Economics

Leapmotor sets sales record as BYD ends months-long decline

Chinese electric vehicle maker Leapmotor posted a record month for sales in May, while industry leader BYD halted its longest streak of declining year-on-year sales amid fierce competition in the world's largest auto market.

03 Jun 2026-04:40
SpaceX targets $75 billion in planned IPO

SpaceX plans to raise $75 billion ⁠in its initial public offering by selling 555.6 million shares at a ‌target ⁠price of $135 per share, a source familiar ⁠with the matter told Reuters.

03 Jun 2026-04:36
Crypto investors warned as Iran crisis fuels uncertainty

The latest escalation in tensions involving Iran has added a new layer of uncertainty to global financial markets, placing cryptocurrencies under intense scrutiny as investors attempt to determine whether digital assets can withstand another major geopolitical shock.

03 Jun 2026-04:24
Australia's Megaport secures four new AI infrastructure contracts, to raise $594 million

Australia's Megaport (MP1.AX), opens new tab said on Wednesday it has secured four new AI infrastructure contracts with a total contract value of about A$458.9 million ($329.49 million), and launched a fully ‌underwritten entitlement offer to raise A$827.3 million ($594 million).

03 Jun 2026-04:02
Japan's govt finalises $19 billion extra budget to subsidise surging fuel costs

Japanese Prime Minister Sanae Takaichi's government on Wednesday finalised a $19 ‌billion supplementary budget for this fiscal year to cushion the impact of rising energy costs on households ⁠amid the risk of a prolonged Middle East crisis.

03 Jun 2026-04:00
Enel eyes agreement with Brazil regulator over Sao Paulo power contract

Italy's Enel (ENEI.MI), opens new tab met with Brazil's power regulator last week, according to official minutes of the meeting, which occurred amid a spat over the firm's ‌concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent years during heavy rains.

03 Jun 2026-03:54
Microsoft says new quantum chip 1,000 times more reliable than predecessor

Microsoft says its new quantum chip is vastly more reliable than its previous version, paving the way for a quantum computer solving commercially useful problems within three years.

03 Jun 2026-03:39
China's SAIC Motor to launch first European EV factory in Spain

03 Jun 2026-01:08
Palo Alto Networks shares surge after strong Q3 earnings beat

03 Jun 2026-01:02
Essential tools for successful Forex trading

The foreign exchange market is the largest and most liquid financial market in the world, with daily trading volumes exceeding $7 trillion.

02 Jun 2026-21:26