Bank of England Governor Andrew Bailey won unanimous backing for his nomination to lead the Financial Stability Board after incumbent Chair Klaas Knot leaves.
Europe can find a solution in the trade conflict with the US as long as all member states stick together, according to Luxembourg Deputy Prime Minister Xavier Bettel.
Federal Reserve Chair Jerome Powell said the economic impact of new tariffs is likely to be significantly larger than expected, and the central bank must make sure that doesn’t lead to a growing inflation problem.
President Donald Trump said he was open to reducing his tariffs if other nations were able to offer something “phenomenal,” indicating that the White House was open to negotiations despite the insistence of some top officials.
David Lau, Tesla Inc.’s vice president of software engineering, has told people at the company that he is stepping down, according to people familiar with the matter.