Interest rates of over two-decade highs in the US have impacted the broader economy. The Federal Reserve, in its fight against surging inflation, hiked rates aggressively to the highest in over 20 years.

Impact of high interest rates on the US economy

Driverless Technology startup WeRide has filed for the largest US IPO by a Chinese business since DiDi Global's disastrous listing in 2021. The firm said it will not reveal the number or price range until it starts promoting its share offer.

WeRide's US IPO becomes biggest by a Chinese firm since DiDi

Chinese investors are pouring money into two new Exchange-Traded Funds (ETFs) that track Saudi Arabian shares. This is driven by the demand surge for international assets due to the terrible performance of domestic stocks.

'Game-changer' Saudi: Strong market debut for Saudi ETFs in China

IPOs in India continue to flourish. In the latest, Indian e-scooter maker Ola Electric has announced plans to raise $734 million. This marks the country's biggest IPO this year.

Ola Electric's $734 million IPO plan marks the biggest Indian IPO this year

US home insurers suffered their worst underwriting loss this century in 2023, hit by a toxic brew of natural disasters, high inflation, and rising populations in high-risk areas, putting pressure on financial markets.

US home insurers grapple with record losses amid rising natural disasters and inflation

Former President Donald Trump and Republican presidential nominee—is touting a new campaign promise: an American strategic bitcoin reserve should he be elected again.

Trump unveils strategic bitcoin stockpile pledge as campaign promise

Federal Reserve officials are primed to start trimming borrowing costs in the coming months, with Chairman Jerome Powell potentially hinting at it the following week.

US Fed poised for potential rate cut as economic indicators signal balance

Apple has tentatively agreed to its first collective bargaining contract with the first unionised company store in the United States, marking a major development in the tech giant's labour relations.

Apple and union workers forge path-breaking collective bargaining agreement

According to NBCUniversal, which is a subsidiary of Comcast, preliminary data released on Saturday showed the opening ceremony of the Paris Olympics pulled in 28.

Paris Olympics opening ceremony captivates US audience with record viewership

Outgoing Swiss National Bank President Thomas Jordan, who has been leading the institution for 12 years, wears a reputation for stability and doesn’t have a problem if his tenure is viewed as dull in some quarters, given that he simply did what was right for Switzerland.

Thomas Jordan reflects on his tenure at Swiss National Bank as his departure nears

A preliminary $80 million settlement reached by six major banks in New York , including Bank of America and Citigroup Inc., would resolve the antitrust litigation accusing them of conspiring to rig European government bond prices .

6 major banks settle for $80 million in European bond-rigging allegations

Former Starbucks CEO Howard Schultz is lining up against a potential settlement between the coffee giant and activist investor Elliott Investment Management, the Financial Times reported.

Starbucks faces internal conflict as Howard Schultz opposes Elliott settlement

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Zee News Rajasthan

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