China pushed back against US President Donald Trump’s criticism of its wind power record at the World Economic Forum in Davos, Switzerland, reiterating its commitment to advancing the global shift toward low-carbon energy.Guo Jiakun, a spokesperson for the Chinese foreign ministry, said at a regular press conference on Thursday that…
Ubisoft Entertainment shares suffered their worst day on record on Thursday after the French video game publisher unveiled a sweeping reorganisation, studio closures, and the cancellation of six games, deepening concerns over its financial trajectory.Shares of the “Assassin’s Creed” maker fell as much as 33% in delayed trading, leading losses…
US President Donald Trump made an impassioned speech at the World Economic Forum in Davos to press for “immediate negotiation” over the acquisition of Greenland by the United States, but assured he would not use force to secure the territory.Speaking for more than an hour in a session originally scheduled…
A long-negotiated trade deal between the United States and the European Union has been put on indefinite hold after the European Parliament moved to freeze the ratification process in response to President Donald Trump’s escalating threats to seize Greenland.The European Parliament’s trade committee decided on Wednesday to postpone the ratification…
TotalEnergies CEO Patrick Pouyanne predicted a potential backtrack by the European Union on its sustainable aviation fuel (SAF) mandate on Wednesday, suggesting the bloc might dilute the requirement in a move mirroring its recent decision to abandon the proposed 2035 ban on new combustion-engine cars.The European Union has taken a…
Markets and geopolitics collided on Wednesday as European assets struggled to find direction.The FTSE 100 stalled despite pockets of strong earnings, while intensifying trade tensions linked to President Donald Trump and Greenland rattled banks and industrials.Sticky UK inflation further clouded the Bank of England policy outlook, even as dealmaking, trade…
Wednesday came with a a fast-spreading shockwave across geopolitics, markets, and human rights. Donald Trump ignited transatlantic tensions by declaring the US Greenland’s sole guardian, triggering EU retaliation. At Davos, Jamie Dimon torched a proposed credit-card rate cap as economically ruinous. Meanwhile, Amnesty International detailed Iran’s lethal crackdown on bystanders,…
Wall Street staged a sharp midday rebound on Wednesday as President Donald Trump told the World Economic Forum he would not use military force to acquire Greenland.The remarks eased the most acute worry roiling markets since his tariff threats sparked the week’s heaviest selloff on Tuesday.The Dow Jones Industrial Average…
US President Donald Trump announced Wednesday that after talks with NATO Secretary-General Mark Rutte, the US and NATO have agreed to form a framework for Arctic cooperation centered on Greenland.In a Truth Social post on Wednesday, Trump mentioned that he will pause the 10% tariffs scheduled to take effect on…
Goldman Sachs has revised its year-end 2026 gold price projection upwards, increasing the forecast to $5,400 per ounce from the previous $4,900/oz. This adjustment is attributed to the ongoing trend of private-sector and emerging market central banks diversifying their reserves into gold.Gold prices on COMEX had hit a fresh record high…