Browsing: Business

UK CPI inflation increased to 3.4% in December from 3.2% in November, the first rise in five months, as transport and food costs pushed prices higher.

JPMorgan CEO Jamie Dimon said a 10% credit card rate cap backed by Trump would disrupt risk based pricing, prompting lenders to cut credit lines for borrowers.

European Parliament lawmakers froze US trade deal steps after Trump tariff threats tied to Greenland tensions, stalling votes and committee work.

Gold’s jump coincided with a slide in the dollar index to a one-month low, boosting overseas buying and pushing the metal to new highs on Jan. 21, 2026 in Asia.

Germany recorded 2.2% average inflation in 2025, matching 2024, official figures show. December cooled to 1.8%, while core inflation ran 2.8%.

The UK secured 8.4GW of offshore wind capacity in its largest auction, supporting clean electricity for 12 million homes and billions in private investment.

Major US banks reduced their combined workforce by 10600 employees in 2025 pushing Wall Street staffing to the lowest level since 2021 according to year end filings.

Chip equipment makers jumped after TSMC boosted sentiment, while the S&P MidCap 400 and Russell 2000 set records and breadth improved.

Argentina completed repayment of 2.5 billion dollars to the U.S. Treasury, reversing its swap draw and closing the Exchange Stabilization Fund position now.

By threatening tariffs linked to Iran trade, Trump disrupted established trade norms and raised immediate concerns among markets and foreign governments.