The price of gold rose to a new record on Wednesday, fueled by a sharply weakened US dollar and a flight from government bonds. US President Donald Trump said Tuesday evening that he was not concerned about the dollar’s current weakness. The dollar then initially fell sharply. Because gold is primarily traded in dollars, falling […]
US President Donald Trump claims that the United States has already collected more than $600 billion in import tariffs. “And more will be coming soon,” he writes on his platform, Truth Social. Trump also states that “the fake news media” refuses to report on this. “Because they hate and despise our country and want to […]
The New York stock exchanges closed with gains on Wednesday, building on the gains from the previous day. The broad S&P 500 and Dow Jones Industrial Average reached new record highs. Trading on Wall Street was closed for half a day leading up to Christmas Eve. US stock markets will remain closed on Christmas Day, […]
The Bank of England has further lowered the interest rate in the United Kingdom. The Bank of England aims to support the economy with lower borrowing costs. The interest rate was reduced by a quarter of a percentage point to 3.75 percent. This is the fourth interest rate cut this year. The decision was in […]
The International Energy Agency (IEA) has lowered its forecast for a global oil surplus this year and next for the first time in several months. According to the agency, this is due to rising oil demand and slower production growth. Global supply will exceed oil demand by 3.815 million barrels per day in 2026. This […]
The price of Bitcoin fell back to its lowest level since April this year on Monday. The world’s largest cryptocurrency seemed to be holding above $91,000 in recent days, but fell back below $86,000 on the first day of December. Bitcoin has come under significant pressure since reaching a record high of over $126,000 in […]
Britain’s left-wing Starmer government is approaching its moment of truth. Today, Chancellor of the Exchequer Rachel Reeves will present the budget. The red briefcase containing the hefty document is still sealed, and the government has been delivering mixed messages in recent weeks. But it seems clear that new tax increases are coming. Or not? “We […]
EasyJet increased its revenue and profit in the past financial year. The budget airline benefited from its rapidly growing division, which offers complete holidays. This performed so well that easyJet has raised its profit target for this division to 2030. Profit before interest and tax amounted to £703 million in the twelve months to September. […]
Russia will issue government bonds priced in the Chinese currency, the yuan, for the first time in December. The Russian Ministry of Finance announced this on Wednesday. The move reflects the increasing economic entanglement between Russia and China as Russia grapples with Western sanctions stemming from the war in Ukraine. The government bonds, with maturities […]
Microsoft will invest $10 billion in a large AI data centre in Portugal. According to the American software company, this is one of the largest European investments this year. The data centre will be located in Sines on the Portuguese coast, approximately 150 kilometres south of the capital, Lisbon. The development is being carried out […]
