Economics
Amazon offered steep discounts across technology, home and kitchen categories in its Prime Day online sale, with some discounts reaching up to 67% and top products heavily reduced.
Gold topped $4,000 an ounce for the first time on global markets as investors sought safe havens amid a US government shutdown and broader geopolitical and economic uncertainty.
Jeff Bezos warned investors that a speculative bubble had formed around AI stocks and other highly valued asset classes in global markets, drawing comparisons to the 1990s dot‑com bubble.
Policymakers and housing experts across Europe urged a renewed housing-construction push to ease shortages, proposing state-backed guarantees, replacement building that adds units and national policy measures.
At the White House on Tuesday, President Donald Trump met with PM Mark Carney and said he was optimistic about a new trade deal but offered no tariff concessions.
The European Commission proposed doubling steel import tariffs to 50% and halving tariff‑free quotas to shield the bloc's steel industry from cheap Chinese imports and align with U.S. tariffs.
Banks across Europe faced criticism for profiting by keeping deposit rates low, financing climate-harming activities and exploiting regulatory gaps around non-bank lenders, prompting calls for tougher oversight.
FC Barcelona thrashed Bayern Munich 7-1 in the Women’s Champions League in Barcelona, exposing a clear quality gap as the German champions capitulated.
Opposition parties aligned with Magdalena Andersson promised a power shift but lacked a common economic plan, exposing deep divisions ahead of next year's Swedish election.
BMW cut its annual profit guidance, citing weak sales in China and higher-than-expected U.S. tariffs, after reporting higher deliveries, the automaker said.
Across markets, home values rose after interest-rate cuts and wage gains, but growth was uneven, and a study forecast shifting German property winners and losers through 2035.
U.S. stock indices hit intraday record highs on Tuesday before reversing into a broad sell-off in New York after a Federal Reserve report and amid rising AI-related investor fears.
Germany risked an EU deficit procedure after the finance ministry projected high budget deficits and its debt ratio rose to 80 percent.
