The Bank for International Settlements (BIS) has warned that U.S. President Donald Trump’s trade war and deregulation plans could disrupt financial stability, fuel inflation, and increase market volatility, posing challenges for global central banks.
U.S. President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.
The European Union and the Republic of Moldova today agreed on a two-year comprehensive strategy enhancing energy independence of the country and supporting it to overcome the energy crisis caused after Russia cut off supplies early of January.
The U.S. dollar remained firm on Tuesday as President Donald Trump’s latest tariff threats were seen as a negotiation tactic rather than a definitive policy shift. While planned tariffs on Mexico and Canada were suspended, a new 10% levy on Chinese imports took effect, prompting a swift but measured
Global markets plunged on Monday as Trump’s tariffs on Canada, Mexico, and China rattled investors, fueling fears of a trade war. A last-minute pause on Mexico’s tariffs helped limit losses, while gold hit a record high and U.S. factory activity returned to growth.
The U.S. dollar surged on Monday after President Donald Trump imposed sweeping tariffs on Canada, Mexico, and China, triggering immediate retaliation from trading partners. Global markets reacted sharply, with the euro plunging, the yuan hitting record lows, and Bitcoin falling below $100,000.
The Board of Directors of the European Bank for Reconstruction and Development (EBRD) has approved a new country strategy for Azerbaijan to build a diversified, inclusive and sustainable economy.
European Digital Innovation Hubs (EDIHs) Network, aiming to accelerate digital transformation throughout the European Union, has expanded to Albania, Kosovo, Montenegro, North Macedonia, Serbia, Ukraine and Türkiye
UK car production fell to its lowest level in nearly 70 years in 2024, as the industry struggles with weak demand and transitions to electric vehicles, with further disruptions expected if tariffs are imposed by the U.S.
The World Bank Group has approved a new Country Partnership Framework for Azerbaijan, outlining strategic priorities to support the country's transition to a more competitive and sustainable economy, focusing on productivity, job creation, and climate resilience.
European and Asian shares slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free open-source artificial intelligence model to rival OpenAI's ChatGPT.
European fundings will be directed to upgrading of Ganja’s water infrastructure to improve its residents’ living standards by ensuring better access to clean water while building resilience towards the impact of climate change.
China’s GDP grew 5% in 2024, reaching a record 134.9 trillion yuan ($18.77 trillion). While meeting government targets, growth remains one of the slowest in decades amid economic challenges, trade tensions, and skepticism over official data.
RedNote, a Chinese lifestyle app known as Xiaohongshu, has seen a surge of over 500,000 TikTok users amid U.S. ban concerns. The platform, often called China’s Instagram, is exploring global expansion as it gains unexpected international attention.
Samsung Electronics, the global leader in memory chips, smartphones, and televisions, has released its fourth-quarter operating profit estimate, revealing a significant shortfall compared to analyst expectations. The South Korean tech giant reported an estimated operating profit of 6.5 trillion won.
Electric vehicle manufacturer BYD is under investigation in Brazil after hundreds of Chinese workers were brought into the country on irregular visas to work on a factory construction in Bahia, with many found in "slavery-like conditions," according to labor authorities, Reuters reports.
A coalition of self-driving car companies is urging the U.S. government to accelerate efforts to deploy autonomous vehicles, citing regulatory delays and growing international competition.
China unveils 15 measures to boost its western provinces, focusing on aviation hubs, ports, and rail links to enhance integration and economic development in the region.
BYD surpassed Tesla in fourth-quarter EV deliveries, with a 13.1% sales increase, while Tesla saw a 5% rise.
China plans to strengthen its economy for this year. The country will focus on providing durable goods for consumers and equipment for businesses.
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