US inflation persists as Trump’s tariff threats add economic concerns
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price...
Month : January 2025
Gasoline, groceries, and cars could cost more as Trump’s tariffs loom
Trump’s 25% tariffs on Canada and Mexico could drive up prices for gas, groceries, and cars, with experts warning of economic fallout and potential supply...
H&M shares fall as fourth-quarter sales miss forecasts despite profit gains
H&M shares dropped after missing Q4 sales estimates, though profit improved. CEO Daniel Ervér remains optimistic, citing early signs of recovery in the new fiscal...
Germany and France see contraction as euro zone stalls in Q4
The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak...
Shell profits drop 16% but maintains strong shareholder returns
Shell’s 2024 profit fell 16% to $23.72 billion, missing estimates. Despite weaker oil prices, the company raised dividends by 4% and announced a $3.5 billion...
Russia’s grain exports hit record 72 million tonnes in 2024
Russia’s grain exports reached a record 72 million tonnes in 2024, driven by strategic growth in agricultural output and trade, cementing its global leadership....
EU commits €60 million to assist displaced populations in DRC
The EU has pledged €60 million to provide emergency relief in the DRC, focusing on displaced populations and those affected by conflict and epidemics in...
HSBC exits investment banking in Western markets amid overhaul
HSBC is closing M&A and equity markets operations in the US, UK, and Europe, focusing on growth in Asia and the Middle East under CEO...
Guterres expresses concern over impact of US foreign aid suspension
UN Chief Antonio Guterres expressed concern over the US foreign aid freeze, urging exemptions to sustain vital humanitarian and development support for vulnerable communities worldwide....
UAE and India discuss expanded economic and cultural collaboration
Sheikh Abdullah and Dr. Jaishankar discussed UAE-India ties in Abu Dhabi, focusing on economic, cultural, and regional cooperation to strengthen their enduring strategic partnership....