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The Latest Breaking News from ING

Trump’s tariffs are tipping Europe toward recession

The U.S. is Europe and Britain’s largest export market. About 20% of EU exports go to the U.S. at a value of around $581 billion. Europe’s trade doesn’t immediately have anywhere else to go.

Fortune

What To Know About Trump's Effort To Oust Fed Chair Powell

US President Donald Trump this week escalated attacks on central bank chair Jerome Powell, suggesting he could be dismissed for "fraud" over his handling of a renovation project at the Federal Reserve's headquarters.

International Business Times

Does Ukraine’s first-in-Europe internet deal with Starlink mean more dependence on Elon Musk?

Kyivstar, Ukraine’s largest mobile operator, started testing a service that would deliver internet from satellites to cellphones.

Euronews

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FTSE 100 falls back after passing 9,000 milestone

US consumer price inflation accelerated in line with expectations in June.

Evening Standard

China sees consumer price inflation in positive territory in June

CPI inflation climbed into the green for the first time since January, although producer prices remain in deflationary territory.

Euronews

Trump’s July 9 tariff deadline: What’s next for global trade?

US trade partners are racing to negotiate deals to avoid being slapped with steep tariffs from this week.

Al Jazeera

Eurozone unemployment ticks up modestly as tariff uncertainty lingers

Businesses in Europe must contend with economic uncertainty when looking for new hires, although unemployment rates remains historically low.

Euronews

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FTSE 100 advances and outperforms European peers

It comes despite ongoing US trade policy uncertainty and mixed economic data.

Evening Standard

Stocks Set to Open Higher Amid Trade Progress, U.S. Jobs Data and Powell’s Remarks Awaited

September S&P 500 E-Mini futures (ESU25) are up +0.47%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.70% this morning, pointing to a higher open on Wall Street amid optimism over progress in trade negotiations between the U.S. and key partners.

Barchart

Euro heads to 4-year highs: Could it reach 1.20 or higher?

The single currency has rallied 13% this year, buoyed by eurozone fiscal policy shifts, political uncertainty in the US, and changing market dynamics.

Euronews

Donald Trump's Magic Touch Holds As Oil Prices Retreat

President Donald Trump called for oil prices to remain low on Monday.

Investors Business Daily

The dollar sees a rebound after US strikes Iran, but can it continue?

The greenback may rise further if Iran decides to block the Strait of Hormuz, while the value of safe-haven alternatives like the euro and the yen are predicted to slide.

Euronews

Lambie labels Trump a ‘bloody sociopath’ – as it happened

This blog is now closed

The Guardian - AU

Morning Mail: Iran says US ‘must receive a response’ to strikes, Australians look to flee conflict zone, experts warn about ‘war on nicotine’

Tehran mulls possible retaliation to US airstrikes; Australians still waiting to leave Middle East; Australia needs new approach on nicotine, experts say

The Guardian - AU

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news in one place.

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The Guardian - AU

Customers are missing out on bonus savings rates — and banks don’t have to actively warn you

Conditional savers at ING who fail to meet monthly conditions do not receive bonus interest but despite regulatory advice, the bank does not actively alert customers who might miss out

Euronews

Could China’s rare earth pivot ease strain on the automotive sector?

China has approved some rare earth export licences, offering slight relief to strained global supply chains. Yet with shipments still down sharply and licensing opaque, Europe's auto sector remains exposed to Beijing’s strategic resource grip.

Evening Standard

Stocks dip as Bank of England leaves interest rates unchanged

The FTSE 100 index closed down 51.67 points, 0.6%, at 8,791.80.

Investors Business Daily

What The Strait Of Hormuz, The Oil Chokepoint At The Center Of The Iran-Israel Conflict, Means For The Stock Market

The Strait of Hormuz is a major trade route for global oil and gas shipping.

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Evening Standard

Stocks up on hopes of thaw to Middle East tension

The FTSE 100 index closed up 24.59 points, 0.3%, at 8,875.22, just shy of its record closing peak of 8,884.92 posted last Thursday.

The Guardian - UK

Reeves braced for OBR forecasts to blow £20bn hole in tax and spending plans

Downgrades by Treasury watchdog could force chancellor to raise taxes or cut spending at budget to meet fiscal rules

Investors Business Daily

S&P 500: Oil Stocks Jump As Oil Hits Four-Month High. This Could Move Prices Higher.

Oil stocks in the S&P 500 moved higher in early stock market trade Friday following Israel's targeted strikes against Iran Thursday night.

Euronews

Israel launches major strike on Iran: What is the market fallout?

European stocks fell sharply after Israel struck Iranian nuclear sites, fuelling fears of wider conflict. Oil and gold surged on safe-haven demand, while bank shares dropped. Markets are pricing in higher geopolitical and energy supply risks.

Investors Business Daily

Oil Tops $68 A Barrel As Iran Talks Deteriorate And Tensions Rise In The Middle East

Oil prices advanced Thursday, trading above $68 per barrel as U.S.-Iran tensions appear to be rising.

Euronews

Production and exports fall in Germany as pre-tariff rush wears off

US tariff concerns are darkening Germany’s outlook while the economy is already weak, hindering hopes of a recovery.

Euronews

Eurozone economy grows by 0.6%: Lagarde shuts door on July rate cut

The eurozone gross domestic product grew by 0.6% quarter-over-quarter in the first quarter of 2025, marking the strongest pace of growth since late 2022. ECB's President Christine Lagarde hinted that a July pause in rate cuts may be warranted.

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