A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty Images China cut its key lending rates by 10 basis points on Tuesday, as Beijing ramps up efforts to boost its…
Johann Wadephul (CDU), Federal Foreign Minister, makes a statement during an informal meeting of NATO foreign ministers. Sebastian Gollnow/picture alliance via Getty Images Germany is backing U.S. President Donald Trump’s call to increase the defense spending target of NATO members to 5% of their individual gross domestic product, German Foreign Minister Johann Wadephul said Thursday….
A Puma sportswear store in central London on May 1, 2025. Bloomberg | Getty Images Household brands including Pandora, Puma and Hugo Boss all said this week that they are evaluating their pricing strategies in the U.S. and beyond in the event that President Donald Trump’s most punitive levies come into effect. Some others, meanwhile,…
The “Wegovy” brand slimming syringe is sold in the Achat pharmacy in Mitte. The “Wegovy” slimming syringe has been available in Germany for a year. Jens Kalaene | Picture Alliance | Getty Images Novo Nordisk on Tuesday said it will offer its weight loss drug Wegovy through telehealth providers Hims & Hers Health, Ro and…
Federal Reserve Governor Christopher Waller speaks during The Clearing House Annual Conference in New York City, U.S. November 12, 2024. Brendan Mcdermid | Reuters Federal Reserve Governor Christopher Waller said Monday he expects the impacts of President Donald Trump’s tariffs on prices to be “transitory,” embracing a term that got the central bank in trouble…
The flags of the European Union (L) and China stand side by side at the Chancellery on June 20, 2023 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images China and the European Union are unlikely to become close allies quickly, analysts say, even as U.S. President Donald Trump’s tariffs sour relations…
In this pool photograph distributed by the Russian state agency Sputnik, Russia’s President Vladimir Putin attends a video-linked ceremony to launch the Project 885M Yasen-M nuclear-powered submarine Perm, in the Arctic Circle port city of Murmansk on March 27, 2025. Sergei Karpukhin | Afp | Getty Images Russian President Vladimir Putin warned it would be…
The White House’s protectionist policies could hit the U.S. harder than Europe in the short term, Banco Santander‘s executive chair told CNBC on Thursday, as tariffs take a toll on domestic consumers. “Tariffs [are] a tax. It’s a tax on the consumer.” Ana Botín said in an interview with CNBC’s Karen Tso in Brussels on…
Energy Secretary Chris Wright said Thursday that the oil market is discounting President Donald Trump’s push to produce more crude and gas in the United States. “We’ve seen a market discounting the fact that clearly it’s going to be easier to produce oil and gas in the United States,” Wright told CNBC’s “Squawk Box.” “More…
Ukrainian army soldiers of the 22nd brigade during tank training as Russia-Ukraine war continues in Donetsk Oblast, Ukraine on October 29, 2023. Diego Herrera Carcedo | Anadolu Agency | Getty Images The European Union has plans to step up its defense spending in a big way — but some leaders want it to go even…
