Cargo Ship Attacked Near Yemen’s Port of Hodeidah, UK Maritime Agency Reports
A cargo vessel was struck by unknown armed assailants off Yemen’s Red Sea coast, the United Kingdom Maritime Trade Operations (UKMTO) said. The ship sent a dist
Economy
US Trade Deal with Mexico, Canada in Jeopardy
The US has decided not to renew the USMCA trade pact with Mexico and Canada, sparking lengthy negotiations. The decision was made by the Trump administration on
Trump's Presidential Power Grows Despite Setbacks
The US Supreme Court has backed Donald Trump's broad interpretation of presidential power, despite significant losses on key issues. The court's decisions on ta
Digital Euro: Trump-Proofing the EU's Economy
The European Central Bank is set to launch a digital euro, aiming to reduce the EU's reliance on US-dominated payment systems. This move is part of a broader ef
US-India Trade Deal on the Horizon
India and the US are nearing a landmark trade agreement, with both countries signaling the first phase is close to completion. Negotiations have been ongoing fo
European Bank Chief Defends Rate Hike
The European Central Bank raised interest rates recently, a move defended by its head as necessary to combat inflation. This decision was made in June 2026. The
China and EU Commerce Ministers Meet Amid Trade Tensions
The European Union's trade commissioner, Maros Sefcovic, is meeting his Chinese counterpart in Brussels as trade imbalance between the two economies widens. The
Global Economy Faces Rising Risks from Debt and AI Boom
The Bank for International Settlements, the umbrella group for central banks, has warned of growing pressures on the global economy. Debt strains, inflation, an
Key Trump Decisions Pending as Supreme Court Term Nears End
The US Supreme Court is set to conclude its term, with significant rulings on President Donald Trump's actions still pending. The justices are deliberating on T
AI Bust Risks Ripple Effects on Global Economy
The Bank for International Settlements warns that a crisis in artificial intelligence could have far-reaching consequences, affecting growth and credit. A poten
China's Industrial Profits Remain Strong
China's economy is showing signs of resilience, driven by a surge in industrial profits. In May, profits rose 21.1% following a 24.7% increase in April. The Jan
India's Pharmaceutical Might: A China Conundrum
The US has exempted Indian generic medicines from new tariffs, but a deeper vulnerability lies in India's reliance on China. India is a major player in the glob