POLITICAL TURMOIL IN EUROPE
France faces more turmoil with government on brink ahead of confidence vote
France's political scene is shaky. Prime Minister Francois Bayrou is likely to lose a confidence vote. This deepens the nation's problems amid European challenges. France struggles with debt and budget issues. Opposition parties plan to oust Bayrou. President Macron may need to find a new leader. The country is in crisis after snap elections.
Charting the global economy: US consumers remain resilient, Indian exporters under pressure
American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea's consumer confidence hit a seven-year high. Indian exporters sought government support amid US tariffs.
Earthquakes, chaos, and economic collapse: How much of Baba Vanga’s 2025 prophecy has already come true?
The powerful earthquake in Myanmar that killed over 1,700 people has revived global discussion around the late Bulgarian mystic Baba Vanga. Called the ‘Nostradamus of the Balkans’, her predictions for 2025 included destructive earthquakes, political conflict in Europe and economic instability. As the year unfolds, her words about a “double fire” and “what is opened cannot be closed” are drawing speculation. Supporters view them as warnings, while sceptics argue her forecasts are vague.
World's central bankers fear being caught in Fed's storm
Global central bankers fear that political pressure on the Federal Reserve could undermine their independence. President Trump's attempts to influence the Fed have raised concerns about its ability to control inflation. This situation could set a dangerous precedent, potentially leading to financial market turmoil and higher global inflation, as other governments may seek to control their central banks.
Overturning the global trade system, Trump puts his ideas to the test
President Trump's implementation of significant tariffs on numerous nations marks a departure from the established global trade framework. These tariffs, varying from 10% to 50%, aim to reshape trade dynamics, potentially benefiting American industries while facing criticism for isolating the U.S. and raising consumer prices.
Baba Vanga's chilling 2025 Prophecy: Will Aliens crash the Euro Final or F1 Grand Prix?
Renowned for foreseeing pivotal events like the 9/11 attacks, Princess Diana’s tragic death, and the COVID-19 pandemic, Baba Vanga’s legacy continues to captivate the world, especially as many of her predictions appear to echo emerging scientific theories and evolving psychic interpretations.
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U.S. stock market futures rise as Dow, S&P 500 and Nasdaq gain on Trump–EU trade deal and Tesla surge ahead of crucial Fed week
U.S. stock market futures are rising today as the Dow, S&P 500, and Nasdaq move higher after the Trump–EU trade deal eased tariff tensions and sparked optimism across global markets. Investors are also reacting to a strong rally in Tesla stock, following a multi-billion-dollar AI chip partnership with Samsung. With a critical Federal Reserve meeting and key economic data ahead, traders are watching closely. Defense stocks like Lockheed and RTX are also gaining from fresh European contracts.
5 world market themes for the week ahead
Donald Trump's trade deadline looms, but investors remain calm. Japan and the U.S. have reached an agreement. A European Union deal is also possible. The Federal Reserve is expected to hold interest rates steady. The Bank of Japan is considering rate hikes. Euro zone data is coming this week.
Xi says China, EU must deepen trust but bloc chief urges 'real solutions'
Chinese President Xi Jinping said China and the EU must deepen trust in a turbulent world but the bloc's chiefs called for "real solutions" to move past an inflection point as they met in Beijing on Thursday. Brussels had acknowledged the talks between its top bosses and Chinese President Xi and Premier Li Qiang later Thursday would be tense.
How Trump's crackdown on universities is affecting the world
The Trump administration's efforts to curb perceived liberal bias in universities by cutting federal funding are sparking concerns about the future of American scientific dominance. As universities face financial strain and ideological pressure, international competitors like China and Canada are seizing the opportunity to attract top talent.
Charting the global economy: Trump ramps up tariffs again
President Trump revives tariff plans, targeting copper imports with a 50% duty and threatening Canada with a 35% tariff, escalating global trade tensions. These actions occur amidst existing concerns about weaponizing trade policy and potential impacts on capital investment.
How Europe got tough on migration
Across Europe, a significant shift is occurring as leaders from both right and left are adopting stricter stances on migrants lacking legal status. This change, fueled by voter backlash and concerns over migration's impact, sees centrists joining conservatives to roll back protections and streamline deportations.
Central banks eye gold, euro, yuan as dollar dominance wanes
Central banks, managing trillions, are considering diversifying away from the dollar due to geopolitical shifts. A survey indicates increased interest in gold, the euro, and the yuan.
Bangladesh unrest: Buyers hesitant to place orders in India unless govt tweaks policies, says AEPC
The AEPC Chairman observed that buyers will continue to be hesitant to place their orders in India unless Government of India tweaks its import policies to allow greater and easier access to imported man-made fabrics, trims and accessories.
Gold rises as US bonds rally on inflation data and safe haven buying
Investors are concerned that a political crisis is brewing in France in the wake of French President Macron's call for a snap parliamentary vote after his party got trounced by the far-right Marine Le Pen's National rally in the recently concluded European elections.
Inflation protests across Europe threaten political turmoil
Across Europe, soaring inflation is behind a wave of protests and strikes that underscores growing discontent with the spiraling cost of living and threatens to unleash political turmoil.
Hedge fund managers see echo of past crashes in markets
There’s some evidence that the market calm of past years may be ending.
US replaces Europe as global market's political problem child
Euro-zone rebound is a surprise; rising us risk to weigh on dollar versus euro.
Private equity, venture capital India investments in 2016 mixed bag, KPMG
This decline was expected as the flurry of investments in 2015 was shouldered by a high volume of startup deals during the year.
Rahul Gandhi likely to celebrate New Year abroad
According to sources, Rahul left for London on Wednesday and is likely to ring in the New Year abroad.
Brexit or Bremain? This is how the outcome on either side will hit you
As the vote count in the UK referendum goes down to the wire, here is how the verdict can swing fortunes of different asset classes in either of the two scenario.
Brazil logs world's worst carry trade in 2015
Investors who bet on Brazil’s local bonds this year were saddled with the biggest losses among major economies. The outlook for 2016 isn’t much better.
Gold may shine as bulls see hope in Cyprus crisis
Gold traders are becoming more bullish as concern mounts that a worsening of Europe’s debt crisis will spur demand for a protection of wealth.
Spain and Italy PMs diverge on bailout strategy
Italian PM and his Spanish counterpart may try to mask a growing divide over Europe's new bailout strategy when they meet in Madrid.
Economy still fundamentally strong, positive surprises in offing: Deutsche Bank
A Deutsche Bank report today said that all is not as bad as it is being made out to be about the country and that there can be some positive surprises in the offing.
World Economic Forum Davos 2012: Europe needs united efforts, reforms to fight crisis, says Angela Merkel
German Chancellor Angela Merkel has said her country is not prepared to provide any guarantee on the euro currency.
PM returns home after attending IBSA Summit in South Africa
Singh, who left the capital on Monday for Pretoria, held bilateral talks with South African President Jacob Zuma and Brazilian President Dilma Rousseff .
Gulf economies set to benefit as oil windfall drives spending
Arab Gulf economies are set to benefit from large government spending programmes and high oil prices in the second half of the year.
Egypt crisis not to impact trade: Sharma
Asking exporters not to be concerned about the crisis in Egypt, the government today said the turmoil has not affected the movement of ships through Suez Canal.
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