The GCC’s open-door economic policy is at a crossroads as geo-fragmentation rises and the US-China rivalry heats up. A long-held policy of the six-member Gulf Cooperation Council (GCC) is to forge commercial ties with countries around the world, regardless of their political inclinations. Amid geoeconomic headwinds, that policy now hangs in the balance. Western attempts … Read more
Crypto prices extended losses Sunday evening, trading lower alongside U.S. stock futures as investors reacted to escalating trade tensions and renewed inflation concerns ahead of a busy week for financial markets. Bitcoin has slipped to $82,100 while Ethereum has dipped to about $1,790. XRP, meanwhile, has fallen to $2.13, according to CoinGecko data. The drop … Read more
President Donald Trump and Canadian Prime Minister Mark Carney engaged in a productive dialogue on Friday. The conversation marked the first interaction between the two leaders since Carney assumed leadership of Canada’s ruling Liberals on March 9. What Happened: Trump expressed optimism about future collaborations, stating on Truth Social that they would meet after Canada’s upcoming election to discuss … Read more
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has described his first phone call with Mark Carney as “extremely productive” amid escalating trade war tensions between the US and Canada. The US president posted on Truth Social that their … Read more
The past week has been a whirlwind of news, with the Trump administration making headlines on multiple fronts. From a shake-up in the education sector to controversial deportation practices, the administration’s actions have sparked widespread discussion. Let’s dive into the top stories of the week. Trump Dismantles Department of Education President Donald Trump has signed … Read more
As the week drew to a close, the business world was buzzing with a series of impactful stories. From Elon Musk’s concerns over tariffs to escalating trade tensions and the looming threat of a government shutdown, there was no shortage of headlines to keep investors on their toes. Tesla, SpaceX Raise Tariff Concerns Both Tesla Inc. TSLA … Read more
Canadian retailers continue to take a stand against U.S. products, starting with non-essential items such as alcohol. This move, driven by recent tariff disputes, is affecting various segments of the agricultural supply chain. What Happened: Alisa Gorokhova, a resident from Quebec, observed a rapid shift in consumer behavior following tariff announcements, according to a report by … Read more
The S&P 500 officially entered correction territory this week, sliding over 10 percent from its most recent peak. As of yesterday, the index dropped a further 1.4 percent—its steepest single-day decline since President Donald Trump first took office. Meanwhile, the Nasdaq Composite tumbled 2 percent, sending a clear signal that volatility has returned with force. … Read more
Tesla Inc.’s TSLA electric vehicle charging stations and home batteries have been excluded from rebates in the Canadian province of British Columbia. This move comes in the wake of tariffs imposed by the U.S. on Canada. What Happened: BC Hydro, a Crown-owned utility, offers rebates of up to CAD 5,000 ($3464) on eligible battery storage systems and up … Read more
On Thursday, global markets convulsed after President Donald Trump unveiled fresh tariffs on EU alcohol imports, igniting a cascade of unease. Gold Glitters as Bitcoin Stumbles The S&P 500 slid 1.5%, and the Nasdaq Composite retreated 2.2%, mirroring elevated investor trepidation about looming economic fallout. Bitcoin, too, buckled under the pressure. The digital asset plunged … Read more