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Trump Reverses Course on Tariffs to Curb Grocery Inflation and Appease Consumer Pressure 11/15/2025

Nissan Accelerates Global Revamp With Strategic Job Cuts at Its European Headquarters 11/14/2025

China’s Growth Engine Stalls as Weak Output and Soft Spending Expose Deep Structural Faultliness 11/14/2025

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Economics

Iraq sets to produce 7 million barrels of oil per day by 2025

Iraq will be able to increase oil production to 7 million barrels a day by 2025, the country's oil minister Ihsan Abdul Jabbar said on Sunday. "We are now capable of producing 5 million barrels per day. We can reach a production level of 7 million barrels per day by 2025," the INA agency quoted the...

Temporary UK Economy Rebound Amid Record Govt. Debt

According to data published on Friday, the recovery of the economy of the United Kingdom, battered by the novel coronavirus pandemic, is gathering pace even as borrowings by the government went past the 2 trillion pound ($2.6 trillion) mark and amid growing concern of more lob losses in the near...

United States And European Union Strike Mini Trade Deal

A so called mini trade deal worth a total of $200 million between the United States and the European Union was announced on Friday. According to the deal, there will be a reduction in tariffs on a small range of products – which includes lobsters from the US. This however was a sign of...

UK’s Government Debt, At £2 Trillion, Is Higher Than Its GDP

Heavy speeding by the United Kingdom government to support the economy hit the by the novel coronavirus pandemic has resulted in its government debt to touch more than £2 trillion for the first time. The current debt figure of the country is now equal to the value of everything that is...

Taiwan Aims To Become Asian Financial Hub, To Liberalize It Economy Further

Taiwanese president Tsai Ing-wen said on Wednesday that the country aims to become an Asian financial and asset management hub and would thus be opening up its economy more and offer more financial products. This move was made by the island state at a time when there is huge political...

Banks In Britain Include ‘Worst’ Scenario Into ‘Their Risk Models’

In a provisional “potential” loss in loans across these banks could go up to “$22 billion” whereby leaving the previous “analyst forecasts” behind and ramping up pressure on selling shares which already took a beating due to the ongoing global pandemic. The second quarter looked gloomier to the...

India to invest $ 1.46 trillion in economic recovery after pandemic

Indian Prime Minister Narendra Modi said the country has succeeded in containing the coronavirus pandemic and announced $ 1.46 trillion in infrastructure projects to support the economy, the Associated Press reports. During his speech on the occasion of the 74th anniversary of India's independence...

Slow Down In China's Post-Pandemic Economic Recovery In July

Expectations of a modest rise in retail sales in China as dashed in July with consumers deciding not to spend on retail potentially because of their continued worries of the novel coronavirus pandemic. There was also slow progress in recovery for the factory sector in the second largest economy of...

Plans Of Launching Low Carbon Aluminum Platform By London Metal Exchange

Plans of launching of a spot trading platform for low carbon aluminum as well as a register where producers can voluntarily log their metal’s carbon-related details with the aim to support sustainable metal production was outlines by the London Metal Exchange on Thursday. While the plan...

China Urges US To Create Appropriate Conditions To Implement Phase 1 Trade Deal

The United States will put an end to its current policy of taking restrictive and discriminatory measures specifically targeted against Chinese companies in the US, hopes China. The country’s Assistant Minister of Commerce Ren Hongbin said on Thursday that Beijing also hopes that the...