China on Tuesday slapped tariffs on U.S. imports in a swift response to new U.S. duties on Chinese goods, renewing a trade war between the world’s top two economies as President Donald Trump sought to punish China for not halting the flow of illicit drugs. Trump’s additional 10% tariff across all Chinese imports into the U.S. came…
Oil prices retreated on Tuesday as U.S. President Donald Trump paused for a month a decision on steep tariffs on Mexico and Canada, the United States’ biggest foreign oil suppliers, while prospects of higher OPEC+ supplies from April also weighed. Brent futures fell 50 cents, or 0.7%, to $75.46 a barrel by 0432 GMT, while U.S. West Texas…
Russian President Vladimir Putin said he’s ready to discuss crude oil prices and other energy issues at a face-to-face meeting with US leader Donald Trump. Both Russia and the US are top global oil producers and consumers, Putin said in an interview with state-owned Rossiya 24 TV. Price movements in the commodity impacts both economies,…
Qatar plans to introduce three new laws as part of a sweeping review of legislation designed to make the Gulf Arab state more attractive to foreign investors, the new minister of commerce and economy told Reuters. Sheikh Faisal bin Thani Al Thani said in an interview that Qatar plans to introduce new legislation including a…
Nine out of 10 US firms operating in Europe believe transatlantic economic relations will worsen in coming years, with the expected policies of incoming US President Donald Trump such as tariffs the chief cause, according to a survey published on Monday. The American Chamber of Commerce to the European Union , which has more than…
Chinese Vice President Han Zheng met with tech tycoon Elon Musk and urged US firms to “seize the opportunity” to deepen economic ties with China, Beijing’s state media said Monday. Han — who is set to attend the inauguration of US President-elect Donald Trump later on Monday — met with Musk and other American business…
App no longer available on US Apple and Google stores after supreme court upholds lawmakers’ ban TikTok stopped working in the US late on Saturday, shortly before a federal ban on the Chinese-owned short-video app was due to take effect. The app was no longer available on Apple’s iOS App Store or Google’s Play Store….
US President-elect Donald Trump has launched his own cryptocurrency, appropriately called $TRUMP, sparking feverish buying that sent its market capitalization soaring on Saturday to several billion dollars. In a message posted on his Truth Social platform and X, Trump unveiled the so-called meme coin, which is designed to capitalize on the popularity of a certain…
Americans will be hit by a “Trump tariffs tax” if the US president-elect increases customs duties on Canadian products, the Canadian foreign minister said Friday, pledging a hard-hitting response in any trade war. Donald Trump, who returns to the White House next week, has said he plans to slap 25 percent tariffs on Canadian imports as…
One of Russia’s key economic figures, Kirill Dmitriev, who leads the country’s sovereign wealth fund, has voiced a positive outlook on the potential for cooperation between Russia and the United States under incoming US President Donald Trump. In an exclusive interview with Hadley Gamble, International Anchor, at the Future Minerals Forum in Riyadh, Saudi Arabia,…
Canada could impose countermeasures on up to C$150 billion ($105 billion) worth of US imports if President-elect Donald Trump puts tariffs on Canadian goods and services, a source familiar with the matter said on Wednesday. Canada has drawn up a list of targets but would hold public consultations before acting, said the source, adding the extent…
In a fiery session at the Future Minerals Forum, Alcoa CEO William Oplinger dropped a warning about what he forecasts could be dire consequences of former US President Donald Trump’s proposed tariffs on minerals, just days before he returns for a second term. The forum, the largest of its kind, held in Riyadh, Saudi Arabia,…
The Russian Prime Minister arrived in Vietnam on an official visit the day before and has already held talks with Vietnamese Prime Minister Pham Minh Chinh with the participation of delegations from both countries Russia and Vietnam expect to reach $15 bln in trade turnover by 2030 by implementing a comprehensive cooperation plan, Russian Prime…
Trade between China and Russia reached a record high last year, official data showed Monday, reflecting strong economic ties between the countries despite Western sanctions on Moscow. Combined imports and exports with Russia totaled $244.8 billion in 2024, according to figures published by China’s General Administration of Customs, up slightly from $240.1 billion in 2023. Last year’s…
Multiple wildfires in the Los Angeles area have left at least 10 people dead and thousands more with damaged or destroyed homes. Putting everything back together could take billions of dollars and a decade of rebuilding, experts say. The wildfires have ripped through an area of about 20,000 acres, or around twice the size of Manhattan, and left…
