Diplomatic efforts seek to avert Trump split with UN refugee agency, sources say

Interview with Piero Cipollone, Member of the Executive Board of the ECB, conducted by Élisabeth Montaufray-Bureau on 10 July 2026 15 July 2026 What is your view on last Thursday’s vote by the European Parliament to back the digital euro? It was a very important step because the Parliament represents Europe’s citizens and its endorsement…

Wall Street wants to see whether Tesla can deliver on its robotaxi and Optimus plans.

In a recent piece for The Wall Street Journal, former White House Council of Economic Advisers chair Stephen Miran makes the case that Trump’s tariffs are an improvement for taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government…

Birds fly over houses overshadowed by the mountain in Nuuk, Greenland, on March 10, 2026. Florent Vergnes | Afp | Getty Images Danish Prime Minister Mette Frederiksen on Wednesday delivered a rebuke to President Donald Trump‘s latest push for U.S. control of Greenland, saying the Scandinavian country is ready to defend “every inch” of its…

Trump told Netanyahu that he should remove his soldiers from Lebanon !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !“#$%&‘()*+,–./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}

This paper shows that the currency in which traded goods are invoiced has a first-order implication for the short-run impact of tariffs on the economy. If prices are set in terms of producer’s currency (PCP), a unilateral tariff is contractionary on impact, reducing GDP, and causing a deterioration in the trade balance. By contrast, with…