US suspends duties on Moroccan phosphate fertilizer imports The US has suspended certain duties on phosphate fertilizer imported from Morocco. The move is part of a broader effort to address trade issues. Other trade developments include the EU and China la
EU and China set October deadline for trade deficit progress The EU and China have launched a formal trade consultation mechanism to address a €360 billion annual trade deficit. The mechanism covers four key areas, including trade balance, export controls, and inte
Fund managers cite tech exposure and intra-EM trade as key drivers for maintaining positions in Korea and Taiwan amid geopolitical tensions. Emerging market allocators remain overweight in Korea and Taiwan, driven by strong tech sector performance despite ongoing Middle Ea
Kremlin acknowledges fuel crisis following sustained Ukrainian drone attacks on Russian refining capacity, prompting government intervention. Russia has confirmed fuel shortages after weeks of Ukrainian drone strikes targeting its refineries, forcing the Kremlin to interve
Renewed geopolitical risks boost crude oil and the dollar, pressuring gold despite long-term bullish forecasts from analysts. Gold futures retreated Monday, snapping a two-day rally, as escalating U.S.-Iran tensions drove crude oil higher and stoked inflation concerns. The
The 21st Century ROAD to Housing Act includes a provision blocking a U.S. central bank digital currency, awaiting Trump’s decision within 10 days. President Donald Trump has 10 days to sign or veto the 21st Century ROAD to Housing Act, which includes a ban on a Federal Res
Regional governments boost renewable energy spending to reduce reliance on Middle East oil imports amid geopolitical instability. Southeast Asia has ramped up solar power investments following prolonged tensions in the Strait of Hormuz, disrupting global oil supplies. The
Tehran dismisses direct talks with Washington in Doha, casting doubt on the June 17 ceasefire deal amid fresh military exchanges. Iran’s president rejected US threats as irrational, emphasizing adherence to a mutual understanding only if Washington complies with a memorand
In brief - Galaxy Digital has cut its odds of the CLARITY Act passing in 2026 to 50%, down from 60% earlier this month and 75% in May. - The crypto market structure bill is running out of Senate floor time before the August recess, with a contested housing bill and an elections...</strong
Elon Musk signals SpaceX will surpass analyst projections of $100 billion annual revenue by 2028, citing vertical integration and AI growth. Elon Musk stated SpaceX would exceed $100 billion in annual revenue by 2028, dismissing analyst estimates as too conservative. The t
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