Here’s a quick dive on EU-US tradeCargo shipping containers wait to be loaded by cranes on container ships at the Burchardkai container terminal at the harbour of Hamburg, northern Germany, on June 3, 2025.Fabian Bimmer | Afp | Getty ImagesFollowing President Trump’s decision to impose 30% tariffs on imports from the EU — we wanted to take a deep dive into the volumes of trade between the two.Together, the EU and U.S. make up almost 30% of all global trade in goods and services and 43% of global GDP. In 2024, trade between the two totaled some 1.7 trillion euros…
Author: usaeverydaylife
Fireworks light up the London skyline and Big Ben just after midnight on Jan. 1, 2025.Carl Court | Getty Images News | Getty ImagesLondon, the jewel in the crown of the U.K.’s economy and national culture, has taken a bit of a battering lately, with big business looking to expand elsewhere, workers looking for more affordable places to live and a flock of millionaires fleeing the city.A new tax regime targeting the “non-dom” status of the London-based super rich prompted an estimated 10,000 millionaires to flee the city in 2024 in search of safer havens for their cash. For the…
Key PointsSecond-quarter earnings are set to be reported against a background of macro-economic uncertainty governed by U.S. President Donald Trump’s trade tariffs.Energy, the cyclical consumer and the financial sector will be some of the most closely watched in European markets this reporting season.Earnings per share across Europe’s benchmark Stoxx 600 are expected to fall 0.2% on an annualized basis in the second quarter, according to LSEG I/B/E/S research.U.S. President Donald Trump’s tariff policies are dominating attention ahead of the second-quarter earnings season, especially in Europe, where five companies worth over 50 billion euros ($58 billion) are due to report this…
Nvidia CEO Jensen Huang has downplayed U.S. fears that his firm’s chips will aid the Chinese military, days ahead of another trip to the country as he attempts to walk a tightrope between Washington and Beijing. In an interview with CNN aired Sunday, Huang said “we don’t have to worry about” China’s military using U.S.-made technology because “they simply can’t rely on it.””It could be limited at any time; not to mention, there’s plenty of computing capacity in China already,” Huang said. “They don’t need Nvidia’s chips, certainly, or American tech stacks in order to build their military,” he added.The comments…
This photograph shows Bitcoin stickers displayed at the microbrewery and bar La Fracasse, in Talence, on the outskirts of Bordeaux, south-western France on June 26, 2025. Christophe Archambault | Afp | Getty ImagesBitcoin extended a rally to rise to a new record above $120,000 Monday, fueled by a rally in bitcoin ETFs.The price of the largest cryptocurrency by market capitalization briefly topped $121,249.90, according to data from Coin Metrics.The rally has seen bitcoin reach new highs amid more inflows into bitcoin ETFs. On Thursday, bitcoin ETFs had logged their biggest day of inflows in 2025 at $1.18 billion.”We believe that…
A cargo ship loads and unloads containers at the Qianwan Container Terminal of Qingdao Port in Qingdao City, Shandong Province, China, on July 10, 2025. Costfoto | Nurphoto | Getty Images China’s exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier, customs data showed Monday, exceeding Reuters’ poll estimates of a 5% jump.Imports rose 1.1% from a year earlier. While missing economists’ expectations of a 1.3% rise, that marked the first time that…
The following is the prepared text from Jim Cramer’s address to members of the CNBC Investing Club at Friday’s third annual meeting from the New York Stock Exchange. It’s time to do something that so many are loath to do, and to do it here because you deserve the truth. The vast majority of my friends, both in and out of business, refuse to allow even a sentence uttered, maybe not even a word, that is positive about President Donald Trump. I get that. There are myriad reasons to dislike the man. I know from my time as a judge…
The Guadalupe River flows past a make-shift memorial, Saturday, on July 12, 2025, in Kerrville, Texas.Eric Gay | AP PhotoMore heavy rains in Texas on Sunday temporarily paused a weeklong search for victims of catastrophic flooding along the Guadalupe River and led to high-water rescues elsewhere as officials warned that the downpours could again cause waterways to surge.It was the first time a new round of severe weather had paused the search since the July Fourth floods, which killed at least 129 people. Authorities believe more than 160 people may still be missing in Kerr County alone, and 10 more…
President Donald Trump participates in a round table event at the Hill Country Youth Event Center to discuss last week’s flash flooding on July 11, 2025 in Kerrville, Texas. Chip Somodevilla | Getty Images No one likes working over the weekend.Unless you are the leader of the free world firing off social media posts — that is, after all, what counts as work for many politicians nowadays —announcing barriers to the free movement of goods.It’s anyone’s guess why U.S. President Donald Trump posted tariff letters to the European Union and Mexico — a steep 30% on goods imported from both…
Singapore’s economy grows 4.3% in second quarter, beating expectationsSingapore’s economy grew at 4.3% year over year in the second quarter of the year, accelerating from 3.9% in the first quarter and beating expectations.The advance figure was higher than the 3.5% forecasted by Reuters.On a quarter-on-quarter basis, Singapore’s GDP grew by 1.4%, a turnaround from the 0.5% contraction last quarter.Read the full story, here.— Lim Hui JieAsia-Pacific markets open mixedAsia-Pacific markets started the day mixed Monday.As of 8.10 a.m. Singapore time, Japan’s Nikkei 225 benchmark lost 0.33% while the broader Topix index ticked down 0.21%.In South Korea, the Kospi index was up 0.22%…
