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EU Slashes Growth Forecast as Trade Tensions Cloud Outlook
Brussels, Belgium: The European Commission has cut its 2025 economic growth forecast to just 1.1% (0.9% in the Eurozone), citing new U.S. tariffs...
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Tariffs Set to “Rattle” Economy as Businesses Face Higher Costs
Washington, D.C., USA: Economists warn that recent tariffs imposed by President Donald Trump could soon push up consumer prices and strain...
U.S. Markets Plunge as Moody’s Downgrades U.S. Credit Rating
New York, USA: Investors worldwide saw a sharp selloff in stocks after Moody’s stripped the United States of its last AAA credit rating, citing...
Phillips 66 Proxy Showdown: Elliott and Proxy Firms in Rare Standoff
Houston, Texas, USA: Shareholders of oil refiner Phillips 66 face a high-stakes proxy battle this week as Elliott Investment Management seeks to...
Proposed Credit Card Competition Act Threatens Reward Programs
Washington, D.C., USA: A newly proposed Credit Card Competition Act aims to increase payment network choices but might significantly reduce or...
U.S. Jobless Claims Jump as Labor Market Softens
Washington, D.C., USA: Unemployment benefit filings reached 264,000 in early May, the highest since late 2021, signaling cracks in America’s tight...
Deutsche Bank to Pay $75 Million to Epstein Victims
New York, USA: Deutsche Bank agreed to a $75 million settlement with women who say the bank facilitated Jeffrey Epstein’s sex trafficking. Victims...
Biden, McCarthy Hint at Possible Debt Ceiling Breakthrough
Washington, D.C., USA: President Joe Biden and House Speaker Kevin McCarthy both say a debt ceiling deal could be reached by next week, aiming to...
Moody’s Downgrades US Credit Rating Over Rising Debt
Washington, D.C., USA: Moody’s slashed the US credit rating due to mounting government debt, following similar moves by S&P and Fitch in prior...
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