As the fallout from President Trump’s rewiring of global trade sets in across Europe, governments are putting in place billions of euros’ worth of “tariff shields” to protect their economies, companies and workers from uncertainty and the growing prospect of a recession. Germany, Italy, Portugal and Spain announced more than 50 billion euros’ worth of […]
What do you wear for your first trip to space? If you are like most people, probably whatever spacesuit or astronaut outfit the company (or government agency) you are flying with provides. However, if you are Lauren Sánchez — journalist, pilot, children’s book author, philanthropist and fiancée of Jeff Bezos, the second-richest man on the […]
China on Friday said it was raising its tariffs on American goods to 125 percent, retaliating for the third time in the escalating trade war between the two superpowers. The brinkmanship between President Trump and Xi Jinping, China’s top leader, threatens to rip apart trade ties between the world’s two largest economies after years of […]
WASHINGTON — Their unlikely friendship started under dire circumstances. Nitin Ramachandran, a 13-year-old boy fighting brain cancer, asked the Make-A-Wish Foundation of the Mid-Atlantic to make one of his dreams come true: He wanted to meet Washington Wizards players. Ted Leonsis, the principal owner of the team and Monumental Sports & Entertainment, felt compelled to […]
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Tesla (NYSE: TSLA) is among the worst-performing S&P 500 stocks this year. The company is losing market share in key markets like the US, China, and Europe as multiple factors, including an aging […]
If the on-again, off-again tariff announcements by President Trump have struck you as unusual, that’s for good reason. Nothing like this has ever happened before. That’s the estimation of Douglas Irwin, a Dartmouth economic historian whose 2017 book, “Clashing Over Commerce: A History of US Trade Policy,” is the leading work on the subject. I […]
At the end of a three-hour hearing last month, Senator Ruben Gallego, Democrat of Arizona, sided with a group of Republicans in a hotly contested debate. He voted to advance the GENIUS Act, a bill backed by the cryptocurrency industry. “It’s clear that digital assets are here to stay,” Mr. Gallego said after the Senate […]
Even before this year’s economic turmoil hit, financial anxiety among Americans was running high. Really high. Four out of five Americans in a survey for Discover last year said they were worried about their money situation, with inflation, everyday expenses and the state of the economy leading a litany of concerns. Nearly two-thirds said they […]
Amid the turmoil over global trade, countries around the world reached a remarkable, though modest, agreement Friday to reduce the climate pollution that comes from shipping those goods worldwide — with what is essentially a tax, no less. An accord reached in London under the auspices of the International Maritime Organization, a United Nations agency, […]
A luxury watch retailer has confirmed it will close 16 showrooms across the country and has put dozens of roles at risk. The Watches of Switzerland Group – based at Carlton Park in King Edward Avenue, Leicestershire – said 40 people were expected to leave the business. Where possible, affected staff at the company – […]