Renewed tensions between the United States and Russia have resurfaced following an incident involving an oil tanker, sparking market concerns about potential disruptions to global energy supplies. Washington's move, associated with tightening oversight and enforcement of sanctions on Russian oil shipments, is viewed by Moscow as provocative and could worsen relations between the two countries. Russia views these actions as an attempt by the United States to suppress Russian energy exports and strengthen its dominance in the global oil market. Meanwhile, Washington argues that these measures...
US President Donald Trump said he would reduce the 50-day deadline he gave Russian leader Vladimir Putin to reach a ceasefire with Ukraine, saying he was disappointed with his counterpart over the ongoing war. "I'm disappointed with President Putin, very disappointed with him. So, we'll have to see, and I'll reduce the 50 days I gave him to a shorter time," Trump told reporters in Scotland on Monday as he welcomed British Prime Minister Keir Starmer for a meeting. Trump earlier this month issued a 50-day deadline and threatened severe economic sanctions against Russia if it did not end...
European governments and companies reacted with a mix of relief and concern on Monday (July 28th) to the framework trade agreement reached with US President Donald Trump. They acknowledged what they considered an unbalanced deal, but managed to avoid a deeper trade war. The agreement announced Sunday between the two countries, which account for nearly a third of global trade, will see the US impose 15% import tariffs on most EU goods – half the threatened tariffs, but much higher than Europe had hoped. However, many specific details of the deal remain unknown. "While awaiting the full...
The leaders of Cambodia and Thailand met in Malaysia on Monday (July 28) to try to reach a ceasefire agreement on the fifth day of their fierce border conflict, amid international efforts to halt the fighting. The Southeast Asian neighbors, engaged in their deadliest conflict in more than a decade, accused each other of starting the fighting last week, before escalating it with heavy artillery bombardment and Thai airstrikes along their 817-km (508-mile) land border. Photos from the Thai and Malaysian governments showed the Chinese and U.S. ambassadors to Malaysia attending Monday's...
The United States and European Union have reached a landmark trade agreement that includes a 15% tariff on EU goods entering the U.S., President Donald Trump announced Sunday while in Scotland. The broad-strokes deal encompasses significant EU purchases of U.S. energy and military gear, along with substantial investments in the American economy. According to Trump, the European Union has committed to purchasing $750 billion worth of energy from the United States. He also stated that the EU has agreed to make $600 billion in investments in the U.S. "They are agreeing to open up their...
European Commission President Ursula von der Leyen said she will travel to Scotland this weekend to meet with US President Donald Trump, as both sides aim to reach a trade deal before the August 1 deadline when 30% tariffs on the bloc's exports are due to take effect. After months of negotiations and back-and-forth diplomacy between Brussels and Washington, D.C., the two sides have zeroed in on a deal last week that will see the EU face 15% tariffs on most of its trade. Limited exceptions are expected to apply to aviation, some medical devices and generic drugs, some alcoholic beverages,...
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...
European stock indices closed marginally lower on Wednesday as equities took a breather from their recent strong momentum, while investors continued to assess the outlook for the ECB's policy this...
The upcoming Supreme Court ruling on the legality of President Donald Trump's massive tariffs, which rocked markets in April, is one of the next major tests for US stocks and bonds.
Equity markets...