A look at the day ahead in European and global markets from Rocky Swift Europe’s souring business sentiment looks likely to put stocks on the defensive on Thursday, as President Donald Trump’s erratic tariff moves sap market confidence even as surprisingly resilient corporate earnings offer some flickers of optimism. The German Ifo index due today …
Morning Bid: Dour sentiment readings threaten relief rally Read More »
By Summer Zhen HONG KONG (Reuters) -Bridgewater Associates’ three Co-Chief Investment Officers said they see “exceptional risks” to U.S. assets under the Trump administration’s rapid shift to modern mercantilism that puts “America First”. The hedge fund giant made the comments in a newsletter late on Wednesday, raising their growing concerns about a possible U.S. recession …
Bridgewater three co-CIOs warn ‘exceptional risks’ to US assets Read More »
BRUSSELS (Reuters) -The 500 million and 200 million euros fines imposed by the European Union on respectively Apple and Meta Platforms are “proportionate”, an EU spokesperson said on Wednesday, reacting to views that they were modest. “On the fines, are they modest, are they high ? From our point of view, they are proportionate (…) …
EU spokesperson: Apple and Meta fines are “proportionate” Read More »
By Kanishka Singh WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent met Ukrainian Prime Minister Denys Shmyhal and Finance Minister Sergii Marchenko on Wednesday and stressed the need to sign an economic partnership between the two countries as soon as possible, the U.S. Treasury Department said. WHY IT’S IMPORTANT Washington has said it will walk away …
US wants to sign economic partnership with Ukraine ‘as soon as possible’ Read More »
LONDON (Reuters) – Britain will ensure its new state-owned energy company, Great British Energy, avoids the use of solar panels linked to suspected forced labour in China, the energy department said on Wednesday. China produces over 80% of the world’s solar panels. Research from the UK’s Sheffield Hallam University says forced labour from among the …
UK bans state investment in solar panels linked to forced labour Read More »
By Andrea Shalal WASHINGTON (Reuters) -The World Bank on Wednesday added four top executives, including Bayer AG CEO Bill Anderson and Hyatt Hotels CEO Mark Hoplamazian, to an initiative working to address barriers to private sector investment in developing countries. World Bank President Ajay Banga, former CEO of Mastercard, launched the Private Sector Investment Lab …
World Bank adds Bayer, Hyatt and other CEOs to private sector initiative Read More »
By Steve Holland and Kanishka Singh WASHINGTON (Reuters) -The White House said on Wednesday that fines on Apple and Meta Platforms by the European Union were a “novel form of economic extortion” that the United States will not tolerate. WHY IT’S IMPORTANT Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 …
US calls EU fines on Apple and Meta ‘economic extortion’ Read More »
By Maria Martinez BERLIN (Reuters) -The German economy could suffer “a slight recession” in 2025, Bundesbank President Joachim Nagel told Reuters on Wednesday, contracting for a third consecutive year for the first time. The German government has cut its economic forecast for this year and now foresees stagnation instead of 0.3% growth. “It is not …
Germany could suffer ‘slight’ recession this year, Bundesbank’s Nagel says Read More »
By Foo Yun Chee and Jan Strupczewski BRUSSELS (Reuters) -Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could stoke tensions with U.S. President Donald …
Apple, Meta fined as EU presses ahead with tech probes Read More »
(Reuters) -The UK government and Italian energy company Eni are set to approve a 38-mile pipeline to collect carbon dioxide from industrial facilities in Liverpool and Manchester for offshore storage, the Financial Times reported on Wednesday. Both the parties will announce the pipeline approval on Thursday in London during a two-day energy security summit, the …
UK and Eni to approve 38-mile carbon capture pipeline, FT reports Read More »
