Large Banks Could Easily Weather a Massive Recession, Fed’s Annual Stress Test Finds
Key Takeaways The Federal Reserve’s annual stress test found that large banks would remain resilient during an extreme…
UK car production fell to 76-year low for May as US tariffs hit exports
The drop in exports to the US came after the Trump administration announced new 25% tariffs on cars…
Trump tariffs: Nike pledges to cut reliance on Chinese factories
Shares in Nike jumped by more than 10% in extended trading after it forecast a smaller drop in…
Inflation At 2.7% In May—Prices Still Under Pressure
Topline Inflation inched up more than expected last month, according to Commerce Department data released Friday morning, as…
Why more Germans can’t afford life on their wages – DW – 06/27/2025
Chancellor Friedrich Merz took to the Bundestag lectern this week to deliver — in his characteristically forthright manner…
New study suggests North Sea could cover half UK’s oil needs
According to a new independent study, up to 7.5bn barrels of oil and gas could yet be produced…
Department stores’ tax-free sales drop as tourists’ shopping patterns change
Tax-free sales at department stores nationwide are plunging due in part to a change in the shopping patterns…
Turkey’s economic woes catch up with Erdoğan – Financial Times
Turkey’s economic woes catch up with Erdoğan Financial Times Turkish Lira Extends Steady Depreciation TradingView Could years of economic hardship…
Humiliation for Donald Trump as US trade deficit increases to £70bn | UK | News
A drop in exports pushed the U.S. trade gap as appetite for US goods slowed amid US President…
Foreign debt climbs: India’s external debt rises 10% to $736.3 billion in FY25; debt-to-GDP edges up to 19.1%
India’s external debt rose 10% to $736.3 billion at the end of March 2025 from $668.8 billion a…