The European Central Bank (ECB) is expected to diverge from the Federal Reserve in terms of interest rate cuts, a move that could have particularly negative consequences for the 20-nation euro zone. According to economist Daniel Lacalle, the ECB is likely to cut interest rates in June while the Federal Reserve has decided to hold
World
The recent accusation by the U.S. against Russia for using chemical weapons against Ukrainian troops has escalated tensions between the two nations. The U.S. State Department released a statement accusing Russia of violating the Chemical Weapons Convention by using chloropicrin, a choking agent, against Ukrainian forces. This accusation has led to the imposition of more
Luxury carmaker Aston Martin has been facing significant financial challenges in recent times. In the first quarter of the year, the company reported widening losses, with an adjusted loss before tax nearly doubling to £110.5 million compared to the previous year. This significant increase in losses has raised concerns among investors and analysts alike. Revenue
Dubai, known for its grand and ambitious projects, has once again captured the world’s attention with its approval of a 128 billion dirham ($35 billion) plan to build a new passenger terminal at Al Maktoum International Airport. This new terminal is set to be five times larger than Dubai’s current main international airport, making it
The Japanese yen has been experiencing significant fluctuations against the U.S. dollar, with the exchange rate recently hitting 160.03, the weakest level since April 1990. The currency’s slide can be attributed to various factors, including the Federal Reserve rate cut expectations being pushed back, continued strength in the greenback, and the Bank of Japan’s decision
The President of the World Economic Forum, Borge Brende, recently gave a grim outlook for the global economy. During a special meeting on global collaboration, growth, and energy for development in Riyadh, Saudi Arabia, Brende highlighted the risk of a decade of low growth if the right economic measures are not implemented. He pointed out
Amazon is one of the top picks for Wall Street analysts during this busy earnings season. With a 31% potential upside, the e-commerce giant has seen a significant increase in earnings estimates in the past three to six months. Analysts are optimistic about Amazon’s future, especially with the growth of Amazon Web Services (AWS) and
The latest data released by the Commerce Department in March continues to highlight the persistent challenge of inflation. The personal consumption expenditures price index excluding food and energy remained elevated, showing an increase of 2.8% from a year ago. This was in line with the previous month and exceeded expectations set by the Dow Jones
Venice recently made headlines as the first city in the world to charge tourists a fee in an effort to manage mass tourism and improve the quality of life for its residents. The pilot program, which began on Thursday, requires day-trippers to pay a fee of 5 euros to visit Venice, a city known for
The Chinese smartphone giant Xiaomi has made a groundbreaking entry into the electric vehicle market with its new electric SU7 sedan. Since its launch in late March, the vehicle has garnered an impressive 70,000 orders as of April 20, exceeding the company’s initial projections. CEO Lei Jun revealed that Xiaomi is on track to deliver