Reuters US Economy

By Maria Martinez BERLIN (Reuters) – About 80% of German businesses who trade overseas expect a further decline in sales this year, Germany’s BGA trade association said on Tuesday, forecasting a 2.7% decline in turnover compared with 2024. “The outlook for 2025 is bleak,” said BGA president Dirk Jandura. “Small and medium enterprises have lost …

German exporters expect 2.7% drop in sales in ‘bleak’ 2025, trade body says Read More »

By David Lawder (Reuters) -President Donald Trump on Monday declared that a global corporate minimum tax deal “has no force or effect” in the U.S., effectively pulling America out of the landmark 2021 arrangement negotiated by the Biden administration with nearly 140 countries. Trump, in a presidential memorandum issued hours after taking office, also ordered …

Trump effectively pulls US out of global corporate tax deal Read More »

By Gertrude Chavez-Dreyfuss and Stefano Rebaudo NEW YORK/MILAN (Reuters) -The dollar dropped on Monday after news President Donald Trump’s new administration will not immediately impose trade tariffs, prompting a rally in the currencies of some of the country’s trade partners, even as he vowed to sign a slew of executive orders on Day one that …

US dollar tumbles as Trump team suggests tariff delay, vows flurry of executive orders Read More »

By Lananh Nguyen and Divya Chowdhury DAVOS, Switzerland (Reuters) – Circle CEO Jeremy Allaire expects U.S. executive orders “imminently” from President Donald Trump, which he said could allow banks to trade crypto, offer crypto investments to wealthy clients and hold it in portfolios. Circle is the issuer of the USDC stablecoin, a digital token pegged …

Circle CEO expects imminent US executive orders to widen crypto Read More »

By Maria Martinez BERLIN (Reuters) -Germany met NATO’s target to spend 2% of its gross domestic product on defence in 2024, the government said on Monday, though well short of incoming U.S. President Donald Trump’s call for as much as 5%. Under Chancellor Olaf Scholz’s centre-left government, Germany has ramped up military spending since Russia’s …

Germany says it met NATO 2% defence spending target in 2024, short of Trump’s demand Read More »

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors will closely monitor stock markets on Tuesday, the day after Donald Trump is inaugurated for his second term in the White House, to see if U.S. equities can continue their recent trend of posting gains after a president is sworn in. Historically, the benchmark S&P 500 …

Factbox-US stock performance on dates of presidential inaugurations Read More »