Economist Jeffrey Sachs said stronger India-China cooperation could help create a multipolar world, with the two countries potentially becoming the world’s largest economies. He called their relationship crucial for trade, investment, technology and global supply chains.
Ex-Tory chancellor says economy has ‘fallen off a cliff’ since Brexit but rejoining union could be ‘quite simple’Former chancellor George Osborne said Britain’s economy has “fallen off a cliff” since Brexit and that rejoining the European Union’s customs union would be the fastest route to recovery.Osborne, who resigned as chancellor after being part of David Cameron’s cabinet at the time of the referendum, said it was important to rebuild links with the EU. Continue reading...
Readers say the tariff battle is about Canadian freedom. They also disparage Pete Hegseth, say our auto industry is crucial, and more
Navigating the trade war has been a difficult balance for the Conservative leader. On American television, he looked to be finding his feet.
BRICS leaders including China, Russia and India entered a second day of talks in New Delhi on Sunday, discussing "inclusive global growth", after reaching rare agreement calling for calm in the Middle East. Indian Prime Minister Narendra Modi called for "cooperation" within the bloc, which he has said represents "50 percent of the world's population, 40 percent of global GDP and more than 25 percent of global trade".
The nominee to head the Ministry of Finance and Economy expressed his intention on Sunday to implement the cryptocurrency tax next January as scheduled, despite pushback from both industry players and opposition lawmakers. In written materials submitted to the National Assembly ahead of a confirmation hearing slated for Tuesday, Lee Hyoung-il, who currently serves as first vice finance minister, noted that specific tax rules would be finalized through a National Tax Service public notice by year-end, ensuring taxpayers face no confusion when filing. He also defended classifying crypto asset income as miscellaneous income under the current tax framework, calling it an “appropriate” approach to applying taxpayer-friendly measures, such as a basic deduction and a single tax rate. “Given that stock trades involving major shareholders, foreign equities and unlisted shares, along with transaction taxes, are already subject to taxation, extending tax rules to crypto assets is essential for tax fairness,” he said. The crypto tax regime treats profits from transferring or lending digital
Casablanca – Morocco’s merchandise trade deficit reached MAD 352 billion ($37.5 billion) in 2025, equal to 21% of…
Republicans are staring down a trade war of their own making -- and it could cost them the Senate.
Canada might seem an unlikely target for a U.S. trade war
Joint declaration at BRICS urges need to work together to maintain smooth flow of global trade, supply chains and energy
Republican candidates in some of the nation’s most competitive races are treading carefully as local industries brace for President Trump’s tariffs.
Trade between India and China has nearly doubled in five years, leaving New Delhi with a widening deficit and a difficult choice over how to build its industrial future.
Canada’s buy-local movement remains strong, but new tariffs could test how much more shoppers are willing to pay.
The record price of diesel threatens to stoke inflation at a time when consumers are already price-sensitive and businesses are reeling from higher costs due to trade tensions. Why it matters: Diesel is a key cost throughout the supply chain, meaning soaring prices could eventually show up in what consumers pay for everything from groceries to household goods.Driving the news: The national average price of a gallon of diesel topped $6 for the first time ever, AAA said Friday, Axios' Ben Berkowitz reports.That's up 60% from a year earlier.Between the lines: Food prices could be among the first places consumers feel the ripple effects, executives said this week.At grocery chain Kroger, which has been trying to keep a lid on prices: "I would expect that the pressure is actually going to mount," CEO Greg Foran said Friday on an earnings call.At pork producer Smithfield Foods: "That impact is beginning to flow through in the second half of the year," CFO Mark Hall said Thursday.At Hormel Foods: "With the Iran war and the spike in diesel costs, that's been something we've had to confront," interim CEO Jeffrey Ettinger said Wednesday.But the effects extend well beyond food.For example, at Newell Brands — whose portfolio includes Rubbermaid, Sharpie and Coleman — the inflationary impacts of energy costs have far exceeded the company's initial estimates."It's either resin, which is obviously dependent on the price of oil, or it is direct transportation costs, i.e., diesel," CFO Mark Erceg said Tuesday.The big picture: Energy prices have spiked since President Trump launched the war with Iran, which prompted the closure of the Strait of Hormuz, a key shipping lane.The latest Energy Information Administration outlook expects retail diesel to average $4.40 a gallon in 2027, up 33 cents, or 8.2%, from its previous forecast of $4.07, Axios' Rebecca Falconer and Ben Geman reported.The average price of unleaded gasoline has also spiked, rising by $1.11 over the last year to $4.30 per gallon as of Friday, according to AAA.By the numbers: 47 of the 50 states have experienced an increase in average diesel prices of more than $2 per gallon over the last year, according to GasBuddy analyst Patrick De Haan.The economy is facing an extra $300 million in diesel costs every 24 hours.California is poised to become the first state with average diesel prices above $8 — with many stations already above $9, according to GasBuddy.The bottom line: Record diesel prices are turning the energy shock into a broader cost shock for businesses and consumers.
Ontario Premier Doug Ford said on Thursday that he hopes Republicans in the U.S. lose both the House and Senate in the upcoming midterm elections, according to reports.