Category: Finance & Economy
From Lev to Euro: How Bulgaria Lost Control of Its Economic Destiny
Over the past century and a half, Bulgaria’s national currency—the lev—has undergone significant transformations, reflecting the country’s political, economic, and geopolitical evolution. From its origins[more...]
Trump Announces 50% Tariff on Copper Effective August 1
U.S. President Donald Trump announced on Wednesday a new 50% tariff on copper to start on August 1 in a bid to promote domestic development[more...]
Bitcoin Wallets Reactivate After 14 Years, Transfer of $8.6 Billion in BTC Overnight
On July 4, 2025, eight Bitcoin wallets from the Satoshi era reactivated after being inactive since 2011, shaking up the cryptocurrency market. These wallets, which each held[more...]
Trump Says He Would ‘Absolutely’ Sign Ban On Congressional Stock Trading
President Trump said in an interview published Friday he would “absolutely” sign legislation to ban congressional stock trading if it reached his desk. “Well, I watched Nancy Pelosi get[more...]
World Economic Forum Founder Steps Down From Chairmanship
Klaus Schwab, founder of the World Economic Forum, whose annual gathering of business and political leaders in the Swiss mountain resort of Davos became a[more...]
Wells Fargo To Make Major Change To All Its 4,349 Locations And Digital Banking Operations
Wells Fargo is set to unveil major changes to all its 4349 locations along with its digital banking operations. The banking giant’s CEO, Charles W. Scharf,[more...]
China And EU Discuss Trade In Response To U.S.’ Punitive Tariffs
China and the European Union have exchanged views on strengthening their economic and trade cooperation in response to U.S. tariffs, the Chinese Commerce Ministry said[more...]
Deutsche’s Dollar Downer
George Saravelos, global head of FX research at Deutsche Bank, has been worried about the outlook for the dollar for a while. Recent events have[more...]
Undeniable Results: Trump’s Tariffs Are Delivering Big Wins
President Trump’s bold tariff strategy is already shaking things up. Just this week, he unveiled a sweeping new trade policy—imposing a universal 10% tariff on all imports[more...]
Gold Soars to Record High After Fed Holds Rates Steady
Spot gold hits an all-time high of $3,051.99/oz US rate futures price in two rate cuts in 2025 Fed likely to resume rate cuts in[more...]
