Business
Porsche to end production of flagship electric car
Porsche plans to end Taycan production by 2030, as sales decline. Launched in 2019, the electric model falls from nearly 41,000 sales in 2023 to 16,000 in 2024, and 6,000 in the first half of 2026. Porsche faces major industry challenges.
A DAY AGO
US stocks mostly up after data shows slightly lower inflation in July
Analysts say the report likely gives the US Federal Reserve more latitude to hold off on imminent interest rate increases despite persistent inflation above Fed targets
2 DAYS AGO
World youth unemployment rate rose last year: UN
The International Labour Organization says the global youth unemployment rate rose from 12.3% in 2024 to 12.4% last year -- equivalent to 67 million unemployed people aged 15 to 24.
3 DAYS AGO
Global stocks mixed while oil prices jump on Hormuz
The back-and-forth sends oil prices about 5% higher, weighing on US equities but not prompting major selling. The broad-based S&P 500 finished down 0.1%.
4 DAYS AGO
China's exports and imports surge in July
Exports climb 23.9% year-on-year last month; imports increase 27.5%, though that was down from the 36% surge seen in June, the General Administration of Customs (GAC) reported.
August 7, 2026
Tech back in fashion as Asian markets extend rebound
Asian equities climbed again Wednesday, tracking another record on Wall Street, as tech firms enjoyed a recent revival after a month-long rout and with confidence boosted by the Trump administration touting an imminent deal to reopen the Strait of Hormuz.
August 5, 2026
Oil giants warn next energy crunch will be refined fuels, not crude
For much of this year, markets have remained focused on crude oil prices as conflicts in the Middle East and Ukraine threatened global supplies.
August 4, 2026
Pakistan powers VEON’s strongest quarter, says CEO Kaan Terzioğlu
VEON CEO says Pakistan outpaced all other VEON markets in total revenue growth, reinforcing JazzWorld’s position as the group’s largest operating company.
August 2, 2026
Baltics transform from Soviet stagnation to startup hubs
Decades after emerging from Soviet rule, the Baltic states have built a thriving technology ecosystem fueled by digital innovation, entrepreneurship and a new generation of founders.
August 2, 2026