Business

The copper price surged toward an all-time high on concerns of potential Trump tariffs, alongside China’s stimulus measures. A weak US dollar may have also added to its rally. ADVERTISEMENT Copper is one of the best market performers this year, up 27% amid Trump’s tariff concerns and China’s further stimulus measures mapped out last week. Copper futures prices at COMEX …

The music recording industry is seeing growth that ‘many other sectors would be incredibly envious of’, but what’s driving it? ADVERTISEMENT 2024 was quite the year for women in music: Taylor Swift’s Eras Tour became the highest grossing tour in history, Beyoncé became the most Grammy nominated artist ever (99) and the top 3 albums of the year globally were …

DP World has appointed Portugese construction firm Mota-Engil to lead the development of the Banana Port, the Democratic Republic of Congo’s (DRC) first deep-water maritime gateway. ADVERTISEMENT Located in a coastal town in Kongo Central province, the port is expected to strengthen regional trade networks and reduce the DRC’s dependence on foreign ports for global commerce. As one of Africa’s …

The Bank of England kept rates steady at 4.5% on Thursday, as inflation remains sticky and global uncertainty ratchets up. ADVERTISEMENT European markets opened downbeat on Friday morning as they digested interest rate decisions from the US Federal Reserve, the Bank of England, Sweden’s Riksbank and the Swiss National Bank.  Britain’s FTSE 100 opened 0.2% lower on Friday morning, mainly …

“Europe appears to be a safe harbour for investors who look for predictability,” the CEO of pan-European stock exchange Euronext said to Euronews Business. ADVERTISEMENT European stock markets have seen US investments flocking to this side of the Atlantic in the last three months, partially due to the “uncertainty and volatility around decisions taken in the US,” CEO of Euronext Stéphane …

The central bank’s decision comes amid rising uncertainty over the UK’s economic growth, especially as US tariff threats loom. ADVERTISEMENT The Bank of England kept its main interest rate unchanged at 4.5% on Thursday, despite the fact that the economy is barely growing. Policymakers are also contending with increased uncertainty, particularly in light of tariff policies enacted by the Trump …

A trade war could push up eurozone inflation by half a percentage point alone with detrimental effects on growth, ECB’s Lagarde warns. The ECB president said rising trade tensions and a weaker euro could complicate monetary policy. ADVERTISEMENT Trade uncertainty poses a significant threat to eurozone growth and inflation, with tariff-driven price pressures expected to intensify, European Central Bank President …

The Federal Reserve kept interest rates unchanged as expected but downgraded its economic outlook, citing slower growth and higher inflation due to Trump’s tariffs. Wall Street staged a relief rally after Fed Chair Jerome Powell downplayed inflation concerns. ADVERTISEMENT The Federal Open Market Committee (FOMC) voted on Wednesday to keep the benchmark interest rate unchanged at between 4.25% and 4.5%, …

Swiss National Bank continued to lower interest rates in March, while highlighting that external geopolitical risks could still be a threat to the Swiss economy and exports. ADVERTISEMENT The Swiss National Bank (SNB) slashed its benchmark interest rate by 25 basis points to 0.25% on Thursday. The cut was in line with market expectations, amid ongoing economic uncertainty and low …

Eurozone inflation eased to 2.3% in February, with core inflation at 2.6%, its lowest since January 2022. France had the lowest rate (0.9%), Hungary the highest (5.7%). The euro slipped ahead of Wednesday’s Fed meeting. ADVERTISEMENT Price pressures across the eurozone were revised lower in February, reinforcing expectations that inflation is steadily returning towards the European Central Bank’s 2% target. …