The top Iranian diplomat responded to U.S. President Donald Trump’s threat to bomb the country if it does not agree to end its nuclear program, and said his comments were a “shocking affront” to global security and any strikes against Tehran would draw a significant response.
Israel’s Knesset last week delivered Prime Minister Benjamin Netanyahu another victory after it passed a bill that strips independence from the country’s court system and grants more power to politicians, in what has been called a “judicial coup” for the embattled leader.
Israeli forces continue to carry out new attacks across Gaza and enforce a complete humanitarian blockade.
The core Personal Consumption Expenditures Index, the inflation measure the U.S. Federal Reserve watches most closely, rose to 2.8 percent in February compared to 2.4 percent in January, according to the Bureau of Labor Statistics.
Canada’s economy will grow at an annualized rate of just 0.7 percent in this year’s second quarter, according to Bloomberg’s poll of 34 economists. In February, the same poll foresaw growth at 1.7 percent.
The European Central Bank (ECB) should consider not reducing its key interest rate again at its meeting this month, Pierre Wunsch, the governor of Belgium’s central bank and a member of the ECB’s rate-setting committee, said last week.
As American stock markets stumble under weak consumer spending, waning business confidence, and Donald Trump’s chaotic tariff policies, Europe’s equities are staging what Bloomberg calls a “historic” surge.
The governments and corporations in the 38-nation Organization for Economic Cooperation and Development (OECD) have more than $100 trillion in bonded debt outstanding, almost as much as the entire world’s GDP, which is between $105 trillion and $110 trillion, a new OECD report has found.
Consumers’ view of the present and future state of the U.S. economy is cratering, according to the final March survey by the University of Michigan.
Donald Trump’s sweeping tariff regime will complicate efforts to manage the growing federal debt as high interest rates persist, Moody’s warned last week.