The global role of the dollar after the Trump tariffs
By Miranda Xafa
In 1944 the victorious countries of World War II were invited to Bretton Woods, New Hampshire to decide the postwar world economic order and the architecture of the ...
US smartphone shipments rose 30 per cent in March due to tariff concerns, report says
Smartphone shipments to the US surged 30 per cent in March as manufacturers Apple (AAPL.O), Samsung (005930.KS) and Motorola rushed to bring more devices into the country in anticipation of ...
UK jobs market cools further, offering some relief to Bank of England
Britain’s jobs market cooled again last month, according to data that showed the impact of a tax hike on employers and Donald Trump’s trade tariffs but is likely ...
Moody’s strips US of triple-A credit rating
Moody’s on Friday downgraded its credit rating of the United States by a notch to “Aa1” from “Aaa”, citing rising debt and interest “that are significantly higher than similarly ...
Foreign investors sound alarm over deterioration of Romania’s business climate
Major foreign business chambers in Romania, including the US, UK and Germany, have voiced concern about what they described as a rapid deterioration of the investment climate and the credibility ...
Bank of England’s Mann says UK labour market more resilient than thought
Bank of England interest rate-setter Catherine Mann said she voted to keep borrowing costs on hold last week – having sought a big 50-basis point cut in February – because Britain’s ...
ECB supervisors press banks on dollar funding over Trump concerns, sources say
European Central Bank supervisors are asking some of the region’s lenders to assess their need for US dollars in times of stress, as they game out scenarios in which ...
Greece records longest average work week in the EU in 2024
Greece had the longest average weekly working hours in the European Union in 2024, according to data published this week by Eurostat.
Greek workers spent an average of 39.8 hours per week ...
Investors less bearish on US assets
Global asset managers held their biggest underweight position in the dollar in 19 years in May, as President Donald Trump’s chaotic trade policy cut investor appetite for US assets, Bank ...
Burberry to cut 20 per cent of global workforce, shares jump
Burberry (BRBY.L) shares surged 18 per cent on Wednesday after the British luxury brand announced plans to shed 1,700 jobs or around a fifth of its global workforce to cut costs ...
Simsek insists Turkey’s economic programme “on track” despite challenges
Turkey’s finance minister said the country’s economic transformation was on track and that the country was prepared to deal with slower growth.
Finance Minister Mehmet Simsek said that ...
Goldman Sachs cuts US recession odds to 35 per cent from 45 per cent on trade truce optimism
Goldman Sachs cut its recession forecast for the US to 35 per cent from 45 per cent, the first major brokerage to do so, after a temporary tariff truce with China boosted ...
Honda sees full-year profit down 59 per cent as US tariffs bite, postpones Canada EV plans
Japan’s Honda Motor (7267.T) forecast a 59 per cent profit decrease in the current financial year and said it would put on hold a plan to build an EV supply ...
ECB to stand by past stimulus policies in strategy review
The European Central Bank will stand by its aggressive stimulus policy of the last decade in a strategy review, side-stepping calls for self-criticism after a bout of high inflation and ...
Samsung launches slimmest smartphone as races against rival Apple
Samsung Electronics (005930.KS) made public on Tuesday its slimmest flagship model to date, complete with enhanced artificial intelligence features, as it seeks to get ahead of rival Apple (AAPL.O) ...
Self-driving trucks: en route to transform Europe’s freight sector
EU-funded researchers are accelerating the rollout of self-driving trucks on public roads to solve driver shortages and improve safety and sustainability in Europe’s logistics sector.
By Bárbara Pinho
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Apple’s plan to offer AI search options on Safari a blow to Google dominance
Apple’s plans to add AI-powered search options to its Safari browser are a big blow to Google, whose lucrative advertising business relies significantly on iPhone customers using its search ...
The damage of Trump’s tariffs
By Miranda Xafa
Trump’s tariffs dominate discussions about the global economic order and the outlook for the global economy at the IMF’s Spring Meetings. Existing rules are being ...
IBM CEO makes play for AI market and more US investment
IBM (IBM.N) has made a play for more sales in the crowded artificial intelligence field, touting tools that could help customers manage a fleet of AI agents for their ...
US seeks breakup of Google’s ad-tech products after judge finds illegal monopoly
The US Department of Justice has proposed that Google sell its AdX digital ad marketplace and DFP platform for managing and delivering ads on websites, after a federal judge found ...
OpenAI dials back conversion plan, nonprofit to retain control
OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman’s power over the pioneering ...
Lamborghini quarterly revenue up 29.6 per cent as hybrid models boost deliveries
Italian luxury sports carmaker Lamborghini reported a 29.6 per cent jump in revenue to 895.2 million euros, driven by strong global demand for its new hybrid models, the Revuelto and Urus SE, ...
Saudi Arabia’s non-oil business sector growth eases in April
Saudi Arabia’s non-oil private sector activity expansion slowed in April as growth in new orders decelerated sharply, even as hiring rates reached their joint-fastest pace in more than a ...
Why does Saudi Arabia want a civil nuclear deal with the US?
Saudi Arabia and the United States are discussing a deal to cooperate on the kingdom’s ambitions to develop a civil nuclear industry, talks that have long been complicated by ...