USA

According to experts, if the US continues to impose tariffs and political differences with Europe remain, America will also have to face drastic results. It will directly affect trade, industry, the economy, and the global supply chain. Donald Trump has imposed a 10% tariff on eight European nations and has threatened to raise it to 25% from June 1 if a deal on Greenland is not finalised. This move by Trump has created a situation of heightened tension between Europe and the United States. The resolve to acquire Greenland has put US President Donald Trump up against NATO member countries after it announced a 10% tariff on goods from eight European countries, effective February 1, in response to their opposition to Trump’s bid to takeover Greenland. The US President has further thre...

The US economy is poised for stronger performance this year than many economists are projecting, according to Goldman Sachs Research. “Our strongest conviction views for 2026 are our above-consensus GDP growth forecast and our below-consensus inflation forecast,” writes David Mericle, chief US economist, in the team’s report. “The outlook for the labor market is more uncertain—we expect it to stabilize but see the possibility of further softening as the key risk for 2026.” What’s the forecast for US economic growth in 2026? US GDP is projected to expand 2.5% in 2026 (fourth quarter, year over year), versus the consensus economist estimate of 2.1%, according to Goldman Sachs Research. On a full-year basis, the economy is forecast to grow 2.8%. The probability of...

President Donald Trump claimed US economy to be 'rocketing' due to the revival of manufacturing, he justified his non-enforcement of electric vehicle regulations and even predicted increased use of robotics in dealing with labor shortages. Auto sector expansion cited as key growth driver During the interview, Trump indicated that the expansion of production in all major automobile companies was the reason for economic strength, ANI citing tom a forein media said. Trump stated, “If you went around this plant, like I have, they just announced they’re going to 24 hours. This is a Ford plant, but GM’s the same, Stellantis is the same.” Unprecedented pace of factory expansion nationwide The president pointed out that there were all over-the-clock working factories in the US,...

In speech, president delivers triumph assessment, claiming US prices are down despite official data showing otherwise Donald Trump claimed victory on the economy after 12 months back in office on Tuesday, declaring it to be the “greatest first year in history” as many Americans express alarm over the cost of living. In a stream-of-consciousness speech at the Detroit Economic Club, the US president delivered his gold-tinted view of how the economy has fared on his watch. Prices were down, he claimed, despite official data showing otherwise, and productivity was “smashing expectations”. Even as he touted achievements during the first year of his second term, Trump has started to acknowledge concerns over affordability across the US, with November’s midterm elections creeping cl...

Norwegian energy group Equinor said on Friday it had filed a civil suit in the U.S. District Court for the District of Columbia challenging a U.S. Department of the Interior order to suspend its Empire Wind project. "As part of that case, Empire plans to seek a preliminary injunction and allow construction to continue while the litigation proceeds," Equinor added. Last week, the Trump administration suspended leases for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging. The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their multi-billion-dollar projects under U.S. President Donald Trump, w...

The US’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline for the country and isolate the government of President Nicolás Maduro. The US’s pursuit of a third oil tanker off the coast of Venezuela has intensified a blockade that the Trump administration hopes will cut off a vital economic lifeline for the country and isolate the government of President Nicolás Maduro. The US Coast Guard chased the US-sanctioned Bella 1 on Sunday as it was en route to Venezuela. It boarded Centuries, a ship owned by a Hong Kong-based entity, on Saturday — the first non-sanctioned vessel to be targeted. Another very large crude carrier, the Skipper, was intercepted on Dec. 10.  The moves...

Plata, the Mexican financial technology company, has secured a new financing of up to US$500 million arranged by Nomura Securities International, Inc. ("Nomura") It is the largest funding to date for a Mexican digital financial services company. The transaction also sets an important precedent: it marks the first time a Japanese top-tier investment bank participates in a financing of this scale within Mexico's digital financial sector, reflecting the growing international interest in Plata and in Mexico's financial system. The announcement comes as Plata continues to work towards launching operations as a bank, after having received its banking license authorization in December 2024. The company embarked on this extremely rigorous process ...