Is America really getting rich off tariff revenue?
The United States is collecting more tariff revenue than at any time in its modern history. In July alone, it pulled in nearly $30 billion from customs duties. That follows…
Israel’s Leviathan gas field secures historic $35B export deal with Egypt
NewMed, a partner in Israel’s Leviathan natural gas field, announced Thursday that the field has secured the largest export agreement in the nation’s history, a deal valued at up to…
How Swiss tariffs will affect US customers
Swiss exporters are bracing for the possibility of 39% US tariffs set to take effect Thursday, one of the highest rates applied to any country under Washington’s “reciprocal tariff” policy.…
Trump’s tariff gamble on chips and drugs could change everything
On August 5, Donald Trump confirmed that the United States will impose tariffs on imported pharmaceuticals. Semiconductor tariffs are also on the way, with the president promising details within days.These…
Generative AI begins to reshape the US labor market, Goldman Sachs economist warns
The arrival of generative artificial intelligence is already leaving its mark on the American labor market, with early signs of disruption appearing in employment data, according to a senior Goldman…
Glencore sticks with London listing, scraps NY plans as losses widen
Glencore has ruled out a shift of its primary listing to the United States, reaffirming its commitment to the London Stock Exchange despite the market’s recent struggles to retain large…
Asian markets open: Japan’s Nikkei falls 0.12%, Sensex to open flat ahead of RBI policy
Asia-Pacific stock markets began Wednesday’s session with a mixed and cautious performance, as investors grappled with weaker-than-expected US economic data and a fresh tariff threat from US President Donald Trump,…
India’s IPO frenzy: why companies are rushing to raise $2.1B before Aug 12
A flurry of Indian companies is making a last-minute dash to the public markets, aiming to attract global investors in a rush of Initial Public Offerings (IPOs) before a key…
Coal-fired power declines as India leverages inventories
Despite an increase in electricity demand, Indian power plants have reduced their fresh coal purchases from state-run Coal India and are instead utilising their record-high inventories. This marks the fourth consecutive…
Europe markets open: Equities gain; focus on earnings, UK budget deficit concerns
European stock markets began Wednesday’s session on a positive note, with major indices rising as investors reacted to a fresh batch of corporate earnings reports. While concerns about the UK’s…