Finance news

Huawei CFO Meng’s admissions can be used against company at criminal trial, US judge rules

A top Huawei Technologies executive’s admission that the Chinese telecoms company illegally conducted business in Iran can be used in the coming US trial against Huawei, according to a judge’s ruling filed in Brooklyn federal court on Tuesday. Chief Financial ‌Officer Meng Wanzhou made the admission as part of a 2021 deal to dismiss the criminal charges she faced in the case. In a four-page statement of facts, Meng acknowledged lying to a financial institution about Huawei’s compliance with...

US Fed begins Warsh era with hold on interest rates, may hike later this year

The US Federal ⁠Reserve held interest rates steady on Wednesday, but policymakers expect a hike in borrowing costs later this year amid growing concerns about inflation lodged above the US central bank’s 2 per cent target. New quarterly projections showed nine Fed officials now anticipate a hike in rates by the end of 2026, and an updated policy statement removed language that had been used to flag the likelihood of further reductions in borrowing costs this year. Indeed, the statement, in an...

US Federal Reserve: Kevin Warsh delivers the first surprises

The new Fed chief starts out as a hawk: The US central bank is prioritizing the fight against inflation over cutting interest rates. At the same time, Kevin Warsh announces fundamental reforms.

◇ unclassifiedmiddle-east · usa · iran

Crude Stabilizes After Sharp Selloff

Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.

◇ unclassifiedgermany · europe · russia

+++ Ukraine War +++: Trump is considering reintroducing sanctions against Russia

G7 want to increase pressure on Russia with new sanctions +++ Relaxation of US oil sanctions against Russia expired +++ Dead in Russian attacks in Ukraine +++ The news blog.

US economy: US Federal Reserve leaves key interest rate unchanged – Warsh surprised

For the fourth time this year, the US key interest rate remains unchanged. The real surprise comes from the new Fed chairman Warsh.

Wall Street: US stock markets fall into the red after the Fed's interest rate decision

Good retail sales failed to support the markets. The first interest rate decision under Fed Chairman Warsh and his outlook caused disappointment - SpaceX was in the red for the first time.

Monetary policy: US Federal Reserve Bank initiates a change of course – investors react with uncertainty

Under new leadership, the Fed is pivoting and hinting at a rate hike. Stocks, bonds and exchange rates react significantly. This is also due to Kevin Warsh's unusual approach.

◇ unclassifiedmiddle-east · russia · usa

How the Oil Sands Became the Lowest-Cost North American Producer

After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable. Thus, the majors redirected capital to cheaper oil production, favoring US shale for its quicker drilling time and returns. They may end up regretting that decision. According to a recent report, via the Canadian Energy Centr

Trump shows no regret over Iran war deaths of 3 Indian sailors in Modi meeting

US President Donald Trump and Indian Prime Minister Narendra Modi on Wednesday attempted to defuse escalating tensions over the recent killing of three Indian sailors by American naval forces off the coast of Oman. Speaking to the media after their first bilateral meeting in 16 months, Trump said both Washington and New Delhi continue to “work together” on the issue, calling commercial vessel operations “a rough profession”. “I heard about that,” Trump added, without offering any condolences or.

Warsh ignores Trump: US Federal Reserve leaves key interest rate unchanged

The Fed is leaving the US key interest rate at 3.5 to 3.75 percent. This is likely to particularly annoy US President Trump, who had hoped for something different with the entry of his candidate Kevin Warsh.

Monetary policy: The US Federal Reserve leaves the key interest rate range at 3.5 to 3.75 percent

The new Fed chief Kevin Warsh will lead an interest rate decision for the first time after being nominated by US President Donald Trump. The 56-year-old is under pressure from two sides.

◇ unclassifiedmiddle-east · russia · usa

Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley

The Kazakh government has inked a $10 billion deal with US chip-making giant Nvidia and an Armenian-American cloud company to develop a 'Data Center Valley' in the country’s northern Pavlodar region. The deal is seen as anchoring a broader effort to turn Kazakhstan into a global digital hub. Kazakhstan recently adopted a development strategy called “Digital Qazaqstan“ to guide the country’s transformation into a cognitive economy through 2029. “Digital Qazaqstan represents a fundamental transiti

◇ unclassifiedgermany · europe · iran

Iran War: Trump: Iran deal could be signed tomorrow

The signing of the framework agreement with Iran was originally scheduled for Friday. Now US President Trump is bringing a new schedule into play.

Trump sells still-secret Iran deal as lasting peace

US President Donald Trump sought on Wednesday to frame his vague arrangement aimed at ending a questionable war as a major win that would bring the conflict to a close, reopen the strategic Strait of Hormuz and prevent Iran from “ever” obtaining a nuclear weapon. “On Sunday, we reached an agreement with Iran that achieves everything we set out to accomplish, everything and much more,” the US president said at a press conference in France on the sidelines of the Group of 7 economies. “When I say.

Digital sovereignty: Europe is looking for Palantir alternatives

The American AI ban shows Europe's US dependence on IT. France responds and replaces Palantir in intelligence. In Germany, the software is also becoming a question of sovereignty.

◇ unclassifiedusa · europe

Congress seeks to limit US Navy vessels built in foreign shipyards

The Senate Armed Services Committee seeks to strip the waiver authority granted to the president to approve offshore ship construction.

Markets: Car stocks slow Dax ahead of US interest rate decision

Before the US Federal Reserve's first interest rate decision under new leadership, investors held back on the stock markets.

Comment: Trump is the boss – but no longer without restrictions

At the G7 summit there were moments of shame, such as the Chancellor handing over the jersey to the US President. If it helps, it has to be done. Because there are great opportunities for Europe.

Glyphosate dispute: Bayer relieved: Judge sends US collective settlement back to federal state

A US court decision raised hopes among Bayer shareholders that lawsuits related to the weedkiller Roundup would be settled. What's behind it.

◇ unclassifiedchina · asia · europe

Europe rallies around tough new China strategy ahead of key summit

From free marketeers to long-term interventionists, EU countries of all stripes are converging on the need for urgent action to prevent a Chinese-driven European deindustrialisation ahead of a key summit in Brussels, multiple sources said on Wednesday. A broad coalition of members now support the development of a tough new trade strategy that could involve multiple new instruments and a more rapid-fire, strategic use of existing weapons. One of the tools could be modelled on US President Donald.

Top meeting in Évian: Ukraine, raw materials, AI - G7 are working closely together again

Expectations before the G7 summit in the picturesque health resort of Évian were rather poor. It is all the more surprising that the group actually finds a common language with US President Trump.

Markets Insight: Boom on credit: securities loans in the USA are reaching a dangerous level

US investors are speculating with more borrowed money than ever before. This is still driving the stock boom. But new data is reminiscent of the financial crisis and the dot-com bubble, warns Michael Maisch.

25d06/17⚠ coups-regime · 2/5

G7 summit: A mild Donald Trump and demonstrative unity: Évian is Macron's last coup

While he is a number in domestic politics, French head of state Macron shines on the international stage. He portrays himself as a host who can tame US President Trump.

◇ unclassifiedusa · europe · israel

Aselsan lands $900M deal to help Turkey build Steel Dome air defense systems

Steel Dome, or Celik Kubbe, is a Turkish layered air defense project akin to the US Golden Dome effort, or Israel’s various layered systems.

Iranians find little cause for celebration in US peace deal: ‘99% in survival mode’

When Iran’s ⁠Foreign Minister Abbas Araqchi announced the interim deal this week to end the ⁠war with the United States, he declared his country the victor. To many Iranians, it does not feel that way. More than three months of US and Israeli air strikes, and a blockade of Iranian ports, have poured new misery on a people already toiling under years of sanctions. Although the war is over – for now – Iranians are still watching their spending carefully. Few of the supporters and opponents of the.

Handelsblatt Live: US stock market expert Dewayne: Wall Street is excited about the new Fed chief's first interest rate decision

On Wednesday, the US Federal Reserve will make its first interest rate decision under new director Kevin Warsh. “The market is wondering whether Warsh is providing new direction or potentially taking it away,” reports Patrick Dewayne.

◇ unclassifiedgermany · europe · uk

Ukraine war: G7 states pledge further support to Kyiv

The G7 countries said in a joint statement on Wednesday that they stand “united and unwavering” behind Ukraine and its territorial integrity. US President Trump also supported this declaration.

As the Iran war comes to a close, is the US pulling warships back to the west Pacific?

The US Navy has redeployed an amphibious strike group originally bound for the Middle East to the South China Sea, a move experts say may signal Washington shifting its focus back to the Pacific region after months of distractions from the Iran war. The United States began turning its military attention to the Middle East early this year, moving global military assets, including those in the Pacific, nearer to Iran. Among those assets was the USS Tripoli group, which is based in Sasebo, Japan,..