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Financial Markets

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Tourists shift from U.S. to Europe as spending surges
Europe set for 11% rise in tourist spending, WTTC report says

MADRID, Spain: Europe's tourism sector is poised for a strong 2025, with international visitor spending projected to grow by 11 percent...

Tough competition, weak economy hits European investments in China
European firms cut spending amid economic slowdown in China

BEIJING, China: European companies are spending less and cutting back on investment plans in China because the Chinese economy is slowing...

GameStop makes $513 million bitcoin bet in digital asset shift
GameStop buys $513 million in bitcoin to fuel crypto strategy

GRAPEVINE, Texas: GameStop has taken a significant step into the world of cryptocurrencies, revealing this week that it has purchased...

US housing outlook dims as buyers await lower rates, BofA finds
Uncertainty hits US homebuyers as mortgage rates climb again

NEW YORK CITY, New York: Rising mortgage rates and economic uncertainty are leaving many Americans unsure about whether to buy a home—just...

Texas bill targets app store access for minors, awaits governor’s nod
Texas set to require age checks on Apple and Google app stores

SAN FRANCISCO, California: Texas is set to become the first major U.S. state to require Apple and Google to verify the age of users...

US optimism rises after tariff pause, survey shows
US consumer confidence rebounds in May, but tariff fears linger

WASHINGTON, D.C.: After months of steady decline, U.S. consumer confidence saw a significant rebound in May—buoyed in part by a temporary...

Technology

Section
TikTok asks Ireland High Court to halt data ban to China
TikTok challenges Ireland's ruling on data transfers to China

DUBLIN, Ireland: TikTok is asking the High Court to stop a decision that could block the transfer of user data to China within six...

Amazon to use New York Times content to train Alexa AI
New York Times strikes first AI licensing deal with Amazon

SEATTLE, Washington: Amazon has struck a significant deal with The New York Times to license its journalism for use in AI tools like...

Texas bill targets app store access for minors, awaits governor’s nod
Texas set to require age checks on Apple and Google app stores

SAN FRANCISCO, California: Texas is set to become the first major U.S. state to require Apple and Google to verify the age of users...

Chinese coastal city blazes growth trail with fire safety industry
Chinese coastal city blazes growth trail with fire safety industry

SHIJIAZHUANG, June 2 (Xinhua) -- Tucked along China's northern coast, the city of Qinhuangdao in Hebei Province is best known for Shanhaiguan...

India and China are promising alternatives for investment, says Mirae Asset VC
India and China are promising alternatives for investment, says Mirae Asset VC

New Delhi [India], June 2 (ANI): India and China emerge as promising alternatives for investments, said Mirae Asset Securities Vice...

Trump withdraws nomination of Issacman to lead NASA, days after Musk departs from White House
Trump withdraws nomination of Issacman to lead NASA, days after Musk departs from White House

Washington DC [US], June 1 (ANI): President Donald Trump has withdrawn the NASA nomination of Jared Isaacman, a billionaire tech entrepreneur...