Economy News

The United States and the United Kingdom struck a sweeping pharmaceuticals trade deal this week that removes all tariffs on medicines, active ingredients, and medical technology, while locking the UK into a sharp increase in drug spending. Under the agreement, the ...

Catastrophe bonds, once a niche US insurance-market product, are steadily becoming a global investment talking point as climate risks intensify and investors chase yield in a high-rate world. First issued in the 1990s, these instruments allow governments, insurers, and reinsurers to ...

Canada is rolling out a fresh layer of industrial protection as steel and lumber producers absorb the shock of steep US tariffs that have redefined cross-border trade flows. Ottawa will cut steel import quotas from non-free-trade partners to 20% of 2024 ...

President Donald Trump’s latest executive order marks a sharp pivot in his trade strategy, rolling back tariff rates on key agricultural imports in an effort to ease mounting concerns about food affordability. The measure, retroactive to Thursday, removes these goods from ...

Tariffs on steel and aluminium have cast a long shadow over the city of Nuevo Leon’s industrial economy, squeezing margins and freezing production cycles just as the region was positioning itself as Mexico’s darling of nearshoring. With US import duties jumping ...

The White House is moving to dial back some of its own trade barriers, announcing that coffee and banana imports from Argentina, Guatemala, El Salvador, and Ecuador will soon face lower duties. The shift comes as US President Donald Trump confronts ...

Japan’s economy shrank for the first time in a year and a half, underscoring how vulnerable the country remains to shifts in global trade. Government data for the July–September quarter shows GDP contracting at an annualised rate of 1.8%, a ...

India’s headline inflation cooled sharply to 0.25% in October, well below forecasts of 0.48% and easing from 1.54% in September, signaling that the Reserve Bank of India (RBI) could have more room to loosen policy. The decline came as falling food, ...

European equities pushed to fresh records as policy risk faded and earnings did the heavy lifting. The STOXX 600 added 0.5% to an all-time high of 583.4, with healthcare and luxury in front after upbeat broker commentary on Novo Nordisk ...

Germany’s trade balance weakened sharply in September 2025, slipping to an 11-month low as import demand surged past expectations. The monthly surplus narrowed to €15.3 billion, down from €16.9 billion in August and €18 billion a year earlier. Exports edged up ...

Global markets kicked off the week on a high as investors welcomed signs that the United States is close to ending its five-week government shutdown. The breakthrough came after centrist Democrats joined Republicans in a 60-40 Senate vote to advance ...

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 ...