Wall Street’s bull run showed signs of fatigue Tuesday as major indices retreated from records on drops by Amazon, Nvidia and other tech giants.The pullback followed comments from Federal Reserve Chair Jerome Powell warning that cutting interest rates “too aggressively” could stoke inflation, while the central bank boss also emphasized the need to try to …
US stocks retreat from records as tech giants fall Read More »
All eyes are on China this week, as the world’s biggest polluter readies a new emissions-cutting plan — reinforcing its role as a steadfast defender of global climate diplomacy while Europe stalls and the United States doubles down on fossil fuels.United Nations Secretary-General Antonio Guterres has convened a mini climate summit on Wednesday during a …
China may strengthen climate role amid US fossil fuel push Read More »
The world economy will grow more than previously forecast this year after absorbing the shock of US President Donald Trump’s tariffs, but their full impact remains uncertain, the OECD said Tuesday.In June, the Paris-based organisation had cut its forecast from 3.1 percent to 2.9 percent, warning at the time that Trump’s tariffs would stifle the …
OECD raises world growth outlook as tariffs contained, for now Read More »
