Trump tariffs push US, global recession risk to 60%, warns JP Morgan
The likelihood of a US and global recession this year has surged to 60 per cent, up from 40 per cent, according to…
Beijing unveils rare earth export curb, expands blacklist of US entities
China’s Ministry of Commerce has announced on Friday new export restrictions on certain rare earth materials, a…
China to impose additional tariffs on US goods starting April 10
China’s Ministry of Finance announced on Friday that it will introduce additional tariffs on all US imports…
IMF warns US tariffs pose ‘significant risk’ to global economy
The International Monetary Fund (IMF) on Thursday warned that new US tariffs pose a “significant risk” to the…
Mexico says dialogue with US ongoing after exemption from new tariffs
Mexico’s President Claudia Sheinbaum announced on Thursday that dialogue and cooperation with the United States…
Fitch downgrades China’s credit rating, cites debt, economic risks
Global ratings agency Fitch downgraded China’s sovereign credit rating on Thursday, citing concerns over “a…
UK compiles 417-page list of goods for possible retaliatory tariffs
Britain released a 400-page list of potential US goods for retaliatory tariffs on Wednesday in response to…
URGENT: US stocks fall sharply as Trump’s tariffs fuel fears of global trade war
US stocks tumbled sharply on Thursday, with major indexes plunging as President Trump’s sweeping tariffs stoked…
EGP falls against USD at Thursday’s close
The Egyptian pound (EGP) dropped against the US dollar (USD) on Thursday, April 3, 2025, according to data from the…
OPEC+ accelerates oil output hike, driving prices lower
OPEC+ unexpectedly announced a larger-than-planned oil production increase of 411,000 barrels per day in May,…