Brazilian beef-packers warn that proposed US tariffs could trigger losses soaring as high as $1 billion, threatening exports and jeopardizing vital trade relationships. The industry calls for swift diplomatic intervention to avert major damage
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President Trump’s latest order removes tariffs on aircraft, orange juice, and energy products imported from Brazil. This bold step aims to ease trade tensions while maintaining pressure on other sectors, Reuters reports
Air France-KLM has pulled back from its attempt to acquire a stake in Spain’s Air Europa, Reuters reports. This setback challenges the airline’s bold expansion plans amid an already fierce aviation market
Australia has announced a bold $10 billion reduction in student loan debt, providing a crucial financial lifeline to recent graduates grappling with the soaring cost of living. This move represents a major milestone in the government’s broader economic relief plan, Reuters reports
Italy’s new car sales slipped by 5.11% in July compared to last year, Reuters reports. This decline underscores the ongoing challenges in the automotive market as economic uncertainties and shifting consumer preferences continue to transform the industry
Exclusive: China Galaxy and CICC are set to unveil investment funds exceeding $1 billion, targeting the vibrant markets of Southeast Asia. This ambitious initiative seeks to deepen regional economic ties and capitalize on exciting growth prospects in emerging economies, Reuters reports
AB InBev shares plunged after the company disclosed declining sales in key markets such as China and Brazil, igniting concerns over its global growth prospects. Investors quickly reacted to these warning signs of softening demand and escalating economic challenges
Russia’s reported capture of the Ukrainian town Chasiv Yar represents a significant strategic victory in the Donetsk region, highlighting Moscow’s determined effort to strengthen its hold over eastern Ukraine amid intense and ongoing battles
At least 60 people, including vulnerable care home residents, have tragically lost their lives in the devastating floods sweeping through northern China, Reuters reports. Rescue teams are racing against the clock as authorities tirelessly assess the widespread destruction caused by relentless heavy rains
Italy’s July EU-harmonised CPI slowed to 1.7% year-on-year, according to Reuters. Meanwhile, ‘core’ inflation remained steady, signaling persistent underlying price pressures despite the easing headline growth
Former President Donald Trump announced that the US and India are deep in negotiations, despite the looming threat of a 25% US tariff. These pivotal talks aim to resolve trade disputes and boost the economic partnership between the two countries
The U.S. has dramatically increased tariffs on Canadian goods from 25% to 35%, highlighting urgent concerns over fentanyl trafficking, Reuters reports. This bold step marks a significant escalation in trade tensions between the two neighboring countries
Spain’s Cox is targeting Iberdrola’s Mexican assets and other strategic opportunities to supercharge growth, the CEO reveals. The energy powerhouse is on a mission to expand its footprint across Latin America, leveraging key acquisitions to strengthen its market leadership
Brazil is in advanced talks with private equity giants TPG and Brookfield to secure over $4 billion in climate finance, aiming to boost sustainable projects and green investments, Reuters reports
Trump’s tariffs on imported goods have given Canadian and Mexican chocolate makers a delicious advantage over their US competitors, Reuters reports, as soaring costs leave American producers struggling to keep up in the global market
Exclusive: In a surprising show of unity, US Democrats and Republicans are teaming up to draft bipartisan bills designed to intensify pressure on China. This move is energized by Trump’s renewed push for tougher trade measures, Reuters reports. It marks a rare moment of consensus in Washington’s often divided approach to China policy
UK public sector productivity is beginning to rebound, but it has yet to climb back to pre-pandemic levels, Reuters reports. This slow but steady recovery highlights the ongoing struggle within the sector, as it navigates rising demand amid strict budget constraints
The IMF has raised India’s growth forecast for 2024 to an impressive 6.4%, spotlighting strong domestic demand and a resilient economy, Reuters reports. This upbeat revision points to a more promising future despite persistent global challenges
Exclusive: Nvidia is making waves with a colossal order of 300,000 H20 AI chips from TSMC, driven by skyrocketing demand in China, sources told Reuters. This bold move underscores Nvidia’s determined effort to solidify its presence in the fast-growing Chinese market
Japan is finally shedding its long-standing resistance to price hikes as inflation rises, signaling a powerful shift in both consumer and corporate mindsets. This change marks an exciting new era for Japan’s economy, long defined by the grip of deflation