Markets & Industries
IEA forecasts investment in global oil and gas production to fall in 2025 for the first time in 5 years - 06/06/2025
In 2025, investments in the upstream segment by oil and gas companies could drop for the first time in five years, decreasing by 4% to just below $570 billion. This is the prediction made by analysts at the International Energy Agency (IEA) in the yearly report World Energy Investment. Specifically, funding for oil exploration and production will decline by 6%, whereas investments in gas will see...
ECB cuts eurozone inflation forecast for 2025-2026 - 06/06/2025
The European Central Bank stated in its forecast that consumer prices in the eurozone will rise by 2% in 2025 and by 1.6% in 2026. The document was released following a forecast where the ECB reduced rates by 25 bps. Three months prior, the regulator predicted inflation for 2025 at 2.3 percent and for 2026 at 1.9 percent. The update is because of anticipated decreases in energy expenses and a...
German government approves €46bn business tax incentives package - 06/05/2025
According to Reuters, citing the German Finance Ministry, the German government approved a tax relief package worth €46 billion to aid businesses and the overall economy from 2025 to 2029. The package includes advantageous depreciation regulations that enable businesses to decrease the asset value more rapidly, allowing for reductions of up to 30% annually during the initial three years. ...
Tesla sales in France fall threefold in May - 06/03/2025
In May, 721 new Tesla electric cars were registered in France, a figure three times lower than the nearly 2.2 thousand cars from the same month last year, according to local industry group La Plateforme Automobile. This marks the smallest volume since July 2022. In the initial five months of this year, 8.28 thousand vehicles from this American maker were sold in the nation, down 47%...
OPEC+ countries to increase oil production in July due to healthy market and sustainability outlook - 06/02/2025
The eight OPEC+ nations consented to a third straight rapid rise in oil output by 411,000 bpd, citing the prospects for global economic sustainability and current robust market conditions, as indicated by low commercial oil stocks, OPEC stated in a press announcement after the meeting. The alliance points out that these plans could be delayed or terminated based on how market conditions evolve....
Trump approves merger of US Steel and Nippon Steel - 05/27/2025
US President Donald Trump has given green light for the merger between US Steel and Japan's Nippon Steel, according to CNBC. ‘This will be a strategic alliance between United States Steel and Nippon Steel that is expected to generate at least 70,000 jobs and invest $14 billion into the American economy,’ he wrote on his Truth Social platform. According to Trump, US Steel will stay in...
JPMorgan Chase will continue to deepen its engagement with China's capital markets - 05/26/2025
JPMorgan Chase & Co., the biggest bank in the U.S. by assets, will further enhance its involvement with China's capital markets and improve support for international firms operating in China as well as Chinese companies seeking opportunities abroad, stated Jamie Dimon, the bank's head, during a meeting with China’s Vice Premier He Lifeng in Beijing, writes Xinhua. Dimon also expressed...
Bitcoin exchange rate exceeds $111,000 for the first time in history - 05/23/2025
Bloomberg reports that the price of bitcoin has surpassed $111,000 for the first time ever. The value at its peak hit $111,878. The increase in the bitcoin rate was driven by traders' positive sentiment about the cryptocurrency's future due to demand from institutional investors and backing from the Donald Trump administration. Positive sentiment was driven by the progress of the stablecoin bill...
European Commission launches investigation into tires from China - 05/22/2025
On Wednesday, the European Commission (EC) initiated an investigation into tires for cars and light trucks imported from China after a formal complaint was submitted by representatives of the European Union tire sector. The EC stated that it claims Chinese tires are being sold at an unjust price, which is damaging to European producers. If the investigation determines that tire imports...
Glitch in Bloomberg terminal disrupts bond trading in Europe - 05/22/2025
On May 21, a malfunction in the Bloomberg terminal interrupted bond trading throughout Europe, as reported by the agency itself, along with Reuters and The Wall Street Journal, referencing Bloomberg officials and traders. Bloomberg announced that its systems were returning to normal following the short disruption and that terminal operations had been reinstated. The support service explained that...
