Philip Lagerkranser

1 week ago | bloomberg.com | Philip Lagerkranser

Higher US tariffs will drive euro-area inflation lower than previously forecast, bolstering the case for the European Central Bank to cut interest rates this week. Analysts also expect the economy to grow 0.8% this year, a slight downward revision, a survey showed. The survey, which doesn’t take into account US President Donald Trump’s decision to pause higher tariffs on much of the world, comes as the EU plans to send its trade chief to Washington to negotiate.

2 weeks ago | bloomberg.com | Philip Lagerkranser

The fallout from Donald Trump’s global trade tariffs continued, with pharmaceutical companies warning European Commission President Ursula von der Leyen of a potential exodus to the US. Regulators on the continent, meanwhile, are scrutinizing the liquidity of banks amid the turmoil. Trump has made clear that a European Union proposal to drop tariffs on all bilateral trade in industrial goods won’t be enough. That means a 20% US tariff on all EU imports will take effect tomorrow.

3 weeks ago | bloomberg.com | Philip Lagerkranser

France and Germany are among countries pushing for a robust response to Donald Trump’s new tariffs, which ripped through global markets today. French President Emmanuel Macron believes the European Union should be ready to respond with options such as targeting US tech and services, we are told. EU deliberations came as stock markets tanked and investors reassessed growth prospects for economies hit by the steepest American tariffs in a century.

1 month ago | bloomberg.com | Philip Lagerkranser

Turkey’s President Recep Tayyip Erdogan adopted a tough stance as the main opposition party called for nationwide protests following the detention of his biggest political rival. The government won’t bow to “street terror” or disruption of public order, he said today in Istanbul. Thousands of people have taken to the streets in past days, defying a ban on protests after authorities detained Istanbul’s mayor Ekrem Imamoglu. Erdogan had previously sought to distance himself from the events.

1 month ago | bloomberg.com | Philip Lagerkranser

Vladimir Putin won’t compromise on demands on land, peacekeepers and Ukraine’s neutrality in any peace talks, Western security officials tell us. The Russian leader knows his price won’t acceptable to Ukrainians and other Europeans and is prepared to continue fighting, they added. The assessment clashes with US President Donald Trump’s stated view that he believes Putin wants peace.