Bessent reveals that the US and China have reached a groundbreaking framework deal on rare earths, easing tensions ignited by Trump’s tariff threats. In an exclusive NBC interview, he calls this a hopeful breakthrough in trade relations, Reuters reports
MI5 Chief expresses profound frustration as a high-profile UK-China espionage case unravels, exposing the intricate challenges of collecting evidence amid sensitive diplomatic strains, Reuters reports. This blow casts a dark shadow over national security efforts and sparks urgent concerns
Gasoline shortages in Russia, which recently drove prices up, are expected to ease soon, the energy minister told Reuters, citing stronger supply chains and increased refinery production
Indian pharma stocks plunged sharply following President Trump’s announcement of new drug tariffs. However, analysts urge investors not to panic, highlighting that this sell-off is largely sentiment-driven and the sector’s strong fundamentals remain intact despite the market turbulence
German investor morale soared unexpectedly in September, according to the ZEW Economic Sentiment Index released on Thursday. This remarkable upswing signals a fresh wave of optimism, shining through despite persistent economic uncertainties
UK shoppers turned up the heat on their spending in August, energized by a burst of warm weather that ignited a fresh wave of consumer excitement, according to a British Retail Consortium (BRC) survey. This boost highlights the powerful influence weather has on retail demand, Reuters reports
China Evergrande’s liquidators have filed to appoint receivers tasked with identifying assets owned by the company’s founder, as part of ongoing efforts to recover funds amid the property giant’s financial collapse, Reuters reports.
Steep US tariffs on Indian goods are set to take effect this Wednesday, zeroing in on key exports and ramping up trade tensions. Sources speaking to Reuters reveal that industries like steel, aluminum, and textiles are bracing for a significant impact
Volatility surged on China’s oil futures following the US sanctions on Yangshan Port, Reuters reports. Traders sprang into action as market uncertainty escalated amid mounting geopolitical tensions
Fleeing the turmoil of political and economic crisis under Maduro and facing hostility during the Trump era, thousands of Venezuelans are now turning to Spain-drawn by strong cultural ties and the hope of a fresh start
Max Healthcare and IndiGo’s parent company are gearing up to join India’s elite Nifty 50 index, the NSE announced after its latest reshuffle. This thrilling development underscores their growing impact and robust market standing as the index undergoes its regular review
The US-Japan trade deal secures the lowest tariff rates ever on semiconductor chips and pharmaceuticals, a Japanese official revealed, setting the stage to turbocharge supply chains and strengthen economic ties, Reuters reports
UK’s Lammy and US Vice President Vance are joining forces to confront the mounting crisis in Gaza, focusing on urgent humanitarian needs and exploring viable routes to peace, Reuters reports. Their talks aim to rally the world for a united and effective response
A massive wildfire in France, which tore through 16,000 hectares, has finally been brought under control, local authorities confirmed. Courageous firefighters battled relentlessly for days to conquer the fierce blaze. Thankfully, no casualties have been reported, and investigations are now underway
Missed signals and rising tensions have suddenly derailed India-US trade talks, dashing hopes of tariff relief and expanded market access. With negotiations now at a standstill indefinitely, both countries face an uncertain future, Reuters reports
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’s Labour MP David Lammy delivers a powerful warning: Britain may intensify pressure on Israel if the Gaza crisis worsens, urging bold and decisive action as the conflict escalates, Reuters reports
Italian authorities have captured a Chinese state-sponsored contract hacker, acting on a request from the US, the Department of Justice confirmed. Reuters reports that the suspect is charged with cyber espionage targeting multiple critical sectors
The UK’s economy is bracing for far tougher challenges from a 3°C rise in global temperatures than once expected, the Office for Budget Responsibility has revealed, highlighting serious risks to growth and public finances
Shares of Indian brokers and the Bombay Stock Exchange (BSE) tumbled sharply after the securities regulator dealt a major blow by banning global trading powerhouse Jane Street from operating in India, citing serious regulatory concerns, Reuters reports
