Reported about 22 hours ago
At a banking conference in London, a senior executive from Standard Chartered stated that globalisation is undergoing a 'reset' due to looming U.S. tariffs proposed by President-elect Donald Trump. These tariffs, particularly on imports from China, could disrupt global supply chains, yet present new opportunities for banks in Asia and the Middle East. Concerns over the potential negative impacts on global trade were echoed by a European Central Bank board member, highlighting the broader implications for economic growth.
Source: YAHOO