US trading partners scrambled on Tuesday to prepare for the latest round of Donald Trump tariffs, after the U.S. president left unclear who would be targeted but promised to be ‘very kind’ in addressing what he claims are unfair trade imbalances. France24 Business Editor Charles Pellegrin explains why global markets and investors are deeply concerned. … Read more
The USGS has warned that the final death toll from the magnitude-7.7 quake in Myanmar could top 100,000 and that the economic losses may exceed the country’s GDP. Since the 2021 coup, the nation of 51 million people has been facing an unprecedented “polycrisis” marked by economic collapse, civil war, climate hazards and deepening poverty. … Read more
Lawmakers in Germany’s Bundestag have passed a colossal defence and infrastructure spending package tabled by Chancellor-in-waiting Friedrich Merz. It includes a special 500 billion euro fund to update the country’s infrastructure over the next 12 years and an exemption of big defence spending from its prized “debt brake” system designed to ensure fiscal discipline. Plus, … Read more
According to reporting from Bloomberg, Germany’s envoy to Brussels urged the EU on Wednesday to ease its fiscal rules in order to allow for more defence expenditure to counter Russia. This would mark an important policy shift for a country known for financial restraint, and follows plans to change Germany’s own strict fiscal rules. Also … Read more
Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar. Source link