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The US dollar slumped to a three-year low after reports emerged that Donald Trump will likely accelerate the announcement of his pick to replace Federal Reserve Chair Jerome Powell. Trump, who has clashed with Powell over interest rate policy, is reportedly ...

Tesla’s European sales took another hit in May, marking the fifth consecutive monthly decline for the US-based electric vehicle maker. According to data from the European Automobile Manufacturers Association, Tesla registered just 13,863 new cars across the EU, UK, and EFTA ...

The eurozone economy showed little momentum in June, with business activity stagnating and PMI figures missing market expectations. The composite PMI for the bloc held steady at 50.2, just above the line separating growth from contraction, but short of the anticipated ...

Oil markets opened the week sharply higher after US strikes on three Iranian nuclear sites late Saturday, marking a significant escalation in Middle East tensions. US crude futures climbed 2.7% to hover near $75.80 per barrel, while Brent, the global benchmark, ...

As trade tensions simmer between the EU and Washington, German and French aerospace industries have closed ranks on a key issue: retaliatory tariffs must focus on complete US aircraft and helicopters, not critical spare parts. With the European Commission weighing ...

In a week of global monetary policy announcements, central banks revealed contrasting monetary strategies. The U.S. Federal Reserve held its benchmark interest rate steady at 4.25%–4.5%, keeping it unchanged since December. However, policymakers still anticipate two rate cuts in 2025, despite ...

European markets opened Tuesday under heavy pressure as rising oil prices and escalating Middle East tensions rattled global investors. Crude prices added 87 cents early in the session, with Brent reaching $74.10 per barrel and US benchmark crude climbing to $72.64. ...

In one of Europe’s largest banking deals in recent memory, France’s BPCE is acquiring a 75% stake in Portugal’s Novo Banco from US private equity firm Lone Star. The transaction values the Portuguese lender at €6.4 billion and marks BPCE’s entry ...

Oil markets surged on Friday after hostilities involving Israel and Iran, sending Brent crude up over 10% at one point before closing the day 7% higher at $74.23 per barrel. While that’s still more than 10% below prices seen a year ...

Rare earth minerals have become the latest flashpoint in US-China trade tensions, with Beijing leveraging its near-total dominance over the sector to push back against American tariffs. China currently mines around 70% of the world’s rare earths and processes 90%, holding ...

The UK economy shrank by 0.3% in April, marking a sharp slide from March’s 0.2% growth and exceeding economists’ forecasts of a 0.1% decline. This downturn coincided with the implementation of US tariffs as well as a wave of domestic tax ...

The World Bank has downgraded its global GDP growth forecast for 2025 to 2.3 percent, a sharp decline from the 2.7 percent projection made in January. This marks the weakest economic performance in nearly two decades, excluding periods of outright recession. ...

Asian markets showed cautious optimism on Tuesday as investors tracked ongoing trade talks between the US and China in London, hoping for an easing of tariffs that have strained global supply chains and weighed on sentiment. Tokyo’s Nikkei 225 climbed 0.9% ...

Top US officials met their Chinese counterparts in London this week in a renewed push to stabilize trade relations between the world’s two largest economies. With Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent, and Trade Representative Jamieson Greer leading the ...

Silver surged past $36 per troy ounce on Thursday, marking its highest price since 2012 after gaining more than 4% in futures trading. The move underscores silver’s strong performance in 2025, with prices now up over 20% year to date. While ...