Oil Supplies Dwindle as Strait of Hormuz Remains Closed
The Strait of Hormuz has been mostly closed to commercial traffic since US-Iran talks stalled. This vital waterway is a crucial oil shipping route. Iran's actio
Economy
US Targets 60 Nations with Tariffs Over Forced Labor
The US Trade Representative has launched an investigation into 60 countries, including China and Canada, over alleged forced labor enforcement failures. Public
US Imposes Tariffs Over Forced Labour Practices
The US has proposed tariffs on imports from 60 economies for failing to prohibit goods made with forced labour. The tariffs, under Section 301, range up to 12.5
Canada Seeks Renewal of North American Free Trade Agreement
Canada has officially requested the renewal of the North American Free Trade Agreement (NAFTA). The request was made by Trade Minister Dominic LeBlanc in a lett
Myanmar President Visits India to Strengthen Ties
Myanmar President Min Aung Hlaing has arrived in India on a five-day visit, where he will meet Prime Minister Narendra Modi. The visit is part of an effort to b
Detroit's Powerful DD15 Engine Unveiled
Detroit Diesel's DD15 engine powers thousands of Class 8 trucks with its massive torque and stellar economy. The 14-liter six-cylinder engine produces 1,850 lb-
New Era for Africa as US-China Tensions Ease
The recent summit between US President Trump and Chinese President Xi Jinping has brought a welcome reprieve from escalating trade tensions. The détente, achiev
Mexico and EU Seal Long-Stalled Trade Deal
Mexico and the European Union signed a long-delayed free trade agreement on Friday, as both parties seek to diversify their economies away from the US. The deal
U.S. Seeks Energy Deal with India Amid Iran Supply Fears
U.S. Secretary of State Marco Rubio arrived in India this week to discuss energy cooperation, offering American oil and gas to help stabilize India’s energy sup
Argentina's Foreign Reserves Surge Threatens to Reignite Inflation
Argentina's central bank is grappling with a surge in foreign reserves, largely due to a recent surge in agricultural exports and investment inflows. The countr
India Revises Economic Growth Measurement
India has updated its method for calculating economic growth after a decade, sparking interest in the implications of this change. The new methodology was intro
Australia's Jobless Rate Hits 4.5% as Economy Slows
Australia's unemployment rate rose to 4.5% in April, the highest in nearly four and a half years. This unexpected increase has raised concerns about the country