Renewed bombardment along the Persian Gulf has brought a global oil shortage even closer, the International Energy Agency (IEA) has warned.
Tag: Global Economy
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TRUMP LAYS NEW TARIFFS ON 60 COUNTRIES
Donald Trump has imposed tariffs of 10 to 12.5 percent on 60 countries, encompassing 99 percent of U.S. foreign trade to punish the countries for not doing enough to fight the use of forced labor around the world.
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GOING OUT OF BUSINESS TRENDS
The economic slowdown continues to spread from Wall Street to Main Street as a growing wave of closures, layoffs, and downsizing hits a wide range of industries from manufacturers and retailers to restaurants, schools, healthcare providers, and distribution centers.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The job market continues to send troubling signals as major corporations across finance, technology, manufacturing, retail, transportation, and media slash thousands of positions.
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SPOTLIGHT: CHINA’S MARCH TOWARD GLOBAL TECH DOMINANCE
China has begun a diplomatic initiative around AI development in developing nations.
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SPOTLIGHT: BIGS GETTING BIGGER
BlackRock, the world’s richest private equity firm, became even richer in the second quarter when it posted $192 billion in net second-quarter income, 31 percent ahead of the second quarter in 2025.
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CHINA CLAMPS DOWN ON RARE EARTH EXPORTS
China, which dominates mining and production of the rare earth elements essential in high-tech manufacturing, tightened their exports to Japan in recent weeks after prime minister Sanae Takaichi commented on Japan’s response to an attack on Taiwan.
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CHINA’S CAR EXPORTS TOP ONE MILLION FOR THE FIRST TIME
In June, China’s carmakers exported 1.06 million passenger vehicles, a 71.2-percent increase from a year earlier, the National Bureau of Statistics (NBS) reported.
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CHINA’S SECOND-QUARTER GROWTH SLOWEST IN MORE THAN THREE YEARS
China’s economy expanded by 4.3 percent in this year’s second quarter, the slowest since early 2023, well under the first quarter’s 5-percent bump and below the bottom of Beijing’s 2026 forecast of “4.5 to 5 percent.”
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BRAZIL’S DIGITAL PAYMENT SYSTEM PROMPTS 25-PERCENT U.S. TARIFF
A key reason for Donald Trump’s new 25-percent tariff on Brazil’s exports to the U.S. is Pix, the country’s wildly popular digital payments system.