Browsing: Business

U.S. stocks closed higher as Treasury yields fell, while healthcare shares rallied and the S&P 500 ended a three-session losing streak.

As profit taking increases, gold heads for weekly loss as investors unwind inflation-fuelled rally after prices hit multi month highs.

Global electric vehicle sales rose 9% to 1.85 million in July 2026, as Europe led growth while China and North America recorded declines.

South Korea auto exports reached $6.24 billion in July, up 7%, with eco-friendly vehicles helping lift the monthly total to a July record.

Diesel prices stay elevated in the US and Europe as low inventories, refinery outages and export limits tighten global fuel supplies.

Gold rose above $4,400 to its highest level since June as markets turned to US CPI and PPI data after a weaker July jobs report on Friday.

Denmark inflation slowed to 1.7% in July from 1.9% in June, while core inflation held at 2.3% and services outpaced goods in July’s CPI data.

Europe’s extreme heat and drought could cut EU GDP by about 1% in 2026, putting nearly all projected growth under pressure across the bloc.

South Korea’s record heat is driving up fresh food prices, with vegetables, livestock and fish farms all reporting heat-related disruption.

Official news confirms EU Commission signs contract to expand IRIS2 satellite constellation with SpaceRISE for 2029 deployment.