Demonstrators holding flags of Ukraine and the European Union on the Boulevard du Temple in Paris, France on Feb. 23, 2025. Amaury Cornu | Afp | Getty Images European Union countries will allocate 90 billion euros ($105.5 billion) in aid to Ukraine for 2026 and 2027, EU Council President Antonio Costa said on Friday. “We…
Nvidia’s H20 chip. Vcg | Visual China Group | Getty Images U.S. President Donald Trump’s administration has launched a review that could result in the first shipments to China of Nvidia’s second-most powerful AI chips, five sources said, making good on his pledge to allow the controversial sales. Trump this month said he would allow sales of Nvidia’s H200 chips to China,…
Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day. Yongyuan | E+ | Getty Images Asia-Pacific markets rose Friday as investors look toward the Bank of Japan decision coming out later in the day. The decision could see rates raised to 0.75% — the highest since 1995 —…
Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were little changed Thursday night after major U.S. indexes closed higher, buoyed by cool inflation data. S&P 500 futures slipped 0.1%, while Nasdaq 100 futures lost 0.1%. Futures tied to the Dow Jones Industrial Average dropped 97 points, or 0.2%. A…
Thursday’s bonanza of four European central banks announcing interest rate decisions was as expected: the European Central Bank, Norges Bank, and Riksbank held their rates, while the Bank of England cut. But there were hints at what’s ahead for 2026. Here are four key takeaways. 1. The BoE voted to cut, but only just The…
The Bank of England (BOE) in the City of London, UK, on Monday, Dec. 15, 2025. Bloomberg | Bloomberg | Getty Images The Bank of England voted narrowly to cut interest rates on Thursday, in its last monetary policy move of 2025. The central bank’s nine-member monetary policy committee (MPC) on Thursday voted 5-4 to…
Meg O’Neill, chief executive officer of Woodside Energy Group Ltd., attends the company’s annual general meeting in Perth, Australia on Thursday, May 8, 2025. Photographer: Matt Jelonek/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images BP is changing its CEO again, but not its direction. The appointment of Woodside Energy boss Meg O’Neill as…
Kazuo Ueda, governor of the Bank of Japan (BOJ), gestures to speak during a budget committee session at the lower house of parliament in Tokyo, Japan, on Tuesday, Dec. 9, 2025. Ueda said the recent pace of increases in Japans long-term bond yields is “somewhat fast,” while adding that long-term yields should be determined by…
Edinburgh Worldwide Investment Trust, a Baillie Gifford-run technology-focused fund, is calling on shareholders to throw out a plan by Boaz Weinstein’s activist investment fund Saba Capital to overhaul its board of directors. The EWIT board said on Wednesday it would “strongly urge” shareholders to reject a plan by the U.S. hedge fund — which holds…
British oil giant BP has appointed Woodside Energy boss Meg O’Neill as its next CEO, replacing Murray Auchincloss after less than two years in the role. Auchincloss will step down today, with Carol Howle, BP’s executive vice president for supply, trading and shipping set to serve as interim CEO until O’Neill takes over the role…
