Global News for You – Top News – Current News
Russia’s economy must not slide into recession, President Vladimir Putin said, after economists warned for months of a slowdown in growth. Putin told attendees, including government ministers and central bankers, at the St Petersburg International Economic Forum on Friday that some specialists and experts were “pointing to the risks of stagnation and even a recession”….
The United States Federal Reserve has left its benchmark rate unchanged despite mounting pressure from President Donald Trump to cut rates. On Wednesday, the Fed said it will leave its short-term rate steady at 4.25 percent to 4.5 percent. The central bank’s decision was largely in line with expectations, and it has not cut interest…
Elon Musk, CEO of Tesla and self-proclaimed “first buddy” of President Donald Trump, has stepped up criticism of the president’s massive tax legislation in recent days. Investors are starting to notice. Tesla shares dropped nearly 9 percent on Thursday on a day otherwise devoid of news for the electric vehicle maker, leading traders to speculate…
Elon Musk has claimed a turnaround in Tesla sales after a slump even as Starlink, the internet service provider that he owns, is growing. Elon Musk has said he is committed to staying on as Tesla’s CEO for at least another five years, weeks after the electric vehicle maker’s chair dismissed reports that the board…
Moody’s cited rising debt, saying US had repeatedly failed to end the trend of large annual fiscal deficits and interest. Moody’s Ratings has stripped the United States government of its top credit rating, citing successive governments’ failure to stop a rising tide of debt, a surprise move that could complicate President Donald Trump’s efforts to…
Days earlier, Novo Nordisk cut its sales and profit forecast for first time since the launch of Wegovy four years ago. Wegovy-maker Novo Nordisk has pushed out CEO Lars Fruergaard Jorgensen over concerns the company is losing its first-mover advantage in the highly competitive obesity drug market. Novo Nordisk announced the decision on Friday. Days earlier, Novo…
Walmart, the world’s largest retailer, will have to start raising prices later this month due to the high cost of tariffs, executives have warned in a clear signal that United States President Donald Trump’s trade war is filtering through to the US economy. As a bellwether of US consumer health, Walmart’s explicit statement on Thursday…
The United States has announced a ‘breakthrough deal’ with the United Kingdom that would create an aluminium and steel trading zone and secure the pharmaceutical supply chain. The deal affirms that “reciprocity and fairness is a vital principle of international trade” and increases access for US agricultural products, US President Donald Trump said on Thursday,…
The White House calls the decision ‘hostile’ as the e-commerce company denies any proposal is under consideration. Amazon may soon show how much tariffs imposed by US President Donald Trump will cost consumers who shop on the company’s platform, according to new reporting from the outlet Punchbowl News, citing a person familiar with the plan….
As Apple grapples with United States President Donald Trump’s tariff war with China, it has laid out plans to move to Indian assembly of the majority of iPhones it sells in the US by the end of 2026, a move that would double its current output from the South Asian nation and away from China….
