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…
Economy
1332 posts
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…
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.…
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.…
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…
Is globalization at a crossroads? Nationalism and protectionism threaten trade recovery
Globalization has long been regarded as an unstoppable wave in the world of international trade and cooperation, promoting economic growth and cultural exchanges all over the world. However, in recent…
Analysts warn of a third year of revenue decline, stock downgraded as Wipro slides on weak Q1 forecast
Shares of Wipro Ltd dropped as much as 6.3% on Thursday after the IT services firm issued a disappointing revenue forecast for the June quarter, raising concerns of a third…
What is the real economic impact of mass deportations in the US?
Millions of jobs. Billions in output. A key driver of the US labour market for over two decades will be shaken up. The Biden-era approach to immigration left room for labour…
Vietnam to invest $136B in power capacity by 2030 with nuclear energy in focus
Vietnam, a country heavily dependent on coal for its energy needs, has ambitious plans to significantly increase its power generation capacity by 2030.The country’s newly revised national power plan outlines…
How Wall Street banks cashed in on Trump’s tariff turbulence as market volatility boosted equity trading revenues
While US President Donald Trump’s renewed tariff campaign has rattled markets and tested corporate nerves, Wall Street banks are reaping the rewards. Major US lenders have reported robust earnings for…