business

ECB holds rates at 2.25 percent as euro-area inflation eases to 2.8 percent, Middle East energy risks cloud outlook

Policymakers are assessing whether the energy shock will create persistent price pressures 

Japanese yen hits nearly 40-year low at 163 per U.S. dollar as Tokyo signals intervention, BOJ hints at rate hike

Tokyo said it was prepared to take decisive action against excessive currency movements

U.K. inflation falls to 15-month low of 2.6 percent as fuel, food prices ease

The surprise slowdown offers relief to households while renewed energy risks cloud the outlook

Trump tariffs could hit 60 economies as 10 percent global levy expires

The administration is considering duties of up to 12.5 percent under a forced-labor trade investigation 

U.S. imposes additional 50 percent tariffs on Canadian goods from August 19

New duties cover products ranging from wine to hockey sticks and cement, including goods that qualify under the USMCA 

Manchester United stadium regeneration could add $9.8 billion annually, create 92,000 jobs

The wider Old Trafford plan could deliver more than 17,000 homes and attract an additional 1.8 million visitors annually

Euro area swings to $8.9 billion trade deficit as imports rise 10 percent, EU gap hits $13.8 billion

An energy shortfall and weaker manufacturing surplus reversed last year’s EUR15 billion goods trade surplus 

Bank of Korea raises rate to 2.75 percent in first hike since 2023 as inflation hits 3.2 percent

The central bank signaled that further increases may follow as inflation and household debt risks persist 

India-U.K. trade deal takes effect with duties removed on 96.8 percent of U.K. tariff lines

The agreement expands goods, services and professional mobility across both markets.

ECB selects 36 payment providers for 12-month digital euro pilot starting in 2027

The pilot will cover person-to-person, retail, mobile and e-commerce transactions 

Trump orders halt to U.S. trade with Spain over NATO spending dispute

The U.S. president criticized Madrid’s refusal to meet the alliance’s new spending target 

World Bank keeps China GDP growth forecast at 4.4 percent for 2026 as AI investment supports economy

The economy remains resilient despite global energy and external risks

U.S. trade deficit widens to 14-month high of $77.6 billion as AI investment fuels import surge

Record capital goods imports and strong domestic demand weighed on second-quarter growth

Eurozone inflation drops to 2.8 percent in June as energy, services pressures ease

Fresh Eurostat data suggests price pressures in the euro area are becoming less intense 

U.S. inflation breaks 4 percent level for first time since 2023 as oil shock pushes prices higher

Rising energy prices linked to Middle East tensions push inflation above Fed target levels

EU approves tariff cuts on U.S. goods under Trump trade deal agreement

The move fulfills the EU’s obligations under a trade deal and helps avoid renewed tariff tensions 

ECB keeps cautious stance as Lagarde signals limited room for more rate hikes

Policymakers remain focused on inflation while supporting economic growth 

Europe’s climate damage costs hit $941.7 billion as fiscal risks grow

A new report highlights the rising economic burden of extreme weather across the EU 

China targets U.S. rare earth companies with new export restrictions

The move follows Washington's latest sanctions on several Chinese companies

U.K. interest rates stay at 3.75 percent as Bank of England warns over energy price uncertainty

The central bank warned that geopolitical tensions are clouding the inflation outlook 

Eurozone’s inflation rises to 3.2 percent in May as services keep price pressures elevated

Eurostat data showed inflation accelerated across both the euro area and the European Union

France to invest $760 million in AI expansion, sovereign government tools under France 2030 plan

New initiatives include a secure AI assistant for public servants and national data platforms

U.K. GDP shrinks 0.1 percent in April as services drive decline, inflation eases to 2.8 percent

Mixed signals from inflation and GDP leave policymakers balancing stability and weak momentum 

Putin affirms BRICS drives growth as bloc generates 49 percent of global GDP expansion, $1 trillion in trade

The member states' share of global trade has more than doubled since inception