European Central Bank policymakers pushing for another reduction in interest rates face an uphill battle, according to people familiar with the matter.

Der nächste EZB-Zinsentscheid steht bevor, im Rat selbst dreht sich das Personalkarussell: Sieben Mitglieder scheiden in diesem Jahr aus, vor allem Hardliner. Das könnte Folgen für die Geldpolitik haben.

Am Donnerstag findet in Peking das 25. Gipfeltreffen zwischen der Europäischen Union und China statt. Die Agenda ist breit gefächert: Man will sich nicht nur über die Sicherheitslage in Nahost und den Ukraine-Krieg, sondern vor allem auch über handelspolitische Fragen beraten. Doch gerade dieses Thema führte zuletzt zu Zerwürfnissen, aufgrund neuer EU-Sanktionen sieht China die Beziehungen „schwer beschädigt“. Ohnehin sind die Vorzeichen für große Durchbrüche mehr als düster.

President Donald Trump reached a trade deal with Japan that will impose 15% tariffs on imports including automobiles from the key American ally, while creating a $550 billion fund to make investments in the US.

China is pivoting to higher-value investments in Hungary, Slovakia and other nations within its growing orbit.

The International Monetary Fund said imbalances in the global economy have increased, driven principally by domestic policies in the US and China that tariffs will do little to address.

Data centers’ power hunger “is not sustainable — unless we make it so,” according to Secretary-General António Guterres.

Treasury Secretary Scott Bessent offered support for Jerome Powell amid regular attacks from Trump administration officials, saying he sees no reason for the Federal Reserve chair to step down.

Treasury Secretary Scott Bessent said in a social media post Monday that there should be a review of the decision to renovate parts of the Federal Reserve headquarters in Washington.

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.

German Chancellor Friedrich Merz and more than 60 of the nation’s leading companies launched a new investment drive worth at least €100 billion ($116 billion) to help lift Europe’s biggest economy out of its funk.

The latest round of European sanctions hit a number of companies and banks in China, prompting Beijing to protest and promise a response that would safeguard and protect its own firms.

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.