Efforts to reach carbon neutrality by 2050 are likely to remain out of reach as copper supply fails to match demand amid growing use of solar panels, electric vehicles and other renewable technologies, data from S&P Global showed on Thursday.
A Swedish court on Thursday will deliver its verdict in the high-profile trial of a former Iranian official accused of taking part in the mass execution and torture of political prisoners in the 1980s.
TikTok's Chinese owner ByteDance is looking for its next big hit by wading deeper into the lifestyle sector of social media with Kesong, a shopping and lifestyle recommendations app similar to market leader Xiaohongshu.
China's fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of a slow recovery in June after earlier lockdown-induced disruptions.
(RTTNews) - The Malaysia stock market on Wednesday snapped the two-day winning streak in which it had gathered more than 7 points or 0.5 percent. The Kuala Lumpur Composite Index now rests just above the 1,410-point plateau and it may extend its losses on Thursday.
Berkshire Hathaway Inc, run by Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp, giving it a 19.2% stake in the oil company.
Canada has the right to impose tariffs on U.S. imports in the future to ward off the threat of the United States penalising Canadian manufacturers for alleged unfair subsidies, the World Trade Organization said on Wednesday.
British house prices rose at their slowest pace in more than a year last month as buyer demand softened slightly although the overall breadth of price increases remained well above pre-pandemic levels, a survey showed on Thursday.
(RTTNews) - The South Korea stock market on Wednesday snapped the two-day slide in which it had fallen more than 30 points or 1.3 percent. The KOSPI now rests just beneath the 2,330-point plateau although it figures to head south again on Thursday.
Four out of five large Japanese firms are passing on higher commodity costs to customers or intend to do so, a Reuters poll found, a sharp rise from the previous survey six months ago as surging input prices and a weak yen drive up import costs.
The head of Libya's National Oil Corp (NOC) on Wednesday rejected the prime minister's authority to sack him, raising the prospect of an open struggle for control of the state energy producer.
Brazil's Congress on Wednesday approved the main text of a major pre-election spending package that President Jair Bolsonaro is banking on to lift his flagging re-election hopes, despite expectations it will fan double-digit inflation and hurt Brazil's exchange rate.
What happened
On days like Wednesday, it's sometimes hard to remember that Block (NYSE: SQ) was once a high-flying darling of a fintech stock. The company's shares had a forgettable Hump Day, slipping by nearly 1.4% due to an analyst's price target cut.
Andrej Karpathy, senior director of artificial intelligence at Tesla Inc who has been on a four-month sabbatical, said on Wednesday he is leaving the company, without giving reasons for his departure.
Australian shares likely will open marginally lower on Thursday as technology stocks are expected to track Wall Street lower following the red-hot U.S. inflation reading for June while a rebound in gold and iron ore prices may offer a boost to miners.
Rogers Communications Inc has pledged to make the investments needed to avoid massive outages of the kind that crippled customer communications across Canada last week.
Chile's central bank raised its benchmark interest rate to 9.75% on Wednesday, from 9.0% previously, and said it expected more rate hikes would be necessary as it looks to rein in spiraling inflation.
What happened
Desktop Metal (NYSE: DM) was hardly the most solid stock on the market Wednesday. The company's share price fell by over 1% on the day, a worse showing than the slight decline of the S&P 500 index. A C-suite departure wasn't sitting well with investors.
It’s undoubtedly been a challenging year in the market year-to-date, with all of the major indexes in the red. Coming out of a once-in-a-lifetime pandemic has certainly landed us in an interesting economic environment.
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