US trade chief blames Canada as tariff dispute escalates
US Trade Representative Jamieson Greer blamed Canada for the collapse of trade talks, calling the tariffs' impact minimal.
Economy
Treasury chief's market moves raise credibility questions
Scott Bessent's Treasury tenure faces credibility tests as market interventions and rising yields challenge his stated goals.
US Reopens Border to Mexican Cattle, But Economists See No Quick Fix for Beef Prices
The US reopens an Arizona border crossing to Mexican cattle, but economists doubt it will quickly lower record-high beef prices.
Ghana's GoldBod Buyers Face Payment Delays as Funding Model Shifts
Ghana's GoldBod licensed buyers face payment delays of up to three weeks after central bank funding ended, disrupting artisanal gold purchases.
Putin, Jaishankar Hold Kremlin Talks as India-Russia Trade Rebounds
Putin and Jaishankar met in Moscow, highlighting growing trade, fertilizer supplies, and upcoming SCO and BRICS summits.
US leaders, businesses hit out at tariffs as Canada suspends trade talks
US political and business leaders criticise Trump's tariffs on Canada after Ottawa halts trade talks and plans retaliation.
UK Household Energy Debt Reaches £6 Billion, Industry Warns
British households owe £6 billion in unpaid energy debt, adding 3% to typical bills, with figures expected to worsen.
China Opens Applications for $119 Billion Infrastructure Fund, But Impact May Be Delayed
China has begun accepting applications for its 800 billion yuan policy financing tool, but analysts warn the rollout lag may limit its impact on 2026 growth.
Moody's Upgrades Pakistan's Sovereign Rating to B3 on Stabilisation
Moody's raises Pakistan's sovereign rating to B3 from Caa1, citing durable debt affordability and macroeconomic stability.
Moody's Upgrades Pakistan's Sovereign Rating to B3, Cites Improved Governance
Moody's raises Pakistan's sovereign rating to B3 from Caa1, citing better governance and reduced external risks.
Euro zone bond yields ease on oil dip, stay near multi-year highs
Euro zone bond yields slipped as oil prices fell, but remain near multi-year highs ahead of expected U.S. sanctions on Iran.
Warsh's Jackson Hole debut shadowed by bond market turmoil
Fed Chair Kevin Warsh's first Jackson Hole speech comes amid bond market stress, Treasury intervention, and questions about his policy stance.
France braces for tough budget talks as bond yields hit 2008 high
French government signals rigorous budget negotiations as borrowing costs climb, ruling out tax increases while targeting deficit reduction.
China Urges Restraint as Gulf Tensions Reach Critical Point
China's top diplomat urges de-escalation in the Gulf, warning against repeating old conflict patterns.
Central Bankers Meet at Jackson Hole Amid War, Bond Market Turmoil
Top central bankers meet at Jackson Hole amid the Iran war's sixth month, bond market stress, and fresh inflation data.
US Debt Interest Burden Threatens Social Programs, Finance Expert Warns
US interest payments on $40T debt now consume 20% of the federal budget, risking cuts to social programs, says finance expert.
Kremlin Moves to Shield Grain Exports From Ukrainian Strikes
The Kremlin announced measures to minimize the impact of Ukrainian strikes on Russia's grain export infrastructure.
Pakistan Army Chief in Tehran as US Unveils 'Economic D-Day' Against Iran
Pakistan's army chief visits Tehran to mediate as the US prepares sweeping sanctions on Iran's trade partners, prompting threats to Gulf oil exports.
China's Iranian Oil Imports Slump as US Sanctions Bite
Chinese imports of Iranian crude have fallen sharply since US sanctions were renewed, though Beijing remains the top buyer.
Uniper fills 70% of contracted gas storage despite market headwinds
Uniper has filled 70% of its contracted gas storage despite challenging market conditions, CEO Michael Lewis confirmed Monday.