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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.

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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.

Business

LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer

French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.

Business

Donald Trump announces fees on Chinese-built vessels at US ports

The Trump administration announced new fees on Chinese-built vessels on Thursday, stating that the move aims to "begin to reverse Chinese dominance, address threats to the US supply chain, and send a demand signal for US-built ships."

Business

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

Europe News

Battleground: Big Tech — Where US tariffs and EU trade collide

The EU has a 90-day breathing space to negotiate while a blanket 10% US tariff rate continues to apply. The bloc is hoping for the best, while preparing for the worst - with targeting of US Big Tech among its options. How feasibly could Europe smite the tech it relies on?

Economy

ECB cuts rates again as Trump tariffs weigh on economic outlook

The European Central Bank cut its benchmark interest rate by a quarter point to 2.25% on Thursday as threats to growth outweigh inflationary concerns.

Business

TSMC: Profit jump and steady outlook cools investor concerns

Contract chipmaker Taiwan Semiconductor Manufacturing Company’s net income was up by 60% in the first quarter, boosted by strong AI demand.

Business

The end of cheap clothes? Temu and Shein give tariff price warning

The fast fashion brands, known for selling particularly cheap clothes, cosmetics and accessories, are contending with the 145% tariff Trump slapped on most products made in China.