Global Economy

China's factory activity likely returned to meagre growth in June, according to a Reuters poll.

Ivan Saltzman, who built Dis-Chem into a $1.7 billion healthcare chain operating in three countries, is retiring as board chairman, prompting South African retailers to share mixed lessons on management and wealth transfer.

Baidu shares rose 7% after its AI chip unit Kunlunxin was reported to be aiming for a $50 billion initial public offering in Hong Kong.

Volkswagen plans up to 100,000 job cuts and is weighing further asset sales following a €10 billion marine unit deal, the Financial Times reports.

Freight shipping costs are surging as companies race to ship goods ahead of new Trump tariffs, the Financial Times reports.

Volkswagen's severe job cuts are raising the possibility of selling off its most valuable assets, according to the Financial Times.

Heatwave: sales of air conditioning and water packs surge, according to the president of Les Mousquetaires

A new currency in 'Rapid Support Forces' areas.. a step that deepens the financial division in Sudan

The project to produce Solaris cars from Hyundai and Kia vehicle kits at the AGR Holding plant has been completed, Vedomosti reports citing three sources familiar with the company's business.

China's push into 'future industries' has triggered a flood of venture capital, raising concerns about a potential investment bubble.

One of India's largest gold exporters paid its managing director just $180 a month, investigators say in accounting probe

Business leaders and officials are gathering in Beijing this week for the 2026 China International Supply Chain Expo, an event aimed at fostering cooperative global supply chains amid geopolitical uncertainty and economic fragmentation.

SpaceX launches a historic $20 billion bond issuance to fund large-scale AI and data center construction. The company makes a major entry into the public debt market.

The Swiss president will meet US Trade Representative Jamieson Greer for talks as the two countries aim to finalize a broader trade deal.

JP Morgan assesses India as among the top AI-ready nations and one of the world's least concentrated equity markets.

Major Chinese banks are restricting retail precious metals trading services and tightening risk controls amid risk concerns.

Some major Chinese banks are shutting down services that aid retail trading in precious metals.

ECB's Schnabel says the short-term situation now looks better than expected, but the ceasefire is no reason for monetary policymakers to let their guard down.

ECB's Schnabel says from today's perspective, interest rates will need to be raised further to bring inflation back to the two percent target over the medium term.

Sberbank will lower market mortgage rates by 0.3-0.5 percentage points from June 26 depending on the down payment size. Minimum rates will start at 15.2% for primary housing, 15.5% for secondary, and 16.9% for house construction, all without state support.

Hungary's bonds have rallied so much that yields are approaching those in the UK, the latest sign that investors are backing the new government's plans.

Jaguar Land Rover North America, LLC is recalling 250,857 U.S. vehicles, according to NHTSA as reported by Reuters.

ECB's Schnabel said the short-term situation now looks better than expected, adding that a ceasefire is no reason for monetary policymakers to let their guard down, per Reuters.

UK authorities plan to sell nearly 100,000 tons of oil from the tanker Smyrtos, seized June 14 in the English Channel and linked to Russia's 'shadow fleet,' The Telegraph reports citing officials. The oil, valued at about £35 million, could see proceeds directed to Ukraine or used to purchase military equipment for Ukrainian forces.

ECB Executive Board member Isabel Schnabel tells Die Zeit that from today's perspective the ECB will need to raise interest rates further to bring inflation back to 2%, with the extent and timing depending on how the conflict, the economy and inflation evolve.

Spain's Q1 GDP grew 0.6% quarter-on-quarter and 2.7% year-on-year, final data shows, both matching estimates and previous readings.

Spain's producer price index rose 1.0% month-over-month in May, down from a revised 2.0% prior, while the year-over-year rate accelerated to 10.5% from a revised 8.5%.

StubHub UK has been fined £900,000 for violating UK laws by failing to display the full cost of tickets upfront.

Spain's producer price index rose 10.5% year-over-year, up from a revised 8.5% in the prior reading.

Indonesia is preparing to scale back President Prabowo Subianto's flagship free meals program, with officials weighing another budget cut of more than $2 billion along with reductions in kitchens and beneficiaries.