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34 articles
US claims EU joined new Iran sanctions push, yet Brussels only endorsed them
US Treasury Secretary Scott Bessent has declared that the European Union formally joined Washington's campaign to sever Iran from the global financial system.
Workers say AI makes them look more skilled than they are, study finds
A survey of nearly 10,000 employees across Europe and the Americas has found that most believe AI flatters their professional reputation, with 64% admitting they have used it to complete work they could not have done alone, raising an awkward question for…
Chevron unveils $7 billion Venezuela deal as US claims a fifth of the country's oil
Chevron announced a $7 billion expansion deal for its Venezuelan operations on Wednesday, hours after the country's parliament approved handing Washington control over a fifth of its oil reserves.
Trump vows US will take 'all' of Venezuela's oil as deal details emerge
The White House has published the terms of its Venezuela oil deal, naming the private company at its centre and confirming Washington's majority control of more than 65 billion barrels, as President Trump vowed the US would be taking "all" of it.
Japan's 10-year yield hits 3%, a first since 1996 as rate hikes dominate the G20
Japan's 10-year government bond yield touched 3% on Tuesday for the first time since 1996, part of a deepening global sovereign debt sell-off, while US Treasury Secretary Scott Bessent used the G20 finance meeting to press Tokyo for faster rate hikes.
German inflation rises to 2.9% in August, coming in below expectations
Inflation in Germany rose 2.9% in the year to August on the harmonised measure tracked by the European Central Bank, a fresh acceleration from July but well short of the 3.1% economists had expected, in a reading that offers modest relief to policymakers…
G20 finance chiefs gather in North Carolina with Iran sanctions and tariffs in focus
Finance ministers and central bank governors from the world's largest economies meet in Asheville, North Carolina, on Monday and Tuesday, hosted by a US administration that is simultaneously pressing allies to help isolate Iran financially and imposing…
The hidden bill: How Europe's scorching summers are reshaping national budgets
Another summer of record heat, drought and wildfires is leaving European governments with a bill that will land months later in the form of emergency relief, farm compensation, infrastructure repairs, unpaid taxes and food inflation.
Warsh flags inflation concerns as he rejects Fed forward guidance
Federal Reserve Chair Kevin Warsh used his first Jackson Hole address on Friday to argue that financial conditions are not restrictive and that underlying inflation has not meaningfully improved, a hawkish assessment that strengthens the case for a rate hike,…
Nvidia earnings preview: The report the entire market is waiting on
Nvidia will report its second-quarter results after the US market closes on Wednesday, with analysts expecting revenue of roughly $92 billion (€78.8bn) and investors treating the chipmaker's guidance as a verdict on whether the AI rally still has room to run.
What the new US sanctions on Iran mean for European businesses
The US has unveiled a sweeping expansion of secondary sanctions intended to sever Iran's remaining links to the global economy, warning that companies anywhere in the world that keep trading with Tehran risk losing access to the dollar system.
Bessent vows bigger buybacks after bond yields erased the US Treasury's relief rally
Long-term US Treasury yields climbed back above where they stood before Wednesday's buyback announcement, wiping out the relief that move had briefly delivered, and prompting US Treasury Secretary Scott Bessent to signal that Washington is ready to intervene…
US debt tops $40 trillion as Treasury doubles bond buybacks to calm markets
The US Treasury moved on Wednesday to calm a bond market rattled by surging borrowing costs, doubling the size of its debt buybacks hours before separate figures confirmed that the national debt had climbed past $40 trillion (€34.4tn) for the first time.
SEC unveils new crypto rules hailed as a win for the digital asset industry
The US Securities and Exchange Commission has proposed a sweeping new framework for crypto assets, offering firms two clear paths to raise money without full securities registration.
Midnight showdown looms as US and Canada meet to sidestep Trump’s tariff blitz
The US and Canada are locked in last-minute talks to prevent a fresh wave of tariffs from striking at 00:01 ET on Wednesday.
What Nvidia's $500 billion Wall Street deal signals about the AI boom
Nvidia and six of the world's largest investment firms announced plans last week to channel more than $500 billion (€433bn) into AI infrastructure, an arrangement designed to let tech companies build data centres without loading the cost onto their own…
Trump imposes drone tariffs of up to 100% with a lower rate for the EU and UK
US President Donald Trump has imposed tariffs of up to 100% on imported drones and their components, with EU manufacturers facing a preferential rate of 15% and British firms 10%, in a measure meant to rebuild American production of a technology central to…
What is Truth API? The $100,000 feed that has landed Trump a lawsuit
Two press organisations have asked a Manhattan federal court to shut down Truth API, the service launched this month that sells Wall Street firms faster access to US President Donald Trump's Truth Social posts for up to $100,000 a month.
US inflation eases to 3.4% in July as the Fed's September call stays on a knife edge
US inflation eased for a second month in July, with consumer prices rising 3.4% from a year earlier, down from 3.5% in June, exactly as economists had forecast, a reading that hands neither side of a divided Federal Reserve fresh ammunition before next…
Europe's scorching summer could cost EU economies €180 billion
Extreme heat could cost EU economies around €180 billion this year, roughly 1% of GDP and almost exactly the growth the bloc had been expecting for 2026, with France facing the heaviest blow of the big member states.
ECB holds rates at 2.25% as the reignited Iran war keeps a second hike in play
The European Central Bank left interest rates unchanged on Thursday, pausing after June's first hike in three years as easing inflation bought policymakers time, while renewed fighting in the Middle East caused a new rise in energy prices, keeping another…
Gulf oil producers race to build alternatives to the Strait of Hormuz as oil hits $100
Gulf oil producers are spending billions of dollars on pipelines designed to route crude around the Strait of Hormuz, as Iran's grip on the waterway drags on causing oil prices to hit $100 a barrel for the first time since May.
New UK PM touts 'cost of living government' with VAT cut and bus fare cap
Andy Burnham has used his first days in Downing Street to scrap the 5% VAT charged on household electricity bills and cap single bus fares in England at £2, telling his new cabinet that Britain now has a "cost of living government".
Spain backs Hernández de Cos in first-ever bid for the ECB presidency, reports say
The Spanish government has chosen Pablo Hernández de Cos, general manager of the Bank for International Settlements and former Bank of Spain governor, as its candidate to succeed Christine Lagarde at the ECB.
One in five EU jobs classed as vulnerable and Spain tops the list, report says
Close to one in five jobs in the European Union qualifies as vulnerable on at least one of three counts, inadequate pay, insecure employment or a lack of workplace rights, according to a new report from Eurofound, which places Spain at the top of the table.
Eurozone inflation confirmed at 2.8%: Will it be enough for the ECB to pause?
Eurozone inflation was confirmed at 2.8% for June on Friday, marking the first decline this year and giving the European Central Bank a timely argument to keep its deposit facility rate unchanged at 2.25% when it meets this week.
BlackRock tops $15tn: Where does the world's largest asset manager put it all?
BlackRock has become the first asset manager to oversee more than $15 trillion (€13tn), nearly three times the nominal annual output of Germany, the EU’s largest economy.
ECB selects 36 payment providers for digital euro pilot as the project moves ahead
The European Central Bank (ECB) has selected 36 payment service providers to help test the digital euro in a year-long pilot from 2027, marking the latest milestone in the EU's effort to create a digital form of central bank money while reducing reliance on…
Global oil demand set for first annual drop since the COVID-19 pandemic, IEA says
Global oil consumption is on course to shrink this year for the first time since the COVID-19 pandemic, the International Energy Agency has said, as the war between the US and Iran throttled Gulf exports, though the IEA also noted supply increased in June.
SK hynix: From near-collapse to a $1 trillion valuation and a Nasdaq listing
SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.
A World Bank for defence? The lender that Europe's big powers have yet to join
Nine countries have thrown their weight behind a new multilateral bank designed to bankroll Western rearmament, but the notable caution of Europe's largest military and economic powers raises the question of whether it can become the answer to defence funding.
The key global economic risks to watch in the second half of 2026
After six months defined by war, an oil shock and a frenzied AI trade, economists say the rest of the year hangs on a chain of interlocking risks, with the fragile peace between the US and Iran as the key factor.
US job growth plummets as eurozone unemployment holds at record low
New labour market data highlights a growing transatlantic divide, with US payroll additions slowing drastically, while the Eurozone unemployment rate remains anchored at an all-time low.
Trump made over €1 billion from crypto in first year back in office, new filing shows
US President Donald Trump earned roughly $1.2 billion (€1.05bn) from his family's cryptocurrency ventures during his first year back in the White House, according to a federal financial disclosure released on Tuesday, even as ordinary investors in the same…