Russia’s budget deficit widens to $34.4 billion after late spending spree
(Reuters) – Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply compared with 2023 as Moscow ploughed economic
Donald Trump sworn in as 47th US president
Investing.com — Donald Trump has been inaugurated as the 47th president of the United States. The swearing-in ceremony was conducted by Chief Justice John Roberts. Alongside him, JD Vance took the oath of vice presidency, administered by Justice Brett Kavanaugh. In
Trump says he will tariff and tax foreign countries
WASHINGTON (Reuters) – U.S. President Donald Trump on Monday said he would tariff and tax countries to enrich Americans, promised an overhaul of the trade system, and said the United States would establish an “external revenue service”. “We are establishing the
FTSE 100 hits another record high, investors eye Trump policies
(Reuters) -London’s blue-chip FTSE 100 hit a record high on Monday for the second session in a row as investors awaited Donald Trump’s return to the White House for fresh insights on his stance on tariffs and international relations. The
Guggenheim expects Fed to cut rates about every quarter in 2025
By Divya Chowdhury and Bansari Mayur Kamdar DAVOS, Switzerland (Reuters) – Guggenheim Partners’ chief investment officer forecast on Monday that the U.S. Federal Reserve is likely to cut interest rates roughly every quarter in 2025, bringing the reduction to around 75