Trump signals tariffs ranging from 15% to 50% ahead of August deadline
US President Donald Trump has indicated that he will not go below a 15% rate as he sets his “reciprocal” tariffs on US trading partners, a sign that the floor…
Economy
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New EU sanctions on India’s Nayara Energy to have limited global oil market impact
New European Union sanctions targeting Nayara Energy, a major Indian refinery with significant Russian ties, are expected to have a limited impact on global oil markets, according to Rystad Energy.This…
Australia eases US beef import rules, analysts doubt market impact
Australia’s agriculture ministry announced on Thursday that it would relax restrictions on US beef imports. This decision could facilitate trade discussions with US President Donald Trump, who had criticised Australia’s previous…
Lloyds share price dips as profits beat forecasts but bank holds guidance
Lloyds shares edged down on Thursday despite the bank reporting better-than-expected profits, as it opted to leave its full-year guidance unchanged.Share price was down by 0.41% at 9:21 am. Lloyds…
Musk may not be done with US politics: report
A fresh report has surfaced in the latest tender offer from Elon Musk’s SpaceX, suggesting that the billionaire entrepreneur may re-engage in US political advisory roles in the future, reported…
China’s heatwave fuels power crisis and health warnings
Amidst record-breaking heatwaves gripping large parts of China, the country issued a warning on Wednesday regarding potential power supply disruptions. Authorities also advised the elderly to take precautions against heatstroke as…
Chinese import shifts, infrastructure boom reshape global metals markets
Recent developments in China’s import landscape and ambitious infrastructure projects are sending ripples through global commodity markets, particularly impacting copper, rare earths, and iron ore. While some shifts signal potential supply…
Gold shines amid dovish Fed talk, platinum faces mixed signals
Gold prices began the week on an upward trajectory, bolstered by dovish remarks from a prominent figure within the US Federal Reserve. Christopher Waller, a Fed Governor, reiterated his stance that…
Brazil warns US tariffs could derail trade talks ahead of August 1 deadline
Brazil’s Finance Minister Fernando Haddad said on Monday that negotiations with the United States are ongoing, but it is unlikely that any new trade deal will be in place before…
Brazil economists trim 2026 inflation forecast for first time in over two months
Private economists who are surveyed every week by Brazil’s central bank slashed their 2026 inflation projection for the first time in over two months, in what may be a positive…