The European Central Bank (ECB) increased its key interest rate by 0.25% to 2.25% in response to inflation pressures caused by the ongoing Iran war, which has triggered an energy price shock. The ECB also raised its inflation forecasts for 2026 to 3%, reflecting higher energy costs impacting food and goods prices, while lowering economic growth projections for 2026 and beyond. ECB President Christine Lagarde emphasized uncertainty in inflation and growth outlooks due to the war's duration and intensity. The ECB signaled it may continue tightening monetary policy cautiously, with one more rate hike possible later this year depending on economic data.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
