Category: business
-
Russia Says Emerging Market Gold Buying Fueled by G7 Push to Tap Moscow’s Frozen Assets
MOSCOW, Nov 27, 2025 – Russia’s central bank said on Thursday that a surge in global gold purchases—especially among emerging market central banks—is being fueled by the Group of Seven (G7) countries’ move to potentially seize or leverage Russia’s frozen sovereign assets. Gold prices have been on an extraordinary tear in 2025, rising 59% year-to-date,
-
China Urges Humanoid Robot Companies to Avoid Repetitive Products and Focus on R&D
BEIJING, November 27, 2025 – China’s top economic planner has urged humanoid robot manufacturers to prevent the market from being flooded with repetitive products, which could stifle innovation and hinder research and development in the industry. The warning came amid rapid growth in China’s humanoid robotics sector, which now features over 150 companies. Government Guidance
-
UK Fiscal Watchdog Head Offers to Resign Following Early Budget Leak
LONDON, November 27, 2025 – The head of Britain’s fiscal watchdog, Office for Budget Responsibility (OBR) Chair Richard Hughes, said on Thursday that he would resign if Chancellor of the Exchequer Rachel Reeves and Parliament lose confidence in him following the early publication of the government’s budget report. The incident, which briefly moved markets, has
-
Intesa CEO Carlo Messina Warns Italy Against Excessive Bank Taxes, Highlights Role in Public Debt
MILAN, November 27, 2025 – Intesa Sanpaolo CEO Carlo Messina has urged the Italian government to avoid imposing excessive taxes on banks, emphasizing the critical role financial institutions play in supporting the country’s public debt. Speaking to Il Sole 24 Ore, Messina highlighted that banks and insurers are key players in funding Italy’s economic and
-
Japan Government Panel Urges Sustainable Fiscal Policy Amid Economic Challenges
TOKYO, November 27, 2025 – Japan must take decisive steps to maintain market trust in its finances while implementing measures to boost economic growth, according to private-sector members of a key government panel. The recommendation comes as Japan faces economic contraction in the third quarter and elevated inflation of around 3%, driven primarily by rising
-
ECB’s Kazaks Says “Time Is Not Ripe” for Interest Rate Cuts Amid Eurozone Inflation Concerns
FRANKFURT, November 27, 2025 – European Central Bank (ECB) policymaker Martins Kazaks stated on Thursday that it is too early to discuss another interest rate cut for the eurozone. Despite projections for slightly lower inflation and moderate economic growth, underlying price pressures remain elevated, suggesting the ECB should maintain its current policy stance. Background: ECB
-
Taiwan Discusses U.S. Arms Purchases as Part of $40 Billion Defence Budget Expansion
TAIPEI, November 27, 2025 – Taiwan has initiated preliminary talks with the United States regarding arms purchases as part of a $40 billion supplementary defence budget covering 2026-2033, Defence Minister Wellington Koo confirmed on Thursday. The budget, announced by President Lai Ching-te earlier this week, underscores Taiwan’s commitment to strengthening its defence capabilities amid rising
-
Anta Sports and Li Ning Explore Potential Bid for Struggling Puma
HONG KONG / LONDON, November 27, 2025 – Chinese sportswear giants Anta Sports Products (2020.HK) and Li Ning (2331.HK) are reportedly exploring a potential takeover of Puma (PUMG.DE), the German sportswear brand facing declining sales and market value, according to sources familiar with the matter. Both Hong Kong-listed firms are evaluating the possibility of a
-
Small U.S. Retailers Struggle with Holiday Supply Chaos Amid Trump-Era Tariffs
NEW YORK, November 26, 2025 – Small U.S. retailers are facing unprecedented holiday supply chain disruptions as lingering effects of former President Donald Trump’s tariffs on Chinese goods continue to strain inventory and production timelines. For brands like Loftie, a New York-based sleep wellness company, the end-of-year rush has turned chaotic, threatening sales during the
-
Debenhams to Implement Controversial Executive Pay Plan Amid Frasers Group Stand-Off
LONDON, November 27, 2025 – British online fashion retailer Debenhams Group (DEBS.L) announced that it will proceed with a new executive pay scheme worth up to £222 million ($294 million) without seeking shareholder approval. This decision comes amid a prolonged stand-off with top shareholder Frasers Group (FRAS.L), majority-owned by British retail tycoon Mike Ashley. The
Hi, this is a comment. To get started with moderating, editing, and deleting comments, please visit the Comments screen in…