Oil prices climbed more than 2% on Friday after the International Energy Agency (IEA) said the global market may be tighter than it seems, supported by strong summer demand. Meanwhile, concerns over new US tariffs and possible fresh sanctions on Russia also added upward pressure.Brent crude rose $1.72, or 2.5%, to settle at $70.36 per … Read more
US stocks opened lower on Friday, pulling major indexes off their record highs from the previous session, as investor sentiment turned cautious following President Donald Trump‘s fresh tariff announcements.The S&P 500 fell 0.6% in early trading, while the Nasdaq composite slipped 0.4%. The Dow Jones Industrial Average was down 317 points, or 0.7%. The pullback … Read more
Canadian Prime Minister Mark Carney on Thursday vowed to defend Canadian workers as the August 1 tariff deadline approaches. This response comes after US President Donald Trump announced a steep hike in duties on a broad range of Canadian imports to 35%, a move that deepens tensions between the two longtime allies.Sharing a post on … Read more
US President Donald Trump announced a 35 per cent tariff on Canadian imports, effective August 1. The decision was conveyed in a letter to Canadian Prime Minister Mark Carney on Thursday, marking the latest in a string of over 20 similar communications Trump has issued since Monday.The move follows escalating tensions over trade policies, with … Read more
NEW DELHI: Further talks on the India-US trade deal are lined up in the coming days with negotiators once again headed to Washington as the government seeks to finalise an agreement, without any deadline pressure. “We are not differentiating between an interim or the first phase of the bilateral trade agreement. We are negotiating a … Read more
Indian enterprises operating in Singapore are expected to benefit from a new Business Adaptation Grant unveiled by the city-state to help local firms manage the challenges arising from global tariff shifts, including those tied to recent US trade measures.The Singapore Indian Chamber of Commerce and Industry (SICCI) welcomed the government’s announcement, calling the grant a … Read more
US President Donald Trump announced on Wednesday his intention to implement a 50% tariff on Brazilian imports, partially responding to what he terms a “witch hunt” against his political ally, former Brazil President Jair Bolsonaro, who faces coup-related charges.Trump’s letter addressed to President Luiz Inácio Lula da Silva stated the tariffs would commence August 1. … Read more