Angela Barnes
Markets
European markets open higher as Trump delays 50% tariffs on the EU
Stock futures surged after US President Donald Trump agreed to postpone the planned 50% tariffs on the European Union, but the US dollar remained under pressure amid waning investor confidence in US assets, pushing the euro to a one-month high.
Business
Qatar Airways posts record €1.98 billion profit in latest earnings
The holding company that owns Qatar Airways reported on Monday it earned a $2.15 billion (€1.98bn) profit in its last fiscal year, its highest-ever profit off the back of record passenger numbers as global aviation bounces back after the coronavirus pandemic.
ADVERTISEMENT
Economy
The Fed leaves key rate unchanged as it sees risk of higher prices
The Federal Reserve kept its key interest rate unchanged on Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unusual combination that puts the central bank in a difficult spot.
Economy
How tariffs and other uncertainties are weighing on Mideast economies
Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said on Wednesday.
Economy
Donald Trump to offer automakers some relief on his 25% tariffs
President Donald Trump signed executive orders on Tuesday to relax some of his 25% tariffs on automobiles and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers.
Economy
Greece unveils €1bn in benefits after posting 1.3% budget surplus
Greece’s prime minister on Tuesday announced €1 billion in financial benefits for lower-income households and the public investment program, after the country became one of the few European Union members to post a budget surplus in 2024.
Business
South Korea to boost chip industry support in face of Trump's tariffs
South Korea said on Tuesday it will expand its financial support package for its crucial semiconductor industry to 33 trillion won (about €22.43 million) as part of efforts to address uncertainties posed by the Trump administration’s tariff hikes.
ADVERTISEMENT