Mining giant Anglo American and copper-rich competitor Teck Resources will merge in an all-stock deal to achieve the mining industry’s largest combination in more than a decade.
Category: TRENDS ON THE GLOBAL ECONOMIC FRONT – Sep 9 2025
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SPECIAL REPORT: TRUMP’S TRADE WAR
Last week, Donald Trump signed an executive order giving some tariff exemptions to trading partners who make deals regarding exports to the U.S. of key items, such as agricultural products, aircraft and parts, chemicals , industrial metals and minerals, pharmaceuticals, and some components of solar panels.
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GOVERNMENTS MAY NEED TO BAIL OUT STABLECOINS, NOBEL ECONOMIST WARNS
Because governments are giving “insufficient supervision” to stablecoins, they may be forced into multibillion-dollar bailouts if the market for the digital currencies goes bad, Jean Tirole, 2014’s Nobel Prize winner in economics, said in a Financial Times interview.
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CHINA SLAPS STIFF TARIFF ON EUROPEAN PORK
China has announced a tariff of as much as 62 percent on pork imported from the European Union, claiming the Eurozone is dumping its excess pork into China at unfairly low prices.
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CANADA’S ECONOMY CONTRACTS FOR FIRST TIME IN ALMOST TWO YEARS
Bogged down by stiff new U.S. tariffs, Canada’s economy contracted by 1.6 percent in this year’s second quarter, according to the government’s Statistics Canada agency.
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GERMANY’S ECONOMIC REVIVAL BOGS DOWN
Last May, Germany’s new chancellor Friedrich Merz came to office with a plan to slash red tape, liberate the country’s economy, and fuel it with a €500-billion plan to revitalize the nation’s tattered infrastructure and spend at least that much on national defense.
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OPEC+ RETURNS MORE OIL TO AN ALREADY OVERSUPPLIED MARKET
In a virtual monthly meeting that lasted only 11 minutes, the eight principal members of OPEC+ agreed to return 137,000 barrels of oil a day to the world market, beginning 1 October.
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CHINA’S STOCK MARKET BOUNCES BACK
After languishing for the first half of this year, China’s stock market has come roaring back in July and August.
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WILL AI PERSONAL SHOPPERS BE THE NEXT BIG THING?
Major AI developers including Google, Microsoft, OpenAI, and Perplexity have introduced AI agents that will shop for you, present a custom-tailored array of products suited to your taste, and complete your orders for any items you select.
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EUROZONE ECONOMY BARELY GROWS IN SECOND QUARTER
The economies of the 20 nations sharing the euro currency grew a collective 0.1 percent in this year’s second quarter, a dramatic downshift from the 0.6 percent posted for this year’s first three months.