President Donald Trump’s recently enacted tax and spending law will add $3.4 trillion to US deficits over a decade and leave millions without health care coverage, according to a new estimate from the nonpartisan Congressional Budget Office.

Trump Media & Technology Group Corp., the firm behind Truth Social, has acquired about $2 billion in Bitcoin and related securities as part of its previously announced plan to become a crypto treasury company.

Die Industrie trägt mit 27,9 Prozent fast ein Drittel zur Wirtschaftsleistung Oberösterreichs bei, so viel wie in keinem anderen Bundesland. Die seit Jahren schrumpfende Wirtschaft und der Absturz bei der Wettbewerbsfähigkeit hat vielen Unternehmen zugesetzt oder sie sogar vom Markt gefegt.

Investors preparing for the European Central Bank’s interest rate-setting meeting on Thursday should also focus on a plethora of economic reports this week to gauge where monetary policy is headed.

Some spikes in food prices are temporary, but others, like those for coffee and beef, are set to last.

European Union envoys are set to meet as early as this week to formulate a plan for measures to respond to a possible no-deal scenario with US President Donald Trump, whose tariff negotiating position is seen to have stiffened ahead of an Aug. 1 deadline.

The second-quarter earnings season is off to a ripping start, with consumer strength powering resilient corporate profits. In the stock market, however, the reaction has been fairly quiet, an ominous sign that much of the good news is priced in — and investors are punishing disappointments.

India’s Prime Minister Narendra Modi is likely to visit the UK next week to sign the recent trade deal between the two countries, a government official told reporters in New Delhi.

The total market value of cryptoassets surged past $4 trillion for the first time, driven by a rally in altcoins and momentum from a sweeping US legislative push to regulate the sector.

European Union states have approved a fresh sanctions package on Russia over its war against Ukraine including a revised oil price cap, new banking restrictions, and curbs on fuels made from Russian petroleum.

Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness.

Top executives at some of Russia’s biggest banks have privately discussed seeking a state-funded bailout if the level of bad loans on their books continues to worsen over the next year.

The €400 billion ($463 billion) crisis tool proposed by the European Commission on Wednesday would be financed using joint borrowing, according to people familiar with the matter.

Germany has rejected the European Commission’s €2 trillion ($2.3 trillion) budget proposal, hours after it was announced by European Commission President Ursula von der Leyen in Brussels.

For the first time since the pandemic upended work life five years ago, more than half the companies in the Fortune 100 have their employees fully back in the office, according to a report from real estate firm Jones Lang LaSalle Inc.

The new chief executive officer of Hungary’s largest lender called for the adoption of the euro and for an end to ad-hoc policymaking under Prime Minister Viktor Orban that has sapped investor confidence and dented valuations.

President Donald Trump said he would send letters to more than 150 countries notifying them of tariff rates and that the levies imposed could be 10% or 15% as he forges ahead with his trade agenda.

The European Central Bank should reduce borrowing costs to help the economy by weakening the single currency, Italian Deputy Premier Antonio Tajani said.

Turkey’s most popular opposition politician Istanbul Mayor Ekrem Imamoglu was sentenced to nearly two years in prison on Wednesday, after a court found him guilty of “threatening” Istanbul’s chief prosecutor.

A growing number of European Union member states want the bloc to activate its most powerful trade tool against the US should the two sides fail to reach an acceptable agreement by Aug. 1 and Donald Trump carries out his threat of 30% tariffs on the US’s largest trading partner.

President Donald Trump said he was likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad “reciprocal” rates set for implementation on Aug. 1.

Das jüngste Urteil des Verfassungsgerichtshofs (VfGH) zu Wertsicherungsklauseln in Mietverträgen zieht weite Kreise. Mieterinnen und Mieter könnten 30 Jahre zurückreichend die Mieterhöhung einfordern. Die Branche geht von bis zu 800.000 betroffenen Wohnungen aus. Die Regierung sucht nach einer Lösung, doch schon jetzt zeichnet sich ab, dass nicht alle zufrieden sein werden.

The figure for June marks the steepest increase in inflation, which measures how quickly prices are rising, since January 2024.

Boil down the hundreds of tax provisions in the sprawling legislation signed by President Donald Trump on July 4, and it becomes clear: The rates Americans pay will now depend less on how much money they make, and more on how they earn it, where they live and even who they are.

China’s economic growth exceeded expectations in the second quarter, but strong exports to markets outside the US masked deepening pressure caused by weak consumer demand at home.

The finance ministers of the euro area’s two biggest economies pledged to join forces to provide additional support for European startups.