The German footwear maker cited a 6 million euros hit to EMEA sales due to delayed shipments and weaker European demand. Birkenstock reported second-quarter sales below Wall Street estimates, attributing the shortfall to disruptions from the Middle East conflict and uneven
April data shows wholesale inflation accelerated to 6.3% year-on-year, driven by a 37.3% jump in petroleum product prices. German wholesale prices rose 2.0% month-on-month in April, following a 2.7% gain in March, pushing annual inflation to 6.3% from 4.1% in the prior yea
Rising fiat supply from military and AI infrastructure spending could drive Bitcoin to $126,000 this year, says analyst. Bitcoin could surge to $126,000 in 2024 as accelerating fiat money printing, driven by AI and electrification capital expenditures, devalues traditional
Nvidia, Apple, Tesla, and BlackRock CEOs join Trump’s summit trip to press Xi Jinping for market access reforms. President Trump confirmed Nvidia CEO Jensen Huang, Elon Musk, Tim Cook, and Larry Fink are traveling to China aboard Air Force One for a high-level summit. Trum
Iran’s restored missile sites heighten risks to oil tankers and US warships in the critical Strait of Hormuz, per US intelligence. US assessments indicate Iran has regained operational access to 30 of its 33 missile sites along the Strait of Hormuz, a key chokepoint for gl
Nvidia’s CEO accompanies US business leaders on a China trip as the company awaits regulatory approval for its H200 chips. Nvidia Chief Executive Jensen Huang will travel to China this week as part of President Donald Trump’s delegation, which includes over a dozen US busi
Nvidia confirms CEO Jensen Huang will attend Trump's China trip, as U.S. tightens restrictions on advanced chip sales to Beijing. Nvidia CEO Jensen Huang will accompany U.S. President Donald Trump to China this week, the company confirmed. Huang’s attendance follows an inv
82% of market participants cite Middle East conflict as the biggest threat to Canada’s economy, surpassing trade tensions and financial tightening. A Bank of Canada survey reveals geopolitical risks, particularly the Middle East war, as the dominant concern for Canada’s ec
Brent hovers near $107 amid Strait of Hormuz uncertainty The energy market remains uncertain as the Strait of Hormuz closure continues. The blockade has resulted in a significant loss of supply, with roughly 100 million barrels lost every week. The situatio
Malaysia’s industrial output rose 3.1% in March, helping the ringgit hold steady against the dollar despite geopolitical tensions. The USD/MYR exchange rate has remained between 3.90 and 4.05 since the Middle East conflict escalated, reflecting Malaysia’s resilient economi
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