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A Dubai-based startup founded by a Russian and a Ukrainian raised $250 million to develop smart contact lenses that provide night vision, zoom capabilities and real-time health checks.

Global banks channeled more than $385 billion to the coal power industry over the past three years, with annual flows increasing last year from 2023, according to analysis by a group of nonprofits.

European Commission President Ursula von der Leyen accused China of distorting trade and limiting access for European firms two weeks ahead of a summit between the economic powers.

The European Union is seeking to conclude a preliminary trade deal with the US this week that would allow it to lock in a 10% tariff rate beyond an Aug. 1 deadline as they negotiate a permanent agreement.

UniCredit SpA, the Italian lender that hopes to acquire Commerzbank AG, increased its equity stake in the German firm and became its largest shareholder after converting derivatives into stock.

President Donald Trump unveiled the first in a wave of promised letters that threaten to impose higher tariffs rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1.

Nonfungible tokens, once a burgeoning scene for crypto traders and enthusiasts, seem to have lost much of their allure as trading volumes in the once-hot sector have now declined for the fifth straight quarter.

Die Zahl der Firmeninsolvenzen in Salzburg ist im ersten Halbjahr um rund 16 Prozent gestiegen. Das zeigt die aktuelle Statistik des Alpenländischen Kreditorenverbands (AKV). Besonders betroffen waren Unternehmen, die im Handel tätig sind.

Der Rat der für Wirtschaft und Finanzen zuständigen EU-Ministerinnen und -Minister hat am Dienstag grünes Licht für die Einleitung eines Defizitverfahrens gegen Österreich gegeben. Finanzminister Markus Marterbauer (SPÖ) betonte, die Regierung habe wichtige Maßnahmen für die Budgetkonsolidierung bereits auf den Weg gebracht.

Europe’s fleet of coal and gas plants could come to the rescue as wind power generation is set to slump this summer, driving up both electricity prices and emissions.

The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to researchers from the Federal Reserve Banks of New York and San Francisco, who included New York Fed President John Williams.

Major US trading partners scrambled over the weekend to finalize trade deals or lobby for extra time as President Donald Trump said he’s notifying about a dozen countries on Monday of the new tariff level on their shipments to the US.

President Donald Trump derided Elon Musk’s announcement that the Tesla and SpaceX chief executive officer is starting a new political party, saying the US has “always been a two-party system.”

President Donald Trump said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS,” injecting further uncertainty into global trade as the US continues to negotiate levies with many trading partners.

The latest oil supply shockwave unleashed by OPEC+ is set to swell a surplus later this year, pressuring prices for producers the world over while answering US President Donald Trump’s calls for lower fuel costs.

French Finance Minister Eric Lombard said Europe must shore up its tariff barriers to counter Chinese imports that risk harming the continent’s industrial economy.

Germany is considering purchasing up to 2,500 armored fighting vehicles and as many as 1,000 battle tanks as part of a joint European effort to create new NATO brigades to deter Russia, according to people familiar with the matter.

US President Donald Trump said his administration will probably start notifying trading partners Friday of the new US tariff on their exports effective Aug. 1, while reiterating a preference for simplicity over complicated negotiations five days before his deadline for deals.

US President Donald Trump said that his administration may begin sending out letters to trading partners as soon as Friday setting unilateral tariff rates ahead of a July 9 deadline for negotiations.

China is planning to offer cash handouts to families as an incentive for couples to have children, according to people familiar with the matter, as years of population decline threaten the world’s No. 2 economy.

Asian equities were set to climb Friday following fresh highs for US stocks as strong jobs data eased concerns the economy slowing down.

After days of negotiations and last-minute dealmaking, the US Congress passed a multitrillion-dollar tax and spending bill securing President Donald Trump’s domestic policy agenda.

Economists surveyed by The Wall Street Journal forecast that 110,000 new payrolls were added in June. That would be the fewest since February.

German automaker Mercedes-Benz Group AG, French luxury giant LVMH Moët Hennessy Louis Vuitton SE and other major European firms are spearheading a corporate push that’s weakening the European Union’s efforts to stand up to Donald Trump’s tariff threats.

As President Donald Trump and his advisers begin weighing replacements for Federal Reserve Chair Jerome Powell, they’re running into one significant complication: It’s not clear that Powell will leave the US central bank next year.

US airstrikes on Iran set back the country’s nuclear program by one to two years, a Pentagon spokesman said, adding to uncertainty around the status of the country’s facilities after President Donald Trump said they’d been obliterated.

Das US-Repräsentantenhaus hat das von Präsident Donald Trump geforderte Steuer- und Ausgabengesetz verabschiedet. Die Abgeordneten stimmten am Donnerstag mit 218 zu 214 Stimmen für das umstrittene Paket. Der Senat hatte bereits zuvor grünes Licht gegeben. Nach der im Kongress genommenen Hürde kann Trump das Gesetz wie von ihm angestrebt zum Nationalfeiertag am 4. Juli per Unterschrift in Kraft setzen.

The Trump administration is halting the transfer of artillery rounds and air defenses to Ukraine, depriving the country of much-needed weapons as it endures stepped-up missile and drone attacks from Russia.