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.
Tag: Global Economy
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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.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
Layoffs increased nearly 40 percent in August, with 85,979 positions eliminated in the U.S., according to job placement firm Challenger, Gray and Christmas.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.