Economy
Eurozone inflation tops forecasts, but euro tumbles on tariff fears
Eurozone inflation exceeded forecasts in January, reaching 2.5%, but the euro weakened as fears of US tariffs overshadowed expectations of a hawkish ECB response. European stocks tumbled, with auto shares hit hardest, while bond yields fell as investors sought safety.
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Economy
China renews threat to retaliate against US tariffs after Trump move
US President Donald Trump's trade war with Canada, Mexico and China is hotting up over the production and importation of the opiate fentanyl, along with trade surpluses and illegal border crossings by migrants from across the globe. China is angry.
Business
What are tariffs and how do they work?
The United States in recent years has gradually retreated from its post-World War II role of promoting global free trade and lower tariffs. That shift has been a response to the loss of US manufacturing jobs, widely attributed to unfettered tree trade and an increasingly powerful China.
Business
Trump at Davos: NATO 5% push and tariff warnings for Europe
Trump used Davos to warn Europe, demanding NATO allies raise defence spending to 5% of GDP and threatening tariffs on companies not manufacturing in the US. He linked lower oil prices to ending the Ukraine war and assured LNG exports to Europe would continue.
Markets
European markets gain despite Trump's signals on tariffs
US President Donald Trump delivered tariff threats to China, and the European Union, while pressurising Russia with more sanctions and import levies. The European markets, however, hit new highs as investors looked beyond his policy impact.