Economy & Trade
Follow global economies, trade deals, inflation, markets, jobs, business policy, currencies and financial developments.
Michael Burry Shortens AI Bubble Timeline, Increases Leverage Against Tech Giants
4 weeks ago
Michael Burry Shortens AI Bubble Timeline, Increases Leverage Against Tech Giants
In a recent Substack post, Burry stated he is "more confident than ever before" that his pessimistic outlook will materialize…
Spain’s inflation accelerates to 4.9% in September as fuel costs surge
4 weeks ago
Spain’s inflation accelerates to 4.9% in September as fuel costs surge
The headline figure of 4.9% reflects the cumulative impact of several key sectors. Higher fuel prices emerged as a dominant…
Romanian Central Bank Holds Rates Amid Rising Inflation Forecast; Tax Amnesty Set to Hit Tech Sector Revenues
4 weeks ago
Romanian Central Bank Holds Rates Amid Rising Inflation Forecast; Tax Amnesty Set to Hit Tech Sector Revenues
The decision to pause rate cuts comes against a backdrop of recent monetary easing. Isărescu noted that the key interest…
U.S. import ban on Canadian dairy, alcohol, and motorcycles takes effect
4 weeks ago
U.S. import ban on Canadian dairy, alcohol, and motorcycles takes effect
The total value of the affected Canadian goods is estimated at nearly $1 billion. By barring these specific categories, the…
Australia lifts benchmark interest rate to 15-year high of 4.6%
4 weeks ago
Australia lifts benchmark interest rate to 15-year high of 4.6%
The decision follows a period of stubborn inflation that has remained above the RBA’s target range. Officials pointed to persistent…
US Ban on Canadian Alcohol and Dairy Takes Effect Amid Stalled Trade Negotiations
4 weeks ago
US Ban on Canadian Alcohol and Dairy Takes Effect Amid Stalled Trade Negotiations
The ban was established through executive orders signed by President Donald Trump on September 8, citing "continued discrimination" by Canada…
Australia Central Bank Raises Rates to 15-Year High, Signals Further Hikes Possible
4 weeks ago
Australia Central Bank Raises Rates to 15-Year High, Signals Further Hikes Possible
The 25-basis-point increase is a tangible mechanism for cooling an economy where borrowing costs have been rising steadily. By elevating…
Australia sues Amazon over Prime Video ad introduction and unfair contract terms
4 weeks ago
Australia sues Amazon over Prime Video ad introduction and unfair contract terms
The Australian Competition and Consumer Commission (ACCC) has filed a lawsuit against Amazon Commercial Services Pty Ltd, alleging that the…
RBA poised to lift cash rate to 4.6%, making Australia a global economic outlier
4 weeks ago
RBA poised to lift cash rate to 4.6%, making Australia a global economic outlier
The anticipated hike cements Australia’s status as an international economic outlier. If the nine-member Monetary Policy Board proceeds with the…
New U.S. Tariffs and Product Bans Target Canadian Exports, Threatening Thousands of Jobs
4 weeks ago
New U.S. Tariffs and Product Bans Target Canadian Exports, Threatening Thousands of Jobs
The measures introduce specific financial penalties and outright prohibitions on certain goods moving from Canada to the U.S. market. While…