Wells Fargo sees US markets to washout in 2025, but rise in 26: here’s why
Wells Fargo expects the US markets to have a washout in 2025 while reaching new heights in 2026. The firm said the tariffs will cause uncertainty in the current year,…
Aluminum and steel tariffs spark rise in secondary production, price divergence
US tariffs on steel and aluminum were doubled, but the metal markets appear to have quickly absorbed the impact. Aluminum prices on the LME have already fully rebounded to approximately $2,440…
US-China trade talks and Washington’s decade-long effort to block China’s tech surge
For over a decade, the United States has used export controls to stymie China’s progress in acquiring and developing cutting-edge technologies—especially those with military applications such as advanced semiconductors and…
UK GDP falls by 0.3% in April as services slump and US tariffs bite
The UK economy shrank by 0.3% in April, a sharper-than-expected decline that has raised fresh concerns about the fragility of the recovery and the growing pressure on both households and…
Airbus sees aviation boom ahead, global fleet to near 50K by 2044 with India in lead
European aerospace giant Airbus SE is painting a picture of a dramatically busier future for global aviation, predicting the world’s commercial aircraft fleet will nearly double to almost 50,000 planes…
US-China trade talks and Washington’s decade-long effort to block China’s tech surge
For over a decade, the United States has used export controls to stymie China’s progress in acquiring and developing cutting-edge technologies—especially those with military applications such as advanced semiconductors and…
Europe markets open: Stoxx 600 dips as UK exports nosedive & Trump’s tariff claims sow chaos
European stock markets took a sharp dive at the open on Thursday, with a palpable sense of unease spreading across trading floors. The pan-European Stoxx 600 index fell 0.42% shortly…
UK GDP falls by 0.3% in April as services slump and US tariffs bite
The UK economy shrank by 0.3% in April, a sharper-than-expected decline that has raised fresh concerns about the fragility of the recovery and the growing pressure on both households and…
Gordon Brothers buys Poundland; pledges £80 mn for turnaround after Pepco’s UK exit
Poundland is poised for a sweeping restructuring after investment firm Gordon Brothers acquired the struggling British discount retailer from parent company Pepco Group. The deal, announced on Thursday, includes up…
US and Mexico close to agreement on easing Trump’s steel tariffs on imports: report
The United States and Mexico are moving closer to a trade agreement that would limit the impact of President Donald Trump’s proposed 50% tariffs on steel, by allowing a portion…