World
Fund manager owns just one Mag 7 stock after dumping Meta stake: ‘You have to pick the stock you really believe in’
Nvidia is in — and Meta is out. That’s according to Stephen Yiu, co-founder and lead fund manager of London’s Blue Whale Growth Fund. The fund held 29 stocks as of the end of March this year, with top holdings including Apollo , Nvidia, Broadcom and TSMC , and more than a third of its […]
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China insists no tariff talks underway with Trump and Xi or top aides, despite U.S. claims
U.S. President Donald Trump answers reporters’ questions after exiting Marine One at the White House in Washington, D.C., on April 27, 2025. Ken Cedeno | Reuters China on Monday once again denied that it is in talks to resolve its tariff war with the U.S., after a series of statements by President Donald Trump and […]
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Empty shelves, trucking layoffs lead to a summer recession in Apollo’s shocking trade fight timeline
The Washington Post | The Washington Post | Getty Images The economic impact of the tariffs imposed by the Trump administration will soon become apparent to everyday Americans and lead to a recession this summer, according to Apollo Global Management. Torsten Slok, chief economist at Apollo, laid out a timeline in a presentation for clients […]
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S&P 500 likely to face stiff resistance ahead, especially around this level
Although the S & P 500 is coming off strong gains in the previous week, several technical analysts are warning that the market isn’t yet in the clear. As of midday Monday, the S & P 500 was down about 0.7%, trading above the 5,480 level. The broad market index advanced 4.6% last week on […]
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Large areas of Spain and Portugal hit by massive power blackout
Spain and Portugal were hit by a widespread power blackout on Monday that paralysed public transport, caused large traffic jams and delayed airline flights, and utility operators were scrambling to restore the grid. Authorities were unable to explain the cause of the outage at least an hour after it occurred, though a possible cyber attack […]
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Treasury Secretary Bessent says it’s up to China to de-escalate trade tensions
Treasury Secretary Scott Bessent on Monday put the responsibility for reaching a trade agreement on China. “I believe that it’s up to China to de-escalate, because they sell five times more to us than we sell to them, and so these 120%, 145% tariffs are unsustainable,” Bessent said during an interview on CNBC’s “Squawk Box.” […]
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Agriculture isn’t nearing trade war tariffs crisis, ‘it is full blown crisis already’ farmers say
A crane unloads peas imported from Canada at the Laizhou port area of Yantai Port in Yantai, China, on February 28, 2025. Nurphoto | Nurphoto | Getty Images The clock is ticking on trade deals that the U.S. will need to strike with many nations, most notably China, to avoid what Trump’s Treasury Secretary has […]
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Deliveroo shares soar to three-year high after U.S. giant DoorDash makes takeover bid
Shares of British food delivery firm Deliveroo jumped to their highest level in more than three years on Monday, after the company confirmed it had received a $3.6 billion takeover offer from U.S. firm DoorDash. Deliveroo first made the announcement after European markets closed on Friday. In a follow-up update Monday, it said it was immediately suspending […]
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European real estate investment rises in the first quarter but macro uncertainty clouds outlook
Haussmann architecture buildings are reflected on the facade of Samaritaine department store in central Paris on October 10, 2023. Dimitar Dilkoff | Afp | Getty Images Europe’s real estate sector is recovering at pace following years of subdued activity, with investment volumes rising by a quarter over the past 12 months, according to new research […]
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Philippines says China has not seized disputed South China Sea reef
Philippine coast guard personnel and a Chinese coast guard ship on April 23, 2023. Ted Aljibe | Afp | Getty Images The Philippines said Monday there was no truth to news reports that Beijing has seized control of a disputed reef in the South China Sea, after its personnel landed on the unoccupied sandbars and found no Chinese presence there. Chinese state broadcaster CCTV on Friday […]
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