President Donald Trump and Indian Prime Minister Narendra Modi have reached an agreement that will see the US supplant Russia as India's primary oil supplier, Nikkei Asia reports. The deal, announced Thursday at a joint press conference in Washington, also includes significant increases in US military sales to

U.S. producer prices saw a solid increase in January, signaling a potential resurgence of inflation and potentially extending the pause on interest rate cuts, Reuters reports. This follows Wednesday's news that consumer prices saw their largest increase in nearly 18 months. However, some details of the PPI

President Trump has launched a plan to impose new tariffs on goods from countries across the globe. The move, as reported by the New York Times, is likely to further strain relations with foreign governments and reshape the global trading system. The president, speaking in the Oval Office on Thursday,

The eurozone's industrial sector continues to struggle, with production shrinking more than expected in December, Reuters reports. The figures highlight the severity of the sector's ongoing recession, despite some recent signs of stabilization. December saw a 1.1% monthly decline in industrial output, exceeding forecasts of

The German economy is expected to contract by 0.5% this year, marking a third consecutive year of shrinkage and the longest period of economic weakness in the country's post-war history, according to a report released Thursday by the German Chamber of Commerce and Industry (DIHK). "This

Federal Reserve Bank of New York President John Williams expressed confidence that the current level of short-term interest rates will help bring inflation back down to the central bank's 2% target, according to remarks reported by Reuters. Williams' comments, delivered Tuesday in a speech before a gathering

Europe's natural gas crisis is intensifying, with prices reaching two-year highs, and the impact is expected to soon ripple across the Asian market, according to a report by Nikkei Asia. The reversal of the usual price differential between the two regions is prompting buyers in Asia to divert

Japan's wholesale inflation surged to a 4.2% annual increase in January, its fastest pace in five months, according to data released Thursday by the Ministry of Internal Affairs and Communications, as reported by Reuters. This unexpected acceleration reinforces market expectations of a near-term interest rate hike by

The US dollar soared to a one-week high against the Japanese yen on Wednesday, fueled by stronger-than-expected inflation data for January, as reported by Reuters. This unexpected jump in consumer prices is prompting markets to recalibrate their expectations for Federal Reserve interest rate cuts, potentially delaying the anticipated easing of