Lola Evans

1 week ago | bignewsnetwork.com | Lola Evans

BRUSSELS, Belgium - The Europesn Central Bank has slashed official interest rates in the wake of the financial crisis triggered by U.S. trade tariffs. The ECB, as expected, reduced the official rate by 25 basis points, from 2.50 percent to 2.25 percent. "The economic outlook is clouded by exceptional uncertainty.

1 week ago | bignewsnetwork.com | Lola Evans

ABU DHABI, UAE - The National, the English-language newpaper based in Abu Dhabi, has appointed journalist Manus Cranny as its Geo-Economics Editor. This newly established role focuses on reporting at the intersection of macroeconomics, business, and geopolitics, particularly within the Middle East and North Africa (MENA) region.​ Cranny brings over 30 years of experience in business, finance, and media.

1 week ago | bignewsnetwork.com | Lola Evans

NEW YORK, New York - U.S. stocks ended with minor losses on Tuesday as investors and traders continued to navigate markets with continued nervousness over developments on the trade front. "Earnings have been pretty good, but this is a market that's just beset by tariff and trade uncertainty and those are really the only catalysts that matter at this point," Ross Mayfield, investment strategist at Baird in Louisville, Kentucky told Reuters Tuesday.

1 week ago | uclpimedia.com | Lola Evans

Riek Machar, South Sudan’s Vice President and leader of the main governmental opposition party, SPLM-IO, has been detained by government forces in his home. In a video statement released on Wednesday night, SPLM-IO spokesperson Pal Mai Deng announced that Machar had been placed under house arrest by order of President Salva Kiir and that Machar’s life was ‘at risk’.

2 weeks ago | bignewsnetwork.com | Lola Evans

NEW YORK, New York - U.S. stocks fell sharply Thursday, wiping out much of the gains that came in the relief rally a day earlier after President Donald Trump reversed various trade policies but double-downed on China, lifting tariffs on that country to 145 percent. "Investors have sobered up," Melissa Brown, SimCorp managing director of applied research told CNBC Thursday. "Uncertainty is a big issue because the 145 percent rate could be a different number tomorrow.