Jeronimo Gonzalez
19 article(s) here · 1 carrying a prediction
🔮 Beyond broad rejection of the war in the Middle East, voters have soured on the Trump administration over its handling of the economy, which could face yet more pressure if the “Trump dividend” were to be approved: 10-year borrowing costs reached an almost three-year high on Wednesday.
🔮 Analysts fear that a protracted conflict in the Middle East could pile more pressure on China, the world’s biggest oil importer, adding to the squeeze on households at a time when youth unemployment is at almost 18%.
🔮 US President Donald Trump said the Iran war would end “immediately” after November’s midterm election, contradicting the analysis of experts and even some of his closest advisors.
🔮 The European Central Bank is widely expected to raise interest rates, with the Iran war still pushing prices up.
🔮 The global diesel refining crunch could lead to high prices and tight supplies for months, roiling industry, analysts warned.
🔮 The US Treasury secretary warned that “nothing else would matter” if China were to win the AI race, highlighting Washington’s angst that Beijing may be catching up in the global competition for technological supremacy.
🔮 China will inject $45 billion into its largest banks and insurers, its biggest recapitalization push in decades as Beijing looks to boost the country’s faltering economy.
🔮 Africa’s richest man said his refinery’s much-anticipated IPO would launch soon, a move that could mark a step-change for the continent’s financial and energy markets.
🔮 Volkswagen said it would slash 50,000 additional jobs — bringing the total to 100,000 by the end of the decade, the most in automotive history — as the German firm faces cutthroat competition from Chinese carmakers.
🔮 Several regional countries described access to information and technology as one of the benefits of backing Kyiv, but that expertise may now be shared with US firms instead.
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