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Business news
Poorest nations face $22bn China debt bill in 2025, risking cuts to vital services
May 27, 2025 05:05 PM AEST| By InvezzThe world’s most vulnerable economies are facing a mounting financial crisis, with debt repayments to China reaching record highs in 2025, according to new research by the Lowy Institute. The Australian thinktank’s report warns that 75 of the p...
Oil prices under pressure as OPEC+ mulls further supply boost
May 27, 2025 04:03 PM AEST| By InvezzThe next setback in oil prices is looming as the Organization of the Petroleum Exporting Countries and allies meet later this week to discuss output levels for July. The eight OPEC+ countries, including Saudi Arabia and Russia, with voluntary p...
Key events this week: JD Vance at Bitcoin Vegas, $ZRO’s launch, FTX payouts
May 26, 2025 11:06 PM AEST| By InvezzThe financial space looks to finalize May with notable volatility. Bitcoin is trading at $109,000 after tariff threats from the US curtailed its recent surge to fresh all-time highs. This article highlights key events that could influence crypto mark...
What if a weak US dollar was the plan all along?
May 26, 2025 07:11 PM AEST| By InvezzThe US dollar continues its decline and it’s now at its lowest level since 2023. Most headlines call it a warning sign. Another casualty of trade wars, deficits, and political chaos. But what if that’s only part of the story? What if the weak d...
“No chance” iPhones can be made in the US, analysts say — options Apple could explore instead to tackle tariffs
May 24, 2025 06:00 PM AEST| By InvezzApple is staring down a major supply chain and pricing dilemma after President Donald Trump on Friday threatened to impose a 25% tariff on all iPhones sold in the United States unless the tech giant begins manufacturing the devices domestically. Trum...
Argentina set to expand beef offal exports to China amid shifting trade dynamics
May 23, 2025 11:41 PM AEST| By InvezzArgentina is close to finalising a contract to sell cattle offal products to China, according to sources involved in the negotiations. The accord, which is still undergoing technical revisions, is a key step towards strengthening the two countries...
Ivanhoe Mines Responds to Inaccuracies Made in a Press Release by Zijin Mining About Kamoa-Kakula's Operations
May 23, 2025 11:19 PM AEST| By News File CorpIvanhoe Mines to provide a detailed update on Kamoa-Kakula operations by Tuesday, May 27, 2025Kolwezi, Democratic Republic of the Congo--(Newsfile Corp. - May 2...
How Octopus Energy is betting on AI to drive global expansion via Kraken platform
May 23, 2025 08:23 PM AEST| By InvezzIn just a decade, Octopus Energy has evolved from a London startup into a global force in the clean energy sector. The company, which started with a handful of tech-savvy founders, now boasts thousands of employees and a valuation nearing $10 billion...
Energy price cap to cut bills by 7% from July, but households still under strain
May 23, 2025 05:57 PM AEST| By InvezzEnergy bills across the United Kingdom will drop by 7% from July 1, following a decline in wholesale gas prices, according to new figures from the energy regulator Ofgem. The cut to the price cap, announced on Friday, will lower annual bills for a ty...
Oil prices drop, heading for weekly loss as OPEC+ weighs another supply increase
May 23, 2025 05:19 PM AEST| By InvezzCrude oil prices were poised for their first weekly decline in three weeks as the Organization of the Petroleum Exporting Countries and its allies (OPEC+) deliberated another substantial increase in production quotas. This potential surge in supply c...
Argentina’s Milei looks to hidden dollar holdings to fuel economic rebound
May 23, 2025 03:23 AM AEST| By InvezzArgentine President Javier Milei is expected to sign a decree on Thursday that could free up billions of cash hoarded by individuals concerned about the country’s lengthy history of economic volatility. According to presidential spokesperson Ma...
Canada’s TD Bank to cut 2% of workforce amid strategic overhaul
May 23, 2025 01:19 AM AEST| By InvezzToronto-Dominion Bank (TD), Canada’s second-largest lender and a major player in the US banking sector, announced on Thursday it will cut approximately 2% of its global workforce as part of a broad restructuring initiative following a record US...
US solar stocks sink as Trump tax bill threatens green energy lifelines
May 22, 2025 11:42 PM AEST| By InvezzShares of major US solar companies tumbled sharply on Thursday after the House of Representatives passed President Donald Trump’s tax and spending bill, a sweeping measure that aims to dismantle key pillars of the Biden-era Inflation Reduction Act an...
Trump tax bill passes House by razor-thin margin, heads to Senate for major overhaul
May 22, 2025 10:35 PM AEST| By InvezzPresident Donald Trump’s flagship tax legislation scraped through the House of Representatives on Thursday in a narrow 215-214 vote, setting up a contentious debate in the Senate where key Republican lawmakers are already pushing for significant revi...
Oil holds recent losses as US stockpile build, market selloff weigh
May 22, 2025 06:07 PM AEST| By InvezzCrude oil prices found a tentative footing on Thursday, attempting to stabilize after a period of decline. The downward pressure stemmed from a concerning build in US stockpiles, which amplified existing worries about an oversupplied market, compound...
‘Not in a sweet spot’: JPMorgan’s Dimon sounds alarm on US stagflation, backs Fed’s rate hold
May 22, 2025 04:35 PM AEST| By InvezzJPMorgan Chase & Co. CEO Jamie Dimon has voiced significant concerns about the US economy, stating he cannot dismiss the possibility of stagflation as the nation grapples with formidable risks stemming from geopolitical instability, persistent bu...
OpenAI acquires Jony Ive’s AI startup io in landmark $6.5B deal: should Apple be concerned?
May 22, 2025 03:40 PM AEST| By InvezzOpenAI will acquire io, the secretive artificial intelligence hardware startup co-founded by former Apple design chief Jony Ive, in a landmark all-stock transaction valued at nearly $6.5 billion. The move is OpenAI’s most significant acquisition to d...
Mexico’s auto exports to US to face 15% tariff instead of expected 25%
May 22, 2025 01:24 AM AEST| By InvezzVehicles made in Mexico and sent to the US will pay a 15% tax rather than the original 25% previously expected, Mexico’s Economy Minister Marcelo Ebrard confirmed Tuesday. According to Reuters, citing Ebrard, the competing tariff rates vary onl...
Google’s smart glasses bet with Warby Parker could also benefit this other eyewear maker
May 21, 2025 11:29 PM AEST| By InvezzGoogle’s renewed push into the smart glasses market through new partnerships with Warby Parker and luxury fashion group Kering will also benefit EssilorLuxottica- the company behind Ray-Ban smart glasses made with Meta- and accelerate the broad...
M&S cyber attack: share price falls as retailer says hack to cost £300 mn; should you buy the dip?
May 21, 2025 07:29 PM AEST| By InvezzMarks & Spencer Group Plc has warned that a cyberattack which disrupted its systems for more than three weeks will lead to a £300 million hit to its operating profit this fiscal year. The British retailer, which had recently been delivering on a...
