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Gold price soars nearly 2% as Trump targets EU with tariff threats
Gold's price uptrend resumed on Friday, with the yellow metal rising close to 2% daily and 5% in the week, as the US Dollar (USD) weakened further after US President Donald Trump escalated the ‘trade war’ with the European Union (EU).
Fxstreet
Fri, May 23
Cryptocurrencies
Patrick Stewart Teams Up With DeLorean To Introduce On-Chain Reservation Tech For The Auto Industry
Cayman Islands, 22 May 2025: Hollywood actor Sir Patrick Stewart has announced teaming up with the DeLorean Motor Company (DMC) and DeLorean Labs, ahead of the company’s launch of its on-chain vehicle reservation system & marketplace. Built on the Sui network. The DeLorean Marketplace will usher in a new approach to vehicle reservation, management and […]Cryptopolitan
Fri, May 23
Cryptocurrencies
Canada’s economy is likely in the early stages of a recession
Canada is now sliding into the early stages of a recession, with new numbers and forecasts showing the economy shrinking and the labor market weakening. The warning comes from 34 economists surveyed by Bloomberg between May 16 and May 21, all pointing to back-to-back contractions in the country’s GDP. They expect a 1% decline in […]Cryptopolitan
Fri, May 23
Stocks
US equity funds face weekly outflows on debt concerns, rising yields
May 23 (Reuters) - U.S. equity funds saw huge outflows in the week ended May 21, as Treasury yields surged on fears President Donald Trump’s proposed tax-cut bill could add trillions to U.S. debt if passed by Congress.According to LSEG Lipper data, investors withdrew a net $11 billion from U.S. equi...Reuters
Fri, May 23
Other
Measles cases in Texas rise by six to 728, state health department says
May 23 (Reuters) - The Texas health department on Friday reported 728 cases of measles in the state, up by six cases from its last update on Tuesday.In Gaines County, the epicenter of the outbreak in the state, the number of infections rose by two cases to 408 since the last update, the Texas Depart...Reuters
Fri, May 23
Other
Delaware eyes bar exam alternatives for lawyer licensing
By Karen Sloan May 23 (Reuters) - Delaware has joined the growing list of states weighing alternative ways to license attorneys.The Delaware Supreme Court on Thursday said it will consider ways to license lawyers without the bar exam, such as providing admissions after two years of specific cours...Reuters
Fri, May 23
Other
EUV lithography restrictions on China must continue, Trump aide says
May 23 (Reuters) - Restricting the sale of extreme ultraviolet (EUV) lithography equipment to China is the "single most important export control" the United States has in the area of semiconductors, the White House's AI and crypto czar David Sacks said on Friday."The first Trump admi...Reuters
Fri, May 23
Cryptocurrencies
India to push FATF, World Bank, IMF to take positions in Pakistan conflict
India is set to push the Financial Action Task Force (FATF), a global financial crime watchdog, to add arch-rival Pakistan back to its “grey list” and oppose upcoming World Bank funding to Islamabad. The neighbors with nuclear weapons have fought the worst war in almost 30 years this month before agreeing to end the battle […]Cryptopolitan
Fri, May 23
Stocks
European stocks close week lower on Trump's EU, Apple tariff threats
Trump threatens 25% tariff on non-US made iPhonesGerman stocks fall from near record levelsBond yields slip after run-up By Sruthi Shankar, Medha Singh, Ragini Mathur and Purvi Agarwal May 23 (Reuters) - European shares closed sharply lower on Friday after U.S. President Donald Trump ramped up t...Reuters
Fri, May 23
Other
Venezuela opposition leader Guanipa under arrest-interior minister
May 23 (Reuters) - Well-known Venezuela opposition figure Juan Pablo Guanipa, a close ally of Maria Corina Machado, is under arrest for allegedly leading a terrorist plot, Interior Minister Diosdado Cabello said on Friday. Officials regularly accuse the opposition of conspiring with countries such...Reuters
Fri, May 23
Other
Russia ready to present peace terms to Ukraine after prisoner swap, minister says
MOSCOW, May 23 (Reuters) - Russia will be ready to hand Ukraine a draft document outlining conditions for a long-term peace agreement once the current prisoner exchange is completed, Russian Foreign Minister Sergei Lavrov said on Friday.Russia and Ukraine each released 390 prisoners on Friday and sa...Reuters
Fri, May 23
Cryptocurrencies
Stablecoins Could Obliterate $7 Trillion In Global Costs—Anthony Scaramucci
Stablecoins could help the US keep its financial edge and lower global transaction fees, according to SkyBridge Capital founder Anthony Scaramucci. During an interview with CNBC this week, he said these dollar-pegged digital tokens aren’t just a crypto tool—they might be a way to boost the dem...Bitcoinist
Fri, May 23
Other
Trump's 50% tariff threat on EU a step in on-going talks, says Polish trade minister
BRUSSELS, May 23 (Reuters) - U.S. President Donald Trump's 50% tariff threat is just another step in the on-going trade negotiations between the European Union and the United States., Polish deputy economy minister Michal Baranowski told reporters on Friday. "I am sure we will get a good dea...Reuters
Fri, May 23
Stocks
Perpetua Resources submits application to US EXIM for debt financing; shares up
** Shares of mining company Perpetua Resources PPTA.O gain 4% to $13.73** Company says it has submitted a formal application to the U.S. Export-Import (EXIM) Bank, seeking debt financing of up to $2 billion to construct its Idaho antimony and gold Stibnite project** Application for $2 billion is hig...Reuters
Fri, May 23
Other
'Harvard refugee': Chinese students hunker down as U.S. blocks foreign enrollment
Current students forced to transfer or lose legal status Chinese are the largest foreign student group at HarvardChinese students say they feel targeted, scaredBeijing says move will tarnish US, vows to support studentsBy Laurie Chen and Larissa Liao BEIJING, May 23 (Reuters) - Chinese students ...Reuters
Fri, May 23
Commodities
Panama-flagged vessels must notify authority of ship-to-ship transfers
By Elida Moreno PANAMA CITY, May 23 (Reuters) - Panama's Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of "dark-fleet" tankers to skirt sanctions or evade environmental requirements....Reuters
Fri, May 23
Stocks
BREAKINGVIEWS-Telegraph’s $675 mln price tag merits a fact check
By Jennifer Johnson LONDON, May 23 (Reuters Breakingviews) - After what can charitably be described as a protracted sale process, the Telegraph has some good news: it has finally found an owner. The less-good news: that owner is U.S. investor RedBird Capital Partners, part of a joint venture whic...Reuters
Fri, May 23
Other
Putin says he wants boost to Russian arms exports
Russia has focused on weapons supplies to forces in UkraineRussian arms exports declined in 2020-24, think tank says MOSCOW, May 23 (Reuters) - President Vladimir Putin said on Friday that Russia needs to strengthen its position in the global arms market by increasing exports of weapons.In televi...Reuters
Fri, May 23
