By Reuters Oil prices climbed on Tuesday as investors took advantage of the previous day’s losses to cover short positions, although concerns persisted over economic headwinds from tariffs and U.S. monetary policy that could dampen fuel demand. Brent crude futures rose 42 cents, or 0.6%, to $66.68 a barrel at 0620 GMT. The U.S. West

Skyscrapers of the City of London financial district and St Paul’s Cathedral are seen behind a bus crossing Waterloo Bridge in London, Britain, March 28, 2025. Photographer Toby Melville/File Photo By Reuters Britain’s biggest companies adopted their most defensive stance since early 2020 in the run-up U.S. President Donald Trump’s April 2 tariff announcements and

New vehicles are on display at a Ford dealership in Vancouver, British Columbia, Canada, on April 3, 2025. Photographer by Liang Sen By Xinhua News Agency Ford CEO Jim Farley warned at a recent investor conference in New York that levying steep tariffs on imported goods “would blow a hole in the U.S. industry that

People walk dogs on a playing field near the British Steel works in Scunthorpe, northern England, Britain, March 31, 2025. Photographer Dominic Lipinski/File Photo By Reuters Britain moved to take control of British Steel and keep its blast furnaces open on Saturday, as a minister told an emergency parliamentary session that a full nationalisation of

The crude oil tanker Pink Stars is moored to a single point mooring (SPM) at the Caspian Pipeline Consortium’s Marine Terminal in Yuzhnaya Ozereevka near the Black Sea port of Novorossiysk, Russia, October 16, 2019. Caspian Pipeline Consortium/Handout via Reuters/File Photo By Reuters Oil prices retreated on Thursday as U.S. President Donald Trump ramped up

By Anadolu Agency Global markets reeled on Wednesday under intense selling pressure, with the Volatility Index (VIX) — often dubbed the “fear index” — surging to its highest level in five years, while gold prices jumped over 2% as investors rushed to safe havens. The turmoil followed heightened fears of a global recession, triggered by

This photo taken on Oct. 8, 2024 shows the Shenzhen Stock Exchange in Shenzhen, south China’s Guangdong Province. Photographer Liang Xu By Xinhua News Agency In the face of global financial turbulence, China has unveiled a series of swift and intensive measures aimed at stabilizing the capital markets and restoring investor confidence. Affected by sweeping

By Anadolu Agency US President Donald Trump signed an executive order Wednesday delivering on his long-promised vow to impose reciprocal tariffs on nations worldwide in a move that has sent markets sharply lower for months. A minimum baseline tariff of 10% will be imposed on all countries except Canada and Mexico, with higher sums charged

By Reuters The dollar firmed a touch and other currencies held in tight ranges on Wednesday as traders anxiously awaited details of U.S. President Donald Trump’splans for tariffs, which could upend the global trading system and shake financial markets. The euro last bought $1.0784 while sterling fetched $1.2907, both easing slightly ahead of a White

Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. Photographer Angelika Warmuth/File Photo By Reuters Gold prices hit a record peak on Tuesday, as concerns that U.S. President Donald Trump’s reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven