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Rob Jetten, leader of the liberal D66 party, stands positioned to become the Netherlands' next prime minister following Wednesday's parliamentary elections that saw Dutch voters reject a brief experiment with far-right governance. D66 exceeded expectations in the electoral contest, with preliminary tallies indicating the party shares first place with the far-right Freedom party, which appears headed for an 11-seat decline compared to its 2023 performance. The centrist resurge

Real Madrid is preparing to pursue compensation exceeding €4 billion from UEFA, alleging substantial financial losses stemming from the governing body's rejection of the proposed European Super League. According to expert analysis commissioned by the Spanish football giant, the club estimates revenue losses ranging between €4.5 billion and €4.7 billion resulting from UEFA's 2021 veto of the breakaway competition. Sources close to the club, which has been a primary advocate fo

▸ Year-long semiconductor and rare earth pact secured ▸ Opioid-related duties reduced by half ▸ Taiwan question left unaddressed President Donald Trump and Chinese leader Xi Jinping have secured a comprehensive trade agreement that temporarily lifts export restrictions on critical minerals and semiconductor technology, marking a significant breakthrough in the world's most important bilateral economic relationship. During their first face-to-face meeting in six years, held in

Seoul Secures Reduced Auto Tariffs in Exchange for Massive Infrastructure and Shipbuilding Investment APEC Summit, South Korea — South Korea and the United States have reached a landmark trade agreement that will see Seoul invest $350 billion in the American economy in exchange for significantly reduced tariffs on Korean automobile exports. The deal, announced Wednesday following negotiations between President Donald Trump and South Korean President Lee Jae-myung during the A

Central bank to halt balance sheet reduction in December as FOMC members split on monetary policy path Washington The Federal Reserve yesterday announced it would halt its three-year quantitative tightening programme in December as it delivered a quarter percentage point rate cut, leaving borrowing costs at their lowest level since late 2022. The decision to end the balance sheet reduction effort comes after concerns that QT has disrupted short-term lending markets and risked

FT investigation finds Indian refinery received four shipments worth $280mn transported via sanctioned vessels New Delhi/London An Indian oil refinery co-owned by steel magnate Lakshmi Mittal's energy arm purchased almost $280mn of Russian crude transported on sanctions-listed vessels, according to an FT analysis of satellite imagery, shipping data and customs records. HPCL-Mittal Energy yesterday announced it would cease buying Russian crude, hours after the Financial Times

Following extensive presentations on the emerging Syrian government's economic strategies, a visiting German businessman expressed considerable enthusiasm last week. "I thought they'd be pitching us on rubble-clearing projects. Instead, we're hearing about the Damascus metro and 20-year housing plans," he remarked at a dinner gathering with foreign businesses, government officials, and local business leaders at the Four Seasons in Damascus. However, illustrating the challenge

From his office overlooking the White House, Treasury Secretary Scott Bessent articulated his approach to leading the cabinet agency responsible for the world's largest economy and most significant debt market. "We want the most America-first policies that are possible, without incurring market wrath," said the 63-year-old hedge fund manager from South Carolina. During nine months in office, Bessent has vigorously championed President Donald Trump's aggressive tariff policies

The UK government's announcement of a £1.08 billion budget for offshore wind development has generated mixed reactions, with industry analysts warning that the funding may fall short of the nation's ambitious 2030 clean energy targets. Budget Breakdown: The allocation divides into £900 million for traditional fixed-bottom offshore wind projects (down from £1.1 billion last year) and £180 million specifically for floating wind technology – the first dedicated budget for this e

President Javier Milei's overwhelming victory in Argentina's midterm elections has triggered a spectacular rally across all major asset classes, offering a compelling case study in how political stability can instantly transform economic prospects. The election results exceeded even the most optimistic projections, with Milei's La Libertad Avanza party securing 41.5% of the vote in Buenos Aires province – traditionally a Peronist stronghold. This dramatic political realignmen

The semiconductor landscape witnessed a seismic shift today as Qualcomm unveiled its ambitious entry into the AI data center market, directly challenging Nvidia's stranglehold on artificial intelligence computing. The San Diego-based chipmaker's stock soared an impressive 20% following the announcement of its new AI200 and AI250 processors, signaling investor confidence in this strategic pivot. These cutting-edge chips, designed specifically for AI inference applications, rep

American intelligence agencies obtained information in 2022 suggesting that the United Arab Emirates provided technology to Huawei that US officials believe China subsequently utilized to extend the operational range of air-to-air missiles, potentially giving Chinese fighter aircraft tactical advantages over American military jets. According to six individuals familiar with intelligence gathered during the Biden administration, the technology allegedly transferred to China by