China ended 2025 with the largest trade surplus ever recorded, underscoring how resilient its export-led growth model has been — even in a year dominated by tariff threats and trade tensions under U.S. President Donald […]
Mexico has announced a 156% tariff on imported sugar, a major protectionist move aimed at shielding local producers from falling global prices and a potential domestic oversupply. The decision, signed into law by President Claudia […]
The Philippines has announced that it will reopen rice imports in January 2026, allowing 300,000 tonnes of rice to enter the country after several months of import restrictions. The move comes as local rice stocks […]
After months of escalating tariffs and political friction, U.S. President Donald Trump and Chinese leader Xi Jinping have signalled a tentative step toward easing trade tensions following a high-profile meeting at the Pacific Rim summit […]
In the latest twist of U.S. trade policy, President Donald Trump has announced plans to quadruple beef imports from Argentina in an effort to drive down soaring domestic prices. The move has angered U.S. cattle […]
China’s economy looks set to record its slowest growth in a year, with GDP expected to rise just 4.8% in the third quarter of 2025. Analysts say a slumping property sector, weak domestic demand, and […]
South Korea’s export growth slowed to just 1.3% in August, well below market expectations, as new U.S. tariffs took a major toll on trade — especially in automobiles, steel, and machinery. Shipments to the United […]
China’s electric vehicle (EV) industry is accelerating into international territory, investing more overseas in 2024 than at home for the first time on record. A new report from the Rhodium Group reveals a significant shift: […]
President Trump has called his new trade pact with the UK a “maxed out deal.” But behind the headlines, the fine print reveals something less exciting for economists and trade experts: a 10% baseline tariff […]
China’s economy started 2025 with stronger-than-expected momentum, growing by 5.4% in Q1—comfortably above forecasts of 5.1%. It’s a solid showing for the world’s second-largest economy, especially as the full impact of U.S. tariffs under President […]
A new chapter in the U.S.-China trade war is unfolding—and it’s one that economists fear could bring widespread economic pain. President Trump has announced tariffs of at least 104% on Chinese goods, the most severe […]
The U.S.-Canada trade war is spilling over—literally. In response to Trump’s 25% tariffs on Canadian goods, several Canadian provinces, including Ontario, have removed U.S.-made alcohol from store shelves. The Liquor Control Board of Ontario (LCBO), […]
President Donald Trump has reignited his trade war strategy, imposing sweeping 25% tariffs on all steel and aluminum imports. Unlike his first administration’s tariffs, which were justified on national security grounds, this time Trump is […]
In a swift and strategic response to new U.S. tariffs, China has imposed its own levies on American goods while launching an antitrust investigation into Google. The move underscores the intensifying economic rivalry between the […]
Greenland might not seem like a typical focus for the United States, yet it became a surprising headline when former President Donald Trump floated the idea of purchasing the vast Arctic territory. While the suggestion […]
BRICS, the bloc of major developing economies, has welcomed Nigeria as its newest partner country. Originally formed in 2009 by Brazil, Russia, India, and China—later joined by South Africa in 2010—BRICS was established as a […]
Saudi Arabia has unveiled a $100 billion investment to supercharge its mining sector, targeting critical minerals like lithium, nickel, and rare earth elements. This massive expenditure isn’t just about extracting resources—it’s a bold economic strategy […]
China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]
U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]
In one of the largest fines ever imposed on a company, a Russian court has ordered Google to pay a staggering 2 undecillion roubles—a number so vast it’s hard to imagine, equaling about $20 decillion […]
Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]
Nvidia is making bold moves in India’s booming tech market! At their AI Summit in Mumbai, CEO Jensen Huang, joined by Bollywood superstar Akshay Kumar and Reliance’s Mukesh Ambani, announced major collaborations aimed at transforming […]
World Bank President Ajay Banga has highlighted the urgent need for bilateral creditors to provide more debt relief to developing countries facing severe financial distress. Speaking ahead of the World Bank and International Monetary Fund […]
Chinese automaker Chery has begun assembling vehicles in Russia, taking over production in three factories previously operated by Volkswagen, Mercedes, and Nissan. These factories had been vacated following the exodus of Western companies due to […]
In the latest round of trade disputes, China has imposed new tariffs on European brandy imports, a move seen as retaliatory after the European Union levied tariffs on Chinese electric vehicles. French officials have criticized […]
“Black Myth: Wukong,” a Chinese-developed action RPG, has achieved unprecedented success, selling over 10 million copies within just three days of its release. Developed by Game Science, this title has quickly climbed to the top […]
Governments worldwide could raise over $2 trillion by adopting Spain’s wealth tax model, according to the Tax Justice Network. This additional revenue could play a crucial role in funding climate transition initiatives. The concept of […]
India is poised to surpass Japan as the world’s third-largest economy by 2025, with a projected nominal GDP of $4.34 trillion compared to Japan’s $4.31 trillion. This forecast by the International Monetary Fund (IMF) comes […]
The European Commission has initiated inquiries into two Chinese solar panel manufacturers amid concerns of potential government subsidies that contravene EU competition regulations. These investigations emerge as these firms vie for a contract to develop […]
In a financial milestone, dividends paid out to shareholders worldwide soared to a record $1.66 trillion in 2023, reports British asset manager Janus Henderson. This remarkable growth, up 5% from the previous year, underscores the […]
The UK government is set to introduce a ban on foreign government ownership of British newspapers and news magazines. This decision follows the contentious proposed acquisition of the Daily Telegraph and the Spectator by RedBird […]
Australian supermarkets are facing a notable shortage of soft drinks, leaving shelves surprisingly empty. The root of the issue? A significant shortage of carbon dioxide (CO2) on the east coast! This shortage stems from local […]
Volkswagen has partnered with Xpeng, a renowned Chinese electric car manufacturer, in a strategic move to reclaim its foothold in the rapidly growing electric vehicle (EV) market in China. This collaboration aims to develop two […]
The Indian government has taken a giant leap in the space sector by amending its Foreign Direct Investment (FDI) policy to encourage global participation. With the approval of the Union Cabinet, the space sector, including […]
China appears to be rerouting its exports to the United States via Mexico, sidestepping the hefty tariffs established by the US. Recent trade data suggests a significant uptick in Chinese goods shipped to Mexico before […]
In a recent move that’s caught the eyes of many, China has placed Shein, the global online retail giant, under the microscope as it prepares for an Initial Public Offering (IPO). This scrutiny isn’t just […]
China’s economy grew by 5.2% in the fourth quarter of 2023, falling slightly short of the anticipated 5.3% growth and highlighting ongoing challenges in its economic recovery. Despite this, the full-year growth for 2023 reached […]
China’s BYD (Build Your Dreams) has made a historic leap in the electric vehicle (EV) sector, surpassing Tesla to become the world’s largest EV maker. This shift signals a major transformation in the automotive industry, […]
Major Japanese automotive manufacturers have pledged an investment of 150 billion baht ($4.34 billion) into Thailand over the next five years. This substantial investment is aimed at bolstering Thailand’s transition to electric vehicle (EV) production, […]
Kentucky’s renowned bourbon industry is under threat of a substantial 50% tariff on exports to the European Union. This looming tariff, a potential outcome if the Biden Administration and EU do not finalize a trade […]
Saudi Arabia has recently unveiled a compelling tax incentive program, providing a 30-year exemption from corporate income tax for foreign companies moving their regional headquarters to the Kingdom. This initiative is a part of Saudi […]
The world is currently facing a significant surge in sugar prices, reaching levels unseen since 2011. This escalation, largely due to reduced global supplies following unfavorable weather in key sugar-exporting countries like India and Thailand, […]
The global trade ecosystem is witnessing a seismic shift, with ‘Made in India’ labels becoming increasingly prominent on American shelves, a terrain once dominated by ‘Made in China’ products. This transformation, captured in a comprehensive […]
WeWork, the co-working giant that once boasted a valuation of $47 billion, has filed for Chapter 11 bankruptcy. The company, which has been struggling with a net long-term debt of $2.9 billion and over $13 […]
The U.S. Treasury Department is set to borrow a hefty $776 billion in the final quarter of 2023, a figure that’s slightly lower than the previous quarter’s record borrowing but still significant. This borrowing is […]
Apple, the tech giant known for its iPhones and MacBooks, is bracing for its fourth consecutive quarterly revenue decline. As the company prepares to report its earnings, Wall Street anticipates a slight dip in sales […]
Billionaires around the world might need to keep a closer eye on their bank accounts. A recent report by the EU Tax Observatory suggests that some of the world’s wealthiest individuals are paying little to […]
Nigeria is making strategic moves in the global lithium market. The country has tightened rules around mining its lithium minerals due to the increasing demand from foreign mining companies. The Nigerian government has mandated that […]
Mexico, known for its rich culture and vibrant history, has recently seen a rise in remittances from abroad, making it the second-largest recipient after India. However, the Mexican currency, the peso, has been soaring, reaching […]
The International Monetary Fund (IMF) has updated its economic forecasts for the year with the U.S. growth projection raised by 0.3 percentage points to 2.1%, compared to its July update, while the euro zone’s forecast […]
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