African governments and banks are stepping up efforts to reduce reliance on the US dollar in trade and financial transactions as uncertainty over American tariffs unsettles global markets. Ecobank Transnational CEO Jeremy Awori told Bloomberg that erratic US trade measures are motivating companies across......
Russia and Iran are steepening discounts on their crude exports to secure a shrinking pool of Chinese buyers after Indian refiners sharply reduced purchases of Russian oil. Moscow’s flagship Urals blend is now selling to China at about 12 dollars per barrel below the ICE Brent benchmark, compared......
Freight costs for transporting crude oil from the Middle East surged to their highest level in six years as exporters accelerated shipments while tensions escalate between the United States and Iran. The cost of chartering a very large crude carrier capable of carrying two million barrels from the Persian......
Investor and Bridgewater Associates founder Ray Dalio has warned that the global financial and political system has entered a period of “great disorder,” marking the end of the post-World War II world order. In recent essays and public appearances, Dalio said current global tensions and rising......
British luxury carmaker Aston Martin has announced plans to reduce its workforce by around 20 percent as it faces mounting financial pressure linked to higher tariffs in key markets such as the United States and China, as well as broader economic uncertainty affecting the global automotive......
Japan is taking steps to mitigate the effects of newly imposed U.S. import tariffs, government officials said on Tuesday. Following the U.S. Supreme Court’s decision to strike down certain tariffs under the International Emergency Economic Powers Act (IEEPA), President Donald Trump applied a 15%......
New global tariffs introduced by U.S. President Donald Trump officially came into force on Tuesday, marking a significant shift in Washington’s trade policy. The measure establishes a baseline 10% duty on a wide range of imported goods, with the president signaling that the rate could increase......
The U.S. dollar has surrendered part of its traditional crisis‑hedge appeal since 2024, according to a fresh ING study, even as global investors broadly continue to hold dollar assets. The bank’s research, released on Monday, concludes that the shift looks cyclical rather than a permanent loss......
Oil prices retreated as traders weighed signs of progress in United States–Iran nuclear diplomacy against a fresh layer of uncertainty from President Donald Trump’s new across‑the‑board import tariffs. Brent crude futures slipped to around 71 dollars a barrel and US West Texas Intermediate......
U.S. President Donald Trump announced that he is increasing newly introduced global tariffs from 10% to 15%, with immediate effect, following a major ruling by the Supreme Court of the United States that curtailed parts of his trade policy. In a statement published on his social media platform, Trump......
The U.S. economy showed signs of slowing in the fourth quarter of 2025, with annualized GDP growth reaching 1.4%, falling short of market expectations. Analysts had forecasted a 2.5% increase, reflecting concerns over a slowdown in the world’s largest economy. For the full year 2025, the United......
Investors are channeling unprecedented sums into European equities as they look to balance portfolios that had become heavily tilted toward the United States and its richly valued technology sector. Fund flow data show European stock funds have logged back-to-back weeks of record inflows in February,......
The euro fell toward its lowest level in nearly a month as investors rushed into the dollar on mounting concerns over a potential US military strike against Iran, sending oil prices to fresh six-month highs and reviving demand for traditional safe-haven assets. The common currency traded around 1.1765......
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