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EU cancels tariffs on US imports and expects reciprocal measures from White House
The European Commission has prepared an extensive list of hundreds of product items that Brussels is asking to be excluded from the 15-percent US import tariffs, Euractiv reports. The list...
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Chinese premier calls for stronger countercyclical economic regulation
Chinese Premier Li Qiang advocates for tighter countercyclical regulation and a comprehensive assessment of the current state of the domestic economy amid signs of a slowdown in GDP growth...
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Fed Waller signals higher rates if inflation stays elevated
Christopher Waller, a member of the Board of Governors of the Federal Reserve System, made a straightforward statement regarding the risks of prolonged price increases. He warned of a high...
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West needs $23.6 trillion to cut China reliance by 2050
To eliminate economic dependency on China, the United States and the European Union will need to invest a staggering $23.6 trillion over the next 25 years. According to a study...
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Trump intends to impose 20% levy on cargoes passing through Strait of Hormuz
US President Donald Trump announced that the United States would charge a 20-percent levy on the value of all cargoes transported through the strategic Strait of Hormuz. On his Truth...
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Apple accuses ChatGPT maker of stealing secret gadget technologies
Apple has sued OpenAI, accusing the creator of ChatGPT of systematically stealing trade secrets about devices under development. According to the complaint filed in federal court in California...
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Rising Middle East tensions impede Europe’s economic prospects
In 2026, economic growth in the eurozone is expected to be significantly weaker than previously anticipated. According to Bloomberg, leading analysts have been forced to downgrade their macroeconomic forecasts...
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EU crafts ‘solidarity instrument’ to reduce economic reliance on China
The European Union is working on a new financial mechanism, tentatively named a "solidarity tool." According to Bloomberg, this initiative is aimed at helping European companies effectively diversify their supply...
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US dollar propped up by blockchain and private capital
The long-term outlook for the American currency is being fundamentally reshaped by geopolitics, new technologies, and shifts in global capital flows. As analysts note, investors should forget the dollar’s traditional...
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Rising costs in AI infrastructure intensify inflationary pressures
Artificial intelligence is not alleviating inflation in the US. Instead, it is exacerbating price pressures. According to estimates from CIBC Capital Markets, the current investment boom in AI is expected...