Economy – Page 29 – Golden Financier

Economy

Explainer: can Trump legally fire Fed chair Powell? Unpacking the uncertainty

President Donald Trump’s sustained public criticism of Federal Reserve Chair Jerome Powell, stemming from the central bank’s current stance against further interest rate cuts, has sent ripples of unease through…

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Economy

How Hermès stays resilient in economic uncertainty on the shoulders of its most coveted Birkin bags

As luxury companies navigate the choppy waters of a global economic slowdown, France’s Hermès has once again found stability in its most iconic creations—the Birkin and the Kelly handbags. The…

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Economy

Trump’s war with the Federal Reserve: inside the legal fight to fire Jerome Powell

What used to be an independent body, the Federal Reserve, is now part of the political discussions under the Trump administration.President Donald Trump has escalated his attacks on Fed Chair…

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Economy

Pope Francis dies at 88

Pope Francis, the Argentine Jesuit who became the first Roman Catholic pontiff from the Americas, has died, the Vatican announced Monday. He was 88.The news was delivered in a video…

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Economy

What would happen to the US economy if Trump fires Jerome Powell?

The Federal Reserve is the most powerful central bank in the world. It manages the dollar, anchors global interest rates, and plays a central role in financial stability. Its independence from…

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Economy

Dangerous times

A fortnight ago, investors were counting down the hours to President Trump’s announcement of ‘reciprocal tariffs’. Global stock indices, led by the US majors, were already exhibiting evidence of investor…

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Economy

Czech Republic ends reliance on Russian oil after 60 years

The Czech Republic had achieved full independence from Russian oil supplies for the first time in its history, government officials announced on Thursday. This milestone was reached due to the completion…

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Economy

Eli Lilly stock surges 11% on obesity pill’s success in first late-stage trial

Eli Lilly’s experimental obesity pill, orforglipron, met its main goals in a closely watched late-stage trial, boosting the company’s standing in the fast-growing market for weight loss and diabetes treatments.…

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Economy

ECB cuts rates by 25 bps as inflation eases, but warns trade tensions cloud growth outlook

The European Central Bank on Thursday reduced its key interest rate by 25 basis points, citing easing inflation and mounting risks to economic growth from trade tensions and business pessimism.…

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Economy

IMF Chief warns of economic uncertainty amid US-China-EU trade tensions

The International Monetary Fund (IMF) will lower its global growth predictions due to rising trade tensions and market volatility, but no global recession is likely, Managing Director Kristalina Georgieva said…

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