric vehicles (EVs) in Turkey.
Europe
ECB’s Interest Rates Remain Unchanged But May See Cuts in September
The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
European Commission President Ursula von der Leyen Re-Elected to Second Term
The European Commission has re-elected its president, Ursula von der Leyen, for another five-year term. The continent is facing crises ranging from the war in Ukraine to climate change to migration to..
Tesla Increases Model 3 Prices in Europe Over China EV Tariffs
Tesla has increased the price of its Model 3 cars in European countries like Germany, the Netherlands, and Spain...
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings...
US Sanctions Are Compromising Russian Imports of Chinese Cars
US sanctions have created obstacles for Russian imports of Chinese car...
UK Supreme Court Rules Against British Airways, Paving Way for Massive Compensation Claims
The UK Supreme Court's ruling against British Airways on flight delays...
Latest News
Dyson to Cut Over 1,000 UK Jobs Amid Global Restructuring
Dyson will cut about 1,000 jobs in the UK, more than a quarter of its British workforce, as part of a global restructuring effort.
UK Card Spending Drops for First Time Since 2021, Barclays Says
Spending on credit and debit cards decreased last month, marking the first monthly decline since February 2021, according to the June statistics released by London-based Barclays bank.
NATO Supports to Reroute Internet from Undersea Cables to Space
NATO’s Science for Peace and Security Program approved an over $400,000 grant to the HEIST research program aimed at keeping the internet running in the event that underwater cables get sabotaged.
What France’s Left-Wing Coalition’s Surprise Election Win Could Mean for Markets
France’s snap general election revealed an unexpectedly strong second round result from the New Popular Front, a coalition of left-wing parties.
Algeria and Italy Finalize $455 Million Agricultural Project Deal
Algeria and Italy have signed a €420 million (approximately $455 million) deal to establish a significant agricultural project spanning 36,000 hectares in Timimoune province.
Spain, France Arrest 5 Members of Chinese Money Laundering Gang That Smuggle Over 1 Million Euros a Day
French and Spanish authorities have arrested five members of a suspected Chinese money laundering network in Spain this week.
Lufthansa Receives EU Approval to Acquire ITA Airways for $350 Million
Lufthansa has won EU antitrust approval to buy 41% of ITA Airways for around $350 million.
Russia's Central Bank Encourages Businesses to Use Crypto to Evade Sanctions
Russia's central bank has advised businesses to explore alternative solutions, including cryptocurrencies and other digital assets, to facilitate payments with foreign partners.
UK: Nurses Express Heartbreak as Hospital Patients Die Alone Amid Staff Shortages
Nurses in the UK express profound distress and heartbreak over hospital patients being left to die alone amidst shocking staff shortages, highlighting compromised care standards where survival is now
