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Inflation was tame in May but President Trump's tariff policy may cause consumer prices to rise noticeably heading into summer, economists said.

US Treasury Secretary Scott Bessent blamed Democrats for what he predicted will be another unusually large budget deficit this year.

The European Union believes trade negotiations with the US could extend beyond President Donald Trump’s July 9 deadline, even as the speed of the talks has increased over the past week.

Slovak Prime Minister Robert Fico threatened to block the European Union’s new sanctions package against the Kremlin unless the bloc comes up with a way to address the potential loss of Russian energy supplies.

Tensions in the US-Iran nuclear talks came to the fore as President Donald Trump voiced skepticism about an agreement, while Tehran raised the prospect of attacks on American bases.

Nvidia Corp. Chief Executive Officer Jensen Huang projected that Europe’s artificial-intelligence computing capacity will increase by a factor of ten over the next two years, with more than 20 so-called AI factories in the works.

President Donald Trump said a trade framework with China has been completed, with Beijing supplying rare earths and magnets “UP FRONT” and the US allowing Chinese students into its colleges and universities.

The Czech central bank governor touted the benefits of his country’s currency, saying that the koruna puts it in a better position to moderate price-growth than the euro would.

Tulsi Gabbard, the US director of national intelligence, released a video Tuesday warning that the world is closer to nuclear war than ever and accusing unnamed political elites of trying to foment conflict between world powers.

US CPI Report May 2025: Live News on Inflation, Consumer Price Index

The US and China capped two days of high-stakes trade talks with a plan to revive the flow of sensitive goods — a framework now awaiting the blessing of Donald Trump and Xi Jinping.

NATO allies will consider allowing contributions to Ukraine’s defense to be included in the new spending target alliance members are expected to adopt at a leaders’ summit later this month.

A growing chorus of advisers inside and outside the Trump administration are pushing another name to serve as the next chair of the Federal Reserve: Treasury Secretary Scott Bessent.

The World Bank on Tuesday cut its forecast for global growth this year and warned that the 2020s are on track for the weakest performance for any decade since the first Apollo moon landing because of trade tensions and policy uncertainty.

The European Central Bank should wait until at least September to have an in-depth discussion about an interest-rate move, according to Governing Council member Boris Vujcic.

Blackstone Inc. is planning to invest as much as $500 billion in Europe over the next 10 years, underlining the continent’s growing appeal to investors during a period of geopolitical flux.

Iran will suggest a framework agreement in nuclear talks with the US, a senior official said, raising the prospect of an interim deal that could be followed by further negotiations.

The famously big-spending demographic is back on the road, but not back to its old ways.

Spain’s economy will grow at the slowest pace in almost two years this quarter, according to new forecasts from the central bank.

The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against Ukraine.

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

Trade talks between the US and China stretched on in London, with the US signaling a willingness to remove restrictions on some tech exports in exchange for assurances that China is easing limits on rare earth shipments.

Policymakers need to stay alert to the risk of deflation reappearing.

The mini rally in Bitcoin over the past few trading sessions has made every purchase of the cryptocurrency by Michael Saylor’s Strategy over the last four plus years profitable.

Trade talks between the US and China will continue into a second day, according to a US official, as the two sides look to ease tensions over shipments of technology and rare earth elements.

European Central Bank Executive Board member Isabel Schnabel sees a favorable moment now to strengthen euro’s global role as investors turn to Europe.

European Central Bank Governing Council member Joachim Nagel said he can’t judge if interest-rate cuts are over for this year and next steps are totally open, according to an interview with Deutschlandfunk.