President Donald Trump warned Tuesday at the UN General Assembly that the U.S. is prepared for a "very strong round of powerful tariffs" if Russia does not agree to end the war in Ukraine.
He criticized European nations for continuing to purchase Russian energy, saying, "They are funding the war against themselves," and argued that the EU must join Washington in imposing tariffs for them to be effective.
While Europe has reduced Russian energy imports since the war began, Hungary and Slovakia remain key buyers of oil, and France, Belgium, and Spain still import natural gas, albeit at lower levels, according to the Council on Foreign Relations.
The EU has recently ramped up pressure on Moscow, introducing new sanctions targeting Chinese and Indian companies involved in Russian oil purchases and crypto platforms tied to Russia. On Tuesday, it also announced it would end all Russian energy purchases by 2026, a year earlier than initially planned.
Source: Trading Economics
President Donald Trump announced a new peace pact between Rwanda and the Democratic Republic of Congo, which he linked to US access to critical minerals. At a meeting in Washington, Trump claimed his ...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in the Kremlin, failed to produce a peace agreement to e...
US President Donald Trump has hinted that Kevin Hassett, the current chairman of the National Economic Council, whom Donald Trump appointed to the position, is a likely choice from the shortlist of ca...
Vladimir Putin warned that Russia might consider attacking ships of countries supporting Ukraine if the surge in attacks on Moscow's tanker fleet continues, according to local media reports. There ha...
Russian President Vladimir Putin said on Thursday (November 27) that a draft outline of a peace proposal being discussed by the United States and Ukraine could form the basis of a future agreement to ...
US stocks closed higher on Friday (December 5), with the S&P 500 up 0.2%, the Nasdaq up 0.4%, and the Dow Jones Industrial Average up 0.2% as weak PCE data and positive sentiment in Michigan strengthened the likelihood of a 25bps Fed rate cut...
Oil prices edged up nearly 1% to a two-week high on Friday (December 5th) amid growing expectations that the US Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, as well as geopolitical...
Gold closed around $4,210 an ounce on Friday, near its highest level since late October, paring an earlier rally as a series of US data strengthened the case for an imminent Fed rate cut. Delayed September PCE rose 0.3% month-on-month and 2.8%...
Asia Pacific stock markets opened quietly on Wednesday morning, with investors awaiting the release of key economic data from the United States and...
Private businesses in the US cut 32K jobs in November 2025, following an upwardly revised 47K gain in October, and compared to forecasts of a 10K...
European stocks closed higher on Thursday (December 2nd), supported by a rebound in shares of major banks and automakers. The Eurozone STOXX 50 and...
A five-hour meeting between Russian President Vladimir Putin and Donald Trump's special envoy, Steve Witkoff, and his son-in-law Jared Kushner, in...