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Revolut to enter Australia’s mortgage market, to take on ‘Big Four’ retail banks

European fintech major Revolut is considering a move into Australia’s ultra-competitive mortgage market and winning customers from the


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Weak consumer demand, slumping investment drag on China’s economic growth
China’s economic recovery lost momentum at the start of the second half of 2026, with weak consumer spending, a deeper investment slump, and slower industrial output increasing pressure on Beijing to step up policy support.

Retail sales rose just 0.6% year on year in July, slowing from 1% in June and missing the 1.5% increase that economists had expected.

The figu...

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Deutsche Telekom to buy Fiberhost and Inea from Macquarie Asset Management

Deutsche Telekom, Europe’s largest telecommunications provider by revenue, has agreed to acquire Polish fibre network operator Fiberhost and broadband and television provider Inea from Macquarie Asset Management for 1 billion euros (USD 1.16 billion), strengthening its push to turn T-Mobile Polska into a fully converged telecom.

The transaction, announced on Monday (Au...


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Will the AI boom face a market correction? ECB report warns of risks
A correction in US technology stocks driven by excessive optimism over artificial intelligence (AI) is likely, even if the innovation ultimately delivers the productivity gains and profits investors expect, the European Central Bank (ECB) has warned, highlighting the potential for a sharp market downturn to spread across the euro area.

In a blog published on Monday (Au...


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Greg Abel spends Berkshire’s cash. Buffett hoarded it. Who is right?

Berkshire Hathaway shares climbed on Monday, August 10, to their highest level since Warren Buffett told shareholders in May 2025 that he would hand over the chief executive’s job.

The...


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