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Economy


Trump Softens Stance on Fed Chair Powell amid Market Rally

President Donald Trump has stepped back from his previous threats to remove Jerome Powell as Chair of the Federal Reserve. His earlier criticism of Powell, particularly regarding interest rate decisions, had caused significant turbulence in financial markets. However, Trump clarified to reporters at......

Gold soars past 3500 dollars amid trade turmoil and Fed tensions

For the first time in history, the price of gold surged above $3,500 per ounce on Tuesday, driven by escalating trade tensions and growing friction between former President Donald Trump and the Federal Reserve's chair, which also led to a sharp decline on Wall Street. At 7:30 GMT, the precious metal......

China issues warning against trade deals with the U.S. at its expense

On April 21, China accused the U.S. of misusing tariffs and cautioned countries against entering trade deals with the United States that would harm China's interests. This statement escalates tensions in the ongoing trade war between the two largest global economies. China's Ministry of Commerce......

China Calls for Trade Peace but Stands Ready to Respond

China’s ambassador to the United States, Xie Feng, has called on Washington to seek cooperation and mutual understanding amid growing trade tensions, while making it clear that Beijing will defend its interests if provoked. During a public appearance in Washington, as shared on the Chinese embassy’s......

Ukraine and US take first step toward strategic minerals deal

KYIV/WASHINGTON,  Ukraine announced that it had signed a memorandum of intent with the United States as an initial move toward establishing a broader agreement on the development of mineral resources within Ukrainian territory. The initiative has been strongly advocated by former U.S. President......

Trump claims progress in Japan trade talks amid market volatility

President Donald Trump has declared "significant progress" in trade negotiations with Japan, stepping in unexpectedly during a session between U.S. and Japanese officials in Washington, DC. Despite ongoing uncertainty fueled by his administration’s aggressive tariff policies, Trump emphasized......

Spain's strategic diplomacy amid US tariff tensions

In the wake of the US imposing tariffs on the European Union, Spain's Minister of Economy, Commerce, and Business, Carlos Cuerpo, is heading to Washington for crucial meetings. Cuerpo will discuss the potential impacts of the 20% tariff threat with US Treasury Secretary Scott Bessent and other key......

China, Vietnam sign deals as Xi visits Hanoi amid US tariff tensions

In his visit to Hanoi on April 14, Chinese President Xi Jinping emphasized the importance of deepening trade and supply chain cooperation between China and Vietnam in response to challenges posed by U.S. tariffs. Xi's visit, part of a broader Southeast Asia tour, follows the imposition of significant......

Trump Plans New Tariffs on Semiconductors amid Trade Policy Shift

In a significant shift in trade policy, U.S. President Donald Trump announced on Sunday that new tariff rates on imported semiconductor chips will be revealed in the coming week. While some flexibility may be granted to certain companies, the announcement signals that previous exemptions for smartphones......

Trump Spares Smartphones, Computers, Other Electronics from China Tariffs

The U.S. administration under President Donald Trump has granted tariff exemptions on a range of electronics imported mainly from China, including smartphones, computers, and other devices. This move is seen as a significant relief for major tech companies like Apple, which rely heavily on imported products. In......

Vietnam's response to U.S. tariffs: cracking down on China trade

Vietnam is taking significant steps to address U.S. concerns over Chinese goods transshipped through its territory, in a bid to avoid harsh tariffs. In response to U.S. scrutiny, including from trade advisor Peter Navarro, the Southeast Asian nation is tightening controls on both Chinese goods shipped......

Trump delays tariff hikes on most countries, but increases pressure on China

US President Donald Trump temporarily suspended tariff hikes for most countries on Wednesday, acknowledging that such moves had stirred market anxiety. However, he continued his aggressive stance against China by raising tariffs on Chinese goods to 125%, citing a "lack of respect." Despite......

Oil prices plummet to four-year low amid escalating US-China trade tensions

Oil prices have fallen to their lowest levels in four years as escalating trade tensions between the United States and China create alarming fears over the global economy. The latest developments were triggered by Washington's implementation of extensive new tariffs, which have reverberated across......