Monday, August 10
President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the U.S., with frustration palpable among many of Washington's top trading partners. Tariffs roared back into focus when Trump last weekend threatened new tariffs on European allies opposing his designs on Greenland, before stepping back from them on Wednesday after announcing a deal framework with NATO over the Arctic island. "It's the speed, scale, and scope of change that is really rattling the world," Canadian Finance Minister Francois-Philippe Champagne said during a panel discussion on tariffs at the World Economic Forum's annual meeting in the Swiss mountain resort. The WEF is meeting in Davos for the first time since Trump last
FRANKFURT, European Central Bank policymakers are in no hurry to adjust interest rates as inflation is hovering near target but abundant risks mean they need to be ready to move once again, the accounts of their December meeting showed on Thursday.The ECB left its interest rate unchanged at 2% at the meeting and lifted growth projections, taken by markets as a signal that the bar for any further policy easing was exceptionally high.Speaking since the meeting, the central bank's chief economist Philip Lane has said that as long as the economy develops as projected, interest rate changes are unlikely to be on the agenda in the near term, confirming market bets that the bank would be on hold for some time after eight rate cuts in the year to last June."The Governing Co
The Tata Group will invest $11 billion in developing a state-of-the-art “Innovation City” near the upcoming Navi Mumbai International Airport, Devendra Fadnavis, Maharashtra's Chief Minister, told news agency ANI on the sidelines of the World Economic Forum at Davos 2026.Speaking on the sidelines, Chief Minister Fadnavis said international investors are showing strong interest in the project. “Tata Sons has committed $11 billion to build this Innovation City, including a data center,” he told ANI. “Our goal is to make Mumbai a hub where anyone in the world can easily access a plug-and-play innovation system," he said and added that this is India’s first such initiative, and the project is expected to begin within six to eight months.Maharashtra, which contributes over 10% of
