latest news in economy
US Treasury Signals Tariff Relief for India as Russian Oil Imports Collapse
Washington D.C., Sunday, 25 January 2026.
Treasury Secretary Scott Bessent has signaled a potential rollback of the 25% tariff on India, declaring the policy a “huge success” after Indian refineries drastically reduced Russian oil imports. Highlighting a divergence in Western strategy, Bessent contrasted this US leverage against European allies, whom he accused of “irony and stupidity” for avoiding tariffs to safeguard a pending trade deal with New Delhi.
Geopolitics Eclipse Economics as Greenland Standoff Rattles Markets
Washington D.C., Sunday, 25 January 2026.
Investors are rattled by President Trump’s aggressive bid for Greenland, where threats of military force and 25% tariffs have overshadowed traditional economic indicators and corporate earnings.
European Asset Managers Signal Potential Shift Away from US Markets
New York, Sunday, 25 January 2026.
A looming “buyers’ strike” threatens Wall Street as European investors, holding $10.4 trillion in US equities, reassess risks. Danish funds have already begun divesting amid rising political volatility.
Volta Foundation 2025 Report: Global Battery Market Enters the “BESS Decade”
San Francisco, Saturday, 24 January 2026.
The Volta Foundation’s sixth annual report declares the onset of the “BESS Decade,” revealing a record-breaking 79% surge in global energy storage capacity. With electric vehicle sales crossing 21 million units and China controlling over 90% of critical supply chains, the industry faces a transformative era of rapid scaling and geopolitical recalibration.