The FTSE 100 index rose by 34 points to 10,374, driven mainly by gains in mining stocks due to rising copper prices and steady gold. However, British American Tobacco (BAT) and defence firm Chemring reported disappointing updates, with BAT guiding towards the lower end of its profit outlook and Chemring showing a dip in first-half profits despite a strong order book. The market also reacted to geopolitical news easing oil prices and strong AI sector performance globally, with tech stocks leading gains in Europe and the US. Investors are watching ongoing Middle East tensions and their impact on oil prices, alongside corporate earnings and AI developments.
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...
