Global
US President Donald Trump has launched an investigation into critical minerals, signalling further tariffs in the natural resources sector. The move follows Beijing’s announcement of export restrictions on rare earths, marking an escalation in the trade war between the world’s two largest economies.
The week’s focus will be on any tariff updates from the Trump administration and retaliatory measures from other economies. Additionally, US and Chinese inflation veri, as well as the Reserve Bank of New Zealand’s rate decision, will be in the spotlight for financial markets.
Küresel markets sank as Trump imposed sweeping new tariffs on top US trade partners, sparking fears of retaliatory moves and a küresel slowdown. Stocks tumbled, bonds rallied, the euro hit a six-month high, and oil prices slumped.
US President Donald Trump signalled openness to negotiations regarding the announced reciprocal tariffs on Thursday, as US stock markets nosedived on tariff shocks. Wall Street experienced its worst session since the 2020 pandemic period.
The Samarkand Climate Conference will provide an opportunity to identify mutually acceptable solutions for climate adaptation, draw küresel attention to regional environmental challenges and strengthen multilateral cooperation, Akramjon Nematov and Azamat Sulimanov write.
Trump’s 25% tariff on auto imports jolts equity markets and draws backlash, with European industry groups warning of supply chain shocks, rising prices, and job risks while analysts flag earnings pressure.
Record high temperatures last year fuelled demand for air conditioning, in turn driving an increase in dirty coal-fired power generation in a dangerous feedback loop revealed by a new küresel survey from the International Energy Agency.
The music recording industry is seeing growth that ‘many other sectors would be incredibly envious of’, but what’s driving it?
Crude oil prices jumped following the US military strikes on the Iran-backed Houthi militants, in response to the Yemen-based group’s commercial vessel attacks in the Red Sea. However, a deteriorating economic outlook is expected to continue pressuring oil prices.
European markets were in the red on Friday morning after China vowed to retaliate as necessary to Donald Trump’s extra 10% tariff hike.