French cosmetics manufacturer L'Occitane International SA stated that the sale of the business to billionaire Reinold Geiger has received approval from the majority of its shareholders. In June, Geiger—who now owns over 72% of the business—made a bid to purchase the company's outstanding shares....

The largest bank in Germany, Deutsche Bank AG, reported a net loss of €143 million in the second quarter as a result of expenses for possible legal fees pertaining to the 2010 acquisition of Postbank. According to CNBC, Deutsche Bank reported a loss for the first time in fifteen quarters. The...

The first applications for spot ETFs—which are comparable to exchange-traded mutual funds—have been registered with the U.S. Securities and Exchange Commission (SEC) using the Ethereum cryptocurrency. Funds from BlackRock, Bitwise Asset Management, Franklin Templeton, Invesco, Fidelity Investments,...

In an attempt to spur development in the second-largest economy in the world, China shocked markets on Monday by cutting both its benchmark lending rates and a crucial short-term policy rate.   The reductions follow China's release of second-quarter GDP data that was lower than anticipated...

According to MarketWatch, UBS analysts upgraded their prediction for the S&P 500 American stock index at the end of the year from 5500 points to 5900 points. They predict that by mid-year, the indicator will have increased to 6200 points from the prior predicted 5600 points. Experts feel that the...

Ursula von der Leyen, the President of the European Commission (EC), has been granted a second five-year term by members of the European Parliament (EP). Von der Leyen received 401 votes in favor during a secret ballot, 284 votes against, and 15 abstentions. There were seven blank votes. Out of...

In its worst day since 2020, Wall Street's semiconductor index saw a loss of almost $500 billion in stock market value on Wednesday. The decline was attributed to a report indicating that the US was considering stricter restrictions on the sale of sophisticated semiconductor technology to China....

As traders increased their bets on the U.S. Federal Reserve beginning a cycle of interest rate cuts, gold prices firmed on Thursday, staying close to a record peak set the previous session. This restrained advances in the dollar and Treasury rates.   Averaging $2,464.13 an ounce as of 1006...

The building of the European gauge railway line Rail Baltica in Latvia, Estonia, and Lithuania has been given funds totaling €1.2 billion until 2027 by the European Executive Agency for Climate, Environment, and Infrastructure (CINEA), the Latvian Ministry of Transport informed BNS. The...