archiveUrsula von der Leyen

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...

US stock futures jumped Monday night following President Trump's decision to delay a broad 50% tariff on all EU products from June to July to allow time for negotiations. Futures tied to the Dow Jones Industrial Average (YM=F) rose 0.9%, with S&P 500 contracts (ES=F) flying up 1.1%. Futures for the tech-heavy Nasdaq 100 (NQ=F) surged 1.3%. The jumps followed Trump’s Sunday announcement that he would postpone a 50% tariff on EU imports until July 9. The move came after a request from European Commission President Ursula von der Leyen,...

Gold prices climbed on Monday, buoyed by a fresh wave of safe-haven buying following Moody’s decision to downgrade the US credit rating and renewed trade tensions out of Washington. Gold futures (GC=F) climbed 1.4% to $3,232.70 per ounce at the time of writing, while the spot gold price rose 0.8% to $3,229.61 per ounce. "The Moody's downgrade of the US credit rating, and the corresponding risk-off reaction by the market, has put some pep back into the gold price," said KCM Trade chief market analyst Tim Waterer. Moody’s cut its...