Industry

ECB Anticipates Holding Rates Amid Potential Trump Tariff Threats

Frankfurt: The European Central Bank looks set to keep interest rates unchanged on Thursday, while the prospect of higher US tariffs, threatened by US President Donald Trump, remains uncertain. A pause in rate adjustments would conclude a series of cu…

Nestle Struggles Amid Weak China Market

Zurich: Nestle said Tuesday its net profit fell in the first half of the year as the Swiss food giant behind Nespresso coffee capsules and KitKat chocolate bars struggles to turn around its fortunes amid sluggish consumer spending in China.

Accordin…

Eurozone Business Activity Growth Hits 11-Month High in July

Brussels: Business activity in the eurozone increased for a seventh consecutive month in July, with the pace of expansion hitting an 11-month high, a closely watched survey showed on Thursday. The HCOB Flash Eurozone purchasing managers’ index (PMI) p…

Google-Parent Alphabet Earnings Shine With Help Of AI

Dhaka: Alphabet on Wednesday reported quarterly profits that topped expectations, saying artificial intelligence has boosted every part of its business. Alphabet’s second-quarter profit of $28.2 billion — on $96.4 billion in revenue — came with word…