Economy

Crypto Market
Trump profits from trading in his own currency – owns trade

Donald Trump's memecoin has surged in value after the announcement that the 220 largest holders will be invited to dinner at his golf club outside Washington, writes Wired. The real winners: Trump-owned companies CIC Digital and Fight Fight Fight, which together own 80 percent of the assets.

The companies profit from trading fees rather than the cryptocurrency's value increase.

- If you have a cryptocurrency and control the market making and the fees generated, it is the volume and price movements that you care about, not the price itself, says Nathan van der Heyden, head of business development at crypto company Aragon, to the tech magazine.

 

Putin's Russia
Iranian oil minister: Signs billion-dollar contract with Russia

Iran will sign a cooperation agreement with Russia worth $4 billion to build seven oil fields, Iranian Oil Minister Mohsen Paknejad tells state television according to Reuters.

The oil minister also says that Iran will expand cooperation with Russia in the agriculture, banking and oil sectors.

Tariff crisis Votes on tariffs
Chief economist: China does not seem to be in a hurry with crisis plans

China promises support for companies and workers affected by US tariffs, but does not announce any additional budget deficits during today's party meeting.

-It seems that Beijing is in no hurry to launch a large stimulus package at this stage, Pinpoint Asset Management's chief economist Zhiwei Zhang told Reuters, adding that it takes time to evaluate the extent of the tariff shock.

Swedish inflation
Breman calm despite the chaos - can both lower and raise

The Riksbank can both raise and lower the key interest rate from the current level of 2.25 percent, Deputy Governor Anna Breman tells TT.

The tariff crisis means that uncertainty is currently high, but Breman believes that Sweden is well prepared. She points to, among other things, the latest wage agreements that give households "nice real wage increases".

- And Swedish companies, we know, are usually extremely good at finding new markets, even when things are turbulent in the world around them, she says.
 

Rapportfloden
Saab CEO: Great demand even if there is a ceasefire

Saab has noticed pressure from customers to shorten delivery times, as countries in Europe and the world are rapidly building up their military capabilities.

- The desire to speed up the rearmament in Europe and shorten lead times is definitely a trend, CEO Micael Johansson tells Bloomberg.

To meet the needs, Saab has hired 800 people in the first quarter alone. Johansson also does not see a ceasefire in Ukraine as something that will lead to reduced demand, he tells Direkt.

- We still need to build up a deterrent effect.