Latest Business News
EU moves to indefinitely freeze Russian assets to prevent vetoes
The European Union agreed to lock up Russian assets in Europe until Russia ends its war on Ukraine and pays compensation, a move designed to prevent Hungary and Slovakia from blocking asset use for Ukraine support.
U.S. Federal Reserve cuts interest rate, flags challenging outlook
The Fed reduced its policy rate and warned of a âchallenging situationâ for the economy as inflation dynamics shift and hiring slows, influencing markets worldwide.
Global markets rotate out of AI winners after Oracle results
World shares were mixed as Oracle's earnings revived concerns about an AI-driven bubble, prompting analysts to say a rotation away from high-multiple AI names is underway.
Ferrovial added to Nasdaq-100, boosting U.S. investor visibility
Spanish infrastructure group Ferrovial announced inclusion in the Nasdaq-100 Index effective prior to market open on Dec. 22, 2025, reflecting its growing U.S. presence and widening shareholder base.
AkzoNobel to merge with Axalta, forming $25 billion paint giant
AkzoNobel and Axalta consented to a merger creating an enterprise valued at roughly $25 billion; shareholders of AkzoNobel will receive a sizeable dividend as part of the deal terms.
Hyundai pledges record $85.8 billion investment in South Korea
Hyundai Motor Group unveiled plans to invest $85.8 billion over five years in South Korea targeting AI, robotics and EV development to boost exports and technological capacity.
IMF urges China to address economic imbalances amid massive trade surplus
The IMF called on China to rebalance toward domestic demand and investment after its trade surplus reached high levels, reiterating long-standing recommendations for policy shifts.
Mexico raises tariffs on imports from China and other countries
Mexicoâs Congress approved tariff increases on more than 1,400 products from China and countries without free trade agreements as part of protectionist measures to support domestic industry.
Gulf of Mexico offshore lease sale draws $279 million in bids
Companies offered $279 million for drilling rights in the Gulf of Mexico in the first regional offshore lease sale since 2023, signaling renewed interest in U.S. offshore energy development.
Philippines pilots âtransition creditsâ to accelerate coal-to-clean shift
The Philippines is testing novel âtransition creditsâ designed to incentivize firms to cut coal use, seen as an innovative carbon-market experiment to accelerate decarbonization.
Bloomberg reports Coinbase planning major product expansion
Bloomberg sources indicate Coinbase Global is preparing a big announcement â reportedly launching prediction markets and tokenized equities as part of a push to broaden its crypto offerings.
Intel in advanced talks to acquire SambaNova for about $1.6 billion â Bloomberg
Bloomberg reported Intel is in advanced discussions to buy AI systems company SambaNova for roughly $1.6 billion including debt, a deal that would bolster Intelâs AI hardware capabilities.