Red Sea supply chain inflation may be peaking already, new trade data suggests
Shippers around the world are pushing back on increases from ocean carriers diverting from the Suez Canal, but for U.S.-bound cargo, costs are still rising.
Europe stocks close higher as markets await Fed decision; Stoxx 600 logs monthly gains of 1.5%
European stocks closed slightly higher Wednesday as investors awaited the latest monetary policy decision from the U.S. Federal Reserve.
Volkswagen sets up its own AI lab as car industry looks to embrace the tech
Several car giants are pushing heavily into AI to boost their technology credentials and make their cars smarter.
Bank of England could be about to open the door to interest rate cuts
The Bank of England is expected to hold interest rates at 5.25% on Thursday, but markets will be closely watching voting patterns, projections and language.
Biden says he has decided on response to deaths of U.S. soldiers in Jordan
The deaths at a base Sunday are the first in months of attacks by Iran-backed militants since the Israel-Hamas war began.
Norway’s giant wealth fund touts possibility of Novo Nordisk, Eli Lilly joining the trillion-dollar club
Norway’s giant wealth fund says Novo Nordisk and Eli Lilly could be on course to become the first health care companies to join the trillion-dollar club.
Former UK finance minister joins Coinbase crypto exchange as an advisor
Coinbase said Wednesday that George Osborne, who served as Britain’s chancellor of the exchequer from 2010 to 2016, will join the company as a global advisor.
‘The Davos underground’: A final take on the secretive parties of the world’s rich and powerful
On the periphery of the World Economic Forum’s Congress Center, the Davos underground is where much of the wheeling, dealing, and decadence continues to happen.
H&M shares tumble 12% after weaker sales and surprise CEO exit
“It has been very demanding at times for me personally,” outgoing CEO Helena Helmersson said.
Taylor Swift’s label UMG to pull music from TikTok, accusing the social media app of bullying
Universal Music Group, which represents megastars from Taylor Swift to Drake, accused TikTok of not paying “fair value” for its music.
