logo
Italy's Giorgetti Is Worrying About Fallout From the Trade War

Italy's Giorgetti Is Worrying About Fallout From the Trade War

Bloomberg18-07-2025
Italian Finance Minister Giancarlo Giorgetti said he's concerned about potential damage to European economies from trade tensions and the weakening of the US dollar.
'We are worried about the impact of economic uncertainty and persistent commercial tensions on our economies,' Giorgetti said on Friday, speaking from South Africa where he is attending a Group of 20 meeting of finance ministers. 'The weakening of the US dollar is adding to the impact of higher tariffs.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Tata Sons Expects Reprieve From Forced IPO Amid Regulator Review
Tata Sons Expects Reprieve From Forced IPO Amid Regulator Review

Bloomberg

time7 minutes ago

  • Bloomberg

Tata Sons Expects Reprieve From Forced IPO Amid Regulator Review

Tata Sons Pvt., the closely-held holding company of India's salt-to-software conglomerate, is not making any preparations for a near-term share sale as it believes the country's regulators will extend a deadline to take itself public, said people familiar with the matter. Following engagement with officials, the company's leaders expect it will receive official communication from the Reserve Bank of India granting extension for an initial share sale amid a nationwide review of rules governing entities that are not public-facing and do not require public funds, said the people, who asked not to be named discussing information that's sensitive.

Namibia's Oil Riches May Finally Start to Flow
Namibia's Oil Riches May Finally Start to Flow

Bloomberg

time7 minutes ago

  • Bloomberg

Namibia's Oil Riches May Finally Start to Flow

The world's hottest postcode for oil exploration is Namibia, attracting a who's who of the petroleum industry. So far, the African nation has generated lots of promise, but little in barrels or dollars. That's beginning to change: The contours of its prize are now taking shape. To understand the excitement, let's start on the other side of the Atlantic. Back in 2015, the country attracting everyone's attention was Guyana. Within a few short years, the Latin American nation delivered a gusher for Exxon Mobil Corp. and its partners: Oil production climbed from almost zero in 2019 to 700,000 barrels a day this year. By 2027, Guyana is expected to surpass 1 million barrels a day, putting it on a par with OPEC+ member countries such as Libya.

Goldman's Asset Arm Says Emerging Markets Catching Only ‘First Wave' of Flows
Goldman's Asset Arm Says Emerging Markets Catching Only ‘First Wave' of Flows

Bloomberg

time10 minutes ago

  • Bloomberg

Goldman's Asset Arm Says Emerging Markets Catching Only ‘First Wave' of Flows

Emerging markets are set for further gains as renewed appetite for diversification and light positioning bolster the case for the asset class, which has been marred by years of outflows, according to Goldman Sachs Group Inc. 's asset-management division. 'The flow tide is turning — and we believe EM is catching the first wave,' said Anupam Damani, co-head of emerging-market debt at Goldman Sachs Asset Management. 'After years of being sidelined by US-centric risk taking, diversification is quietly reclaiming its place in global portfolios.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store