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…
China Partially Eases Ban on Japanese Seafood Imports
China has decided to lift its two-year ban on seafood imports from most regions of Japan, a restriction initially imposed over concerns about treated wastewater released from the Fukushima nuclear…
Mortgage Demand Falls Despite Lower Interest Rates
Mortgage applications to purchase a home declined 3% last week compared with the previous week, according to the Mortgage Bankers Association’s (MBA) seasonally adjusted index. Despite this weekly drop, application…
New Trustees’ Report Warns Social Security Retirement Fund May Run Out Within a Decade
The Social Security Board of Trustees released its annual report confirming that the trust fund responsible for paying retirement benefits is projected to be exhausted by 2033, unchanged from last…
New York Fed survey shows inflation concerns declined in May amid Trump’s tariff easing
Americans showed reduced fears about inflation in May, coinciding with President Donald Trump’s decision to pull back from some of his most severe tariff proposals. The New York Federal Reserve’s…
Russia cuts interest rates to 20% for the first time since 2022 as inflation cools
On Friday, Russia’s central bank lowered its key interest rate by 100 basis points to 20%, marking its first rate cut since September 2022. This move suggests that inflation pressures,…