Global News for You – Top News – Current News
United States stocks are at their lowest level since President Donald Trump was sworn in two weeks ago, and other global financial markets slumped after he ordered tariffs on Canada, Mexico and China while world leaders responded to his threats to expand tariffs to the European Union as well. The benchmark S&P 500 on Monday…
US Fed is in a holding pattern as it awaits more inflation and jobs data and clarity on President Donald Trump’s tariffs. The United States Federal Reserve is holding interest rates steady and gave little insight into when further reductions in borrowing costs may take place in an economy where inflation remains above target, growth…
Bank of Canada governor warned that a tariff war with the US would ‘badly hurt’ economic activity in Canada. The Bank of Canada (BOC) has trimmed its key policy rate by 25 basis points to 3 percent, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major…
The move comes after US President Trump ended DEI hiring in government jobs and encouraged the private sector to do the same. Target is ending its diversity, equity and inclusion programme along with other equity initiatives, the retailer has said, becoming the latest US firm to pull back these policies, meant to boost racial and…
Elon Musk is clashing with OpenAI CEO Sam Altman over the Stargate artificial intelligence (AI) infrastructure project touted by President Donald Trump, the latest in a feud between the two tech billionaires that started on OpenAI’s board and is now testing Musk’s influence with the new president. Trump on Tuesday had talked up a joint…
The return of United States President Donald Trump to the White House has delivered a jolt to the stewards of Canada’s $2.1 trillion economy. Already buffeted by domestic pressures such as stagnating growth and a housing crisis, Ottawa is now facing the threat of tariffs from the US, its biggest trading partner. Trump’s promise to…
Donald Trump has held off on tariffs during his first day as the president of the United States and is placing a big bet that his executive actions can cut energy prices and tame inflation. But it’s unclear whether his orders will be enough to move the US economy as he promises. As a candidate,…
Minutes of the December meeting show a division on decision to cut rates and the 0.25 percent cut was a ‘close call’. United States Federal Reserve officials at their meeting December 17-18 expected to dial back the pace of interest rate cuts this year in the face of persistently elevated inflation and the threat of widespread…
Consumer watchdog said new rule would lead to rising credit scores and an additional 22,000 low-cost mortgages annually. Two groups representing the credit reporting and credit union industries have filed a lawsuit challenging a new rule adopted by US President Joe Biden’s outgoing administration banning the inclusion of medical debt in American consumers’ credit reports….
Nippon Steel and US Steel have filed a federal lawsuit in the United States challenging the Biden administration’s decision to block Nippon’s proposed $15bn acquisition of the Pittsburgh company. The companies say the head of the United Steelworkers union and a rival steelmaker worked together to scuttle the buyout. The lawsuit, filed on Monday, alleges…
