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Category: economy

Wall Street stocks bounce after Trump-fueled slide

NEW YORK, United States – Wall Street stocks rebounded Monday from steep pre-weekend falls as US President Donald Trump softened his posture on China following earlier threats of large tariffs. European stock markets made modest gains while Asia’s leading stock markets began the week in the red as they caught up with Wall Street’s sharp

Council proposes limited eligibility for dual-use projects in Horizon Europe

Photo credits: European Union EU governments want to change Horizon Europe eligibility rules to limit the countries that can participate in dual-use and defence projects. The suggestion adds guard rails to the European Commission’s plan to allow dual-use start-ups to receive grant funding and equity.

European Commission cancels €45M Horizon Europe call for generative AI projects

Photo credits: BigStock An abruptly cancelled €45 million Horizon Europe call for generative AI projects has already been added to the newest draft Horizon Europe work programme for next year. The postponed call, with the reference Horizon-CL4-2025-03-Digital-Emerging.

More BSP rate cuts likely ahead, says Fitch unit

MANILA, Philippines – A solid cushion of foreign reserves and an anticipated easing action by the US Federal Reserve (Fed) this month could give the Bangko Sentral ng Pilipinas (BSP) room to front-load further rate cuts, supporting growth without putting too much pressure on the peso. In a note to clients, BMI Research, a unit