Family photo of leaders taken at the 16th BRICS Summit in Kazan, Russia on Oct. 24, 2024. Anadolu | Anadolu | Getty Images President-elect Donald Trump has pledged a 100% tariff against BRICS nations if they continue to undermine the U.S. dollar — but the threat won’t rein in the group’s expansion, analysts tell CNBC. … Read more
The Royal Exchange and the Bank of England. SOPA Images / Contributor / Getty Images The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, with the reading fueling expectations that the Bank of England will proceed with an interest rate cut next … Read more
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. … Read more
The Eccles Building, location of the Board of Governors of the Federal Reserve System and of the Federal Open Market Committee. Brooks Kraft | Getty Images A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs for consumers and businesses around the world. Bond yields … Read more
In one suit, multiple witnesses are cited as having seen a fire at the base of a transmission tower owned by the utility. Southern California Edison, a unit of utility Edison International, has been hit with multiple lawsuits claiming its electrical equipment started one of the major wildfires raging in the Los Angeles area, according to … Read more
Former Trump adviser tells Italian newspaper that Tesla CEO intends to implement ‘techno-feudalism on a global scale’. United States President-elect Donald Trump’s former adviser Steve Bannon has promised to have Elon Musk “run out” of the White House, in the latest escalation of tensions within the MAGA (Make America Great Again) populist movement. In an … Read more
Job growth was much stronger than expected in December, possibly providing the Federal Reserve less incentive to cut interest rates this year. Nonfarm payrolls surged by 256,000 for the month, up from 212,000 in November and above the 155,000 forecast from the Dow Jones consensus, the Bureau of Labor Statistics reported Friday. The unemployment rate … Read more
Singapore has the world’s most powerful passport, according to the 2025 Henley Passport Index. The nation-state was one of six countries which tied for the top spot in 2024 in the list produced by the migration consultancy Henley & Partners, which ranks passports by the number of destinations that holders can access without needing a … Read more
The aviation industry is bracing for another year of difficulties, as delivery delays at Boeing and supply chain problems are set to continue into 2025, say aviation consultants. Sunday marked one year since a door panel blew off a Boeing 737 Max 9 operated by Alaska Airlines, an event that reignited a firestorm of questions … Read more
A man rides bicycle on a snow-covered street after snowfall in Frankfurt am Main, western Germany, on December 29, 2024. Kirill Kudryavtsev | Afp | Getty Images Annual inflation in the euro zone rose for a third straight month to reach 2.4% in December, statistics agency Eurostat said Tuesday. The preliminary reading was in line … Read more