Economy

US stocks slump as fears over Big Tech shake Wall Street

Stock markets suffered a sharp drop on Friday, with the tech-heavy Nasdaq index seeing its biggest one-day drop since April…

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Hospitality jobs boom as US prepares for World Cup

The US economy created 172,000 jobs in May as pubs, bars and restaurants ramped up hiring ahead of the World…

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Gold set for weekly decline as US-Iran peace efforts lose momentum

Gold prices fell on Friday, putting the precious metal on course for a weekly loss as uncertainty surrounding U.S.-Iran negotiations…

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Costly fuel pushes more Indians to buy electric cars but challenges remain

Are electric vehicles finally going mainstream in India? A slew of indicators suggests the transition may finally be gathering momentum.…

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SpaceX says its worth $1.75tn as it nears stock market debut

Elon Musk’s SpaceX has said it is even more valuable than anticipated as it approaches a public stock listing set…

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Shell pumped oil through Nigeria pipeline for years despite pollution evidence, documents show

British multinational Shell continued operating a major oil pipeline in Nigeria for years even though it knew it was causing…

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Finland to open world’s first nuclear waste tomb

Finland has five nuclear reactors and before 1994 it used to ship its nuclear waste to Russia, a law change…

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OECD cuts 2026 global growth forecasts over Mideast war fallout

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no…

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Resilient Saudi economy proves a draw for wartime Gulf business

When food-tech entrepreneur Sara Amini wanted to see where Gulf businesses were still spending despite the Iran war, she flew to…

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Canada formally requests 16-year renewal of North American free trade pact

Canada has formally requested a renewal of the North American free trade agreement with the US and Mexico, called the…

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