Trump to swear in Kevin Warsh as Fed chair on Friday
President Donald Trump is set to swear in Kevin Warsh as the next chair of the Federal Reserve during a White House ceremony on Friday, marking the beginning of a…
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Category: Business
The ‘Thucydides Trap’: why a 2,500-year-old war loomed over the Trump-Xi summit
In 2015, Chinese President Xi Jinping used the term “Thucydides Trap” in Seattle before an audience that included former Secretary of State Henry Kissinger. “There is no such thing as…
Kevin Warsh’s Fed plans face debt market pressure
Incoming Federal Reserve Chair Kevin Warsh could face significant challenges in reducing the US central bank’s role in financial markets as rising federal debt and weakening demand advantages for US…
US industrial production rises 0.7% in april, beats estimates
US industrial production rebounded strongly in April, while retail sales continued to show resilience despite mounting inflationary pressures across the economy. According to data released on Friday by the Federal…
US retail sales increase 0.5% despite inflation pressures
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau,…
US retail sales increase 0.5% despite inflation pressures
US retail sales rose in April, signalling continued resilience in consumer spending even as inflationary pressures intensified across the economy. According to data released Thursday by the US Census Bureau,…
US retail sales show resilience despite cost pressures, ING warns of risks
US retail sales rose 0.5% in April, underscoring resilience in household spending despite higher gasoline prices and weak consumer confidence. ING Economics said the figures highlight the ability of consumers…
Column: All-time highs, hot inflation and a deal that isn’t done yet
At the time of writing, President Trump, along with a clutch of top US corporate executives, is in China. Mr Trump and Chinese President Xi Jinping have already held a…
How Italy’s MPS went from near collapse to bid for revered merchant bank
By Valentina Za, Gianluca Semeraro and Mathieu Rosemain MILAN (Reuters) -Monte dei Paschi (MPS) CEO Luigi Lovaglio has pulled several all-nighters since arriving in Siena in early 2022, when Italy’s…