US president intends to impose penalties on trading partners as soon as this weekend
Also in today’s newsletter, OpenAI’s massive new funding round, and India’s Narendra Modi faces tough budget challenge
Bullion surpasses October peak as traders stockpile in New York
GDP figure published before European Central Bank cut its benchmark rate to lowest level since early 2023
Move comes after Fed keeps borrowing costs on hold
Figure comes after Fed chair Jay Powell said there was no hurry to cut interest rates
Inflationary pressures are beginning to wane but not all central banks have taken action yet. See how this affects you
Also in today’s newsletter, SoftBank in talks to invest up to $25bn in OpenAI, and London’s gold shortage
Advocates say reopening pipelines could help settlement with Moscow and cut energy costs
US central bank holds rates steady as it resists Donald Trump’s calls to cut borrowing costs
Customers face the biggest annual increase since utilities were privatised 36 years ago
The corporate and political winds appear to be blowing increasingly in that direction
US president had called on the central bank to sharply reduce borrowing costs
Also in today’s newsletter, OpenAI accuses DeepSeek of potential copyright breech and a new demography series begins
The IMF’s exceptional access policy is not working
Economists warn that political meddling in monetary policy ‘can often go very badly’
Entities loaned billions to create mining and processing supply chain, report shows
Tariff threat spurs Mexico to fill in smuggling tunnel and Canada to deploy helicopters and drones
Former Labour minister recently received approval despite Republican concerns about business ties to China
US shift from soft to hard power towards allies such as Colombia may backfire
They don’t make much sense and don’t seem to matter much anyway
Also in today’s newsletter, Treasury secretary Scott Bessent pushes for universal tariffs and Nato’s silence over Greenland threat
US president says Narendra Modi is expected to visit White House next month
Dim sum are called momos now
Economists warn the wallets of the US working class could be hit by the new administration’s priorities
