European Central Bank officials have urged policymakers to remain cautious when adjusting interest rates, as geopolitical tensions linked to the war in Iran continue to shape the economic outlook across the euro area. The warning reflects mounting uncertainty about how rising energy costs could influence inflation and growth in the coming months. ECB Vice-President Luis de Guindos emphasized the importance…
After a year of decisions and emergency orders that have generally expanded President Donald Trump’s ability to remove leaders of “independent” federal bodies, the U.S. Supreme Court is indicating that the Federal Reserve may be treated differently. In recent months, the justices have repeatedly suggested that while presidents can dismiss some agency officials for virtually any reason, members of the…
Business executives and political leaders are converging on Davos, Switzerland, for the annual meeting of the World Economic Forum (WEF), a gathering that brands itself as a platform for dialogue and economic progress even as geopolitical friction and economic anxiety intensify. Organizers say the four-day event is framed this year around “A Spirit of Dialogue,” with debates expected to range…
Revolut, the London-based financial technology company, said it has applied for a full banking license in Peru, positioning the Andean nation as the firm’s latest entry point in a broader regional expansion. The move represents Revolut’s fifth planned market expansion in Latin America, following previously announced intentions to build a presence in Brazil, Mexico, Colombia, and Argentina. The company, valued…
The United Arab Emirates’ climate investment platform ALTERRA and Spanish lender BBVA said they plan to establish a $1.2 billion co-investment vehicle to finance climate-aligned projects and companies worldwide. The proposed fund, named the ALTERRA Opportunity Fund, is designed to deploy capital across infrastructure, private equity, and private credit, according to a joint statement from the two organisations. As part…
JPMorgan Chase & Co. reported fourth-quarter results that exceeded analysts’ expectations, driven by a strong performance from its markets business as volatility increased client activity. The bank said markets revenue rose 17% in the final three months of 2025, with equities trading particularly strongly. Equities revenue rose 40%, driven by higher activity in areas such as prime brokerage, while fixed…
The Swiss National Bank (SNB) reported a profit of approximately 26 billion Swiss francs (approximately $33 billion USD) for the 2025 financial year, marking one of the most profitable years since the institution’s founding in 1907. The central bank attributed the robust result largely to a dramatic surge in gold prices, which significantly boosted the value of its precious metal…
