How will OPEC respond to Trump’s oil request?
After having a stellar start to the year, oil prices have slipped again as US President Donald Trump called on the world’s largest producers to lower prices. This makes next…
Economy
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Is the US becoming an oligarchy? A deep dive into wealth, power, and influence in Trump’s America
The idea that the United States is becoming an oligarchy is no longer confined to academic debate or dystopian speculation. As Donald Trump begins his second term in office, concerns…
French inflation stalls, fueling bets on ECB rate cuts
The economic landscape of Europe is marked by a delicate balance as recent inflation data presents a mixed picture, particularly in France and Germany. While French inflation has unexpectedly remained…
Trump’s 25% tariff threat looms over $1.6 trillion North American trade—here’s what’s at stake
North American businesses, consumers, and farmers are bracing for a major economic shake-up as former US President Donald Trump prepares to impose 25% tariffs on imports from Canada and Mexico.…
David Lebryk set to depart as Musk’s DOGE pushes for access to Treasury payment systems: report
Elon Musk’s Department of Government Efficiency (DOGE) representatives have reportedly requested to gain access to US Treasury payment systems, triggering a significant clash with senior Treasury official David Lebryk. According…
ECB lowers key interest rates by 25 basis points: what it means for markets
The Governing Council decided on Thursday to cut the three core ECB interest rates by 25 basis points. As a result, the interest rates on the deposit facility, major refinancing…
US jobless claims fall more than expected as economy stays resilient
The number of Americans filing for unemployment benefits dropped more than expected last week, signaling a still-resilient labor market despite slowing job opportunities. Initial jobless claims fell by 16,000 to…
The great housing freeze: why the housing market hit a 29-year low and what’s next
The housing market is facing a stark reality check, with sales of existing homes plummeting to a 29-year low. The National Association of REALTORS reports that 2024 witnessed the slowest…
Dow to lay off 1,500 employees as part of $1 billion cost-cutting plan
Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent…
FTSE 100 forecast: BoE decision, Diageo, Vodafone, GSK earnings
The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest…