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  • Associated Press Finance

    'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

    European Union leaders on Thursday debated a new “European Competitiveness Deal” aimed at helping the 27-nation bloc close the gap with Chinese and American rivals amid fears the region's industries will otherwise be left behind for good. In a volatile geopolitical landscape redefined by the ongoing war between Russia and Ukraine and increasing tensions in the Middle East that create new economic challenges, EU leaders believe there is an urgent need for action. China, the U.S. and the European Union are the three largest economies in the world, but the EU's share has diminished over the past 30 years.

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    4 Members of Congress Generated Triple-Digit Returns in the Stock Market Last Year: These Are the 3 Stocks They Bought

    These members of Congress delivered greater returns than Warren Buffett in 2023.

  • Reuters

    Euro zone bond yields dip, retreating from week's highs

    Euro zone bond yields dipped on Thursday, pulling back slightly from recent highs, as expectations of a June rate cut by the European Central Bank held firm and a recent surge in oil prices showed signs of losing steam. ECB policymakers continued to line up behind a June interest rate reduction, but markets now see just three rate cuts this year, a big retreat from two months ago when between four and five moves were expected. That is in contrast to the United States, where the Federal Reserve is re-evaluating the need for interest rate cuts this year in the face of resilient economic data and ongoing strength in the labour market.