Finance & Economics - page 9

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Jerome Powell Tells Congress Fed Still in No Rush to Cut Rates

Federal Reserve Chairman Jerome Powell stated that the central bank of the United States holds the view that there is currently no reason for it to rush into making decisions on adjusting interest rates.

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Donald Trump Raises Tariffs on Aluminum and Steel Imports

President of the United States Donald Trump has ordered to impose a 25% tariffs on steel and aluminum imports, which means stepping up his efforts to protect those US industries that are of particular importance in the context of the economic aspect of the country’s existence and at the same time are essential from a […]

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Amazon Reports Earnings

Amazon, the e-commerce giant that became one of the largest players in the global technology sector over time, on Thursday, February 6, published information on the financial performance of its activities for the fourth quarter of last year.

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Bank of England Cuts Interest Rates

Bank of England officials on Thursday, February 6, decided to cut interest rates to a 19-month low.

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Bank of England Reportedly to Resume Rate Cuts

Currently, it is becoming increasingly widely believed that this week the Bank of England will decide on a new interest rates cut.

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UBS Reports Earnings

The value of UBS shares turned out to be on a downward trajectory after this lender published its results for the fourth quarter of 2024 and disappointing $3 billion share buyback plans.

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China Unveils Series of Retaliatory Measures Against US

China on Tuesday, February 4, announced a broad package of economic measures against the United States as part of retaliatory actions, which were decided by Beijing after US President Donald Trump imposed 10% tariffs on goods imported from the Asian country.

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Donald Trump Announces Pause on US Tariffs on Canada

President of the United States Donald Trump is pausing the imposition of planned tariffs on goods imported from Canada.

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Donald Trump Delays Mexico Tariffs

President of the United States Donald Trump on Monday, February 3, announced his agreement to immediately pause tariffs on goods imported from Mexico, after, according to him, a very friendly conversation with the president of the mentioned country, Claudia Sheinbaum.

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Donald Trump Vows Tariffs to Hit Saturday

President of the United States Donald Trump said on Friday, January 31, that he would impose tariffs on a wide range of imported goods, including oil and metals, in the coming months.

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Walmart Canada Plans to Build Dozens of Stores

Walmart Canada announced last Thursday, January 30, that over the next five years, it will build dozens of new stores and sell its fleet business.

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US Inflation Rises

Last month, there was a rise in prices in the United States.

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ECB Cuts Interest Rates

The European Central Bank on Thursday, January 30, decided on another interest rates cut, which was the fifth since June.

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Euro-Area Fails to Grow

At the end of 2024, the process of implementing a stagnation scenario suddenly began in the eurozone economic system.

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German Economy Shrinks

The German economic system continues to face difficulties, and the dynamic of growth is not a reality for it, as evidenced by the fact that in the fourth quarter of 2024, the gross domestic product (GDP) of this country decreased by 0.2% compared to the previous three-month period of last year.

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US Economy Slows

In the last three months of 2024, the upward dynamic of the United States economic system began to show a slowdown, but still, growth in this case was a steady process, and not a kind of symbolic alternation of ups and downs, forming a situation of sharp manifestations of multidirectional phenomena.

Finance & Economics