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MAY 1, 2026
The deal agreed last year reduced tariffs on EU cars to 15% from a proposed 50%. - Photograph: Krisztian Bocsi/Getty Images
Donald Trump has said he is tearing up part of the tariff deal he struck with EU leaders at his golf course in Scotland last summer, criticizing Brussels for taking so long to ratify the deal.
Blindsiding Brussels...
MAY 1, 2026
Elon Musk's latest Tesla pay. - Getty Images
Tesla has valued its compensation for billionaire boss Elon Musk at a whopping $158bn (£117bn) in 2025 - according to regulatory filings submitted on Thursday - but also disclosed he will not be getting any of it.
Musk's compensation reflects the firm's estimate of what he would earn should he meet the...
APRIL 30, 2026
Pete Hegseth, US secretary of defense, during a House Armed Services Committee hearing in Washington, DC, US, on Wednesday, April 29, 2026. The hearing is set to examine the Department of Defense 2027 budget request. - Daniel Heuer/Bloomberg via Getty Images
On Wednesday, the Trump administration finally let the cat out of the bag that Operation Epic Fury, America’s war...
APRIL 29, 2026
President Donald Trump walks with King Charles III during an arrival ceremony on the South Lawn of the White House on Tuesday. (Brendan Smialowski / AFP via Getty Images)
A toast, a bell and a few well-placed punchlines.
King Charles III is heading to New York from Washington on Wednesday, leaving a trail of raised eyebrows and knowing laughs.
Between quips about history...
APRIL 29, 2026
UAE quits OPEC.
The United Arab Emirates said Tuesday it plans to increase energy production as part of its exit from the Organization of the Petroleum Exporting Countries on May 1.
More supply should, in theory, mean lower global oil prices down the road. Yet much still hinges on the trajectory of the Iran war, global crude supplies and...
APRIL 27, 2026
With the Strait of Hormuz closed, a widespread inflation spike is looming - Meysam Mirzadeh/Tasnim/West Asia News Agency/Reuters
We’re on the brink of a potential global recession, warned the International Monetary Fund (IMF) earlier this month – driven by the escalating conflict in the Middle East and a related rise in worldwide energy prices.
With the Strait of Hormuz...
APRIL 27, 2026
U.S. President Donald Trump speaks during a joint press conference with Indian Prime Minister Narendra Modi at the White House in Washington, D.C., U.S., February 13, 2025. REUTERS/Nathan Howard
NEW DELHI - India has dismissed as "uninformed" comments shared by U.S. President Donald Trump that described the country as a “hellhole”, saying they were inappropriate and inconsistent with...
APRIL 19, 2026
Tankers anchored in the Strait of Hormuz on April 18. (AP Photo)
Iran fired on two Indian-flagged merchant ships in the Strait of Hormuz on Saturday after reversing a one-day reopening of the waterway, escalating a standoff with the United States that has pushed the region to the brink of renewed conflict.
The attacks—captured in a harrowing 33-second audio recording—came hours after...
APRIL 17, 2026
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 9, 2026. REUTERS/Staff/File Photo
LONDON - The price of oil tumbled and stocks and government bonds rallied on Friday after Iran's foreign minister said that the Strait of Hormuz was open for passage while a ceasefire is in force.
Abbas...
APRIL 14, 2026
File photo: the Treasury Department building is seen, March 13, 2025, in Washington.
A Trump administration executive order that would require banks to collect citizenship information from customers is in “process,” U.S. Treasury Secretary Scott Bessent said Monday, as experts warn it could leave millions of Americans without access to a bank account.
In an interview at the Semafor World Economy’s inaugural Treasury Secretary Dinner...
