Thomas Barnet

Are you one of the everyday millionaires?

Driven by strong financial markets and a strong dollar, global wealth grew by 4.6% in 2024, according to the UBS Global Wealth Report 2025. However, this growth remains unevenly distributed across the world's regions.

18 June 2025 at 11:21 pm AEST

Dassault will assemble Falcon 2000 aircraft in India.

French plane maker Dassault Aviation is teaming up with Reliance Infrastructure to produce Falcon 2000 business jets in India. The announcement was made in a joint statement at the Paris Air Show on Wednesday.

18 June 2025 at 11:02 pm AEST

Interparfums reportedly interested in Coty's luxury division.

Cosmetics giant Coty is looking to divest two pillars of its business, according to industry sources cited Monday by Women's Wear Daily (WWD). France's Interparfums is said to be in the running for the luxury division.

17 June 2025 at 05:22 pm AEST

Gemini and Coinbase set to get European approval

Two global cryptocurrency giants, Gemini and Coinbase, are on the verge of obtaining a license to operate throughout the European Union, according to sources familiar with the matter. These developments come as tensions emerge between European regulators over the pace and rigor of approvals issued by some member states.

16 June 2025 at 07:46 pm AEST

ADNOC launches takeover bid on Australian company Santos

The United Arab Emirates' national oil company, ADNOC, has made a US$18.7 billion bid to buy Santos, one of Australia's leading gas producers. The aim is to strengthen its presence in the global liquefied natural gas (LNG) market.

16 June 2025 at 05:41 pm AEST

Trump is being urged to abandon new tariffs on aircraft

Five countries and the European Union, joined by airlines and aerospace manufacturers worldwide, have urged the Trump administration not to impose new tariffs on commercial aircraft and aircraft parts on national security grounds, according to documents released on Tuesday.

12 June 2025 at 12:25 am AEST

The Pentagon to order fewer F-35s than planned

11 June 2025 at 06:43 pm AEST

The London Stock Exchange at its zenith

The UK's FTSE 100, which has seen 77% of trading days end in gains over the last 40 sessions, is flirting with the record high of 8,871 points reached on March 3 (8,908.82 points during trading).

10 June 2025 at 09:58 pm AEST

Apple, more AI and designs

At its Worldwide Developers Conference, Apple detailed its upcoming strategy for its operating system and implementation of AI in its smartphones. Currently losing momentum, the Cupertino-based company needs to win back the hearts of its customers.

10 June 2025 at 07:53 pm AEST

Trump and Xi spoke on the phone

05 June 2025 at 11:27 pm AEST

The ECB cuts rates for the eighth time in a year

The European Central Bank has cut interest rates for the eighth time in twelve months, a sign that inflation is now under control. However, the institution is taking a more cautious tone on the economic outlook for the eurozone, which has been notably weakened by rising trade tensions with the United States.

05 June 2025 at 11:24 pm AEST

With AI, Meta wants to replace advertising agencies such as Publicis and WPP

Meta is accelerating its transformation into an artificial intelligence giant by targeting the advertising world. According to the Wall Street Journal, the California-based group plans to entrust its entire advertising process—from creation to targeting—to its own AI tools by the end of 2025. This small revolution sent Publicis and WPP shares down on the stockmarket on Monday.

02 June 2025 at 11:03 pm AEST

Is BYD a giant with feet of clay?

Yesterday's spectacular slump in BYD's share price—down 8.6% in Hong Kong—appears to be an alarm bell. Admittedly, the company remains one of the undisputed champions of Chinese electric vehicles, although its commercial offensives are weighing on margins and leading to a price war that is worrying even the Chinese authorities.

27 May 2025 at 05:22 pm AEST

Tesla sales continue their freefall in Europe (-49%)

Tesla's sales in Europe plunged 49% in April 2025 compared to April 2024, even as registrations of 100%-electric cars rose 27.8% over the period, according to data from the European Automobile Manufacturers' Association (ACEA). The update of the Model Y was not enough to restore the image of the American brand, which continues to lose momentum in Europe.

27 May 2025 at 05:10 pm AEST

OnlyFans: in talks for an $8bn sale

Fenix International, the parent company of OnlyFans, is in advanced negotiations to sell the platform to a consortium of investors led by the American company Forest Road Company, Reuters has learned. The deal, which remains confidential, would value OnlyFans at around $8bn, according to three sources close to the matter. This is the first time that this amount and the name of the potential buyer have been mentioned publicly.

23 May 2025 at 06:02 pm AEST

Precious metals: gold wakes up but leaves platinum to shine

Gold prices resumed their upward trend, reaching their highest level in over a week. This rebound is fueled by the weakening US dollar and the continuing climate of political and economic uncertainty. An ounce of gold was trading at around $3,320 early on May 22.

22 May 2025 at 06:57 pm AEST

Oil prices rise amid tensions between Israel and Iran

Oil prices rose more than 1% on Wednesday morning, boosted by reports of a possible Israeli attack on Iranian nuclear facilities. Such a scenario is reigniting fears about crude supplies in a region that is crucial to global production.

21 May 2025 at 07:08 pm AEST

Offshore wind power: Trump revives project in New York

Against all odds, the Trump administration has lifted the freeze that had paralyzed the Empire Wind project off the coast of New York for a month. The $5bn wind farm, led by Norway's Equinor, will eventually power half a million homes.

20 May 2025 at 07:43 pm AEST

China cuts rates for the first time in seven months

In China, the central bank has pulled a new tool out of its bag. Faced with a recovery that is slow to materialize, the authorities have lowered their key interest rates—a first since October. The one-year and five-year rates have each been cut by 10 basis points, to 3% and 3.5% respectively.

20 May 2025 at 07:40 pm AEST

UBS faces regulatory crackdown in Switzerland

UBS has not yet finished digesting its takeover of Credit Suisse. In addition, the Swiss bank expects to suffer a serious setback on the regulatory front. Bern is working on a reform that could require it to raise up to $25bn in additional capital, according to Bloomberg.

20 May 2025 at 05:44 pm AEST

Defense, trade, Erasmus… London and Brussels ready to patch things up

The UK is preparing to make the biggest readjustment to its relationship with the European Union since Brexit. This aims to strengthen cooperation on trade and defense in order to revive the British economy and reinforce security on the continent.

19 May 2025 at 06:47 pm AEST