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Markets

Wall Street rally falters as Trump sends mixed tariff signals

The rebound in the US stock markets ran out of steam after a two-day rally as the Trump administration sent mixed messages regarding its tariff plans on other countries, particularly China.

Health news

EU holds firm on pharma reform proposal despite industry pressure

The European Commission has no plans to withdraw or revise its proposed overhaul of EU pharmaceutical rules, despite mounting pressure from the pharmaceutical industry concerned about potential tariffs and the sector’s competitiveness.

Business

Volvo Group posts lower sales and profits as tariff uncertainty hits

The Swedish truck maker’s first-quarter earnings declined sharply due to its sales falling in all regions and in almost all segments, as increased uncertainty surrounding tariffs and their effect on global trade persists.

Europe News

Papal exit offers rare diplomatic chance for global peace

With global tensions running high and world leaders gather en masse to pay their respects, Pope Francis’ funeral is shaping up to be one of the most significant international summits of the year.

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Economy

Eurozone economy stalls in April as tariffs rattle services activity

Eurozone economy stagnates in April as trade tensions drag services sector into contraction. PMI data show Germany's resilience in manufacturing, while France's downturn deepens. Easing inflation pressures may support ECB rate cuts

Business

All eyes on EVs as carmakers eye competition at Auto Shanghai 2025

Global car companies as BMW, Volkswagen and General Motors are attempting to retain their market share in China as tariffs and rising Chinese competition threaten sales.

Business

Musk vows to step back from DOGE job and put more time into Tesla

Elon Musk says he’ll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.

Economy

Markets rebound as Trump signals cutting China tariffs 'substantially'

Global stock markets experienced a relief rally after US Treasury Secretary Scott Bessent indicated that high tariffs were not sustainable, raising hopes for a de-escalation in the US–China trade war. President Trump confirmed the stance and signalled that tariffs on China would be cut.

Europe News

Winners and losers: The long game of US-EU trade conflicts

The current trade war between the US and the EU is nothing new. Five major disputes have pitted the two economic powers against one another. So how did they turn out?

India

Vance and Modi hail positive US-India trade talks amid tariff threat

The US is India's main trading partner and their bilateral trade stood at €113bln in 2024, with a €39.9bln surplus in favour of New Delhi.

Markets

Gold price hits record high: What’s behind the precious metal’s rally?

Gold prices have surged almost 31% so far this year already, driven by rising safe haven demand and an increasingly volatile global economy.

Business

Swiss pharma giant Roche pledges to invest €47 billion in the US

The investment plans include new R&D sites in four US states and creating more than 12,000 jobs, according to the Swiss pharmaceutical company.

Markets

Investors flee US assets as Trump attacks Fed chair Jerome Powell

Investors continued offloading US assets as the Trump administration seeks a way to dismiss Federal Reserve Chair Jerome Powell. Trump has demanded rate cuts, referring to Powell as “a major loser” in a social media post. The US dollar weakened to a three-year low.

Markets

Markets this week: Tesla, Microsoft and Alphabet earnings in focus

Investors will closely watch the trajectory of global business activity in the manufacturing and services sectors this week. Meanwhile, major US tech companies—including Tesla, Microsoft, and Alphabet—are set to report first-quarter earnings, driving the market movements.

Economy

China vows retaliation against countries supporting US trade isolation

Beijing has vowed to retaliate if other countries strike trade deals with the United States at the expense of China’s interests, in response to news that the Trump administration is pressuring trading partners to isolate China in negotiations.

Europe News

The silence between von der Leyen and Trump looms over trade talks

Despite the European Commission holding exclusive competence on trade policy, Donald Trump has not spoken with its president, Ursula von der Leyen, since he returned to the White House.

Taiwan

Bipartisan US delegation signals backing for Taiwan

Despite Trump’s 32% tariff and past criticism, Taiwan has vowed to boost defence spending and strengthen economic ties with Washington.

Economy

IMF: Tariffs will not spark global recession but will weaken economy

Surging US tariffs will weaken the global economy and push up inflation this year, according to the International Monetary Fund.

Economy

Trump suggests he could remove US Fed Reserve Chair Jerome Powell

“If I want him out, he’ll be out of there real fast, believe me," Trump said in the Oval Office to reporters on Thursday.

Europe News

How to protect your financial assets against Trump's tariffs

Deutsche Bank's Chief Investment Officer and chief strategist from private bank Merck Finck gives advice on how to protect assets against market volatility sparked by Trump's tariffs.

Stay updated with the latest news on tariffs, including policy changes, economic impact, and global trade implications. Our coverage provides expert insights and thorough analysis on how tariffs are shaping international markets.