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US personal spending rose at a solid clip in August for a third month, suggesting consumers continued to power the economy despite elevated inflation.

President Donald Trump announced a fresh round of tariffs, including a 100% duty on branded or patented pharmaceuticals starting October 1, unless a company is building a manufacturing plant in America.

US consumer sentiment fell in September to a four-month low on growing concerns about the impact of high prices on personal finances.

Robert Bosch GmbH will cut about 13,000 additional jobs at its auto-parts business as rising competition and a sluggish European car market push the manufacturer into deeper restructuring.

The US economy grew in the second quarter at the fastest pace in nearly two years as the government revised up its previous estimate of consumer spending.

Nine European banks have joined forces to develop a euro-based stablecoin, as they seek to establish an alternative in a US dollar-dominated market.

The Swiss National Bank kept borrowing costs unchanged, halting its easing cycle as officials shirk from a return to negative interest rates.

For years, Taiwan has viewed its dominance in supplying countries with cutting-edge chips as a shield from Chinese aggression. Now, officials are testing out semiconductors as a diplomatic sword.

Defense stocks rose anew across Europe and Asia on Wednesday after US President Donald Trump said NATO countries should shoot down Russian aircraft that violated their airspace and struck a more sympathetic tone on Ukraine’s chances of winning the war.

Germany is seeking to attract skilled Indian workers, its envoy said, as US President Donald Trump’s H-1B visa crackdown rattles India’s software industry and raises tensions with Washington.

European Central Bank Executive Board member Piero Cipollone doesn’t see major threats to inflation in either direction, with interest rates currently well positioned.

Small amounts of fluid passed through channels etched on chips can save energy and boost AI systems.

Federal Reserve Chair Jerome Powell said the outlooks for the labor market and inflation face risks, reiterating his view that policymakers likely have a difficult road ahead as they weigh further interest-rate cuts.

Europe should keep a tight rein on financial rule-making as the rise of businesses like crypto assets leads to demands for yet more standards, Austria’s central-bank chief said.

The euro area’s private sector expanded at the quickest pace in 16 months as outperformance in German services compensated for a slump in France.

Global growth was more resilient than anticipated in the first half of 2025, with industrial production and trade supported by front-loading ahead of higher tariffs. However, recent indicators show some signs of softening growth and disinflation has levelled off. Effective tariff rates on imports to the United States have also risen further since May. Global growth is expected to moderate as the full impact of higher tariffs is felt. Key downside risks include further increases in trade barriers, a resurgence of inflationary pressures, increased concern about fiscal risks, and disruptive repricing in financial markets that endangers financial stability. On the upside, reductions in trade restrictions or more rapid development of artificial intelligence technologies could push economic growth higher.The Interim Report says that countries need to find ways of engaging co-operatively within the global trading system and working together to make trade policy more transparent and predictable. Central banks should remain vigilant, but can lower policy interest rates where underlying inflation is projected to moderate towards target, provided inflation expectations remain well anchored. Fiscal discipline is needed to safeguard longer-term debt sustainability and allow governments to react to future shocks. Enhanced structural reform efforts are required to durably improve living standards and help realise the potential from new technologies, such as artificial intelligence.The Interim Report is an update on the assessment in the June 2025 of the Economic Outlook (Volume 2025 Issue 1).

The North Atlantic Treaty Organization promised a “robust” response to Russian incursions into its airspace and said it would use all options, including military, to defend itself.

Nvidia Corp. will invest as much as $100 billion in OpenAI to support building of new data centers and other artificial intelligence infrastructure, a blockbuster deal that underscores booming demand for AI tools like ChatGPT and the computing power to make them run.

Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now.

Hawkish central bankers in Hungary and the Czech Republic have helped put their currencies at the top of the pack globally this year and a growing cohort of investors say the gains will continue.

Bei der diesjährigen Metallerlohnrunde haben sich die Verhandler am Montagnachmittag nach nur wenigen Stunden auf einen neuen Kollektivvertrag für die rund 190.000 Beschäftigten geeinigt. Am 1. November 2025 steigen die Ist-Löhne und -Gehälter um 1,41 Prozent, die Mindestentgelte werden um zwei Prozent angehoben. Am 1. November 2026 steigen die Ist-Löhne und -Gehälter um 1,9 Prozent und die kollektivvertraglichen Mindestentgelte um 2,1 Prozent. Dazu gibt es Einmalzahlungen.

Satish, a graduate student from India studying in San Francisco, thought this fall would be about finishing his business degree and then lining up an H-1B visa, the work permit that’s become a mainstay for skilled immigrants in the US.

Cryptocurrency traders saw more than $1.5 billion in bullish wagers liquidated on Monday, triggering a sharp selloff that sent Ether and other tokens plunging.

Mit dem Start der Kollektivvertragsverhandlungen der Metallindustrie wird am Montagnachmittag die Herbstlohnrunde eröffnet. Angesichts der hohen Inflation will die Gewerkschaft die Kaufkraft sichern und schließt eine Nulllohnrunde aus, will aber zunächst keine konkrete prozentuelle Lohnforderung vorlegen. „Wir werden in die Verhandlungen völlig offen gehen“, sagte der Chef der Metallergewerkschaft PRO-GE, Reinhold Binder, Montagfrüh im Ö1-Morgenjournal.

The widely watched gauge of consumer prices fails to capture the cost of living crisis for many Americans, argues Gene Ludwig.

European Central Bank officials are anxiously awaiting the next edition of their economic forecasts — due in December — that will help them decide whether interest rates are low enough to sustainably deliver inflation of 2%.

The Swiss National Bank is now predicted by almost all economists to keep its interest rate unchanged next week after several of them switched from expecting a cut below zero.

Indian refiners have no plans to step away from Russian crude as domestic fuel demand picks up after the monsoon season, even as New Delhi resumes trade negotiations with Washington and both sides press for a deal.

The European Union is inching toward issuing joint debt to help fund investments needed to improve its economy, according to Austria’s finance minister.

The Bank of Japan announced it will begin offloading its massive exchange-traded fund holdings, while leaving its benchmark interest rate unchanged despite dissent favoring a rate hike building up on the board.