US Backs Nearly $5 Billion in Brazilian Rare Earth Mine to Counter China
Washington has assembled nearly $5 billion in financing and investment around Brazil's Serra Verde rare earth mine, aiming to build…
World News
Global economic and financial news — Federal Reserve decisions, geopolitical events, trade policy and macroeconomic data that move financial markets worldwide.
AI could cause global economic downturn, Bank of England governor tells G20
Bank of England governor Andrew Bailey has warned G20 finance ministers and central bank governors that advanced "frontier" AI models…
Russia preparing ‘massive strikes’ on Ukraine’s energy infrastructure after deadliest attack of the year
Russia's Defense Ministry says it is preparing large-scale strikes on Ukraine's energy infrastructure, days after a strike on an ammunition…
Bailey warns G20 that AI cyber risks threaten a market meltdown
Bank of England governor Andrew Bailey, who chairs the Financial Stability Board, has warned G20 finance ministers that frontier AI…
U.S. to sanction another bank over Iran ties as rial collapses
The U.S. Treasury plans to sanction another bank this week over its ties to Iran, Secretary Scott Bessent said, as…
