Members of the National Police Special Purpose Battalion of Zaporizhzhia region fire a D-30 howitzer towards Russian troops, Ukraine, March 7. REUTERS/Stringer/File Photo |
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Tesla vehicles are parked in front of the White House. REUTERS/Kevin Lamarque/File Photo |
- US automaker Tesla has warned that it and other major American exporters are exposed to retaliatory tariffs that could be leveled in response to Trump's aggressive use of tariffs. Meanwhile, BMW expects trade tariffs to cost the carmaker 1 billion euros this year.
- A full-scale global trade war would hurt the US in particular and could re-energise Europe's push towards unity, European Central Bank President Christine Lagarde said.
- Since Trump took office, he has imposed biting new tariffs, with more coming, begun a disruptive cull of federal jobs and spending, risked a political fracture with Europe, and acknowledged that an economy that was by most measures fine when he took over now faces some bumps, or worse.
- Gold pierced through the psychological milestone of $3,000 an ounce for the first time, building on an historic rally as trade tensions and US rate cut bets supercharge its appeal as a safe haven asset.
- Chinese state oil companies are shying away from Russian oil this month, with two importers halting purchases while two others scaled back volumes as they assess compliance following recent US sanctions on Moscow.
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- The week ahead is crammed with central bank decisions, here's what to expect in the markets.
- With markets becoming increasingly rickety, Wednesday's Fed meeting will be all about whether the central bank is open to resuming its interest-rate cutting cycle in the coming months.
- On Thursday it is the Bank of England's turn, it is set to hold as well, but that's probably a breather before more easing later in the year.
- And Monday is St. Patrick's Day, the holiday most associated with green beer (if you're in the US) and corned beef and cabbage.
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Donatella Versace steps down as design chief as Prada circles |
Some of Donatella Versace's most iconic red carpet dresses. |
Donatella, who was the chief creative officer at Versace, has been its driving force since her brother Gianni, the company founder, was gunned down in Miami in 1997. Listen to Elisa Anzolin on the Reuters World News podcast as she weighs in on what might be next for the Versace fashion house. |
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Whippet named Miuccia looks at a trophy after winning the Best in Show at the Crufts Dog show in Birmingham. REUTERS/Temilade Adelaja |
View some of the best images from our Reuters photographers around the world this week. |
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