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Finance

Finance

Goldman Sachs raises year-end gold forecast to $3,700/oz

Bermuda Broadcasting Newsdesk -
Bullion breached $3,200 an ounce for the first time on Friday International news via Reuters: Goldman Sachs has increased its year-end gold forecast to $3,700 per...
Finance

Facebook owner Meta faces existential threat at trial over Instagram, WhatsApp

Bermuda Broadcasting Newsdesk -
Sources say that Meta earns about half of its U.S. advertising revenue from Instagram International news via Reuters: Facebook parent Meta Platforms faces a high-stakes trial...
Finance

Factbox-Gold price forecasts raised as rally continues

Bermuda Broadcasting Newsdesk -
Central bank gold buying has also been a factor in the price surge this year International news via Reuters:  UBS and Commerzbank raised their gold price...
Finance

EU pledges unity on trade challenges, notes US tariffs harder on own economy than on EU

Bermuda Broadcasting Newsdesk -
IMF estimates internal EU trade barriers equal a 44% tariff on goods within the bloc International news via Reuters: With higher U.S. tariffs postponed by 90...
Finance

Sterling falls against euro, rises versus dollar as traders focus on trade war

Bermuda Broadcasting Newsdesk -
Heavy dollar selling has seen the greenback plunge versus a range of currencies International news via Reuters: The pound fell versus the euro and rose versus...
Finance

Impact of tariffs on developing countries could be ‘catastrophic’, says UN trade agency

Bermuda Broadcasting Newsdesk -
Global trade could shrink by 3-7% and global gross domestic product by 0.7% International news via Reuters: Sweeping tariffs on imports imposed by U.S. President Donald...
Finance

Beijing bites back at US tariffs by curbing Hollywood imports

Bermuda Broadcasting Newsdesk -
Chinese bloggers suggested banning American movies in response to Trump's tariffs International news via Reuters: China said on Thursday it would immediately restrict imports of Hollywood...
Finance

Prada buys Versace to create Italian fashion powerhouse

Bermuda Broadcasting Newsdesk -
Follows announcement that Donatella Versace was stepping down as the chief creative officer International news via Reuters: Prada struck a deal on Thursday to buy smaller...
Finance

UK’s Tesco warns profit to fall as it prepares for price war

Bermuda Broadcasting Newsdesk -
Cost-jump predicted following higher social security payments imposed by the government International news via Reuters: Tesco, Britain's biggest food retailer, warned on Thursday its profit would...
Finance

Australia turns down China’s offer to ‘join hands’ to fight US tariffs

Bermuda Broadcasting Newsdesk -
Australia ships almost a third of its goods to China, and less than 5% of to the United States International news via Reuters: Australia on...
Finance

Procter & Gamble was the target of EU antitrust probe alongside Coca-Cola bottlers, Bloomberg reports

Bermuda Broadcasting Newsdesk -
Formal allegations have yet to been made against Procter & Gamble International news via Reuters: Tide detergent maker Procter & Gamble has been identified as the...
Breaking Story

Trump raises tariffs again on China, appears to pause them for others

Bermuda Broadcasting Newsdesk -
Trump authorised a 90-day pause but also raised the tariff rate for China to 125%, effective immediately International news via Reuters; U.S. President Donald Trump on...
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