Tag: economic policy
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Ferrari reveals features of first fully electric vehicle, but its financial outlook mars the debut
Italian luxury sports carmaker Ferrari raised its 2025 guidance in the face of global 15% tariffs on foreign car imports to the United States as the company unveiled the new powertrain and chassis of its first fully electric production vehicle
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World shares are mixed after Trump says he will impose new tariffs on drugs and other goods
World shares are mixed after President Donald Trump announced plans for new tariffs including 100% import taxes on pharmaceutical drugs, starting on Oct. 1
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Global shares mostly rise after Wall Street sets new records
Global shares are trading mostly higher as investor anticipation grew that the Federal Reserve will announce the first cut of the year on its main interest rate
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China sets an economic growth target of around 5% but acknowledges it will not be easy to achieve
Premier Li Qiang says China aims to achieve 5% economic growth this year but acknowledges it will be a challenging goal in difficult times
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Algeria’s black market for foreign currency underlines its economic woes
In Algeria, people have long relied on foreign currencies to buy imported items in short supply or finance their children’s educations abroad
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US eases restrictions on Wells Fargo after years of strict oversight following scandal
The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals
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Mexico overtakes China as the leading source of goods imported by US
For the first time in more than two decades, Mexico last year surpassed China as the leading source of goods imported by the United States
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China, US hold economic talks as trade issues heat up on the campaign trail
Chinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election