The dollar struggled to recover against major currencies on Wednesday, remaining near two-week lows as markets awaited clarity on President Donald Trump’s tariff plans. Trump said on Tuesday that his administration is considering imposing a 10% tariff on goods imported from China starting February 1. He also mentioned that Mexico and Canada could face tariffs … Read more
US President-elect Donald Trump has issued a stark warning to the BRICS alliance, threatening to impose 100% tariffs on member states if they continue their efforts to reduce dependence on the US dollar in global trade. Through his post on his social media platform, Truth Social, Trump affirmed his firm stance against any attempt to … Read more
Nokia said on Wednesday it has won a “multi-billion dollar” deal with India’s Bharti Airtel to deliver 4G and 5G equipment. The announcement comes at a time when Bharti Airtel, MediaTek and Nokia have successfully completed trials aimed at improving 5G uplink performance. The trial, conducted at Airtel’s technology lab, set a new benchmark by … Read more
The euro fell to its lowest levels in a year, reviving talk that the currency could reach the one-dollar level. Donald Trump’s victory in the US elections raises the possibility of increasing tariffs, which could deal a new blow to the euro zone economy. At around $1.06, the euro has fallen about 5% from its … Read more
A coalition of leading fintech and cryptocurrency companies, including Robinhood, Kraken, Paxos, and Anchorage Digital, have announced the launch of the Global Dollar Network – a new initiative aimed at accelerating the global adoption of stablecoins. At the heart of the project is USDG, a stablecoin pegged to the US dollar, designed to offer a … Read more