The scale of Germany’s ambitions to radically expand defense and infrastructure spending have raised thorny questions about how such spending can be reconciled with EU fiscal rules that Germany — previously a fiscal hawk — had long pushed for. Since March, however, Germany has led a concerted pushed for a loosening of those rules to
Cryptocurrency continues to dominate headlines as a modern-day gold rush—especially for high-profile investors leveraging political ties. A prime example? Barron Trump, the youngest son of US President Donald Trump, who has reportedly amassed a digital fortune worth $40 million (£29.72 million). His earnings stem from the family’s crypto venture, World Liberty Financial, and highlight the
During an interview in September, when the Trump family launched World Liberty Financial, a crypto venture, he had said his son Barron Trump was all in on cryptocurrency prior to him even knowing about it. Barron may have earned close to $40 million, resulting in an estimated net worth of $25 million after taxes and
In the pre-2008 lending boom, American banks sold their dodgiest “subprime” loans to investors around the world. When the U.S. housing bubble burst and borrowers defaulted en masse, a global financial crisis ensued. Brussels now wants to loosen the rules governing the practice, meaning banks would need to put aside less capital against the loans
WASHINGTON (AP) — President Donald Trump faces the challenge of convincing Republican senators, global investors, voters and even Elon Musk that he won’t bury the federal government in debt with his multitrillion-dollar tax breaks package. The response so far from financial markets has been skeptical as Trump seems unable to trim deficits as promised. “All
By Cynthia Kroet & Peggy Corlin Published on 28/05/2025 – 15:21 GMT+2 ADVERTISEMENT The European Commission launched a strategy designed to foster and grow small tech start-up companies on Wednesday as part of a broader Choose Europe initiative aimed at competing with China and the US. The document sets out key actions to help companies set up and
In a stark warning bestselling financial author Robert Kiyosaki says he believes the United States is barreling toward an unprecedented economic catastrophe. Kiyosaki says that the next downturn will eclipse that of Great Depression and make the 2008 crash look minor by comparison – and far worse than anything seen since the 1930s. ‘This is
Los Angeles-based investment firm Transom Capital Group agreed to acquire SigmaTron International Inc. for $18.5 million. An affiliate of Transom will acquire all outstanding shares of the company’s common stock for $3.02 per share in cash, representing a total enterprise value of approximately $83 million. The purchase price represents a premium of 134% over the
WASHINGTON: US authorities have charged Singaporean Malone Lam with heading up a 13-member crime ring that allegedly stole hundreds of millions of dollars of cryptocurrency. The 20-year-old has already been charged with stealing cryptocurrency worth US$230 million from one victim in Washington DC. In a new indictment, federal prosecutors alleged that he orchestrated a wider
Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure