Economy

Saks Global's collapse reveals the structural crisis facing department stores worldwide. Even luxury positioning couldn't prevent the inevitable.

Daren Li, a dual citizen of China and St. Kitts and Nevis, was sentenced in absentia to 20 years for orchestrating a $73 million cryptocurrency scam from Cambodia-based compounds using romance and tech support fraud tactics.

Alibaba's new RynnBrain AI model teaches robots to see and sort fruit. Behind this simple demo lies a trillion-dollar battle reshaping the future of work and global tech dominance.

World's largest EV maker BYD to begin local assembly in Pakistan, challenging decades of Japanese dominance. What this means for global auto competition and emerging markets.

Vietnam's VinFast targets 300,000 EV sales and break-even by 2026, a 50% jump from current levels. But can the loss-making carmaker deliver on these bold promises in Asia's competitive EV market?

AstraZeneca forecasts steady 2026 growth driven by surging cancer drug demand. We analyze the investment implications and what this means for healthcare costs.

Barclays raises profit targets after successful AI implementation reduces costs and improves efficiency across operations, signaling broader banking transformation.

Despite Bitcoin's 10% plunge to $60,000, derivatives markets suggest the crypto hasn't hit a true bottom yet, with futures still trading at premiums unlike 2022's bear market low

U.S. markets hit back-to-back gains while Japan's Nikkei surged 2%. But beneath the surface, Big Tech capex concerns and geopolitical tensions create a complex investment landscape that demands attention.

Cisco unveils new AI networking chip to challenge Broadcom and Nvidia dominance. What this means for the AI infrastructure race and your investment portfolio.

LMAX unveils Omnia Exchange, allowing institutions to trade crypto, FX, and stablecoins seamlessly 24/7. The walls between traditional and digital markets are crumbling.

Chinese state miner Zijin Mining unveils ambitious plans to join world's top three gold and copper producers through overseas acquisitions, despite mounting geopolitical risks and talent shortages.