Euro down after ECB rate hike
The euro fell after the European Central Bank hiked interest rates and warned that inflation is still too high. The bank expects inflation to slow to 2.1% only in 2025.…
US inflation rises to 3.7%, exceeding expectations
US inflation rose 3.7% year-on-year in August, exceeding forecasts, as petrol prices rose. On a monthly basis, the headline rate of consumer prices increased 0.6%. The US Federal Reserve’s next…
EU may impose tariffs on Chinese electric cars that are too ‘cheap’, says von der Leyen
The European Commission launched an investigation on Wednesday to assess whether the EU needs to impose tariffs to protect European consumers from cheap Chinese electric vehicle producers. “Global markets are…
Binance US CEO resigns as one-third of staff is laid off
Binance US CEO Brian Schroder has left the crypto trading platform and been replaced on an interim basis by Chief Legal Officer Norman Reed, a company spokesperson said. The departure…
