Former U.S. President Donald Trump threatened to impose tariffs on members of the BRICS group of nations on Friday, warning the alliance would quickly collapse if it ever becomes a significant economic force. "When I heard about this group from BRICS, six countries, basically, I hit them very, very hard. And if they ever really form in a meaningful way, it will end very quickly," Trump said without specifying which nations he was referring to. The BRICS group currently includes Brazil, Russia, India, China, South Africa, and has recently expanded to include other nations. In addition to...
Underlying US inflation last month rose by more than forecast, supporting the Federal Reserve's cautious approach to lowering interest rates. The so-called core consumer price index — which excludes food and energy costs — increased 0.4% in January after a 0.2% advance in December, Bureau of Labor Statistics figures showed Wednesday. From a year ago, it rose 3.3%. Economists see the core gauge as a better indicator of the underlying inflation trend than the overall CPI that includes often-volatile food and energy costs. The headline measure rose 0.5% from December...
The United States (US) Bureau of Labor Statistics will release January's Consumer Price Index (CPI) report on Wednesday at 13:30 GMT. As a key indicator of inflation, this report might influence the US Dollar's (USD) price action in the short-term horizon, although it's not expected to lead to any immediate changes in the Federal Reserve's (Fed) monetary policy stance.That said, the Consumer Price Index (CPI) is expected to show an annual increase of 2.9% in January—matching the previous month's reading. When you strip out the volatile food and energy prices to get a clearer picture, the...
Britain is set for solid growth and falling inflation this year but the Bank of England has little scope to cut interest rates further, the NIESR think tank predicted on Wednesday in a relatively upbeat set of forecasts. The National Institute of Economic and Social Research also said finance minister Rachel Reeves remained just on track to stay within her fiscal rules when the Office for Budget Responsibility updates its forecasts next month - though it said there should be a greater focus on long-term debt challenges. NIESR forecast the British economy would grow by 1.5% this year -...
Italy's second-largest lender UniCredit on Tuesday posted a fourth-quarter profit beat, raising shareholder returns amid market focus on the bank's M&A overtures.Net profit attributable to the group came in at 1.969 billion euros ($2.03 billion) in the fourth quarter, compared with an analyst forecast of 1.803 billion euros, according to a LSEG-compiled consensus.Revenues reached 6 billion euros over the period, versus analyst expectations of 5.898 billion euros.Other fourth-quarter highlights included:Return on tangible equity of 11.5%, compared with 19.7% in the third quarter.CET 1...
British employers are the most likely among those in major European countries to include salary details when they advertise a job, with 71% doing so compared to just 16% in Germany, research from recruitment platform Indeed showed on Tuesday.The proportion of British job advertisements providing salary details has risen steadily from 48% in 2019 and has also increased elsewhere in Europe, though the gaps between countries have not changed much."The culture around pay secrecy and negotiation is a bigger factor in some countries than others," Indeed economist Jack Kennedy said.Next (LON:NXT)...
China's official NBS Manufacturing PMI increased to 49.7 in June 2025 from May's 49.5, matching market expectations while marking the third consecutive month of contraction in factory activity.
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Both the STOXX 50 and STOXX 600 hovered around the flatline on Friday, as investors adopted a cautious stance ahead of further developments in trade talks between US President Trump and Chinese...
President Donald Trump said Wednesday he plans to send a single letter to over 150 countries outlining the tariff rate they will face, saying, "It's all going to be the same for everyone, for that...