To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble that inflated prior to the global financial crisis of 2008. Both frenzies were driven by investors’ unrealistic expectations about how quickly new energy technologies would be taken up.
The US dollar firmed on Monday with the yen at a more than six-week low as investors anticipated a response from Iran to US attacks on its nuclear sites, though some analysts said the FX reaction had been relatively muted.
Qatar held crisis talks this week with energy majors after Israeli strikes on Iran’s huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters.
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc’s trade chief said Wednesday.
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
The EU’s retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington.
Why do investors flock to gold when economic times turn tough? As the precious metal reaches record highs AFP explains why it remains such a trusted lifeline.
Euro zone economic growth could fall much more from the impact of US trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.
To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble that inflated prior to the global financial crisis of 2008. Both frenzies were driven by investors’ unrealistic expectations about how quickly new energy technologies would be taken up.
The US dollar firmed on Monday with the yen at a more than six-week low as investors anticipated a response from Iran to US attacks on its nuclear sites, though some analysts said the FX reaction had been relatively muted.
Qatar held crisis talks this week with energy majors after Israeli strikes on Iran’s huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters.
The European Union is accelerating free trade talks with Asia following hefty tariffs by US President Donald Trump, the bloc’s trade chief said Wednesday.
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
The EU’s retaliatory tariffs on US goods worth 21 billion euros will be on hold until July 14, Brussels said on Monday, to give time for negotiations with Washington.
Why do investors flock to gold when economic times turn tough? As the precious metal reaches record highs AFP explains why it remains such a trusted lifeline.
Euro zone economic growth could fall much more from the impact of US trade tariffs than initially estimated by the European Central Bank and the turmoil could also drag inflation down in the near term, four sources told Reuters.
As President Donald Trump launches his tariff war against both friends and foes of the United States, concerns are once again surfacing about the US dollar’s future as the global reserve currency.
The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium.
