Markets, trade, and economic policy worldwide
U.S. President Donald Trump plans to raise tariffs on cars imported from the European Union to 25%, Sky News reports.
Spirit is laying the groundwork to shutter its operations as it runs increasingly low on cash.
President Trump announced he will increase tariffs on European Union cars and trucks to 25%.
President Donald Trump stated that vehicles manufactured in U.S. plants will be exempt from tariffs.
Trump says he will increase tariffs on European Union cars and trucks entering the United States.
President Donald Trump announced that tariffs will be increased to 25%.
The Trump Administration is advancing tariffs that are based on forced labor laws, as reported by The New York Times.
A key US Federal Reserve official warned Friday that a series of interest rate hikes could be needed if price shocks from the Middle East war are larger than expected, fueling inflation.
UK exports to the United States have declined by 25% following the implementation of new tariffs by the Trump administration.
The United Auto Workers union plans to hold a strike authorization vote next week at a Stellantis NV pickup truck plant in suburban Detroit as it seeks to escalate grievances over alleged outsourced work.
Spirit Airlines is preparing to shut down operations, according to a report from the Wall Street Journal.
Spirit Airlines is preparing to shut down, according to the Wall Street Journal.
Spirit Airlines is preparing to cease operations after a $500 million rescue package failed to secure bondholder and government support.
Apple reported stellar results. That could boost the shares of these suppliers.
The EU-Mercosur trade agreement enters into force today, 1 May, allowing businesses and citizens to benefit immediately, Costa said during a video call.
Pierre-Olivier Gourinchas is stepping down as Economic Counsellor and Director of the Research Department at the International Monetary Fund.
The US oil benchmark West Texas Intermediate (WTI) has declined by 5% following a proposal from Iran to initiate new diplomatic talks with the United States.
Venezuela's oil exports increased to 1.23 million barrels per day in April, according to shipping data.
Dallas Federal Reserve President Lorie Logan dissented at the latest FOMC meeting, warning against guidance that implies imminent rate cuts and stating the next move could still be a hike or a cut due to high uncertainty.
China has officially extended zero-tariff access to 53 African countries with diplomatic ties, effective May 1, 2026, as part of a new economic cooperation policy.
UN Secretary-General Antonio Guterres warned that a prolonged closure of the Strait of Hormuz could push 32 million people into poverty and 45 million into extreme hunger due to fertilizer supply disruptions. Guterres stated that continued disruptions through the end of the year could drive inflation above 6% and trigger a global recession.
Tether Holdings purchased over six tons of gold for its reserves in the first three months of 2026, extending a buying streak that makes it the largest known holder of bullion globally outside of banks and nation-states.
The Bank of England's chief economist stated that the central bank should increase interest rates more urgently due to slowing progress in reducing inflation amid the ongoing conflict in Iran.
Nigeria-focused payments platform Opay Digital Services is working with Citigroup, Deutsche Bank, and JPMorgan as it prepares for an initial public offering, according to people with knowledge of the matter.
Longtime Nike executive Heidi O’Neill is set to take over in September, a move that has reportedly drawn dissatisfaction from investors.
Two Federal Reserve officials dissented from this week's policy statement, arguing that signaling future interest-rate cuts is no longer appropriate.
Minneapolis Federal Reserve Bank President Neel Kashkari wrote that heightened inflation risks from the Iran war led him to object to the Fed policy statement.
Minneapolis Fed President Neel Kashkari dissented at the latest FOMC meeting, warning that a prolonged oil supply disruption in the Strait of Hormuz could force the central bank to raise interest rates.
Federal Reserve official Hammack stated the economy has been resilient so far in 2026, but sees upside inflation risk and downside job market risk. She noted uncertainty around the economy and the policy path has risen.
The U.S. Treasury Department is implementing new measures to restrict Iran's access to funding through oil exports, banking channels, and digital currencies.