The United States will not renew waivers that allowed limited purchases of Iranian and Russian oil without triggering sanctions, US Treasury Secretary Scott Bessent said on Wednesday.“We will not be renewing the general license on Russian oil, and we will not be renewing the general license on Iranian oil. That…
China’s economy grew 5% in the first quarter, slightly ahead of expectations, offering Beijing some relief as policymakers assess the possible fallout from conflict in the Middle East. The headline number suggests activity has stabilised after a weak finish to last year, but a closer look at the data shows…
There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening.The numbers don’t lie, but they don’t tell the whole story eitherThe DXY index sits at roughly 98 as of…
The Office for National Statistics said the British economy expanded more than expected in February, offering a brief boost to growth before rising energy prices and geopolitical tensions cloud the outlook.Gross domestic product grew by 0.5% in February, significantly above economists’ expectations of a 0.1% increase. The reading marked the…
US President Donald Trump on Wednesday warned that he may move to remove Federal Reserve Chair Jerome Powell from his position on the central bank’s Board of Governors if Powell does not step down after his term as Fed chief ends on May 15.The remarks signal an escalation in an…
Chinese stocks continued their uptrend on Wednesday after an encouraging GDP report by a top statistics agency. The Shanghai Composite Index jumped to CNY 4,637 its highest level since March 18, while the Hang Seng soared to HKD 26,185. The two have jumped by nearly 10% from the lowest level…
European companies are expected to report resilient first-quarter earnings despite escalating tensions in the Middle East, though investors caution that these results may conceal growing risks tied to higher energy prices, supply chain disruptions, and weakening economic growth.Market sentiment has been shaken by the intensifying conflict involving the United States,…
Czech defence group CSG has secured a nearly €300 million ($353.97 million) contract to supply artillery ammunition to a European customer, underscoring the sharp rise in global military demand.The latest agreement comes months after the company disclosed a separate deal in February to deliver large-calibre ammunition worth hundreds of millions…
There are more articles about dollar dominance right now than there are buyers of it. Everyone has a take. Most of them are either panicking or dismissing. Here’s what’s actually happening.The numbers don’t lie, but they don’t tell the whole story eitherThe DXY index sits at roughly 98 as of…
Tilray Brands stock price has moved sideways in the past few weeks as momentum in the cannabis industry waned. It was trading at $6.90, down by over 70% from its highest level last year. Still, technical analysis suggests that the TLRY stock may be on the cusp of a rebound.Tilray…