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A landmark trial has opened at London’s High Court accusing five major carmakers of cheating on diesel emissions tests. The companies — Mercedes, Ford, Peugeot/Citroën, Renault, and Nissan — are alleged to have installed illegal software to mask pollution levels during lab tests. Lawyers for nearly 880,000 car owners said the firms “chose to cheat…
Thousands of UPS customers are furious after their shipments were delayed or destroyed following new US customs rules introduced by the Trump administration. The change ended a long-standing exemption that allowed goods under $800 to enter the country tax-free and without inspection. Now, an estimated 4 million parcels daily must undergo full customs checks, leading…
The ongoing Russia-Ukraine war is being fought not just with guns, but with economic levers—from energy, trade, payments systems, to critical supply chains. Each side uses financial tools to gain pressure. Russia wields its energy exports as a weapon. Disrupting gas and oil supplies to Europe forces nations to juggle energy security and moral alliances….
India’s aviation watchdog has instructed Air India to inspect the emergency power system of some Boeing 787 Dreamliner jets. The order follows a recent flight incident where the system activated unexpectedly. The Directorate General of Civil Aviation (DGCA) said the issue involved the Ram Air Turbine (RAT) — a device that provides backup power during…
The Dutch government has taken control of Nexperia, a Chinese-owned semiconductor company, citing national security and governance concerns. The move marks one of Europe’s strongest interventions yet in the tech sector amid rising tensions with China. Authorities used the Goods Availability Act, a law that allows intervention in companies producing essential goods. This gives officials…
London’s financial job market showed strong momentum in the third quarter of 2025, led by the rise of fintech and AI roles. According to recruiter Morgan McKinley, job vacancies in the city’s finance sector increased by 9% year-on-year, reflecting renewed confidence after months of global uncertainty. The surge was driven mainly by demand for AI-powered…
South Korea is in talks with the United States to set up a foreign exchange (FX) swap line as part of a broader trade deal, Finance Minister Koo Yun-cheol said during a parliamentary session. The swap would help stabilize the won amid large planned U.S. investments and prevent market disruption. Earlier this year, Seoul pledged…
Tritax Big Box has struck a major deal to acquire Blackstone’s UK logistics assets for £1.04 billion. In return, Blackstone will take a 9% stake in Tritax, becoming its second-largest shareholder. This move bolsters Tritax’s reach in urban and smaller logistics spaces across the South East and Midlands of England. Analysts say the deal reflects…
The G20’s Financial Stability Board (FSB) has issued a strong warning about the rising threat of a global financial market crash. The organization said that inflated asset prices, high debt levels, and growing geopolitical tensions could lead to severe disruptions if markets correct sharply. FSB Chair Andrew Bailey noted that several global markets now appear…
TSMC, the world’s largest maker of advanced AI chips, expects its third-quarter net profit to jump 28%, reaching NT$415.4 billion ($13.55 billion). This forecast would mark its highest quarterly profit ever and the seventh straight quarter of growth. Revenue is projected to rise 30% year-on-year, powered by fierce demand from clients like NVIDIA and Apple,…
