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Moscow rebuffed Trump’s claims on BRICS forming a currency, asserting that the group is prioritizing joint investments rather than replacing the U.S. dollar in global trade.
Bitcoin jumped past $105,000 after the Fed kept rates steady, with Chair Powell confirming banks can serve crypto clients if they manage risks effectively.
Elliott Management warns crypto is a speculative bubble driven by hype and White House support, cautioning that its collapse could destabilize the U.S. dollar.
Core inflation stayed at 2.8% in December, aligning with expectations but above the Fed’s target. Rising energy costs and tariff threats pose risks to price stability.
Trump’s 25% tariffs on Canada and Mexico could drive up prices for gas, groceries, and cars, with experts warning of economic fallout and potential supply chain disruptions.
H&M shares dropped after missing Q4 sales estimates, though profit improved. CEO Daniel Ervér remains optimistic, citing early signs of recovery in the new fiscal year.
The euro zone economy stalled in Q4, posting zero growth, missing forecasts. The ECB responded with a rate cut as inflation concerns persist despite weak GDP data.
Russia’s grain exports reached a record 72 million tonnes in 2024, driven by strategic growth in agricultural output and trade, cementing its global leadership.
The EU has pledged €60 million to provide emergency relief in the DRC, focusing on displaced populations and those affected by conflict and epidemics in the eastern regions.
UN Chief Antonio Guterres expressed concern over the US foreign aid freeze, urging exemptions to sustain vital humanitarian and development support for vulnerable communities worldwide.
