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Rather than keeping their heads down as US President Donald Trump wages another trade war with Canada, European leaders must recognize that they could be next. Like Canada, the European Union is a middle power whose future prosperity and security will depend on solidarity with economic peers. LONDON—Canadian Prime Minister Mark Carney’s widely acclaimed speech at Davos earlier this year remains the talk of diplomats worldwide. Carney argued that middle powers must act together to avoid becoming victims of predatory superpowers, and he has lived by his words, duly standing with his European allies as US President Donald Trump threatened…

If Europe remains a mere collection of small states and middle powers, the current period of profound geopolitical and historical change will also mark the end of its role on the world stage. With no end in sight for Russia’s war in Ukraine, Europeans must come to grips with reality. BERLIN—Four and a half years after Russia’s unprovoked full-scale invasion of Ukraine, no end is in sight. What initially looked like a “special operation” that would end in a matter of days (or weeks, at most) has evolved into a seemingly interminable war of attrition.

Identity verification and fraud prevention company Socure announced Thursday that it raised $156 million in a strategic growth investment valuing it at $5.2 billion. The Incline Village, Nevada-based company is also acquiring Austin-based agentic AI startup Fravity as it looks to automate more of the labor-intensive work involved in investigating financial crime. Summit Partners led the investment, which includes both primary capital and a secondary tender offer for employees. Goldman Sachs Alternatives, Wells Fargo, Docusign and others also participated. Socure did not disclose the terms of its acquisition of Fravity. With the latest funding, Socure has raised over $742 million…

The latest evidence suggests that the Chinese scientific establishment understands the dangers of a planned Himalayan dam—the world’s largest—more clearly than its political leadership is willing to acknowledge. With the livelihoods of two billion people at stake, the international community needs to weigh in. NEW DELHI—The world’s largest dam is rising in one of the world’s most geopolitically treacherous and seismically unstable regions. Just a few kilometers from the heavily militarized border with India, China is constructing an unprecedented hydropower project in Tibet on the Yarlung Tsangpo, the world’s highest-altitude major river, better known internationally as the Brahmaputra. …

Follow WEX Inc. (WEX) Deutsche Bank 2026 Technology Conference August 27, 2026 11:00 AM EDT Company Participants Jagtar Narula – Chief Financial Officer Conference Call Participants Christopher Svensson – Deutsche Bank AG, Research DivisionScott Barishaw Presentation Christopher SvenssonDeutsche Bank AG, Research Division All right. Good morning, everyone. I’m very happy that you all made it to the first session of the day. Hopefully, you’re enjoying coffee, et cetera. So I’m Nate Svensson, payments and fintech analyst here at DB. Very happy and excited to have Jagtar Narula, the CFO of WEX with us. So Jagtar, thank you so much for…

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message.The US diesel crack spread, the premium of ultra-low sulphur diesel futures over West Texas Intermediate crude (WTI), recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00. That is not the price of diesel itself. It is the margin that shows how much more valuable diesel has become compared to the crude Oil used to produce it.That distinction matters. Brent and WTI still capture the price of crude, but the diesel…

XAU/USD Current Price: $4,609Risk appetite pushes Wall Street higher and dents demand for the US Dollar. Federal Reserve officials are delivering hawkish remarks at Jackson Hole. XAU/USD turned neutral in the near term as buyers pause. Spot Gold changed course mid-Thursday, trading around $4,610 during the American session after bottoming for the day at $4,566, a fresh weekly low. The US Dollar (USD) lost its footing despite persistent tensions in the Middle East, with attention on the stock market for a change. Wall Street opened higher, buoyed by Nvidia’s results released late Wednesday.The company reported revenues of $96.22 billion, beating…

People carrying out home renovations will gain greater protections against “cowboy builders” through a new database of trusted traders and a payment system offering more safeguards, the government has said. Traders signing up to the scheme launching next month will need to demonstrate certain standards of customer service, transparency and dispute resolution.Prime Minister Andy Burnham said unscrupulous tradespeople “leave families with months of stress” as well as unfinished work.The National Federation of Builders said the changes would not stop rogue operators while the Tories suggested there would be added paperwork for firms already operating legitimately.Citizens Advice has said home renovations…

Geoff Yu at BNY reports that China is opposing potential new U.S. Section 301 tariffs while keeping communication channels open. Beijing has threatened “necessary measures” in response to additional duties but continues high-level engagement ahead of a possible Trump–Xi summit. The combined stance suggests China will resist trade pressure yet avoid jeopardizing the broader U.S.–China relationship.Tariff risks with open diplomatic channels”China pushed back against possible new U.S. tariffs while signaling that high-level communication between Beijing and Washington remains open. The Commerce Ministry said it firmly opposes reported U.S. consideration of an additional 7.5% tariff on Chinese imports linked to a…

Billionaire Sports Direct founder Mike Ashley has criticised recent cost of living and retail policies from Andy Burnham as “populist reactions”.In a letter to the prime minister, the entrepreneur accused him of “jumping on ‘everyday fixes’ or bandwagons”, while “disastrous” business rates policies and increases to the cost of employing workers were causing businesses to struggle. He also described a previous proposal of increasing business rates on large warehouses to help reduce them for pubs and clubs as “delusional”.A Downing Street spokesperson said Burnham would “build a new economy that backs British business, delivers growth in every postcode and ensures…