World economy
Amazon reportedly in talks with Italy to invest billions of euros in cloud expansion
Amazon’s computing unit AWS is in talks with Italy to invest billions of euros in the expansion of its data center business in the country as part of the tech giant’s effort to boost its cloud offer in Europe, four people familiar with the matter said. Cesc Maymo | Getty Images News | Getty Images […]
Read More
The time is ripe to cut interest rates next week, European Central Bank’s Rehn says
Two key European Central Bank figures on Monday threw their weight behind the prospect of an interest rate cut next week, indicating that it is practically a done deal. In a speech on Monday, Olli Rehn, ECB governing council member and head of Finland’s central bank, stressed that inflation in the euro area was falling […]
Read More
European banking institutions in Russia deal with ‘awful whole lot of risk’, Yellen suggests
U.S. Secretary of the Treasury Janet Yellen speaks while presiding above a conference of the Money Steadiness Oversight Council at the Treasury Section on Could 10, 2024 in Washington, DC. Kent Nishimura | Getty Visuals U.S. Treasury Secretary Janet Yellen advised Reuters that European banking institutions deal with growing pitfalls working in Russia and the […]
Read More
British retail income plunge 2.3% in April, lacking estimates
Men and women stroll in the rain more than the London Bridge in central London, March 12, 2024. Lucy North – Pa Images | Pa Illustrations or photos | Getty Photos LONDON — U.K. retail revenue volumes dropped 2.3% in April as damp climate deterred buyers, the Office environment for Nationwide Studies stated Friday. Economists […]
Read More
Unexpected container crunch sends ocean freight prices soaring, location off global trade alarm bells
A Chinese employee seems on as a cargo ship is loaded at a port in Qingdao, eastern China’s Shandong province. AFP Contributor | AFP | Getty Photos A fantastic storm in world trade is developing a shipping container ability crunch, fueling a unexpected and shock spike in ocean freight prices. The commencing of peak transport […]
Read More
CNBC exclusive: French President Emmanuel Macron on AI, geopolitics and the financial system
ShareShare Write-up by means of FacebookShare Post by way of TwitterShare Short article through LinkedInShare Write-up through E mail CNBC’s Andrew Ross Sorkin sits down with French President Emmanuel Macron for an exceptional job interview on how to equilibrium developments in AI with the workforce, climbing geopolitical tensions and the financial system. Supply
Read More
JPMorgan CEO Jamie Dimon states U.S. could see a ‘hard landing,’ stagflation will be ‘worst outcome’
JPMorgan Chase & Co CEO Jamie Dimon comes for a Senate Banking, Housing, and City Affairs Committee listening to on Capitol Hill September 22, 2022 in Washington, DC. Drew Angerer | Getty Illustrations or photos JPMorgan Chase‘s chairman and CEO Jamie Dimon claims the the U.S. financial state could see a “difficult landing.” When requested […]
Read More
Iran starts days of nationwide funeral rites for President Ebrahim Raisi right after helicopter crash
Persons attend a funeral ceremony for the late Iranian president Ebrahim Raisi and 7 customers of his entourage in the northwestern metropolis of Tabriz on May possibly 21, 2024. Ata Dadashi | Afp | Getty Photos Hundreds of mourners descended on Tabriz on Tuesday for a funeral ceremony honoring Iranian President Ebrahim Raisi, who perished […]
Read More
Britain’s inflation rate could be about to fall down below the Lender of England’s 2% goal
A shopper selects contemporary generate from a sector stall in the Kingston district of London, United kingdom, on Monday, May possibly 20, 2024. Bloomberg | Bloomberg | Getty Photos LONDON — U.K. inflation could be about to hit a big milestone, with some forecasting that a sharp drop in the April print will acquire the […]
Read More
As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
China’s President Xi Jinping and Russia’s President Vladimir Putin attend the opening ceremony of the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on Oct. 18, 2023. Pedro Pardo | Afp | Getty Images Russia’s close relationship with superpower China is under close scrutiny as Russian […]
Read More