Economy

Gold price
Gold price holds firm above $5,000: “Good protection”

Gold price continues to rise on Tuesday and traded for the second day in a row above $5,000 per ounce. The rise is driven by geopolitical concerns, a weaker dollar and investors’ flight from government bonds and currencies, reports Bloomberg.

– Gold is in the long term a very good protection against erosion and a way to preserve purchasing power, says Amundi’s chief investment officer Vincent Mortier.

The market is now awaiting Wednesday’s interest rate announcement from the Federal Reserve, which could affect the outlook for interest rates and the dollar, as well as Donald Trump’s announcement about who will take over as head of the US central bank after Jerome Powell.

BRA’s reconstruction
SAS saves Bra with a million-kroner loan and new terms

SAS will support bankrupt Bra financially to ensure that the airline survives, writes DI.

A renegotiated agreement is expected to increase Bra's revenue by around SEK 100 million per year. In addition, SAS is lending SEK 50 million.

"It has made it possible for us to strengthen and secure domestic flight connections," SAS writes in an email comment.

The support comes after Bra last week had its reconstruction extended by three months.

The future of free trade
EU: The agreement could save companies over SEK 40 billion

The EU expects exports to India to double by 2032 and that companies will save around EUR 4 billion, equivalent to just over SEK 42 billion, in customs costs as a result of the new agreement. This is reported by Reuters.

"Europe and India are making history today. This is just the beginning," writes EU Commission President Ursula von der Leyen in a post on social media.

India is lowering tariffs on cars, wine and industrial goods, among other things, while the EU is opening up almost duty-free imports from India. The agreement is expected to enter into force in 2027.

Sources: EU gets record car quota in new trade deal

The new trade deal between India and the EU contains the largest concession India has made to foreign car manufacturers, sources with insight into the negotiations told Bloomberg.

European companies are allowed to export up to 250,000 cars at reduced tariffs – six times more than in India's agreement with Britain, the news agency writes.

At the same time, Indian car manufacturers are getting increased quotas to the EU, a move that should boost the country's export ambitions and automotive industry.