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The US economy contracted at the start of the year for the first time since 2022 on a monumental pre-tariffs import surge and softer consumer spending, a first snapshot of the ripple effects from President Donald Trump’s trade policy.

France’s economy returned to growth at the start of the year but showed little momentum as it headed into a tougher environment marred by global trade tensions.

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

The European Central Bank should proceed carefully with additional cuts in borrowing costs due to the uncertain global environment, Governing Council Member Yannis Stournaras said.

Insured losses from natural catastrophes could soar to $145 billion this year — well above the 10-year average — as population growth, urban sprawl and climate change combine to supercharge risks, according to a report by Swiss Re Institute.

Tesla paid the price for its CEO’s unprecedented side gig slashing federal bureaucracy under Trump.

Die Mutter des insolventen Motorradherstellers KTM hat im Vorjahr einen Verlust von 1,188 Milliarden Euro geschrieben. Das teilte Pierer Mobility am Montagabend in einer Ad-hoc-Mitteilung mit. Der Umsatz sei um 29 Prozent auf 1,879 Milliarden Euro eingebrochen, auch für heuer werde ein negatives operatives Ergebnis erwartet.

Defense spending surged last year by the most since at least the end of the Cold War, according to data published Monday, with European countries rushing to bolster their security in the face of threats from Russia.

European Central Bank Governing Council member Olli Rehn said there’s a danger that inflation will dip below the 2% target due to the fallout from US trade levies, reiterating that this would be grounds to further lower interest rates.

European Central Bank Vice President Luis de Guindos said that volatile financial markets must be watched closely amid the risk of declines spiraling out of control.

President Donald Trump’s tariff onslaught has roiled Washington and Wall Street for nearly a month. If the trade war persists, the next upheaval will hit much closer to home.

The European Central Bank will pivot to start considering an interest-rate hike by the end of this year, according to Franklin Templeton, as the region’s defense spending is likely to heat up the economy.

Die SPÖ hat die Wien-Wahl gewonnen und bleibt trotz leichter Verluste klar die Nummer eins. Bürgermeister Michael Ludwig (SPÖ) hat nun die Wahl zwischen drei Partnern. Er ließ sich aber noch alle Optionen offen.

The European Central Bank should only lower interest rates into accommodative territory if the growth outlook deteriorates much further, according to Governing Council member Martins Kazaks.

Asian economies geared for exports and facing some of the highest US “reciprocal” tariffs are leading the way over their western counterparts in trade negotiations with the Trump administration.

Fast-fashion giant Shein Group Ltd. raised US prices of its products from dresses to kitchenware ahead of imminent tariffs on small parcels, in an early sign of the potential effect of the trade war on American consumers.

St. Peter’s Square erupted in applause for Ukraine’s Volodymyr Zelenskiy. Inside the Basilica, he and Donald Trump huddled with France’s Emmanuel Macron and Britain’s Keir Starmer. The occasion was the funeral of Pope Francis — but the optics were all about the geopolitics of the moment.

US President Donald Trump and Ukraine’s Volodymyr Zelenskiy met briefly on Saturday just ahead of Pope Francis’ funeral at the Vatican.

Russia’s oil producers have been drilling wells at a pace not seen in at least five years as the nation readies for both a loosening of OPEC+ output limits and the possibility of relief from some international sanctions over its invasion of Ukraine.

Forecasters surveyed by Bloomberg now see a 45% of a downturn in the next year, up from 30% in March.

The International Monetary Fund warned Europe not to obstruct change as it attempts to alleviate the fallout from US President Donald Trump’s tariff torrent.

Jerome Powell’s determination to ensure any jump in prices stemming from Donald Trump’s tariffs don’t spread through the economy has earned him the moniker “Mr. Too Late” from the president. For the Federal Reserve chair, that’s better than being Mr. Wrong.

European Central Bank Governing Council member Robert Holzmann said the fallout from the US tariff announcements will probably weigh on consumer prices in the euro zone rather than create a new bout of inflation.

US consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs.

Asian shares were poised to open higher Friday after optimism about the Federal Reserve cutting interest rates sooner than anticipated powered a rally in US stocks and Alphabet Inc. reported solid earnings.

China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.

In Österreich werden so wenige neue Wohnungen gebaut wie schon lange nicht mehr. Die Zahl der Baubewilligungen dafür sank 2024 deutlich und bewegt sich laut Daten der Statistik Austria von Donnerstag etwa auf dem Niveau vor 15 Jahren. Hält der Trend an, dürfte das die Preise auf dem freien Wohnungsmarkt weiter nach oben treiben.

European Central Bank Chief Economist Philip Lane said trade tensions are unlikely to result in a recession for the euro zone.

Deutsche Bank AG is warning of a structural dollar downtrend in the coming years which will knock the US currency to its weakest level in more than a decade against the euro.