President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow. Putin said he has "practically agreed" to the proposals to end the war outlined in summit talks with U.S. President Donald Trump in Alaska in August. "To say that we reject something is simply incorrect and has no basis in fact," he said Friday at his annual televised press conference in Moscow. "This issue is entirely on the side of our Western opponents, so to speak, primarily the leaders" of Ukraine and...
President Donald Trump outlined plans for a new defense system dubbed "Golden Dome," highlighting advanced technology, international interest and a projected cost of $175 billion. Key Quotes Made announcement about the Golden Dome defense shield. Selected architecture for the Golden Dome. Will include space-based interceptors. Canada says it wants to be part of it. Gold Dome should be operational by the end of my term. We're helping Israel with their system. Our technology is more advanced than Israel's. Bill in Congress to include $25 billion for the Golden Dome. Talks...
Federal Reserve Bank of Cleveland President Beth Hammack noted during an interview with Axios that the evolving policies of the U.S. government continue to make it increasingly difficult for policymakers to manage the economy. If not addressed, Hammack sees a stagflation scenario, in which low growth is accompanied by high inflation, as increasing. Key highlights Extraordinary uncertainty is weighing on economic activity. Upcoming policies could offset the effects of trade policy. Hammack sees a stagflation outcome as a likely scenario. I don't want to overreact to trade. White House...
The wave of new U.S. tariffs has severely dampened the mood among exporters and 42% of companies now expect their export revenues to decline markedly, according to a global survey by Allianz Trade published on Tuesday. The credit insurer surveyed 4,500 exporters in Germany, France, Italy, Spain, Poland, Britain, the United States, Singapore and China about global trade in March and April, before and after the tariffs spiral on April 2. Before Donald Trump's 'Liberation Day', when the president announced new tariffs against almost all trading partners, only 5% of companies had expected...
Indonesia's government sees economic growth reaching at least 5.2% next year as it continues to focus on improving food production, energy security and people's wellbeing, its finance minister told parliament on Tuesday. Finance Minister Sri Mulyani Indrawati said economic growth in 2026 would be between 5.2% and 5.8% next year with the bottom end of the range the same as 2025's growth target. "We will reach the target in 2026 by maintaining people's purchasing power... development of natural resources downstream industry and improving the investment climate, as well as human resources,"...
China cut benchmark lending rates for the first time since October on Tuesday, while major state banks lowered deposit rates as authorities work to ease monetary policy to help buffer the economy from the impact of the Sino-U.S. trade war. The widely expected rate cuts are aimed at stimulating consumption and loan growth as the world's No. 2 economy softens, while still protecting commercial lenders' shrinking profit margins. Still, the size of the rate reductions was mild and reflected the incremental pace of monetary easing in recent years and what analysts interpreted as some wariness...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
President Vladimir Putin said he is willing to discuss ending Russia's war in Ukraine, despite rejecting changes sought by Kyiv and Europe to the U.S. peace plan drafted with Moscow.
Putin said he...