Key Business News

Brussels Signals Openness to Negotiation but Warns of Limits The European Union has announced a temporary suspension of planned retaliatory tariffs on U.S. goods, choosing a diplomatic path in response to the Biden administration’s recently proposed trade measures. The tariffs, which were set to target American automotive parts, chemicals, and agricultural exports, are now on […]

Economic Outlook Dimmed by Protectionism, High Interest Rates, and Policy Uncertainty The Organisation for Economic Co-operation and Development (OECD) has significantly revised downward its global economic growth forecast, citing a resurgence of trade tensions, prolonged monetary tightening, and geopolitical instability as major drags on the recovery. The global economy is now expected to grow at

Crypto Markets Rattle as Global Regulators Tighten Grip Bitcoin has dropped sharply to trade below $85,000, marking a 15% decline in just one week, as a combination of global regulatory tightening, institutional profit-taking, and major “whale” sell-offs triggered a wave of liquidations across the cryptocurrency market. The plunge, which erased nearly $300 billion in total

Historic Fund Targets Infrastructure, Agriculture, and Energy Transition in Global South In a landmark move aimed at confronting the intensifying effects of climate change, the World Bank has unveiled a massive $200 billion climate resilience program to support developing countries over the next five years. The initiative, one of the largest of its kind, is

Core Price Gains Ease, Boosting Hopes for Gradual Rate Cuts The latest inflation data has delivered a dose of good news for policymakers and markets alike: U.S. inflation has cooled to 2.8%, its lowest annual pace since mid-2021. The figure, driven by a slowdown in energy prices and moderating housing costs, marks continued progress in

Andrew Bailey Criticizes Trump Tariffs, Signals Fragile Economic Recovery LONDON, JUNE 7, 2025 — In one of the most candid assessments from a central bank head in recent times, Bank of England Governor Andrew Bailey declared that the international trade architecture has effectively been “blown up,” citing mounting unilateral tariff moves—chiefly from the United States—as

LONDON, JUNE 9, 2025 — After years of escalating tariffs and policy clashes, senior trade officials from the United States and China convened in London this week to resume formal dialogue—marking a significant thaw in the frosty economic relationship between the world’s two largest economies. The talks, held on the sidelines of the Global Trade

NEW YORK, JUNE 7, 2025 — In an extraordinary display of how personal clashes can trigger financial tremors, a public spat between U.S. President Donald Trump and Tesla CEO Elon Musk sent Tesla shares into a tailspin and rippled across global equity markets. Tesla stock plunged as much as 19.6% intraday on Friday before recovering

Protectionist Policies Drag U.S. and Global Outlook into Uncertain Territory PARIS, JUNE 6, 2025 — The Organisation for Economic Co-operation and Development (OECD) has sharply downgraded its global growth outlook for 2025 and 2026, citing a resurgence of protectionist trade measures—particularly the United States’ aggressive tariff regime under President Trump—as the primary headwind facing the

NEW YORK, JUNE 5, 2025 — As the U.S. grapples with trade tensions, rising tariffs, and increasing protectionism, businesses are hitting the pause button on hiring and capital investment. Corporate leaders have voiced concerns about the unpredictability of U.S. trade and fiscal policies, especially in light of President Trump’s tariff wars, leaving the economic recovery