Trump proposes 20% cargo fee as US vows to police Strait of Hormuz
President Donald Trump said on Monday that the United States would reinstate its naval blockade of Iranian ships and charge a 20% fee on cargo passing through the Strait of…
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Category: Business
Samsung, SK Hynix are changing fortunes of Koreans, but also widening inequality
South Korea’s dominance in artificial intelligence memory chips is no longer just driving stock market gains. The country’s semiconductor boom is now reshaping its economy, consumer spending, labour market and…
Trump wants to cut trade with Spain: the reasons go beyond NATO’s defence spending
US President Donald Trump has reignited his long-running dispute with Spain by threatening to cut off trade with the country over its refusal to back NATO’s new defence spending target.…
Fed Minutes show split over rate hikes and cuts as inflation risks persist
Federal Reserve officials were divided over the future direction of interest rates at their June policy meeting, with policymakers considering scenarios that could justify either rate cuts or additional hikes,…
US jobless claims declined last week as labour market holds steady
The number of Americans filing new applications for unemployment benefits declined last week, pointing to continued resilience in the US labour market even as hiring slowed sharply in June. Initial…
UK house prices increase 0.2% in June as annual growth improves
British house prices increased by 0.2% in June, marking the first monthly rise in four months, while annual growth accelerated slightly to 0.6%, according to data released by mortgage lender…
ECB gives eurozone banks four months to counter AI risks
The European Central Bank has given eurozone banks four months to develop plans aimed at countering artificial intelligence (AI)-enabled cyber threats that could undermine confidence in the financial system and…
Bank of England warns AI could amplify market and cyber risks
The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to…
Is UK falling behind amid political uncertainty? Zero Sum finds out
Britain has had six prime ministers in under a decade, yet financial markets have grown remarkably unfazed by the political churn. Does that mean investors have become desensitised to Westminster,…