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German automaker Volkswagen said the company is planning to increase investments in the US to reduce the impact of tariffs and strengthen its position in the auto market.Volkswagen CEO Oliver Blume in an interview with the German paper, Süddeutsche Zeitung, said along with plans of massive investments in the US, the company is also engaging in discussions with the US government over tariffs.Tariff cloud and investments Copy link to section Blume said he had discussions with US Commerce Secretary Howard Lutnick over tariffs.The CEO of the largest automaker in Europe...

On the sidelines of the spring meetings of the International Monetary Fund and World Bank this week, Treasury Secretary Scott Bessent tried to convey an important message about the United States dollar.Speaking to a crowd of global policymakers, regulators and investors, Mr. Bessent sought to allay fears that had ballooned in recent weeks about the dollar’s global standing and the country’s role as the safest haven during times of stress. He reiterated that the administration would continue to have a “strong-dollar policy” and affirmed that it would remain the currency...