UK Economic Growth Slows to 0.1% After Sharp Drop in Car Production Linked to JLR Cyber-Attack
UK economic growth slowed to 0.1% in the July-to-September period, falling short of the 0.2% expected by analysts, according to figures from the Office for National Statistics (ONS). The slowdown…
China Suspends Some Critical Mineral Export Curbs to the U.S. Amid Trade Truce
China has suspended several export restrictions on critical minerals and rare earth materials to the United States, signaling that a tentative trade truce between the two economic powers is holding.…
Malaysia to Build $142 Million Magnet Plant to Boost Rare Earth Sector
Malaysian Prime Minister Anwar Ibrahim announced the construction of a 600 million ringgit ($142 million) super magnet manufacturing facility in Pahang, describing it as a key step toward strengthening Malaysia’s…
Dutch Government Seizes Control of China-Owned Chip Company
The Dutch government has assumed control of Nexperia, a Chinese-owned chipmaker in the Netherlands, by invoking the Goods Availability Act. This “highly exceptional” decision aims to safeguard the European supply…
China Accuses U.S. of Double Standards Amid Tariff Threat
China’s government has denounced President Donald Trump‘s latest threat to impose an additional 100% tariff on Chinese goods, calling it a “typical example of US double standards.” A spokesperson for…
Trump Declares Inflation ‘Defeated’ as Fed Cuts Rates, but Americans Still Struggle With High Prices
Inflation has risen for three of the last four months and is now slightly higher than it was a year ago. Despite this, neither President Donald Trump nor top Federal…
China Imposes Stricter Export Controls on Key Rare Earth Materials
China has tightened its export controls on rare earths and other materials critical for advanced technology manufacturing as trade negotiations continue with the U.S. Beijing processes roughly 90% of the…
AI Adoption Could Boost Canada’s GDP to $3.65 Trillion by 2035, PwC Study Estimates
Canada’s economy could grow exponentially by 2035 if businesses fast-track their artificial intelligence adoption and respond to growing climate change threats, according to a new study from PwC Canada. The…
Fed Chief Powell Says Stock Prices Appear ‘Fairly Highly Valued’
Federal Reserve Chair Jerome Powell noted on Tuesday that asset prices, a category that typically includes stocks and other risk instruments, are at elevated levels. Speaking at the Greater Providence…
India Seeks Fast-Track EU Trade Deal Amid Trump Tariff Pressures
India is moving closer to sealing a free trade agreement (FTA) with the European Union, Commerce Minister Piyush Goyal said Tuesday, noting that around two-thirds of the deal’s chapters have…
Trump’s 50% Tariff on India Takes Effect as Modi Pushes Self-Reliance
A new round of U.S. tariffs targeting India came into force Wednesday, with President Donald Trump imposing a 50% duty on a wide range of goods. The penalties include a…
As Trump Slams Goldman, Economists Warn Tariff Hikes Will Fuel Inflation
Goldman Sachs has faced sharp criticism for warning that higher tariffs will soon lead to stronger consumer inflation. But across Wall Street, many economists share the same outlook. Investors reacted…
Bank of England Signals Deeper Rate Cuts Possible if Job Market Weakens
The Bank of England is ready to implement more substantial interest rate cuts if the job market demonstrates a significant deceleration, according to its governor, Andrew Bailey. In a recent…
US-Owned Company Seized to Feed Russia Now Plans to Supply China and North Korea
A U.S.-owned canned food company seized by Russia to safeguard domestic food supplies is now aiming to boost its declining sales through exports to China, North Korea, and other new…