U.S. Halts Bitcoin Sales as Treasury Reserves Surge to $20B
U.S. Treasury Secretary announces halt to Bitcoin sales, revealing $15B-$20B in reserves, signaling potential long-term crypto strategy.
GlobalEconomy
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China Boosts Tech Innovation with Financial Reforms
China’s multi-tiered financial framework drives tech innovation and industrial growth, offering global insights for sustainable development strategies.
Extended China-U.S. Trade Truce: A Global Business Lifeline?
The 90-day extension of the China-U.S. trade truce offers stability and strategic opportunities for global businesses amid economic uncertainties.
UK Unemployment Hits 4-Year High as U.S. Tariffs Bite
UK unemployment reaches 4.7%, the highest in four years, as U.S. tariffs and wage pressures strain the labor market, experts say.
US Tariff Chaos Hurts Economy, Experts Warn
Economist Justin Wolfers warns Trump-era tariffs raise costs without reviving US manufacturing jobs, highlighting risks for global supply chains.
China and U.S. Extend Tariff Truce, Prioritize Economic Cooperation
China and the U.S. agree to extend tariff pauses, emphasizing cooperation to stabilize global markets and foster economic growth through continued dialogue.
China, U.S. Agree to Extend Tariff Reductions in Stockholm Talks
China and the U.S. extend tariff suspensions for 90 days, easing trade tensions following Stockholm economic talks. Key agreements focus on mutual tariff adjustments and non-tariff measures.
US Tariffs Squeeze Automakers, Price Hikes Loom
US automakers face billions in tariff-related losses, with price hikes expected as costs surge. Analysis of impacts on GM, Ford, and Stellantis.
India Defiant as U.S. Slaps 50% Tariffs on Exports
India vows to challenge U.S. tariffs, prioritizing farmers’ interests amid escalating trade tensions. Modi’s government rejects demands on GM crops and dairy imports.
China Slams U.S. Over Politicized Tech and Trade Tactics
China criticizes U.S. for politicizing tech trade through AI chip export restrictions, warning of global economic fragmentation risks.
Trump Announces 100% Tariff on Select Semiconductor Imports
Former U.S. President Trump proposes 100% tariffs on semiconductor imports from non-U.S. manufacturers, impacting global tech supply chains and trade dynamics.
U.S. Tariffs on Brazilian Coffee Stir Global Market Concerns
New U.S. tariffs on Brazilian goods, including coffee, may impact global markets and consumer prices, with Brazil’s vice president noting over a third of exports affected.
Ontario Farmers Face Tariff Challenges Despite Trade Pact
Ontario’s vegetable growers face rising costs due to tariffs despite USMCA exemptions, highlighting challenges in global trade dynamics.
India Slams US Tariffs as ‘Unfair,’ Vows to Protect Interests
India condemns new US tariffs on imports, calling them ‘unfair’ and vows to safeguard national interests amid escalating trade tensions.
Saudi Aramco Doubles Down on China as Strategic Market Hub
Saudi Aramco’s CEO highlights China’s strategic importance, plans expanded investments in refining and petrochemical projects amid growing energy ties.
EU Suspends $108B Tariffs on US Goods Amid Internal Disputes
EU halts $108B tariffs on US imports despite dissent from France and Germany, as critics question the bloc’s negotiating strategy.
India-US Trade Tensions Escalate as New Delhi Stands Firm
Escalating trade tensions between India and the US highlight New Delhi’s resilience against Trump-era pressure tactics, reshaping Asia’s economic landscape.
Schumer Slams US Tariffs as ‘Trade War on American People’
US Senate Minority Leader Chuck Schumer criticizes tariffs, warning of higher costs for families and reduced business investment, impacting global economic stability.
US Tariffs Backfire: Corporate Losses Mount in Q2 Earnings
Major US corporations report significant Q2 losses due to tariff policies, with GM and Stellantis warning of billion-dollar impacts on profits.
EU-U.S. Trade Deal Sparks Concerns Over Economic Imbalance, Expert Warns
Spanish economist Sergi Basco warns the EU’s new tariff deal with the U.S. may disproportionately harm Germany and Spain, citing weak negotiation tactics and economic risks.