Bank of England Governor Andrew Bailey attends the central bank’s Monetary Policy Report press conference at the Bank of England, in the City of London, on May 8, 2025. Carlos Jasso | Afp | Getty Images Bank of England Governor Andrew Bailey told CNBC on Thursday that the U.K. was heading for more economic uncertainty,…
President Trump said Wednesday that he would not lower high tariffs on goods from China ahead of talks this weekend between U.S. and Chinese officials, despite requests from Beijing to do so. Asked by reporters in the Oval Office if he would reduce tariffs on Chinese exports — which are now at a minimum of…
Mark Carney has told Donald Trump that Canada “is not for sale” as the president raised the prospect of the country becoming the 51st US state while welcoming the prime minister to the White House. Carney won election last month promising to “stand up” to Trump, who has imposed tariffs on some Canadian products and…
Canadian Prime Minister Mark Carney told President Donald Trump on Tuesday that his country will never be for sale, shutting down the U.S. president’s repeated calls to make Canada the 51st state. “There are some places that are never for sale,” Carney said in the Oval Office. Canada is “not for sale” and “won’t be…
Representative Alexandria Ocasio-Cortez of New York said on Monday that she would not pursue becoming the top Democrat on the House Oversight Committee, citing her party’s emphasis on seniority as an obstacle. “It’s actually clear to me that the underlying dynamics in the caucus have not shifted with respect to seniority as much as I…
Gov. Brian Kemp of Georgia has decided against running for Senate in 2026, robbing Republicans of their top potential recruit against Senator Jon Ossoff, who is seen as the chamber’s most vulnerable Democrat on the ballot next year. Mr. Kemp is a popular two-term governor who won re-election in 2022 despite a primary challenge fueled…
Leading analyst Craig Moffett suggests any plans to move U.S. iPhone assembly to India is unrealistic. Moffett, ranked as a top analyst multiple times by Institutional Investor, sent a memo to clients on Friday after the Financial Times reported Apple was aiming to shift production toward India from China by the end of next year….
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…
Pedestrians walk outside a Banca Monte dei Paschi di Siena SpA bank branch in Milan, Italy. Alessia Pierdomenico | Getty Images Siena, ITALY — Monte dei Paschi di Siena is holding firm on its plans to acquire Mediobanca for 13 billion euros ($14.3 billion) despite ongoing market turbulence, telling CNBC it will complete the deal…
Uncertainty surrounding upcoming U.S. tariffs has weighed on global markets over the last month — but President Donald Trump’s highly-anticipated Wednesday announcement may not end the turmoil, analysts say. Trump is expected to flesh out many unknowns in an address on Wednesday at 4 p.m. ET (9 p.m. BST), including exactly which countries and sectors…
