The UK government is bringing back subsidies up to £3,750 ($5,000) for electric vehicles to aid the auto industry and achieve environmental goals. The Department for Transport announced in a statement that the overall program will amount to £650 million. Financial support will be available for...

China’s economy expanded by 5.2 percent in the second quarter of 2025, down from 5.4 percent in Q1 and only slightly above analysts’ projections. Although this pace still meets Beijing’s official annual target of “around 5 percent,” a confluence of challenges—including a deepening property slump,...

As a summer deadline for U.S. tariff hikes on European goods looms, transatlantic trade negotiations have hit an impasse, with U.S. President Donald Trump insisting on deeper concessions from the European Union even as Brussels seeks to maintain a fragile truce. Both sides have extended pauses on...

With just 29 days remaining before President Trump’s next major tariff truce with China expires on August 12, exporters across the country have launched an all‑out effort to mitigate the looming risk of duties reverting to levels exceeding 100 percent. As this deadline approaches, firms are racing...

The European Union has ramped up efforts to finalize a comprehensive trade agreement with the United States, driven by strategic economic imperatives, political considerations and the desire to safeguard its industries and consumers against escalating protectionism. Leaders in Brussels view a...

US President Donald Trump has escalated his trade confrontation with two of America’s closest economic partners by announcing a 30 percent tariff on all imports from the European Union and Mexico, slated to take effect August 1. Citing deepening trade imbalances and national security...

Swiss Barry Callebaut, the leading global supplier of chocolate and cocoa products, has downgraded its sales outlook for the ongoing financial year for the third occasion. "Because of extraordinary market circumstances," the firm anticipates a sales drop of around 7% for the 2024/25 fiscal year,...

According to the Financial Times, US universities might forfeit roughly $1 billion in income due to the decline in international students who cannot or do not wish to study in the United States because of policies enacted by President Donald Trump. Stricter applicant evaluations, visa holdups, and...

US President Donald Trump declared that a 25% tariff on products from Japan and South Korea will take effect on August 1. He released two official letters directed to South Korean President Lee Jae-myung and Japanese Prime Minister Shigeru Ishiba on Truth Social. “Starting August 1, 2025, we will...