Sticky inflation report unlikely to keep Fed off course for rate cut next week
A stickier inflation report isn’t likely to kick the Federal Reserve off course for an interest rate cut next week,
Global Trade
Oil Steadies as OPEC+ Signals Caution With Modest Output Hike
Oil steadied as traders weighed an OPEC+ decision to raise production at a modest rate while Saudi Aramco slashed selling
India’s chief economic adviser says Trump’s tariffs could shave 0.5% off GDP
U.S. President Donald Trump’s 50% tariffs on India could reduce the country’s gross domestic product by half a percent this
America will refund about ‘half the tariffs’ if SCOTUS rules Trump overstepped, Bessent says
The Treasury Department will issue rebates if the Supreme Court upholds a ruling that President Donald Trump’s “reciprocal” tariffs were
Google hit with $3.5 billion fine for unfair advertising practices
European Union regulators on Friday hit Google with a 2.95 billion euro ($3.5 billion) fine for breaching the bloc’s competition
Jobs slowdown seals Fed rate cut as White House criticizes Powell for not acting sooner
A weak jobs report released Friday likely sealed an interest rate cut at the Federal Reserve’s next policy meeting later
BMW CEO calls EU’s 2035 combustion engine ban a ‘big mistake’, sees strong 2025 sales
BMW Chief Executive Oliver Zipse said the European Union’s planned phase-out of combustion engines by 2035 was a “big mistake”,
Trump asks Supreme Court to save his global tariff policy
President Donald Trump said Tuesday he will seek an expedited Supreme Court review to decide whether his “Liberation Day” tariffs
Trump and sons’ stake in crypto firm worth $5bn
The crypto token backed by the Trump family has started publicly trading, giving the holdings owned by the US president
Nestlé fires boss after romantic relationship with employee
Nestlé has fired its chief executive after just one year in the job because he failed to disclose a “romantic