Economic events
Can Trump force the hand of NATO allies to spend up to 5% of GDP on defense?
U.S. President Donald Trump attends a meeting with NATO Secretary General Jens Stoltenberg ahead of the NATO summit in Watford, in London, Britain, December 3, 2019. Kevin Lamarque | Reuters As U.S. President Donald Trump looks to immediately fix his greatest political and economic bugbears, the thorny issue of NATO defense spending is likely to […]
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Structural weaknesses in the German economy must ‘absolutely’ be addressed, finance minister says
It is crucial that Germany embarks on a period of economic growth, the country’s finance minister Jörg Kukies told CNBC on Thursday, adding that structural weaknesses must be addressed. “We’ve just gotten revised down growth forecasts for the IMF again,” Kukies told CNBC’s Karen Tso and Steve Sedgwick at the World Economic forum in Davos. “The structural […]
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South Korea fourth-quarter GDP grows at its slowest pace in six quarters, missing expectations
The Seoul skyline. Mongkol Chuewong | Moment | Getty Images South Korea’s economy expanded 1.2% year on year in the fourth quarter, marking its slowest expansion since the second quarter of 2023. Advance figures missed the 1.4% expansion expected by economists polled by Reuters, and the growth was also softer compared with the 1.5% rise […]
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UK ‘not part of the problem’ when it comes to U.S. trade, Britain’s finance minister says
Rachel Reeves, UK Finance Minister, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC The U.K. is “not part of the problem” when it comes to “persistent” trade deficits that President Donald Trump wants to tackle, the country’s finance minister told CNBC Wednesday. […]
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Trade war is a ‘zero-sum game,’ Spain’s PM warns, as Trump threatens EU with tariffs
A trade war is not in the interest of the European Union or the U.S., Spain’s prime minister told CNBC Wednesday. “We share a strong transatlantic bond … our economies are very interlinked and I believe a trade war is not in the interest [of either party], neither for the U.S., neither for the European […]
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Europe ready to respond ‘in a proportionate way’ as Trump touts tariffs, top EU official says
Europe will respond to any tariffs imposed by U.S. President Donald Trump in a proportionate way, the European Union’s commissioner for the economy told CNBC on Wednesday. “If there is a need to defend our economic interests, we will be responding in a proportionate way,” Valdis Dombrovskis told CNBC’s Steve Sedgwick on the sidelines of […]
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European markets expected to maintain positive momentum
LONDON — European stocks are expected to open higher Wednesday, continuing positive sentiment seen in global markets since the start of the week. The U.K.’s FTSE index is expected to open 7 points higher at 8,557, Germany’s DAX up 98 points at 21,140, France’s CAC 40 up 13 points at 7,786 and Italy’s FTSE MIB up […]
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Ray Dalio says cutting budget deficit is crucial to stabilize the bond market
Davos WEF Ray Dalio says cutting budget deficit is crucial to stabilize the bond market Published Tue, Jan 21 20259:50 AM ESTUpdated 13 Min Ago Yun Li@YunLi626 WATCH LIVE Source
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European stocks open mixed as Trump 2.0 kicks off; Energy firm Orsted drops 15% on U.S. impairment
LONDON — European stocks opened in mixed territory on Tuesday, as traders reviewed the first executive orders that newly inaugurated U.S. President Donald Trump signed on Monday. The pan-European Stoxx 600 opened flat, while Germany’s DAX fell slightly after hitting a record high. While the FTSE 100 opened 0.05% higher, the Italy’s FTSE MIB and […]
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Asia markets open higher as Trump promises U.S. ‘golden age’ at presidential inauguration
Sunrise scene of Seoul downtown city skyline, Aerial view of N Seoul Tower at Namsan Park in twilight sky in morning. The best viewpoint and trekking from inwangsan mountain in Seoul city, South Korea Mongkol Chuewong | Moment | Getty Images Asia-Pacific markets are expected to gain Tuesday, as investors await greater clarity on policies […]
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