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Oil on Monday shrugged off the impact of OPEC+ hiking output more than expected for August as well as concern about the potential impact of U.S. tariffs, with prices mostly reversing early losses as a tight physical market lent support.
U.S. President Donald Trump on Monday set a 25 per cent tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar, all of which would go into effect on Aug. 1.
Less than a month after extending a deadline to ban TikTok for the third time, President Donald Trump told reporters late Friday night that, “We pretty much have a deal,” on TikTok — but he did not offer details.
Submerged in about 40 metres of water off Scotland’s coast, a turbine has been spinning for more than six years to harness the power of ocean tides for electricity.
Trump Media & Technology Group DJT.Olaunched its TV streaming platform, Truth+, globally on Monday, featuring the cable channel Newsmax to support the company’s expansion.
The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug. 1.
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.
A strike by French air traffic controllers seeking better working conditions brought chaos at the height of Europe’s summer travel season on Friday.
The United States ambassador to Canada says a new trade deal between the two countries will be “good for Canada,” but won’t commit to a July 21 deadline to finalize an agreement.
Amid geopolitical uncertainty and fiscal concerns, a fixed income expert says bond yields in the U.S. and Canada have rallied as U.S. President Donald Trump continues to call for lower interest rates after his “Big, beautiful bill” was passed by the U.S. Congress.
U.S. President Donald Trump is expected to sign his package of tax breaks and spending cuts into law Friday after his cajoling produced almost unanimous Republican support in Congress for the domestic priority that could cement his second-term legacy.
China on Friday imposed anti-dumping duties on European brandy, most notably cognac produced in France, as trade tensions between Beijing and United States allies continue to rise.
The Chinese commerce ministry said on Friday that Beijing and Washington had stepped up efforts to implement what they had agreed during recent trade talks but cautioned the U.S. against destabilizing their “hard-won” consensus.
The deadline U.S. President Donald Trump set for major trading partners to strike deals with Washington or face hefty tariffs expires next week, bringing to a close 90 days of volatility but leaving global investors in the dark over what will happen next.
President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.
Iran’s Imam Khomeini International Airport has welcomed its first foreign flight since the resumption of international air travel after a 20-day suspension, local media reported Friday.
