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

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

Worsening Factory-Gate Deflation in China as Trade War Bites 05/11/2025

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Economics

Bank of Japan board member announces readiness for further policy mitigation amid rising risks

Bank of Japan board member Takako Masai said the central bank would not hesitate to soften policy if the momentum to achieve a 2% inflation target is lost, Reuters reports. "Recently, I have been worried that prices will be negatively impacted amid significant downside risks associated with foreign...

'No-Deal' Brexit Would Be 'Catastrophic', Said 23 European Car Makers

There would be "catastrophic consequences" is there was no deal to protect trade while the United Kingdom left the European Union, warned the car making industry of Europe. It also warned of millions of jobs being pushed at risk and billions being forced on companies in additional costs. ...

Trump calls on Fed to introduce negative rates

Once again, US President Donald Trump called on the Federal Reserve to lower interest rates below zero, Bloomberg reports. "We must always pay less interest than others!" - Trump wrote on Twitter, referring to the negative rates introduced in Europe and Asia. On September 18, the US Federal...

US-China Trade Talks Start To Pave Way For High Level Talks Next Month

After a hiatus of almost two months, deputy trade representatives of the United States and China kicked off a fresh round of face to face negotiations on trade in Washington in their effort to bring an end to the ongoing trade war between the two largest economies of the world and try and agree on...

OECD sharply lowers growth rate evaluations for large economies

The U.S.-China trade war slowed the global economy to a minimum of ten years, the Organization for Economic Co-operation and Development (OECD) said, cutting record forecasts for 2019 and 2020. The review touched on almost all the G20 countries, from the US to Saudi Arabia and Russia. This is the...

Argentina Economic Crisis Hits Condom Sales Due To Price Hike

The increased cost is forcing Argentine lovers to cut back on the use of contraceptives. According to a report published by the news agency Reuters, pharmacists and manufacturers have said that the sales of sales of condoms and birth control pills have dropped because of a biting...

US Fed cuts key rate for the second time in a row

Following the September meeting, the US Federal Reserve System (the Fed) lowered the key rate by 0.25 percentage points, to 1.75–2% per annum. This rate cut became the second this year after three years of going up. In its statement, the Fed pointed to continuing external risks and insufficiently...

Mecatherm: the French industrial bakery to conquer the world through efficient, tailor-made installations

In today’s business world, you need to be willing to innovate and adapt if you want to get ahead. No matter the industry, flexibility in production and variety in products offered can be excellent routes to success. Mecatherm is a company embracing this idea and providing its clients with the means...

Stocks Of Oil Companies Surge Following Attack On Saudi Oil Facility

Following the attack on two oil refining facilities in Saudi Arabia which reduced the production capacity of the largest oil producer by almost 50 per cent, there was a surge in the share prices of all of the major oil companies on Monday. The incident has also increased tensions in...

EU Will Push For Digital Tax Even In Absence Of A Global Accord

Even if there is no global accord on the so-called ‘web tax’, levies on digital companies and services would be imposed by the European Union, said the Commissioner-designate for Economic Affairs Paolo Gentiloni. “My first task will be to see whether it is possible to introduce a web tax...