The US foreign trade deficit for 2024 increased by 17% to $918.4 billion, the highest level since 2021, driven by a surge in imports leading up to the presidential election and right after Donald Trump's victory. In 2024, the U.S. foreign trade deficit reached $918.4 billion, a 17% increase from...

OPEC+ remains a pivotal entity in shaping the global oil market, with decisions that echo beyond crude prices, impacting geopolitical relationships, economic stability, and global trade. The recent meeting of OPEC+, which upheld its policy of gradually increasing oil output beginning in April, and...

In a strategic maneuver intertwining trade policy with national security concerns, President Donald Trump has temporarily suspended the imposition of 25% tariffs on Mexico and Canada, contingent upon their commitments to enhance border security and combat crime. This development underscores the...

European fertilizer manufacturers are urging the European Commission (EC) to raise tariffs on goods from Russia, as the existing duties are not effective, according to the Financial Times. They believe that European firms will keep struggling against Russian manufacturers in competition. At the end...

The emergence of DeepSeek, a Chinese AI startup, has sparked a global reassessment of artificial intelligence’s energy requirements. Traditionally, AI has been associated with high power consumption due to its intensive computational needs. However, DeepSeek's latest AI assistant operates with...

The U.S. Federal Reserve’s decision to hold interest rates steady at 4.25%-4.50% reflects a crucial moment in the ongoing balancing act between controlling inflation and supporting economic growth. While macroeconomic fundamentals such as unemployment and economic activity remain stable, there is...

The European Union (EU) and Jordan have agreed to a strategic and comprehensive partnership agreement. The accord was finalized following a discussion between European Commission president Ursula von der Leyen and King Abdullah bin Hussein of Jordan. The European Commission stated that the...

In January 2025, the Trump administration initiated a comprehensive reassessment of U.S. foreign aid, implementing a 90-day suspension of development assistance programs. This decision has significant implications for global health initiatives, geopolitical dynamics, and the operational frameworks...

Billionaire investor Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, told the Financial Times that U.S. market stocks are in a situation akin to the earlier collapse of tech companies in the early 2000s. Dalio suggests that stock prices are at elevated levels amid the...