Exporters are rushing their products to U.S. customers ahead of a variety of new U.S. tariffs expected to take effect this month.
Category: 7 July 2026
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JAPAN “READY TO ACT” AS YEN PLUNGES TO 40-YEAR LOW
The Japanese yen fell below ¥162 to the dollar on 29 June, its weakest since December 1986, as the Iran War’s fuel price shock sharpened the country’s struggle to wrangle inflation.
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EUROZONE INFLATION SETTLES BACK BELOW 3 PERCENT
The Eurozone’s headline inflation rate in June was 2.8 percent, down from 3.2 percent in May and moving back closer to the European Central Bank’s (ECB’s) 2-percent target rate.
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EUROPE FACES WINTER WITH GAS STOCKS LOWEST IN 15 YEARS
Europe is scrambling to rebuild its natural gas reserves from their lowest levels since 2011 as winter approaches and crucial gas supplies are still constrained because of the Iran War.
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SPOTLIGHT: THE WORLD OIL MARKET IN FLUX
The Iran War is far from settled. Mideast oil and gas production facilities and shipping terminals have been damaged and not yet repaired.
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“MASSIVE EXODUS” AS PEOPLE LEAVE THE U.S. LABOR FORCE
The U.S. labor force participation rate – the share of people ages 15 through 64 working or actively seeking a job – declined to 61.5 percent in June, its smallest since 1976 aside from the COVID era, according to the Bureau of Labor Statistics (BLS).
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U.S JOB CREATION FALLS TO 57,000 IN JUNE
The U.S. economy created 57,000 nonfarm jobs in June, according to the labor department’s flash estimate, barely half of the 110,000 expected by economists in a Reuters survey.
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FEDERAL COURT RULES AGAINST AMISH FAMILIES IN RELIGIOUS EXEMPTION CASE – WILL SUPREME COURT HAVE THE LAST WORD?
A federal court last week ruled against a group of Amish parents who sought religious exemptions from school vaccination requirements for their children – a ruling that legal experts suggest may lead to a U.S. Supreme Court showdown that could determine the future of religious exemptions nationwide.
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LET’S LEAVE THE STRAIT OF HORMUZ ALONE
President Trump was reportedly “shocked” to see many thousands of Iranians in the street mourning at the funeral of the country’s late leader, Ayatollah Ali Khamenei, over the weekend. Khamenei was assassinated by the United States at the beginning of the February US surprise attack on Iran.
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MARRIAGE IS ONE OF THE LEAST-IMPORTANT MARKERS FOR FEELING LIKE YOU’VE ACHIEVED THE AMERICAN DREAM, SURVEY SAYS
A newly released survey found that marriage was one of the least important benchmarks in what members of Gen Z consider to be achieving the American Dream.