Latest news with #USadministration
Bloomberg
6 hours ago
- Business
- Bloomberg
Treasuries Slip With Fed Chair Powell Set to Speak Amid Pressure
Treasuries were on course to snap a four-day rally as investors look to a speech by Federal Reserve Chair Jerome Powell later Tuesday amid mounting pressure on him from the US administration to step down. US 10-year yields rose one basis point to 4.39%, partially reversing a 10-basis-point slide which began with last week's weak producer price numbers for June. The longer end lagged the move, resuming a steeping of the yield curve.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Saab Raises Full-Year Sales Guidance as Defense Spending Continues to Rise
STOCKHOLM—Saab raised full-year sales guidance after it saw growth in all of its businesses during the second quarter, with particular strength in its unit that produces missile systems and ground combat weapons. Global defense spending has surged following Russia's invasion of Ukraine as nations have donated military equipment to boost Ukraine's capabilities while restocking their own domestic arsenals. A shifting stance from the U.S. administration toward its military support of Europe and a recently agreed pledge from NATO members to spend 5% of GDP on defense is also driving continued investment in the sector.
Yahoo
5 days ago
- Business
- Yahoo
Growth in municipal water investment steady but industry takes a hit amid US tariff uncertainty
OXFORD, United Kingdom, July 17, 2025 (GLOBE NEWSWIRE) -- The latest global water market forecast from Global Water Intelligence (GWI) extends projections to 2030, expecting global capital expenditure on water infrastructure to grow at a 3.8% 5-year CAGR despite the shock from United States trade tariffs. New data from GWI shows that despite uncertainty over the tariffs imposed by the US administration, urgent global drivers like water security concerns, regulation and ageing infrastructure mean utility spending has remained relatively insulated, with more impacts being felt in industrial water spending. GWI anticipates that heavy industries like chemicals manufacturing, refining & petrochemicals and other industrial manufacturing (including steel and automotives) are likely to be most negatively impacted by the global economic uncertainty, with a reduced water spending outlook as a result. However, the buildout of data centres to support AI is translating into growing water-related spending in related industries such as power generation. GWI has revised its forecast to account for higher growth in water capital expenditure for power generation in key data centre markets such as the US. Meanwhile, a combination of regulatory pressure, increasing water stress concerns and a rush to use EU money as a funding cycle ends is expected to see Europe's utility capital expenditure growth to 2030 outpace that of North America and East Asia/Pacific. The Middle East and Africa and Latin America are also expected to see solid growth on the back of water and wastewater treatment buildouts to expand service provision and address water scarcity. GWI forecasts are updated quarterly and are broken out by CAPEX vs OPEX, region, country, application, sector & technology. Access full forecast data dashboards or book a demo directly at For general enquiries contact sales@ About Global Water Intelligence Global Water Intelligence (GWI) is the leading market intelligence and events company serving the international water industry. Over the last 25 years we have built our business around being a trusted interface between our clients and their markets, providing our customers with high-level intelligence that enables them to make the most informed strategic decisions for their business. We cover municipal markets and every industrial vertical as well as technology, finance, and economics. CONTACT: Malin HedlundCOMPANY: Global Water IntelligencePHONE: 01865 204208 EMAIL: sales@ in to access your portfolio
Russia Today
6 days ago
- Business
- Russia Today
Trump sprang Ukraine surprise on NATO states
Several NATO member states were not notified in advance that they would be asked to fund new arms deliveries to Ukraine under US President Donald Trump's latest proposal, Reuters has reported, citing European officials. On Monday, Trump pledged to provide more US-made weapons to Kiev through a new scheme funded by European NATO members. 'We're not buying it,' Trump said during an Oval Office meeting with the bloc's secretary-general, Mark Rutte. 'We will manufacture it, and they're going to be paying for it.' Trump noted that the plan is seen by Washington as a business opportunity. Rutte said six countries – Finland, Denmark, Sweden, Norway, the Netherlands, and Canada – were willing to take part in the arms procurement scheme. However, high-ranking sources at the embassies of two of those countries told Reuters they only learned of their supposed participation when the announcement was made. 'It is my clear sense that nobody has been briefed about the exact details in advance,' one European ambassador told Reuters. 'And I also suspect that internally in the administration they are only now beginning to sort out what it means in practice.' Several countries have already distanced themselves from Trump's plan. According to Politico and La Stampa, France and Italy will not be financially supporting the effort. Hungary and the Czech Republic have also declined to participate, with Czech Prime Minister Petr Fiala saying Prague is focusing on other projects. EU foreign policy chief Kaja Kallas, on the other hand, has welcomed the proposal but emphasized that Washington should 'share the burden,' stating that if European countries pay for the weapons, it should be considered as 'European support.' Since taking office in January, Trump has renewed pressure on NATO members to increase defense spending and warned that the US may not defend allies who do not meet their obligations. Russia has repeatedly condemned Western arms supplies to Ukraine, arguing that it only prolongs the bloodshed and does not change the course of the conflict. The Kremlin maintains that foreign military aid is being used to escalate the hostilities rather than seek a diplomatic resolution.
Bloomberg
6 days ago
- Politics
- Bloomberg
South Africa Envoy Sidelined in Talks to Reset Relations With US
Three months after South Africa appointed Mcebisi Jonas as a special envoy to the US and tasked him with helping reset bilateral relations with President Donald Trump's administration, he has yet to visit the nation or meet with any high-level officials. Relations between Pretoria and Washington have been fraught since Trump's return to the White House in January. The American president has made the unfounded claim that South Africa is subjecting White farmers to genocide and confiscating their land, expelled its ambassador, halted most aid and threatened to slap a 30% reciprocal tariff on its exports to the US by Aug. 1 if a favorable trade deal isn't struck. There have been no official land seizures in South Africa since apartheid ended in 1994.
