Latest in Economy
European Traders Hedge Against Gas Price Spike to **€100/MWh** Next Winter
European gas traders are hedging against a potential price surge to €100/MWh next winter, driven by Middle East conflict and slow storage replenishment.
Lagarde Urges Europe to Cut Energy Import Dependency Amid Rising Prices
ECB President Christine Lagarde urged Europe to reduce reliance on fossil fuels and energy imports, citing rising prices and climate risks. She noted the green transition has lost momentum.
EU Divisions Over Capital Market Oversight Threaten Competitiveness
EU member states are divided over harmonized capital market supervision, threatening delays in competitiveness. Brussels pushes for integration to reduce reliance on the US and China.
Russia’s Oil Export Value Hits Post-February 2022 High
Russia's oil export value has reached its highest level since February 2022, averaging $2.42 billion weekly, driven by increased volumes and prices.
Von der Leyen Dismisses Trump’s 25% EU Car Tariff Threat
European Commission President Ursula von der Leyen dismissed Donald Trump's threat of 25% tariffs on EU cars, urging adherence to trade agreements. EU leaders backed her stance.
Hungary: Magyar Warns Orban Government Spending Risks Budget Deficit Overrun
Hungary's new PM Peter Magyar accuses predecessor Viktor Orban of excessive spending, risking this year's budget deficit targets. He pledges fiscal discipline.
Ukraine Strikes Russian Oil Infrastructure Over 20 Times, Causing Estimated $7 Billion in Losses
Ukraine has launched over 20 strikes on Russian oil infrastructure this year, causing an estimated $7 billion in losses. These attacks have impacted export revenues and production.
Audi Cautions on Financial Impact of US Tariffs on European Cars
Audi warns that potential U.S. tariffs on European cars could significantly impact its financial performance. The automaker is also facing declining sales in China.
France Says EU Has Tools to Respond to US Threats on Steel and Autos
French Trade Minister Nicolas Forissier stated the EU has tools to respond to US threats on strategic industries like steel and autos. This comes after President Trump announced potential tariffs.
Trump Approves ‘Keystone Light’ Pipeline for Canadian Oil Transport
U.S. President Donald Trump has approved the "Keystone Light" pipeline project, aiming to transport Canadian crude oil to the U.S. despite environmental concerns.
Actor-Politician Vijay’s Party Wins in India, Heightening Risks of State Deficits
Economists warn that populist promises from recent Indian state elections could strain finances and widen fiscal deficits, impacting infrastructure and job creation.
Switzerland’s Inflation Hits 16-Month High Amid Rising Energy Prices
Switzerland's inflation accelerated to a 16-month high in April, driven by rising energy prices. The central bank expects the surge to be temporary.
Zambia Delays Multi-Billion Dollar US Deals Over Data and Preferential Treatment Demands
Zambia is delaying multi-billion dollar agreements with the US in healthcare and critical minerals, citing unacceptable conditions and demands for preferential treatment.
ЄС веде переговори з Anthropic щодо тестування банків на вразливості за допомогою моделі Mythos AI
ЄС веде переговори з Anthropic щодо тестування кіберстійкості європейських компаній та банків за допомогою нової моделі ШІ Mythos.
S&P 500 Retreats from Record High Amid Middle East Tensions
The S&P 500 fell 0.5% from its record high as Middle East tensions escalated and investors prepared for earnings season. Analysts warn against confusing a narrow rally with a broad...
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Latest in Economy
European Traders Hedge Against Gas Price Spike to **€100/MWh** Next Winter
European gas traders are hedging against a potential price surge to €100/MWh next winter, driven by Middle East conflict and slow storage replenishment.
Lagarde Urges Europe to Cut Energy Import Dependency Amid Rising Prices
ECB President Christine Lagarde urged Europe to reduce reliance on fossil fuels and energy imports, citing rising prices and climate risks. She noted the green transition has lost momentum.
EU Divisions Over Capital Market Oversight Threaten Competitiveness
EU member states are divided over harmonized capital market supervision, threatening delays in competitiveness. Brussels pushes for integration to reduce reliance on the US and China.
Russia’s Oil Export Value Hits Post-February 2022 High
Russia's oil export value has reached its highest level since February 2022, averaging $2.42 billion weekly, driven by increased volumes and prices.
Von der Leyen Dismisses Trump’s 25% EU Car Tariff Threat
European Commission President Ursula von der Leyen dismissed Donald Trump's threat of 25% tariffs on EU cars, urging adherence to trade agreements. EU leaders backed her stance.
Hungary: Magyar Warns Orban Government Spending Risks Budget Deficit Overrun
Hungary's new PM Peter Magyar accuses predecessor Viktor Orban of excessive spending, risking this year's budget deficit targets. He pledges fiscal discipline.
Ukraine Strikes Russian Oil Infrastructure Over 20 Times, Causing Estimated $7 Billion in Losses
Ukraine has launched over 20 strikes on Russian oil infrastructure this year, causing an estimated $7 billion in losses. These attacks have impacted export revenues and production.
Audi Cautions on Financial Impact of US Tariffs on European Cars
Audi warns that potential U.S. tariffs on European cars could significantly impact its financial performance. The automaker is also facing declining sales in China.
France Says EU Has Tools to Respond to US Threats on Steel and Autos
French Trade Minister Nicolas Forissier stated the EU has tools to respond to US threats on strategic industries like steel and autos. This comes after President Trump announced potential tariffs.
Trump Approves ‘Keystone Light’ Pipeline for Canadian Oil Transport
U.S. President Donald Trump has approved the "Keystone Light" pipeline project, aiming to transport Canadian crude oil to the U.S. despite environmental concerns.
Actor-Politician Vijay’s Party Wins in India, Heightening Risks of State Deficits
Economists warn that populist promises from recent Indian state elections could strain finances and widen fiscal deficits, impacting infrastructure and job creation.
Switzerland’s Inflation Hits 16-Month High Amid Rising Energy Prices
Switzerland's inflation accelerated to a 16-month high in April, driven by rising energy prices. The central bank expects the surge to be temporary.