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 How Trump’s tariffs & tech dominance are fueling Europe’s push for digital sovereignty and ‘Buy from EU’ movement

How Trump’s tariffs & tech dominance are fueling Europe’s push for digital sovereignty and ‘Buy from EU’ movement

June 02, 2025 04:56 PM AEST| By Invezz

Europe’s relationship with the US is shattering.  Under Donald Trump’s second term, trade friction has returned, and digital dominance by US companies is now under strain. And this time it’s serious. European institutions and voters are respondi...

 China’s manufacturing PMI edges up despite ongoing trade tensions

China’s manufacturing PMI edges up despite ongoing trade tensions

June 02, 2025 04:09 PM AEST| By Invezz

China’s manufacturing PMI improved somewhat in May due to the resumption and frontloading of shipments to the US amid the 90-day tariff truce which will end in mid-August, Commerzbank AG said.  May saw an increase in the official manufacturing P...

 UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

June 01, 2025 07:30 PM AEST| By Invezz

A decade ago, a trio of nimble fintech upstarts — Starling, Monzo, and Revolut — charged into the British banking scene with bold ambitions. Their mission: to reimagine financial services through cutting-edge technology, superior customer experience,...

 Brent crude oil price forecast after the OPEC+ supply cut

Brent crude oil price forecast after the OPEC+ supply cut

June 01, 2025 01:47 AM AEST| By Invezz

Brent crude oil price crashed on Friday amid rising trade tensions, and the downtrend may continue after the latest OPEC+ meeting. It dropped to $62.60 on Friday, down by 25% from its highest level this year. OPEC+ crude oil production increase The m...

 President Trump to host farewell for Elon Musk as DOGE leader steps away

President Trump to host farewell for Elon Musk as DOGE leader steps away

May 31, 2025 03:13 AM AEST| By Invezz

President Donald Trump will hold a press event Friday to mark the departure of Elon Musk, who is stepping down from his role at the Department of Government Efficiency (DOGE) after a four-month stint marked by internal turmoil and policy clashes. Mus...

 Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

May 31, 2025 01:55 AM AEST| By Invezz

The Canadian economy increased at an annualised pace of 2.2% in the first quarter of 2025, according to Statistics Canada data released Friday. The amount greatly exceeded the 1.5% consensus estimate forecast by experts and matched the revised rate o...

 Oil prices headed for second weekly drop as OPEC may hike July output

Oil prices headed for second weekly drop as OPEC may hike July output

May 31, 2025 01:22 AM AEST| By Invezz

Oil prices were set for a second straight weekly decline on Friday.  Investors are considering a possible larger OPEC+ production increase in July, while evolving US tariff policies add uncertainty following recent legal developments. At the tim...

 Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

May 31, 2025 01:14 AM AEST| By Invezz

Canada-based Brazil Potash is set to significantly impact the Brazilian fertiliser market with its plan to ramp up production, aiming to shield the country from geopolitical risks and fluctuating international prices.  The company’s Autaze...

 Demand slump in Asia redirects fuel flow to Americas West Coast, says Vortexa

Demand slump in Asia redirects fuel flow to Americas West Coast, says Vortexa

May 31, 2025 12:12 AM AEST| By Invezz

Reduced transportation fuel imports in Asia Pacific and increased demand for clean product imports on the Americas West Coast have facilitated arbitrage opportunities between these two regions, Vortexa said. Oceania and Asia (excluding Singapore and...

 India’s Q4 GDP growth hits 7.4%, but FY25 slows to 4-year low of 6.5%

India’s Q4 GDP growth hits 7.4%, but FY25 slows to 4-year low of 6.5%

May 30, 2025 10:30 PM AEST| By Invezz

India’s economic growth for the fiscal year 2024-25 decelerated to 6.5%, the slowest pace in four years, as weak private investment and rising global uncertainty weighed on overall momentum, despite a strong finish to the year with GDP growing 7.4% i...

 M&G stock soars as Dai-ichi Life buys 15% stake in strategic partnership

M&G stock soars as Dai-ichi Life buys 15% stake in strategic partnership

May 30, 2025 08:50 PM AEST| By Invezz

Shares in M&G surged more than 6% Friday, reaching their highest level in over a year, after the British financial group announced a long-term partnership with Japanese insurer Dai-ichi Life. As part of the deal, Dai-ichi Life will acquire a 15%...

 What awaits Musk at Tesla, SpaceX, and xAI as he steps back from DOGE to re-focus on business

What awaits Musk at Tesla, SpaceX, and xAI as he steps back from DOGE to re-focus on business

May 30, 2025 06:21 PM AEST| By Invezz

Elon Musk is diving back into his companies, declaring a renewed, round-the-clock focus on Tesla, SpaceX and his AI venture xAI, just as each prepares for high-stakes moves that could shape their futures. On Wednesday evening, Musk announced he was s...

 Tokyo core inflation reaches 3.6% in May, highest since Jan 2023; factory output falls

Tokyo core inflation reaches 3.6% in May, highest since Jan 2023; factory output falls

May 30, 2025 04:39 PM AEST| By Invezz

Core inflation in Japan’s capital surged to a more than two-year high in May, primarily driven by persistent increases in food costs, according to data released on Friday. This development intensifies the pressure on the Bank of Japan (BOJ) to...

 Trump’s influence sparks questions about security of Germany’s gold in New York

Trump’s influence sparks questions about security of Germany’s gold in New York

May 30, 2025 04:23 PM AEST| By Invezz

The security of Germany’s gold reserves stored abroad, especially in New York, has transitioned from a fringe topic discussed primarily by the far-right and gold enthusiasts to a subject of broader public discussion following Donald Trump’...

 Trump may take tariff block ruling to Supreme Court as soon as Friday

Trump may take tariff block ruling to Supreme Court as soon as Friday

May 30, 2025 02:44 AM AEST| By Invezz

The Trump administration signaled Thursday that it may ask the US Supreme Court as early as Friday to temporarily reinstate tariffs that were blocked by a federal trade court ruling this week, as per a CNBC report. In a court filing, the administrati...

 SovEcon raises Russia’s wheat exports outlook, initial campaign may be sluggish

SovEcon raises Russia’s wheat exports outlook, initial campaign may be sluggish

May 30, 2025 01:52 AM AEST| By Invezz

Moscow-based agricultural consultancy SovEcon has revised its outlook for Russian wheat exports in the 2025-26 marketing year, increasing its forecast by a substantial 1.1 million metric tons.  The updated projection now stands at a robust 40.8...

 Brazil achieves foot-and-mouth disease freedom without vaccination

Brazil achieves foot-and-mouth disease freedom without vaccination

May 30, 2025 01:38 AM AEST| By Invezz

In a significant development for its agricultural sector, particularly its robust beef export industry, Brazil has been officially recognized by the World Organization for Animal Health (WOAH) as a country free of foot-and-mouth disease (FMD) without...

 US corporate profits decline in Q1 amid economic uncertainty

US corporate profits decline in Q1 amid economic uncertainty

May 30, 2025 01:26 AM AEST| By Invezz

In the first quarter of 2025, U.S. corporate profits experienced a decrease of $118.1 billion, following a substantial gain of $204.7 billion in the previous quarter, said the Commerce Department’s Bureau of Economic Analysis (BEA).  Simul...

 Trump may bypass US courts to continue tariff agenda, says ING

Trump may bypass US courts to continue tariff agenda, says ING

May 30, 2025 12:53 AM AEST| By Invezz

A US court determined that US President Donald Trump overstepped his authority by using the 1977 International Emergency Economic Powers Act (IEEPA) to enact tariffs. This ruling directly impacts the 10-30% tariffs levied on goods from China, Canada,...

 UK’s LCM plans to invest $124M in French rare earth processing facility

UK’s LCM plans to invest $124M in French rare earth processing facility

May 29, 2025 11:40 PM AEST| By Invezz

Britain’s Less Common Metals (LCM) intends to establish a new plant in France, Reuters reported on Thursday. This initiative involves a collaboration with a French recycling company, according to LCM’s majority owner and chairman. This mo...

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