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Business news
Trump may bypass US courts to continue tariff agenda, says ING
May 30, 2025 12:53 AM AEST| By InvezzA US court determined that US President Donald Trump overstepped his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to enact tariffs. This ruling directly impacts the 10-30% tariffs levied on goods from China, Canada,...
UK’s LCM plans to invest $124M in French rare earth processing facility
May 29, 2025 11:40 PM AEST| By InvezzBritain’s Less Common Metals (LCM) intends to establish a new plant in France, Reuters reported on Thursday. This initiative involves a collaboration with a French recycling company, according to LCM’s majority owner and chairman. This mo...
Why Nvidia is facing scrutiny despite strong earnings as stock jumps 5%
May 29, 2025 10:53 PM AEST| By InvezzNvidia shares surged in premarket trading Thursday after the chipmaker posted robust quarterly results that exceeded Wall Street expectations. However, the celebration was tempered by renewed criticism from US lawmakers concerned over Nvidia’s planne...
Hailey Bieber’s $1B Rhode deal: decoding the dazzle of celebrity-led beauty brands
May 29, 2025 09:48 PM AEST| By InvezzHailey Bieber’s beauty brand Rhode has been acquired by Elf Beauty for $1 billion, pending regulatory approvals, in one of the biggest celebrity beauty transactions to date. The deal, announced on Wednesday, marks a defining moment for celebrity-led...
The Big Picture’s June Conversations Go Deep On Homeownership Access, Growth And Market Risk
May 29, 2025 09:00 PM AEST| By Send2PressCLEVELAND, Ohio, May 29, 2025 (SEND2PRESS NEWSWIRE) -- Top mortgage industry webcast The Big Picture, broadcast live every Thursday at 3 p.m. ET, has unveiled its June guest lineup featuring four stan...
India’s e-rupee circulation jumps as RBI eyes cross-border adoption
May 29, 2025 07:36 PM AEST| By InvezzThe Reserve Bank of India (RBI) is taking new steps to expand the utility of the digital rupee by introducing cross-border use cases in the next phase of its central bank digital currency (CBDC) development. The central bank announced its intention t...
Summer demand could support OPEC+ output increases, say analysts
May 29, 2025 04:46 PM AEST| By InvezzAnticipation is building in the oil market as the OPEC+ meeting approaches, with a production decision expected over the weekend. The eight cartel members who previously implemented voluntary production cuts are now contemplating a substantial...
Trump admin halts student visa interviews, plans digital background checks
May 29, 2025 02:38 AM AEST| By InvezzOn May 27, 2025, the Trump administration announced a policy shift by pausing the scheduling of new student visa interviews for international applicants seeking to study in the United States. This decision, directed by Secretary of State Marco Rubio,...
US hotels hit by decline in foreign bookings, but domestic travel cushions blow
May 29, 2025 01:47 AM AEST| By InvezzThe United States saw a steep decline in inbound international hotel bookings in April 2025, with the biggest drop coming from Canada, its largest tourism source market, according to hotel reservations platform HotelPlanner. However, the platform sug...
Chile’s SQM misses profit estimates, warns of lower lithium prices
May 29, 2025 01:01 AM AEST| By InvezzChile’s SQM, the world’s second-largest lithium producer, released first-quarter earnings that missed analyst forecasts on Wednesday. SQM posted a $137.5 million net profit, or 48 cents a share, falling short of the consensus estimate of...
German court dismisses Peruvian farmer’s climate case against RWE; sparks legal debate
May 29, 2025 12:55 AM AEST| By InvezzA Peruvian farmer’s lawsuit against German utility RWE, seeking damages for alleged climate change risks to his home, was dismissed by a German court on Wednesday. The court determined that the estimated damage risk was insufficient to pr...
Russian central bank defends policy stance as oil volatility poses challenges
May 29, 2025 12:26 AM AEST| By InvezzCiting low oil prices as a major risk, Russia’s central bank defended its strict monetary policy in a Wednesday report, arguing that high interest rates had reduced lending and fostered disinflation despite this economic challenge. Faced with p...
UK grocery inflation hits 4.1% as wage hikes and tax changes push up prices
May 28, 2025 10:25 PM AEST| By InvezzBritish grocery inflation climbed to 4.1% in the four weeks to 18 May, the highest level in over a year, according to new figures from market researcher Kantar. The uptick reflects increased labour costs for supermarkets, following April’s national m...
How copper market remains vulnerable to supply chain concentration
May 28, 2025 09:19 PM AEST| By InvezzDespite government’s attempts at diversification, the trend of increasing market concentration has persisted over the last year. The processing sector demonstrates this trend significantly, with China leading production for 19 of the 20 minerals anal...
Poland’s June 1 election hangs in the balance: what’s at stake
May 28, 2025 09:15 PM AEST| By InvezzPoland elections are set to conclude this Sunday in a presidential runoff that’s too close to call. Pro-EU centrist Rafał Trzaskowski and right-wing nationalist Karol Nawrocki are locked in a statistical tie, with undecided voters expected to tip the...
Peanut The Squirrel: Maga’s Cutest Martyr Immortalized In Statue In Nyc Art Exhibit
May 28, 2025 09:05 PM AEST| By Send2PressNEW YORK, N.Y., May 28, 2025 (SEND2PRESS NEWSWIRE) -- A movement's beloved squirrel is being unveiled as a heroic MAGA icon in New York's Chelsea gallery district. In "Opposing Visions: The Trump Era...
Gold regains ground after recent dip, but bullish momentum remains weak
May 28, 2025 07:17 PM AEST| By InvezzDespite mixed signals, gold saw some buyers emerge on Wednesday, partially recovering from the significant losses of the previous day. However, strong bullish momentum remains absent, according to experts. “The uncertainty surrounding US President Do...
Thames Water hit with record £123m fine by Ofwat for pollution and dividend payouts
May 28, 2025 05:59 PM AEST| By InvezzThe national water regulator Ofwat has imposed a record £122.7 million penalty on Thames Water following two separate investigations into the company’s operations and dividend practices. The fine, which is the largest ever issued by the regulat...
Australia clears Woodside’s North West Shelf LNG plant to operate through 2070
May 28, 2025 03:33 PM AEST| By InvezzAustralia has granted approval to Woodside Energy’s proposal to extend the operational lifespan of its North West Shelf gas plant until the year 2070. This decision comes after an extensive six-year review process that was marked by consi...
Citgo auction deadline extended until June 2 as legal uncertainty clouds bidding landscape
May 28, 2025 03:02 AM AEST| By InvezzA US federal judge has delayed the deadline for bidding on shares in Citgo Petroleum, a former subsidiary of Venezuela’s state-owned oil business, by almost two weeks. According to a court filing made Tuesday, the new cut-off date for competing...
