Youth unemployment in Canada is skyrocketing to record highs, driven by persistent economic hurdles. Experts warn that if this urgent issue isn’t addressed swiftly, it could threaten not just the career prospects of young people but the stability of the entire economy
On the eve of new U.S. tariffs, Brazilian beef exports soared to an all-time high in July, showcasing strong global demand despite looming trade restrictions, Reuters reports
Argentina’s YPF experienced a dramatic nearly 90% drop in Q2 profits, battered by plunging fuel prices. The state-run oil giant faces mounting challenges as global market turmoil and softening demand weigh heavily on its performance, Reuters reports
The IMF has granted Argentina a crucial reserve waiver and eased its reserve accumulation target, offering a vital boost to the country as it tackles persistent economic challenges, Buenos Aires Herald reports
Trump ramps up trade tensions with fresh tariffs on Canada and unveils unexpected trade moves. Stay tuned for live updates on the unfolding impact and worldwide reactions!
No tariff pause emerged from the latest US-China trade talks, as tensions continue to simmer. Meanwhile, President Trump is preparing to impose new tariffs of 20-25% on Indian imports, intensifying the ongoing trade conflicts
A surprise trade deal with Japan has sparked a wave of excitement across the globe, igniting hopes for wider and more powerful economic alliances. This unexpected agreement signals major changes on the horizon for regional trade dynamics
UK borrowing has surged dramatically as soaring inflation drives debt servicing costs to unprecedented levels, Reuters reports. With interest rates climbing steadily, the government is under increasing fiscal strain, raising serious concerns about the country’s long-term economic future
The yen soared after forecasts showed Japan’s ruling LDP coalition is set to lose its parliamentary majority. Market watchers view this shift as a strong signal that major policy changes could be on the way
UK inflation has soared to its highest level since January 2024, intensifying pressure on the Bank of England as it weighs potential rate cuts. Markets are navigating cautiously, with policymakers walking a delicate tightrope between curbing inflation and supporting economic growth
Canada’s annual inflation rate surged to 1.9% in June, surpassing expectations as soaring energy and food prices dominated the headlines, Reuters reports. This increase underscores ongoing economic challenges despite recent policy measures aimed at stabilizing the market
President Trump has announced a bold new 25% tariff on imports from Japan and South Korea, kicking in on August 1. This striking move aims to tackle trade imbalances amid rising tensions with some of America’s closest allies
China’s Chery and BYD could face repayment of subsidies after a government audit revealed funding irregularities. This probe highlights the increasing regulatory scrutiny as authorities ramp up oversight on automakers
Italy has revealed an ambitious plan to exit the EU deficit procedure by 2026-earlier than expected-showcasing impressive progress in slashing its budget deficit and strengthening fiscal stability, Reuters reports
Australia’s central bank caught markets off guard by holding interest rates steady at 3.85%, bucking widespread expectations of a hike. The Reserve Bank highlighted economic uncertainty and easing inflation as the main reasons for pressing pause this time around
President Trump has firmly announced he will not push back the August 1 deadline for tariffs, despite recent letters to Japan, South Korea, and other countries suggesting a potential easing of U.S. trade tensions. Stay tuned for the latest updates on Yahoo Finance!
Breaking: In a surprising twist that stunned markets, the Reserve Bank of Australia has chosen to keep interest rates unchanged in a split decision, going against widespread predictions of a cut amid persistent economic uncertainty
Former President Trump is turning up the heat on trade by threatening an additional 10% tariff on BRICS nations, labeling them as “anti-American,” Fox Business reports. This daring move escalates the already fierce trade battles amid ongoing geopolitical turmoil
Former President Trump announced that the U.S. and China have struck a groundbreaking trade deal, igniting a powerful rally in Chinese stock markets. This landmark agreement marks a major step forward in easing years of economic tensions between the two global powers
Japan’s corporate service inflation soared to 3.3% in May, driven by climbing costs in transportation and communications. This striking rise underscores ongoing price pressures that are reshaping the business landscape
