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Transatlantic Energy Tensions Surface as Washington Pushes Back on EU Climate Rules 12/15/2025

State Capitalism Recast as Security Policy in Washington 12/15/2025

Cooling Inflation Masks a Deeper Strain as High Costs Keep Pressuring American Households 12/13/2025

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Economics

China Mocks The Latest US Tariffs - 'What Doesn't Kill You Makes You Stronger'

China's calm reaction to the United States' decision to increase duties on $18 billion worth of Chinese imports, ranging from batteries to needles, indicates that rather than a new trade war, ties between the two biggest economies in the world are likely to become more icy. China promised to take...

US Firms' Earnings Delight Is Dented By The Dollar's Relentless Rise

An issue that many American businesses were not prepared to deal with this year is the strengthening dollar. A lot of market players thought that the dollar would weaken due to interest rate reductions that investors and the Federal Reserve had scheduled for 2024. The U.S. dollar index,...

US Is Planning To Apply Tariffs On Chinese Electric Cars - Reports

U.S. President Joe Biden is expected to impose fresh tariffs on China as early as next week, aimed at critical industries including electric vehicles, according to reports quoting sources. One of the persons said that the entire announcement, which can come as soon as Tuesday, is...

S&P upgrades Turkey's ratings to 'B+' from 'B'

According to the organization, double-digit inflation will persist in the nation until early 2028. Turkey's long-term foreign and local currency ratings were upgraded from "B" to "B+" by S&P Global Ratings. The ratings outlook is "positive," according to a news statement from S&P. The...

Last head of Credit Suisse' will soon leave UBS

According to the Financial Times, which cites sources, Ulrich Körner, the last CEO of Swiss Credit Suisse, will leave UBS, which acquired this bank, in the upcoming weeks. The sources claim that by the end of May, UBS management will have finished merging the two banks' legal entities....

British banks receive £9 bln in interest on deposits at the Bank of England in 2023

9.23 billion pounds ($11.5 billion) of interest was paid to the UK's biggest commercial banks on deposits made with the Bank of England last year, reads the UK House of Commons Treasury Committee report. More than twice as much was received by NatWest, Barclays, Lloyds, and Santander banks as...

US Fed Maintains Rates Steady, Citing 'Lack Of Additional Progress' On Inflation

The United States Federal Reserve maintained interest rates unchanged on Wednesday and signalled that it is still leaning towards eventually lowering borrowing costs, but it raised a warning flag over recent poor inflation data, which might delay those rate cuts. Indeed, Fed Chair Jerome...

Cocoa bean prices collapse by 26% in two days

Following a record-breaking gain since the start of the year, cocoa bean futures prices dropped by 25% during the last two trading days, according to Bloomberg. Following a 16% loss on Monday, cocoa bean futures in New York saw a 13% decrease during trade on Tuesday. While bids were above $10,000...

Consumer Spending And Investment Support French First-Quarter Growth

The French economy accelerated in the first quarter, increasing somewhat faster than predicted due to an increase in consumer spending and company investment, according to official figures released on Tuesday. The eurozone's second-largest economy grew by 0.2% in the first three months of...

China's Manufacturing And Service Activity Declines In April, Reducing The Pace Of The Economy

Growth in China's manufacturing and services sectors slowed in April, according to government surveys released on Tuesday, indicating a loss of momentum for the world's second-largest economy at the start of the second quarter. Signs of decreasing activity following large increases in...