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Elon Musk has become the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.

Switzerland’s two-year stint of positive interest rates is about to inch closer to a potential end with the central bank’s likely move to cut borrowing costs this week.

Die OMV kündigt den Gasliefervertrag mit der russischen Gasprom. „OMV Gas Marketing & Trading GmbH (OGMT) hat soeben beschlossen, den österreichischen Liefervertrag mit Gazprom Export (GPE) mit sofortiger Wirkung zu kündigen“, heißt es in einer Aussendung der gashub.at am Mittwochabend.

Expectations around price pressures and monetary policy have swung wildly over the past year. The numbers tell an optimistic story.

The European Union gave preliminary backing to a 15th package of sanctions against Russia that includes an extension of an exemption for Slovakia to trade petroleum products derived from Russian oil through early June.

OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.

China got a head start on a looming trade war with the US by showcasing a new range of tools it’s prepared to use if Donald Trump makes good on his threat to punish the world’s second-biggest economy with tariffs.

A tit-for-tat trade war would hurt both Europe and the US, but internal barriers to trade and the efficient allocation of capital leave Europe ill-prepared.

President-elect Donald Trump said his administration would help expedite permits for any person or company that invested at least $1 billion in the US.

China is set to begin its annual economic work meeting on Wednesday to map out policies for next year, with top leaders hinting at more forceful stimulus amid the threat of a potential trade war with the US.

Companies say they confront multiple obstacles to reshoring production, from environmental regulations to labor shortages.

Northvolt’s cash crunch and local factories getting canceled undermine the region’s push to reduce reliance on Asia.

Promised overhaul of conventional wisdom on trade, debt and security won’t happen overnight.

European Central Bank officials agree that lower interest rates are needed to buoy the region’s shaky economy. How much they can actually help, though, is hotly contested.

Government borrowing habits pose the biggest danger to world economic stability and recent shifts in market sentiment should serve as a warning, the Bank for International Settlements said.

China may raise its budget deficit to the highest in three decades and make the deepest interest-rate cuts since 2015 following the boldest stimulus signals from its top leaders in years, according to economists.

Catch up: Syria plans for a new government; South Korea’s opposition vows to cut the budget

Catch up: Syria plans for a new government; South Korea’s opposition vows to cut the budget

Catch up: Syria plans for a new government; South Korea’s opposition vows to cut the budget

China has opened a probe into Nvidia Corp. over suspicions that the US chipmaker broke anti-monopoly laws around a landmark 2020 deal, taking aim at the AI heavyweight as Washington ramps up sanctions.

Marktteilnehmer und Ökonomen können sich nicht ganz von der Vorstellung lösen, dass die Europäische Zentralbank in den kommenden Monaten eine größere Zinssenkung vornehmen wird.

Chinese stocks listed in Hong Kong rebounded in the final hour of trading as the nation’s top leaders vowed to ease monetary policy and expand fiscal spending.

Japan’s economy grew at a faster pace than initially estimated, indicating more strength in the recovery as the central bank parses data ahead of a policy decision later this month.

The incoming US administration’s potential move to raise tariffs on trading partners could combine with conflicts around the globe to increase risk in financial markets next year, according to the chief executive of UBS Group AG.

Investors and economists can’t quite shake the idea that the European Central Bank will deliver a bigger cut in interest rates over the coming months.

The European Union’s multiyear clampdown on some of the largest American companies is set to force President-elect Donald Trump to decide which bothers him more: Europe or Big Tech.

Catch up: Assad flees to Moscow; Israel targets Syria’s strategic weapons