Global Chips Battle Intensifies With $81 Billion Subsidy Surge – Bloomberg
Superpowers led by the US and European Union have funneled nearly $81 billion toward cranking out the next generation of semiconductors, escalating a global showdown...
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UK no longer in recession after economy grows 0.6% in last quarter – Independent
The UK economy is officially out of recession after it grew by 0.6 per cent in the first three months of the year, according to...
UK Job Vacancy Data May Be Losing Value as Economic Indicator – Bloomberg
British economists worried about the accuracy of official labor market data have a new concern: doubts about the number of unfilled jobs. The low cost...
A premature ECB rate cut before the Fed has risks – The Financial Times
The latest signals from Christine Lagarde are that the European Central Bank might start the rate-cutting cycle earlier than the US Federal Reserve. The ECB...
Gen Z is getting hit hard by inflation – CNN
Gen Z is in the financial trenches. A new study from credit reporting agency TransUnion found those in their early 20s are earning less, have...
Euro-Zone Economy Picking Up Pace as Germany Heals, Survey Shows – Bloomberg
The euro-area economy will expand more quickly than previously thought this year as the bloc’s biggest member exits more than a year of near-stagnation, a...
AI Startups Are Making Their Home in New York. Can They Turn It Into an AI Powerhouse? – WSJ
Artificial intelligence is transforming the technology sector in New York City—into a booming one worth billions and rivaling San Francisco in innovation, investment and talent....
There’s a surprising bit of good news lurking in the stock market – CNN
Investors are grappling with a painful reality check: The Federal Reserve is unlikely to slash interest rates anytime soon. That, at least temporarily, stalled the...
Against expectations, European banks are thriving – The Economist
In 2020, when bbva and Sabadell abandoned merger discussions, it was difficult to find investors with anything positive to say about European banks. A decade...
Bank of England signals summer cut as it holds rates at 5.25% – The Financial Times
The Bank of England signalled it would cut rates this summer if inflation stays low, even as it kept borrowing costs at a 16-year high...