For months U.S. automakers quietly absorbed billions of dollars in extra costs after new tariffs took effect in April, shielding buyers from immediate sticker shock. That window of price restraint is now closing. Automakers face mounting margin pressure, narrowing internal options to absorb the...

Federal appeals judges rejected former President Trump’s attempt to oust Federal Reserve Governor Lisa Cook, delivering a strong reaffirmation of the legal safeguards that preserve the central bank’s independence. The ruling arrives just before a pivotal Fed rate-setting meeting, forestalling a...

Markets opened this week with U.S. stocks climbing to fresh record highs as investors largely brace for the Federal Reserve to begin easing its policy. The S\&P 500, Nasdaq and Dow all gained ground, with the S\&P and Nasdaq registering new intraday peaks. The momentum was powered by signs...

Chinese leaders and markets are grappling with “involution” — a term that began as internet slang for gruelling, self-defeating competition among young people but has since mutated into a description of an economy caught in a race-to-the-bottom of price cutting, overcapacity and shrinking returns....

U.S. Democratic lawmakers have urged the Trump administration to make curbing China’s longstanding industrial overcapacity a central aim of any trade agreement, pressing negotiators to win enforceable commitments that would change Beijing’s production incentives and shield American industry. The...

Fitch Ratings has cut France’s long-term sovereign credit rating to A+, the lowest grade assigned to the country by a major agency, citing political fragmentation and an unclear path to stabilising public debt. The downgrade intensifies pressure on Paris as policymakers scramble to craft a credible...

China’s commerce ministry has launched two formal trade investigations targeting U.S. semiconductor practices: an anti-discrimination inquiry into U.S. trade policy on chips and a parallel probe into suspected dumping of certain American analog chips. The timing — announced on the eve of a...

The United States’ urging of the G7 and the European Union to impose tariffs on countries that continue to buy discounted Russian oil has sharpened a fraught diplomatic episode that mixes security aims with blunt trade tools. Washington’s appeal to allies to punish buyers was presented as a way to...

China drag and subsidy hangover hit global pace. Global sales of battery-electric vehicles and plug-in hybrids rose by 15% year-on-year in August, to roughly 1.7 million units, marking the slowest monthly growth since January. The moderation reflects a blend of factors: a pronounced slowdown in...