January 2026 - Page 28

The UK economy unexpectedly contracted for a second month in May, raising new concerns for Chancellor of the Exchequer Rachel Reeves. According to the Office for National Statistics, Gross Domestic Product (GDP)

The International Chamber of Commerce (ICC) stated that following the import tariffs announced by President Donald Trump this week, tariff rates for US consumers could rise above 20%, the highest level seen

Wall Street indices fell on Friday after President Donald Trump increased tariffs on Canada, deepening uncertainty over Washington’s trade policy. Trump announced a new 35% tariff on imports from Canada on Thursday,

European stock markets opened higher on Friday as signals of progress in US-China trade talks boosted investor confidence. At the same time, the US dollar fell to its lowest level in three

The Indian rupee gained 1.3%, its best weekly performance since January 2023, closing at 85.4750 against the US dollar on Friday. This marks the rupee’s strongest weekly gain in two and a

Germany’s data protection commissioner has requested that the China-based AI startup DeepSeek be removed from Apple and Google app stores in the country due to serious concerns about data privacy. In a

Meta Platforms (META.O) could face daily fines if European Union regulators decide that changes it made to its “pay or consent” model do not comply with a competition order issued in April,

A big question mark hangs over the meeting of the world’s leading central bankers this week in Sintra, Portugal: Is the US dollar-centric monetary system heading for collapse? The governors of the