The International Monetary Fund (IMF) has expressed support for a series of recent policy measures announced by Argentina’s central bank and finance ministry, providing a positive backdrop for a planned review mission later this month. The declaration comes as President Javier Milei seeks to further market reforms and stabilise the…
On Thursday, Brazil’s Finance Minister Fernando Haddad attempted to clarify that the government’s new fiscal package does not include massive tax increases, despite growing political opposition in Congress.In comments to reporters a day after President Luiz Inacio Lula da Silva’s administration published a series of measures to increase revenues through an…
Retail executives are increasingly anticipating a pullback on reciprocal tariffs under a potential Trump administration, a sentiment rooted in a pattern of past actions rather than explicit policy declarations. This expectation is heavily influenced by what Wall Street has famously dubbed the “TACO trade“—”Trump Always Chickens Out”—a shorthand for the…
The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again. At one point on Friday, Brent crude oil prices had jumped more than $8 per barrel to hit its highest level since late January. Israel initiated strikes on early Friday,…
Following significant growth in 2024, the US battery energy storage (BESS) market is experiencing a nationwide boom this year.Declining battery manufacturing costs are a key factor in the rapid expansion observed. Rystad Energy forecasts this downward trend to persist for the next five to seven years, driven by continuous design…
The long-simmering, complex conflict between Israel and Iran, a defining feature of the Middle East for decades, has violently erupted into a new and perilous phase. Previously characterized by indirect attacks and proxy engagements, the hostilities have dramatically escalated, culminating in Israel’s reported airstrikes on Iranian military targets and its…
Iran will not be participating in the nuclear negotiations with the United States scheduled on Sunday, the country announced on state television on Friday in the wake of Israel’s airstrikes on Iran’s nuclear program and ballistic missile sites this morning.Iran has also launched retaliatory attacks with Israel claiming the country has…
The European Commission announced on Friday that European Union countries would need 241 billion euros ($278 billion) in investments to expand nuclear energy. The Commission also stated that new funding instruments would be necessary to mitigate the substantial financial risks for private investors, according to a Reuters report.Expanding capacity and lifespanThe…
The headlines say the job market is holding steady. But the devil is in the details.Quiet buyouts, strategic tech layoffs, and hiring freezes are sweeping through some of the world’s most profitable companies. The signs are pointing towards a new type of corporate operating model, and artificial intelligence is at the…
Gold prices are on track to reclaim record highs as positive bias continued to support sentiments, experts said. Following widespread Israeli strikes on Iran, escalating geopolitical tensions in the Middle East fueled safe-haven demand, pushing gold prices to nearly a two-month high on Friday.Israel initiated extensive strikes against Iran, targeting nuclear…