Extreme uncertainty sends tremors through central banks and multilateral organizations
The IMF revises global economic forecasts downwards due to Trump’s trade war while the ECB cuts interest rates for the sixth time
Washington asks Spain to increase defense spending and axe ‘Google tax’ after meeting with economy minister
Treasury Secretary Scott Bessent dispensed with the polite expressions about ‘common interests’ commonly used in official statements. The meeting comes shortly after Spanish PM Pedro Sánchez met with Xi Jinping in Beijing