FedEx has filed a major lawsuit in the U.S. Court of International Trade, seeking a full refund of emergency tariffs imposed by President Donald Trump. This move comes as the first significant legal challenge following last Friday's landmark Supreme Court ruling, which found that Trump exceeded his authority by using the "International Emergency Economic Powers Act" to levy duties on imports. Economists estimate that over $175 billion in collected tariff revenue could now be

Etihad Airways has announced its strongest financial and operational performance ever for the year 2025. The airline achieved a staggering 47% increase in net profit, reaching AED 2.6 billion ($698 million), with total revenues climbing to AED 30.7 billion. This milestone was fueled by carrying 22.4 million passengers and expanding its fleet to a record 127 aircraft. Key highlights include a passenger load factor of 88.3% and a significant boost in cargo revenue, which rose 8

The Swiss Foreign Ministry confirmed to AFP on Monday that it has frozen over $880 million (687 million Swiss francs) in assets linked to former Venezuelan President Nicolas Maduro, his wife, and close associates. The move, which took effect on January 5, is described as a "preventative measure" to stop capital flight and enable legal cooperation between Switzerland and the new interim administration in Caracas. This financial crackdown follows the dramatic January 3 raid by

Citigroup announced on Monday it has entered agreements to sell a 24% stake in its Mexican unit, Banamex, to a high-profile group of institutional investors and family offices for approximately $2.5 billion. The buyer consortium includes the Qatar Investment Authority (QIA), Blackstone, General Atlantic, and Liberty Strategic Capital, with each investor capped at a 4.9% share. This transaction follows a previous 25% sale in December, effectively reducing Citi’s ownership to 4

Global markets witnessed a swift rebalancing on Monday as President Donald Trump invoked the 1974 Trade Act to impose a fresh 15% global tariff, effectively bypassing Friday's Supreme Court defeat. The move triggered a flight to safety, sending Gold prices up 0.7% to a staggering $5,142 per ounce, while the U.S. Dollar Index slipped 0.3% amid heightened trade uncertainty. The impact was mixed across the globe: Wall Street futures and Bitcoin (down 2.7%) edged lower, while Asi

The German economy showed a surprising resilience on Monday as the Ifo Business Climate Index climbed to 88.6 points in February, outperforming the 88.4 forecast by analysts. According to the Ifo Institute, German firms expressed greater satisfaction with their current business situation, which saw an increase to 86.7 points, while future expectations rose significantly to 90.5 points. Clemens Fuest, President of the Ifo Institute, noted that the data signals "the first signs

U.S. Customs and Border Protection (CBP) confirmed it will stop collecting tariffs imposed under the International Emergency Economic Powers Act (IEEPA) at 12:01 AM ET on Tuesday. The move follows a landmark Supreme Court ruling on Friday declaring these specific duties illegal. However, the relief for importers might be short-lived, as President Donald Trump has already invoked a different legal authority to impose a new 15% global tariff to replace the struck-down measures.

President Donald Trump sent shockwaves through global markets this Saturday by announcing a unilateral hike in global tariffs from 10% to 15%. The move comes less than 24 hours after a U.S. Supreme Court ruling declared his previous tariff structure unconstitutional. In a fiery post on Truth Social, Trump blasted the court's decision as "ridiculous" and "anti-American," asserting his presidential authority to protect the nation from economic exploitation. By raising tariffs t

President Xi Jinping announced at the African Union summit in Ethiopia that starting May 1, 2026, China will eliminate import tariffs for all African nations except one. This expansion targets 52 diplomatic partners on the continent, up from the current 33. The sole exclusion is Eswatini, the only African kingdom that maintains diplomatic ties with Taiwan, highlighting Beijing’s use of economic incentives to enforce its "One China" policy. As the U.S. under President Donald T

European Commission President Ursula von der Leyen delivered a pivotal speech to the European Parliament on Wednesday, declaring that Europe must end its economic reliance on external powers to prevent its dependence from being "weaponized." She emphasized that the path to independence lies in ramping up domestic production and securing partnerships with "trusted suppliers," highlighting the recent landmark trade deal with India as a cornerstone of this strategy. Von der Leye

The U.S. labor market is facing a peculiar disconnect; while GDP grew at a robust 4.4% in late 2025, hiring expectations for January remain modest at just 75,000 jobs. Economists warn that Wednesday’s annual revisions could reveal that the U.S. actually lost jobs in 2025—the first annual decline since the 2020 pandemic. This slump is driven by aggressive layoffs in the federal sector led by Elon Musk, trade policy uncertainty under Trump, and a massive shift toward AI and aut

The U.S. Dollar Index hovered near a one-week low at 96.952 as markets anticipate crucial labor and inflation reports following the brief government shutdown. The Japanese Yen remained firm at 155.85 per dollar, riding the wave of Sanae Takaichi’s electoral success. However, analysts warn of long-term weakness, with Commonwealth Bank of Australia predicting the pair could hit 164 by year-end due to Takaichi’s bold fiscal easing stance. Meanwhile, the British Pound stabilized

Data released on Monday, February 9, 2026, by the Sentix Research Institute shows a significant rebound in Eurozone investor sentiment. The overall investor confidence index jumped to 4.2 points in February, up from -1.8 in January, marking its highest level since July 2025 and crushing analyst expectations of -0.2. This represents the third consecutive monthly increase, signaling a potential end to the bloc's economic stagnation. The "glimmer of hope" is fueled by a massive

Japanese pharmaceutical and food giant Nippon Shinyaku released a mixed financial report on Monday, February 9, 2026. While the company saw its 9-month revenue grow by 4.8% to approximately $813 million, its net profit during the same period fell by 9.5%. The disconnect highlights the rising operational costs and R&D expenses weighing on the bottom line despite strong sales performance. For the full fiscal year ending March 31, the company now expects net income to settle at

Japan’s stock markets witnessed a historic rally on Monday, February 9, 2026, with the Nikkei 225 soaring 3.9% to close at a staggering record high of 56,363.94. Investors responded with euphoria to Prime Minister Sanae Takaichi’s overwhelming election victory, securing 316 seats in the House of Representatives. This "super-majority" provides Takaichi a clear mandate to unleash her proactive fiscal policy, centered on massive stimulus and tax cuts to revitalize the Japanese e

At the second AlUla Emerging Markets Exchange 2026 in Saudi Arabia, IMF Managing Director Kristalina Georgieva highlighted a historic shift: Emerging markets now represent 56% of global GDP. Georgieva praised these nations for their central bank independence and mid-term fiscal frameworks, which have shielded them from volatile currency and equity markets. However, the IMF chief issued a sobering warning: global growth remains "below par" since the pandemic, complicated by ri

Energy giant Shell reported a sharp decline in its 2025 financial results, with core annual profits dropping 22% to $18.5 billion. The fourth quarter was particularly hit hard, with adjusted earnings falling to $3.26 billion—the lowest quarterly profit in nearly five years—missing major analysts' expectations. The slump is primarily attributed to the cooling of global oil and gas prices throughout the past year. Despite the earnings miss and a lagging stock performance in ear

The Bank of England decided on Thursday, February 5, 2026, to keep interest rates steady at 3.75% following a narrow 5-4 vote. This closely contested decision highlights the dilemma facing the Monetary Policy Committee: balancing a weak growth outlook and rising unemployment against a resilient start to the year that could fuel inflation. While inflation has cooled significantly, it remains at 3.4%, still comfortably above the Bank’s 2% target. The Bank signaled that further

Despite Chancellor Friedrich Merz’s massive spending promises, Germany’s economic recovery remains fragile. Forecasts for 2026 hover around a modest 1% growth, hampered by a slow federal decision-making process. Of the historic €500 billion infrastructure fund, only €24 billion was spent by last year’s end, highlighting a significant "bottleneck" in the German system. While the industrial sector shows signs of life with rising orders, production capacity remains underutilized

Spain’s labor market has reached a historic milestone, with the unemployment rate dropping to 9.93% in the final quarter of 2025—the first time it has dipped below 10% in 17 years. According to the National Statistics Institute (INE), the surge was primarily driven by the services sector, which added over 87,000 jobs, bringing the total number of employed citizens to a record 22.46 million. While the industrial sector saw a slight decline, youth unemployment also showed impro