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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.
Saudi oil giant Aramco is looking to sell up to five gas-fired power plants, three sources with knowledge of the matter told Reuters, part of a broader effort to free up funds that could generate tens of billions of dollars.
Tesla’s new car sales in Britain rose year-on-year in June amid a broader recovery in the electric-vehicle market, data showed on Friday, as the U.S. auto maker started deliveries of its updated Model Y last month.
Sales of foreign-branded mobile phones in China, including those of Apple Inc, fell 9.7 per cent year-on-year in May, according to data released by a government-affiliated research company on Friday.
The Chinese government is signalling enough is enough when it comes to the fierce competition in the country’s electric car market.
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations’ Food and Agriculture Organization said on Friday.
House Republicans propelled U.S. President Donald Trump’s big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline.
