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ROMEItalian Premier Giorgia Meloni and EU Commission President Ursula von der Leyen on Friday co-chaired a summit in Rome focused on strategic investments for Africa, announcing EU-Italy shared agreements worth €1.2 billion ($1.38 billion).The two leaders reaffirmed their common ambition to deliver “impactful partnerships, drive high-quality investments, and unlock opportunities for African-led sustainable growth – anchored in mutual respect, long-term collaboration, and shared prosperity,” they said in a joint statement. The Rome event was attended by African leaders from Angola, Democratic Republic of Congo, Tanzania, and Zambia, including the chairperson...

TOUAX PRESS RELEASE        Luxembourg, 12th June 2025 – 5:45 pm EIB provides finance for Touax Rail’s investment plan Touax has announced a €50 million green loan – a loan that is entirely dedicated to climate action – from the European Investment Bank (EIB) for the freight railcars part of its business. The EIB, which is the EU climate bank, is backing Touax’s sustained commitment to clean freight transport by supporting the Touax Sustainable Transportation project. Touax Rail received the loan on 30 April 2025 with a term of 14 years, providing the company with the...

Elior Manier for OANDA The most volatile major currencies in 20252025 has proven to be an unusually volatile year for foreign exchange movements. The Trump administration and ongoing conflicts have led to frequent exchanges between world leaders and policymakers, while record-high tariffs are affecting global trade more significantly than we have seen since the 2000s.Since 2020, the world has seen many disturbances compared to a much more geopolitically stable first part of the millennium. Between COVID-19, new conflicts around the globe, unprecedented central bank policies, and trade wars, there is...

Thousands Bulgarians took on the streets of the capital, Sofia, and other major cities on Saturday to protest government plans to adopt the euro and to demand a referendum on the issue (Image credit: AP) Thousands gathered in Bulgaria's capital Sofia and other major cities on Saturday to reject the country's plans to adopt the euro, the latest move by the eastern European country to strengthen its status in the European Union. Critics of the move are demanding that the government hold a referendum over whether the country should abandon...

By Nathan Vifflin AMSTERDAM (Reuters) -The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday in its official response to EU consultations for its upcoming investment budget. European lawmakers and industry groups are gathering momentum for a "Chips Act 2.0", pushing to quickly fill the gaps in the continent's semiconductor strategy. The 27-country bloc is consulting industry stakeholders, including the Brussels-based European arm of SEMI, as it plans its long-term spending for the period between 2028 and 2034,...

President Trump’s shake-up of the global trade system has sent tremors through the long-held view that the United States is the source of the world’s safest financial assets. That’s created an opportunity for Europe.The market tumult in which investors simultaneously sold off the U.S. dollar, American stocks and U.S. Treasury bonds eased last week as Mr. Trump backed off his threats to fire the Federal Reserve chair, Jerome H. Powell, and Treasury Secretary Scott Bessent tried to reassure foreign officials that trade deals would be struck.But many European officials attending...

President Donald Trump said Wednesday he will pause reciprocal tariffs for 90 days to more than 75 U.S. trading partners except for China, whose tariff rate he said will increase to 125%, effective immediately.U.S. markets reacted favorably, surging higher in afternoon trading. The Dow gained nearly 3,000 points and the S&P 500 rose 474. The Nasdaq rose more than 1,800.Trump's decision is the latest is a series of market-wrenching moves that have taken place since the president announced a series of tariffs on April 2. Stock market declines and a...

With around 180 currencies in use worldwide, it’s a difficult task to keep an eye on them all, especially when exchange rates cause constant fluctuations in how they perform. There is a huge range of factors which can push a currency up, or down, the global rankings, including low inflation, interest rates and exports.But what are the strongest currencies in the world? According to smartasset, a currency is classified as strong when it is worth more than another’s. In a country with a stronger currency, it would mean it would...

With around 180 currencies in use worldwide, it’s a difficult task to keep an eye on them all, especially when exchange rates cause constant fluctuations in how they perform. There is a huge range of factors which can push a currency up, or down, the global rankings, including low inflation, interest rates and exports.But what are the strongest currencies in the world? According to smartasset, a currency is classified as strong when it is worth more than another’s. In a country with a stronger currency, it would mean it would...

People on Wall Street react to sinking stocks from tariffsPeople on Wall Street reacted to the stock market downturn from Trump's tariffs announcement with a mix of worry and optimism.Stock markets in the U.S. and around the globe have dropped since President Donald Trump introduced tariffs on most imports, causing Americans to rethink their financial investments.After the opening bell on Wall Street on April 3, the Dow fell sharply in early trading and did not rebound later in the day, mirroring global markets and adding to the jitters for many Americans.The...