BusinessWith a revenue haul of C$5.62 billion, Rogers Communications has outpaced market expectations this quarter, riding a wave of momentum from its media and sports portfolios. The Canadian telecom titan is now moving to cement its grip on the industry by securing full control of Maple Leaf Sports and Entertainment.
BusinessWith more than four out of every ten global flood events hitting Asia and the Pacific, Japan has pledged $10 million to launch the Water Initiative for Security, Efficiency and Resilience. The fund aims to combat the worsening threats posed by climate change, rapid urbanization, and persistent infrastructure gaps.
BusinessA fresh financing agreement between the European Investment Bank Group and Banco Santander promises to unlock €1.43 billion in capital for Spanish enterprises. By leveraging securitization, the partnership aims to bolster liquidity for small and medium-sized firms struggling with inflation, high energy costs, and elevated interest rates.
BusinessOver 188,000 households across Zimbabwe have shifted from emergency dependence to self-sufficiency following a four-year, $25 million agricultural overhaul. The initiative, funded by the African Development Bank, moved beyond temporary relief to cement long-term food security through climate-smart technology and modernized financing for rural smallholders.
BusinessDriven by a robust performance in its media and sports divisions, Rogers Communications surpassed second-quarter revenue expectations. The telecom major reported 5.62 billion Canadian dollars in revenue, comfortably outpacing the 5.55 billion Canadian dollar average forecast predicted by LSEG analysts.
BusinessThe Asian Development Bank is planting a permanent flag in Türkiye, opening a resident mission to oversee a $3 billion annual investment pipeline through 2027. This move transforms the bank’s regional strategy, shifting from remote oversight to an on-the-ground presence tasked with accelerating infrastructure reconstruction and cross-continental trade integration.
BusinessBeijing has formally pushed back against France’s recent fast-fashion legislation, labeling the environmental mandates as thinly veiled trade barriers. The Chinese Ministry of Commerce argues that the law unfairly targets its e-commerce platforms, threatening to escalate the dispute if the measures compromise the interests of domestic companies.
BusinessA new digital playbook, Financing Business Growth, aims to dismantle the financial barriers hindering female entrepreneurs across Africa. Developed by the African Development Bank’s AFAWA initiative and Lionesses of Africa, the guide leverages the firsthand experiences of 25 successful business owners to help others navigate the complexities of securing capital.
BusinessNegotiators are closing in on a landmark trade agreement between Washington and New Delhi, signaling a potential thaw in commercial relations. A senior U.S. official confirmed that while substantial progress has been reached, the final timeline hinges on the resolution of active trade investigations currently under review.
BusinessBrent crude climbed 3.5% on Wednesday after two Saudi oil tankers diverted from the Red Sea to avoid Houthi threats, igniting a broader rally in global energy shares. The sudden supply jitters arrived just as central banks prepare for critical policy deliberations on the persistent risk of inflation.
BusinessPresident Trump’s refusal to extend the USMCA for a 16-year term has dismantled the expectation of a stable trilateral framework. By forcing separate negotiation tracks with Ottawa and Mexico City, the White House is effectively shifting the continent’s economic landscape toward a series of high-stakes, bilateral showdowns.
BusinessAs U.S. tariff threats loom and geopolitical tensions simmer, economists are shifting their focus toward a persistent anomaly: a labor market that refuses to cool despite Federal Reserve attempts to stabilize prices. This disconnect between employment levels and inflation targets is now fueling deeper concerns about broader economic stability.
BusinessGlobal economic growth faces a precipitous drop to 1.3% as escalating tensions between the United States and Iran threaten to destabilize international markets. Indermit Gill, the World Bank’s departing chief economist, warns that the resulting spike in oil prices and borrowing costs creates a precarious environment for vulnerable nations.
BusinessA 25% tariff on Brazilian farm machinery, wood, ethanol, and apparel took effect Wednesday, marking the first time the U.S. has utilized Section 301 investigations against the nation. This escalation targets sectors representing up to $11 billion in trade, signaling a sharp downturn in Western Hemisphere economic relations.
BusinessBrent crude climbed past $91 a barrel on Wednesday, fueling a rally in European energy shares as investors weigh the impact of potential supply disruptions in the Middle East. The STOXX 600 index rose 0.4% to 645.83, even as broader market sentiment remains guarded against shifting geopolitical and inflationary pressures.
BusinessUkrainian forces have extended their deep-strike campaign into the Russian interior, targeting two major Wildberries warehouses in the Krasnodar and Nevinnomyssk regions. The drone assaults resulted in multiple injuries and signaled a shift in strategy aimed at disrupting the logistical backbone of the Russian consumer economy.
BusinessPresident Trump’s threat of steep tariffs on imported pharmaceuticals has placed Swiss generic giant Sandoz on the defensive, forcing the company to navigate a potential shift in global supply chains. With over 90% of U.S. generic drugs currently sourced from China and India, the administration’s local manufacturing mandate signals a significant market disruption.
BusinessNational Security Adviser Wi Sung-lac has moved to decouple diplomatic relations from a contentious data leak investigation into e-commerce giant Coupang. As U.S. business leaders accuse South Korean regulators of discriminatory targeting, Seoul is working to ensure that the friction does not derail broader strategic and economic cooperation between the two nations.
BusinessAs domestic stockpiles thin, India is set to ramp up its edible oil imports to 1.5 million tons monthly through October. This sharp uptick, fueled by the country's peak festive season, positions the world’s largest vegetable oil buyer to aggressively draw down inventories from major global suppliers.
BusinessSouth Korean President Lee Jae Myung begins a ten-day international circuit on July 24, spanning from San Francisco to South America and Germany. The tour prioritizes securing South Korea’s position in the global artificial intelligence landscape while aggressively expanding trade and mineral access across the Southern Hemisphere.
BusinessConsumer prices in the United Kingdom grew by 2.6% in June, a sharper deceleration than analysts predicted as temporary calm in the Middle East cooled global fuel markets. Despite this relief, Prime Minister Andy Burnham faces a precarious climb as volatile energy costs threaten to reverse these modest gains.
BusinessConflict persists between the South Korean government and e-commerce giant Coupang, as officials reject the company’s characterization of a massive data breach involving 33 million records. Despite the friction, Seoul insists that high-level trade and investment negotiations with Washington remain insulated from the domestic controversy.
BusinessGeopolitical friction in the Middle East and a cooling appetite for technology stocks pushed European indices downward on Wednesday. As traders braced for pivotal earnings reports from U.S. giants, the pan-European STOXX 600 index slipped 0.3% to 641.12 points by early morning, signaling a broader retreat from recent market highs.
BusinessBritish inflation retreated to 2.6% in June, falling from 2.8% the previous month as a temporary lull in Middle East hostilities triggered a sharp drop in fuel prices. The data from the Office for National Statistics offers a rare moment of relief for a government grappling with persistent cost-of-living pressures.
BusinessRising crude prices and regional instability are testing investor resolve as global markets await critical financial disclosures from industry titans. With Alphabet and Tesla set to report, the focus shifts to whether artificial intelligence spending can sustain current valuations against a backdrop of persistent geopolitical friction.
BusinessPakistan has formally requested a $10 billion exchange stabilization facility from the United States, aiming to fortify its dwindling foreign reserves and stabilize the rupee. The proposal, directed to U.S. Treasury Secretary Scott Bessent, suggests a five-year maturity window to mitigate the nation's heavy reliance on multilateral lending institutions.
BusinessBritish inflation retreated to 2.6 percent in June, defying analyst expectations of a 2.7 percent reading. The cooling trend follows a stabilization in energy costs, a direct result of the ceasefire in the Iran conflict, providing a momentary reprieve for an economy that has struggled with price volatility for years.
BusinessA series of drone strikes targeted the logistics infrastructure of Wildberries, Russia’s largest online retailer, leaving multiple people injured and sparking a major fire in the Krasnodar region. The incident underscores a shift in tactical focus as aerial incursions increasingly disrupt civilian-facing operations deep within Russian territory.
BusinessThe second resignation in just over a month has rattled Indonesia’s National Nutrition Agency, as Nanik Sudaryati Deyang stepped down this week citing health concerns. Her departure leaves President Prabowo Subianto’s signature free meals programme struggling to maintain momentum amid a backdrop of fiscal instability and internal disarray.
BusinessA sharp rally in artificial intelligence and semiconductor stocks pushed Chinese markets higher on Wednesday, sustaining the bullish sentiment that triggered the sharpest single-session climb in three months just one day prior. This wave of investor enthusiasm underscores a concentrated bet on innovation despite broader volatility across Asian exchanges.