Browsing Category
Finance
Trump Tariffs Threaten to Upend Global Economic Order
President Trump’s move this weekend to slap sweeping tariffs on Canada, Mexico and China is threatening to fracture the global trading system and a world economic order that once revolved around a U.S. economy that prized open investment…
Barclays says IT glitch that locked customers out of accounts is fixed
Barclays says it has fixed the IT glitch that left thousands of customers locked out of their accounts on Friday and Saturday, and promised to compensate them for any losses incurred.The bank said customers could use its payment apps and…
Elon Musk’s DOGE team reportedly gains control of US Treasury Department payment system –
Elon Musk and his DOGE team have been granted access to the US Treasury Department's payment system, according to a report in the New York Times. The move follows a standoff between Musk's team and a top Treasury official, David Lebryk,…
JPMorgan’s $4bn delivery of gold bullion adds to fears Trump’s tariffs will reshape
US banking giant JPMorgan plans to deliver $4bn of gold bullion weighing more than 937 tons to New York this month, before an anticipated escalation of Donald Trump’s trade-rebalancing tariff moves planned for Saturday.The US bank, the…
Trump’s Tariffs Would Reverse Decades of Integration Between U.S. and Mexico
When Dennis Nixon started working at a regional bank in Laredo, Texas, in 1975, there was just a trickle of trade across the border with Mexico. Now, nearly a billion dollars of commerce and more than 15,000 trucks roll over the line…
China’s DeepSeek AI signals faster path to space autonomy
ORLANDO, Fla. — The emergence of China’s DeepSeek has shaken up the artificial intelligence sector, promising new opportunities for space companies beginning to explore ways to leverage AI in space.AI is seen as key to…
Ahead of Possible Tariffs, No Rush to Get Goods In From Canada and Mexico
Companies in the United States do not appear to be making a concerted effort to rush in shipments from Mexico and Canada ahead of the high tariffs that President Trump has threatened to impose on Saturday.Mr. Trump said after taking…
EUR/USD attracts some sellers below 1.0400 ahead of German Retail Sales data
EUR/USD trades in negative territory near 1.0385 in Friday’s Asian session.
The ECB cut borrowing costs by 25 bps on Thursday, as widely expected.
US GDP came in weaker-than-expected in Q4.
The EUR/USD pair…
Elizabeth Warren on viral confrontation with RFK Jr at hearing: Could end up ‘with no
Sen. Elizabeth Warren, D-Mass., told the co-hosts of "The View" on Thursday that Robert F. Kennedy Jr. would leave the U.S. and children with "no vaccines," while talking about her exchange with the Health and Human Services (HHS)…
ECB warns of ‘headwinds’ to Eurozone economy as it cuts rate to 2.75%
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The European Central Bank has warned of “headwinds” to the Eurozone’s stagnating economy as it cut its benchmark…