H&M, the Swedish clothing multinational, reported that its pre-tax profits dropped almost 90% in the period from June to August. It blamed the drop in profits on a slowdown in…

Google is planning to move into the broadband space, offering much faster broadband service in the areas where it operates fiber networks, with speeds offered reaching up to 100Gbps. Currently…

German inflation was on the rise in September, coming in at 10.9%, up from 8.8% in August, according to the latest data released from the Federal Statistical Office (Destatis). The…

In the three months ending in June the US economy contracted for a second consecutive quarter, according to the final estimate of the Bureau of Economic Analysis, released Thursday. These…

US stocks experienced a broad sell-off in Thursday, with Apple leading the slide, as recession fears returned, and Wall Street wiped out the gains from a brief rally the previous…

Two US regulators announced on Tuesday that financial institutions, including Goldman Sachs, Bank of America, and Morgan Stanley, were hit with $1.8 billion in penalties over incidences of their staff…

As the global economy hurtles to a recession, experts are noting India is unusually well positioned to avoid being plunged into similar economic straits, due to the nations’ decoupling from…

Germany’s food producers are warning that rising energy prices may soon force them to shut their doors. The German Frozen Food Institute and the Association of German Cold Storage and…

UK banks have begun withdrawing mortgage products due to rapidly rising interest rates, and that has triggered a steady decline in home sales. According to data compiled by Moneyfacts Group,…

US stocks rallied Wednesday and Treasury yields retreated as investors were buoyed by a surprise decision by the Bank of England. The S&P 500 rose nearly 2% as the Dow…