The leaders of 17 major UK pension funds have declared their plan to invest 50bn pounds ($66bn) in the nation's economy by 2030, with half of this sum directed towards UK assets, particularly in the green energy sector, according to The Guardian. Investment companies such as Aviva and Legal & General intend to allocate about 10 percent of the assets managed in their pension funds. The funds...

Kiev is beginning to look into the option of changing from the dollar to the euro as its primary currency, the head of the National Bank of Ukraine, Andriy Pyshnyi, informed Reuters. He emphasized that the Ukrainian regulator must address this matter due to Ukraine's possible membership in the European Union, the EU's enhanced role in bolstering the country’s defense capabilities, increased...

In April, consumer prices in the Eurozone rose by 2.2% year-on-year, as reported by the European Union's statistical office, which provided initial figures. Consequently, inflation stayed at the rate of the prior month. The collective forecast of analysts, referenced by Trading Economics, indicated that inflation would decrease to 2.1 percent in April. The rate of price increase for services...

Christine Lagarde, the head of the European Central Bank (ECB), informed CNBC that the institution has nearly achieved its aim of restoring inflation to its 2% target, yet should stay adaptable in light of increasing economic unpredictability from trade conflicts. “We're nearing our target for 2025, and the process of disinflation is progressing effectively,” she stated. “Nonetheless,...

Citi Research analysts have increased their gold price prediction for the upcoming three months to $3500 per ounce, up from the earlier anticipated $3200 per ounce. In their view, the desire to purchase precious metals is fueled by worries regarding how U.S. import tariffs will affect international trade. Moreover, Chinese regulators have recently permitted ten insurance firms to invest as much...

According to Ngozi Okonjo-Iweala, the head of the World Trade Organization (WTO), if the trade war between the US and China persists, the global GDP will contract by 7% in the long run. The standoff between the countries could divide the world into two trading blocs, forcing nations to decide who to trade with, Ms. Okonjo-Iweala stated. "We are quite worried about what we perceive as a possible...

During a meeting on Thursday, April 17, the European Central Bank (ECB) once more lowered the deposit rate to 2.25%, which influences the monetary policy direction. During a meeting on April 17, the ECB cut the deposit rate, which sets the trajectory of monetary policy, by 25 basis points (b. p.), reaching its lowest level since the end of 2022, at 2.25%. The prime rate, the rate banks use to...

Fitch Ratings has released a special revision to its quarterly macro outlook for the global economy (Global Economic Outlook, GEO), lowering the forecast due to rising external pressures. The worldwide GDP growth prediction was downgraded by 0.4 percentage points from the March assessment, falling below 2 per cent. Fitch stated in a press announcement that this marks the worst outcome for the...

The negativity among major investors regarding the future of the US dollar has peaked in the last twenty years, according to findings from a Bank of America survey. Sixty-one percent of those surveyed anticipate a decline in the value of the US dollar within the next year, reaching the highest point since May 2006. The dollar has declined 9 percent relative to a collection of key currencies...