Trump’s Musk-led advisory panel to face lawsuit, Washington Post reports
WASHINGTON (Reuters) – Donald Trump’s government advisory panel, led by billionaire ally Elon Musk, will be sued soon after the incoming U.S. president is sworn in on Monday, the Washington Post reported, citing a copy of the planned complaint by
Analysts see Saudi debt risk on oil prices fall
Capital Economics released an update concerning Saudi Arabia’s public debt burden and its potential trajectories based on varying oil price scenarios. The report highlighted the Kingdom (TADAWUL:4280)’s significant reliance on hard currency debt issuances in recent years,
EU to approve new French deficit-cutting plan on Tuesday
BRUSSELS (Reuters) – European Union finance ministers will approve French Prime Minister Francois Bayrou’s deficit-cutting plan on Tuesday as it complies with the EU’s recommendations to bring the French deficit below 3% of GDP by 2029, officials said. Senior officials of
Column-BoE could slow QT to hold off bond vigilantes
By Mike Peacock , (Reuters) – Bond vigilantism has returned to Britain, raising the prospect that the government will be forced to consider politically toxic tax rises or public spending cuts to placate investors concerned about the country’s fiscal health. But
Top IKEA retailer warns in Davos that tariffs could drive prices higher
By Divya Chowdhury and Helen Reid DAVOS, Switzerland (Reuters) -For budget furniture retailer IKEA, the fewer trade tariffs there are, the better, CEO of Ingka Group, the biggest global IKEA franchisee, told Reuters on Monday as businesses braced for higher possible