Economy
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Markets Rise on Growing Rate Cut Hopes
Markets rose Wednesday on growing hopes of US interest rate cuts after soft inflation data, with Japan’s Nikkei hitting a…
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US, China extend tariff truce by 90 days, staving off surge in duties
The United States and China on Monday extended a tariff truce for another 90 days, staving off triple-digit duties on…
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Nvidia, AMD to Give 15% of China Sales to US for Export Licenses
WHASHINGTON – US chipmakers Nvidia and AMD have reportedly agreed to pay 15% of their sales revenues from China to…
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Bank of England Cuts Interest Rate to 4% Amid Ongoing Disinflation Push
LONDON – The Bank of England on Thursday lowered its benchmark interest rate by 25 basis points, bringing it down…
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Japan Urges Trump to Amend Tariffs Amid Fears for Auto Industry
TOKYO – Japan’s Prime Minister Shigeru Ishiba on Thursday called on US President Donald Trump to revise his executive order…
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Algeria, Pakistan’s Fatima Group Sign Memorandum to Boost Phosphate Fertilizer Production
ALGIERS – A memorandum of understanding (MoU) was signed on Wednesday in Algiers between Algeria’s industrial mining group Sonarem, represented…
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Natural Disasters Caused $135 Bn in Economic Losses in First Half of 2025: Swiss Re
Natural disasters caused $135 billion in economic losses globally in the first half of 2025, fuelled by the Los Angeles…
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Lula Vows to Fight US Tariffs Through WTO, Says He’ll Still Invite Trump to COP30
Brasília – Brazilian President Luiz Inacio Lula da Silva declared Tuesday that his country will use all available means, including…
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Algeria Leads Africa with the Highest GDP in Early 2025
Algeria recorded the highest year-on-year GDP growth among the top 10 richest African countries in early 2025, expanding by over…
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EU Says U.S. 15% Tariff on European Goods Is All-Inclusive
The 15% tariff that European Union goods face when entering the United States is all-inclusive, unlike the deals some other…
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