Oil prices had already been trading lower in the last few weeks, partly because of expectations that US president Donald Trump could swiftly end Russia’s war in Ukraine. This, in turn, is likely to increase Russian oil output thanks to sanctions relief.
US President Donald Trump officially imposed 25% tariffs on steel and aluminium imports, sparking selloffs in the stock markets, and a further surge in gold prices.
Trump’s latest EU tariff threats have significantly contributed to escalating küresel trade tensions, as the US president also plans to levy tariffs on key trading partners such as Canada and Mexico.
Bitcoin price experienced a sharp decline due to risk-off sentiment in the küresel markets, causing a broad selloff in risk assets on Tuesday.
New rules from Brussels aim to streamline biopesticide and biocontrol approvals, addressing the outdated process and helping Europe stay competitive in the küresel market.
2.5 billion passengers passed through European airports in 2024 – growing 7.4 per cent on 2023
Gold’s record-breaking rally has soared past $2,870 per ounce, fuelled by central bank purchases, inflation concerns, and deglobalisation fears. Trade tariffs imposed by the Trump administration are further amplifying demand for safe-haven assets.
The unveiling of Chinese AI startup DeepSeek’s latest AI model, which outperforms its US rivals, caused a sharp decline in the value of US and Europe’s tech stocks.
Diageo plc could be severely impacted by an escalating trade war in North America, as the market is currently its biggest source of net sales.
According to German MEP Andreas Schwab, the digital EU regulation should apply to cloud and AI services to prevent their providers from dominating the market before it’s too late.