FX.co ★ Forex Humor. A look at the Forex market with Humor
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Elon Musk emerges as top donor in US midterm campaign
Elon Musk, founder of SpaceX and Tesla, has become the largest financial backer of the Republican Party and the most influential donor in the current US midterm campaign...
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US small business optimism falls to three‑month low
Sentiment among US small business owners deteriorated notably last month: the small business optimism index fell 0.8 points to 97.9. Bloomberg reports the decline was recorded across...
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Moscow remains top oil exporter to China, accounting for 30% of August imports
Russia retained its position as the top oil exporter to China in August, OPEC’s October report shows. Russian crude accounted for 30% of China’s imports in the last month...
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People’s Bank of China gives Visa green light for local clearing entity
Visa, the world’s largest credit card network, has received approval from the People’s Bank of China to begin preparations to enter the mainland payments market, Interfax reports. The US company...
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Merz pledges to cut Germany’s electricity tax to EU minimum
Chancellor Friedrich Merz has announced plans to cut the electricity tax for all consumer categories to the minimum level permitted within the European Union. The statement followed consultations with conservative...
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France GDP stalls at 0.1% in Q3 as recovery loses momentum
France’s economy grew by just 0.1% in the third quarter, according to estimates from the national central bank. The euro area’s second‑largest economy showed only a modest pickup after three...
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Chinese data centres shift to Huawei, Alibaba chips, squeezing Nvidia
Nvidia’s share of AI‑accelerator shipments to China fell to 34% in the first half of the year, Reuters reports, citing IDC data. The US firm shipped some 678,000 specialized chips...
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AI boom poses threat to financial stability, IMF chief economist warns
Concentration of supply chains for artificial intelligence among a small number of countries and corporations poses a serious threat to global financial stability, Silvana Tenreyro, the IMF’s chief economist, warned...
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IMF calls for targeted aid and firm central bank policy to preserve economic buffers
The global economy has shown remarkable resilience to a string of shocks, but its buffer is running out, IMF Chief Economist Silvana Tenreyro said. She argued that countries must shift...
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Trump ultimatum prompts Germany to unlock emergency fuel stocks as G7 frees 100m barrels
Germany will draw down its strategic reserves and put up to 15 million barrels of oil and refined products into the market, the economy ministry said, as part...
