Economy News

China’s exports slipped 1.1% yearonyear in October, marking the weakest performance since February and reversing the 8.3% surge seen in September. The decline was driven by a sharp 25% fall in shipments to the United States, extending a sevenmonth streak of ...

Prime Minister Mark Carney introduced his first federal budget promising generational investments to fortify the Canadian economy and inoculate it against a U.S. trade war. Yet economic analysts say the plan falls short of delivering transformative change. Facing a minority government ...

In a bold move, OpenAI and Amazon sealed a US$38 billion agreement that grants the ChatGPT creator access to AWS data centres and “hundreds of thousands” of Nvidia AI chips to power the next wave of its artificial-intelligence systems. Following the ...

Saudi Arabia is shifting its economic engine from crude to code, pouring billions into artificial intelligence through Humain, a state-backed firm owned by the Kingdom’s nearly $1 trillion sovereign wealth fund. Announced by Crown Prince Mohammed bin Salman in May, Humain ...

Markets leaned risk-on after the Fed chair Jerome Powell signaled room for additional easing this year, even as trade friction simmered between the world’s two biggest economies - the US and China. The policy cue was clear enough for futures: S&P ...

China’s trade data split in two directions in September: global shipments surged while U.S.-bound volumes shrank. Worldwide exports climbed 8.3% year on year to $328.5bn, a six-month high and nearly double August’s 4.4% pace. Imports rose 7.4% after 1.3% in August, ...

China has expanded export curbs on rare earths and related know-how, adding licensing to any product with more than 0.1% domestically sourced rare earth content or made using Chinese extraction, refining, magnet-making, or recycling technology. Permits will be denied for counterparties ...

Chinese electric vehicle maker BYD has overtaken expectations in Britain, posting an 880% year-on-year jump in sales for September. The company sold 11,271 cars during the month, cementing the UK as its largest market outside China. Most of the growth ...

Japanese equities surged after the ruling Liberal Democratic Party chose Sanae Takaichi as its leader, a result markets treated as bullish for Japan’s business potential. The Nikkei 225 jumped 4.75% on Monday to close above the 47,000 mark for the first ...

Eurozone annual inflation rose to 2.2% in September from 2.0% in August, its highest reading since April, while month-on-month prices inched up 0.1%, matching August’s small advance. Core inflation, which strips out food and energy, remains sticky at 2.3% for a ...

Dubai’s property market accelerated in September 2025, recording 20,127 transactions, an 11.3% year-on-year rise, and $14.79 billion in sales, up 21.2% from the same period a year earlier. Average prices reached about $459.90 per sq. ft., underlining demand for prime stock ...

Canada’s housing sector, which accounts for nearly 13% of GDP or around US$287bn, has shown tentative signs of recovery after months of sluggish activity. The Bank of Canada’s recent decision to trim its key rate by 25 basis points to 2.5%, ...

Germany is preparing to redirect as much as €83 billion toward European-made weapons, a pivot away from heavy reliance on the US defence industry. The German government has mapped out 154 procurement projects between September 2025 and December 2026, with only ...

Nvidia shares climbed nearly 4% on Monday after the world’s most valuable chipmaker confirmed plans to invest as much as $100 billion in OpenAI, marking one of the largest commitments yet in the artificial intelligence arms race. The deal, structured as ...

Canada and Mexico have agreed to strengthen co-operation on trade and security as they continue to feel the heat from Washington’s protectionist stance. Prime Minister Mark Carney’s first official visit to Mexico City signaled a reset in relations with President Claudia ...