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OpenAI starts talks with Microsoft about new funding and future IPO 05/12/2025

Markets Rally on US–China 90-Day Tariff Pause as Investors Brace for Protracted Talks 05/12/2025

U.S. Slashes China ‘De Minimis’ Tariff to 54% as Trade Truce Takes Effect 05/13/2025

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Economics

UK, EU’s Trading Partners Demand Clarity Post-Brexit Clarity At WTO

The United Kingdom and the European Union have been asked by their major trading partners to clarify the terms and conditions of renegotiating tariff levels after Brexit as well as for compensating of their suppliers in the case of any loss of access to markets, said reports quoting a Geneva trade...

8 Of The Top 10 Countries Retaining Talented Workers Is In Europe

Even with the novel coronavirus pandemic looming over the ability of many countries to attract top talent, Switzerland has been identified as the best place in the world in terms of attracting and nurturing skilled workers. According to IMD’s World Talent Ranking 2020, other continental...

Investors Happy With Biden’s Election As Next US President

With major networks declared Democrat Joe Biden as the winner in the presidential race of the United States and after gaining some certainty about who will be the next president, Investors and financial executives took a big sigh of relief on Saturday. Even though the current President...

Moody's: Impact of pandemic shocks on global economy will extend beyond 2021

Moody`s assessed the prospects of the negative consequences of the coronavirus COVID-19 on the global economy. According to the international rating agency, the impact of the pandemic shocks will continue in 2021 and beyond. "The consequences of the pandemic and the measures taken by states to...

US Department of Justice confiscates $1B worth of bitcoins from the Silk Road website

The US Department of Justice withdrew more than $1 billion worth of Bitcoins from the Silk Road website, which was used for trafficking drug, arms and other illegal transactions and was closed in 2013. This was announced by David Anderson, California's Attorney for the Northern District. The...

'Very Serious' Gaps Remain In Brecxit Deal Talks, Says EU's Barnier

There were still "very serious divergences" between the European Union and the United Kingdom in trade talks related to Brexit, the EU's Brexit negotiator has said recently and has suggested that disruptions in commerce and trade with Britain was more acceptable to the bloc than diluting its key...

The Bank of England will expand bond buyback programme to $1.2T

On Thursday, the Bank of England announced the expansion of its £150 billion ($195 billion) government bond buyback programme, bringing the total to £895 billion ($1.17 trillion). Analysts expected the government bond buyback programme to expand by £100 billion. With this cash injection, the Bank...

US Fed keeps the rate unchanged despite uncertainty with elections

The US Federal Reserve (Fed) left the key rate at 0-0.25% per annum following the November meeting. The watchdog maintained in its statement that the Fed will aim for inflation "slightly above 2%" and maximum employment, and will not increase rates until these targets are met. In the meantime,...

The Wealthy North Is Spending Big In Europe’s Recovery From, Pandemic Hit

Any debate of austerity in Europe has been pushed to the sidelines because of the novel coronavirus pandemic and instead the region is seeing a race among economies to spend their way out of the pandemic induced recession and gain back some semblance of normality. The trillions of dollars...

Euro Zone GDP Q3 Growth Beats Forecasts But Rebound Threatened By New Lockdowns

A summer period with few social restrictions in Europe helped the euro zone economy to bounce back in the third quarter. But analysts are now eagerly waiting to see how the region performs in the fourth and final quarter of the year given that two of its largest economies – Germany...