AI Investment Boom Deepens US Fiscal Hole, Treasury Faces Yield Pressure
The AI boom is straining US finances through lower corporate tax revenue and higher borrowing needs, challenging Treasury Secretary Bessent's deficit plans.
Economy
Global Shifts: Labor Deals, Tariff Threats, and Immigration Rules
A roundup of global developments: labor deals in aviation and autos, new US tariffs on Canada, and stricter asylum visa rules.
Six Months Into Iran Conflict, Over 43% of Global Oil Output at Risk
Conflicts affecting major producers have cut into global oil supply and refining capacity, driving up fuel prices and inflation.
Middle East Markets Brace for Iran Sanctions Fallout, Hormuz Risks
Gulf stocks inch higher on Saudi strength, but US-Iran tensions, Hormuz shipping risks, and a record-low rial weigh on sentiment.
Canada Trade Spat Puts Republican Senate Hopefuls in a Bind
New US tariffs on Canadian imports are roiling border-state economies and complicating Republican Senate campaigns ahead of the midterms.
US sanctions Singapore oil trader Wellbred over Iran shipping ties
The US Treasury sanctioned Singapore-based Wellbred Capital and its UAE and Swiss trading firms over ties to an Iranian oil shipping magnate.
Mexico Resumes Live Cattle Exports to US After Two-Year Screwworm Ban
Mexico restarted live cattle exports to the US after a nearly two-year halt caused by a screwworm outbreak, with new inspection and tracing measures in place.
Japan Plans $630M Support for Undersea Cable Ships Amid Rising Risks
Japan's internal affairs ministry will request $630M in fiscal 2027 to help acquire 3-5 undersea cable ships, addressing growing risks.
RBA board split on August rate hike, minutes show
RBA minutes reveal a divided board in August, with several members favouring a hike on inflation risks before unanimously holding rates.
Bessent's Iran Sanctions: A Threat That May Not Bite
US Treasury sanctions on Iran aim to strangle its economy, but effectiveness is uncertain and Iran's response remains the key variable for markets.
Iran Vows Retaliation as US Expands Sanctions, Warns Trading Partners
Iran promises to respond to new US sanctions, which target its economy but stop short of the harshest measures.
Canada Signals Openness to Talks If US Shows 'Right Attitude'
Canada's PM says talks with the US are possible if Washington adopts a cooperative stance, after Trump threatened 50% tariffs on cars and steel.
Mexico resumes limited cattle exports to US after two-year screwworm ban
Mexico restarted live cattle exports to the US under tight limits, easing pressure on ranchers hit by a screwworm outbreak.
US widens Iran sanctions, warns trading partners to cut ties
The US announced new sanctions on Iran, targeting 60 entities and warning global partners to sever business ties or face exclusion from the dollar system.
US Treasury Chief Warns Nations: Cut Iran Ties or Face Sanctions
US Treasury Secretary Bessent announced new sanctions on Iran, warning countries to sever financial ties or face retaliation.
Bordeaux's Earliest Harvest on Record as Heat and Drought Cut Wine Output
Extreme heat and drought in Bordeaux have triggered the earliest harvest on record, with yields down about 20% and production at a 40-year low.
Iran's parliament speaker rejects US 'economic D-Day' sanctions warning
Iran's parliament speaker dismissed US 'economic D-Day' sanctions threats as 'nonsense', asserting Washington lacks leverage to isolate Tehran.
US-Canada Trade War: A Timeline of Escalation and Collapse
A detailed timeline of the escalating US-Canada trade war, from initial tariffs to the collapse of talks in August 2026.
Brazil's Lula camp weighs social security levy on firms using contractors
Brazil's government, eyeing Lula's re-election, is studying measures to make firms with many contractors pay social security contributions.
Michigan furniture maker says Canada tariffs threaten family income
A Michigan furniture business owner says 50% tariffs on Canadian imports are cutting into profits and family income, as cross-border tensions rise.