Investing.com -- A second Trump administration is likely to see little change in the U.S. fiscal deficit, despite campaign promises of tax cuts and spending programs, according to UBS strategists. "An already high deficit will force compromise on tax cuts and spending pledges, and we think corporate tax cuts are unlikely in the absence of

Investing.com -- Goldman Sachs has updated its economic forecasts, reflecting nuanced shifts in monetary policy expectations and global growth trends for 2025.  Analysts have revised their projections for the U.S. Federal Reserve policy, removing a previously anticipated rate cut in January.  The terminal rate is now expected to fall within the 3.5-3.75% range, compared to

Investing.com -- The U.S. trade landscape is under scrutiny as investors brace for potential tariff escalations under a new administration. Barclays (LON:) analysts on near-total visibility into commodities crossing U.S. borders, said Mexico's growing prominence as the U.S.'s largest trading partner raises concerns about the impact of potential import duties. The 2019 U.S.-China trade war serves

Investing.com -- Food prices, while no longer rising as rapidly, is expected to remain at the higher level than past, and a meaningful decline may be unlikely, according to UBS analyst Paul Donovan. Most of the cost consumers pay occur after food leaves the farm. For instance, in the UK, farmers recently received only about a

ADDIS ABABA () - French President Emmanuel Macron expressed full support on Saturday for Ethiopia's debt restructuring efforts, emphasising the need for a swift resolution "in the coming weeks". The backing from Macron, who is visiting Ethiopia after a stop in Djibouti, comes after Ethiopia and International Monetary Fund reached an agreement last month on

TIRANA () - Albania on Saturday announced a one-year ban on TikTok, the popular short video app, following the killing of a teenager last month that raised fears over the influence of social media on children. The ban, part of a broader plan to make schools safer, will come into effect early next year, Prime

Investing.com -- European defence spending is set to increase as geopolitical tensions and trade uncertainty mount, but the growth boost likely to be modest, Goldman Sachs said in a note. “Market participants have grown increasingly focused on a potential EU fiscal policy response via higher defence spending,” analyst said. Defence budgets have already risen since the

By David Shepardson WASHINGTON () - The head of the Environmental Protection Agency plans to step down on Dec. 31 after overseeing widespread efforts by the administration of President Joe Biden to reduce greenhouse gas emissions and other pollutants. EPA Administrator Michael Regan told employees of his plans in an email on Friday, saying the

SEOUL () - North Korean leader Kim Jong Un called to step up development of the country's industrial production in regions outside Pyongyang to strengthen rural economies, state media KCNA said on Saturday. Kim called for the modernisation of regional manufacturing facilities, improvements in agriculture, and "to come up with clear results every year, regardless

Investing.com -- The U.S. federal government’s $6.8 trillion spending in fiscal 2024 is unlikely to see significant cuts next year, despite calls for restraint, as structural and political obstacles remain, analysts say. Mandatory spending, which includes programs like Social Security and Medicare, accounted for $4.1 trillion in 2024. Economists at Wells Fargo (NYSE:) said reducing these