Trump's Trade Barrage: New Tariffs Hitting Canada, Mexico, and China
Feb 28, 2025 04:15 am UTC| Economy Insights & Views
Starting March 4, 2025, new tariffs will be imposed on Mexican, Canadian, and Chinese imports by the United States. The President has expressed a tariff of 25% on almost all imports from Mexico and Canada and a reduced...

The world needs a circular economy. But workers in developing countries shouldn’t pay the price
Feb 27, 2025 11:56 am UTC| Insights & Views Economy
The circular economy offers a fresh approach to how we produce and consume, focusing on reducing, reusing, recycling and recovering. It moves us away from the traditional make, use, discard model, creating a more...

Iron Ore Prices Decline as Chinese Steel Faces Global Tariffs
Feb 27, 2025 05:52 am UTC| Economy
Iron ore futures fell over 1% on Thursday, pressured by rising tariffs on Chinese steel and increasing iron ore imports into China, the worlds top consumer. On the Dalian Commodity Exchange (DCE), the most-traded May iron...

China Tightens Capital Controls as Yuan Faces Mounting Pressure
Feb 27, 2025 05:52 am UTC| Economy
China is ramping up efforts to curb capital outflows as the yuan weakens under economic pressures and U.S. interest rate disparities. Authorities have heightened scrutiny on overseas investments by domestic firms and the...

Asian Currencies Weaken as US Dollar Gains Amid Tariff Uncertainty
Feb 27, 2025 05:52 am UTC| Economy
Asian currencies slipped on Thursday as the U.S. dollar strengthened, fueled by market uncertainty over President Donald Trumps tariff plans and anticipation of key U.S. inflation data. The U.S. Dollar Index climbed 0.2%...

Oil Prices Rise Amid U.S. Inventory Shifts and Trump’s Tariff Moves
Feb 27, 2025 05:52 am UTC| Economy
Oil prices inched higher in Asian trading Thursday after hitting a two-month low, as investors weighed U.S. crude stock data and new tariff threats from former President Donald Trump. Brent crude futures rose 0.3% to...

Australia’s Business Investment Drops 0.2% in Q4, Missing 0.8% Growth Forecast
Feb 27, 2025 05:51 am UTC| Economy
Australias business investment took an unexpected dip in the December quarter, as declines in mining and construction overshadowed growth in data centers. According to the Australian Bureau of Statistics (ABS), private...