U.S. Treasury Secretary Scott Bessent told reporters and advisers this week he expects the U.S. Supreme Court to uphold President Donald Trump’s use of the International Emergency Economic Powers Act (IEEPA) to impose sweeping, unilateral tariffs — and he framed that expectation around two central...

Manufacturing activity across much of Asia cooled sharply in recent months as global trade frictions, weakening external demand and supply-chain reconfigurations combined to sap orders, dent margins and force firms into belt-tightening. While China has shown pockets of resilience, private PMI...

A federal appeals court on Friday concluded that the bulk of the sweeping tariffs imposed during the Trump administration were outside the legal authority the president invoked, delivering a major judicial rebuke to a signature element of the administration’s economic strategy. While the levies...

Brazilian President Luiz Inácio Lula da Silva’s public posture — patient, measured, insistently open to talks — looks almost paradoxical given the jolting 50% tariffs the United States recently slapped on a broad swath of Brazilian exports. The measures, announced by the U.S. administration as a...

The U.S. economy’s second-quarter growth picture brightened in the Commerce Department’s second estimate, which raised real GDP to a 3.3% annualized pace from an initial 3.0% reading. The upward revision reflected a mix of stronger business investment — notably in intellectual property tied to...

The European Commission’s move to remove tariffs on a broad swathe of U.S. industrial imports marks a strategic decision by the European Union to prioritise economic stability and geopolitical de-escalation over short-term tariff protection. Brussels presented legislative proposals this week that...

President Vladimir Putin’s trip to China for the Shanghai Cooperation Organisation summit is being used by Moscow as a targeted push to arrest a slide in bilateral commerce and to convert high-level diplomatic warmth into tangible economic commitments. Russian officials have signalled that the...

India is forecast to increase purchases of Russian crude in September as refiners lock in discounted barrels offered amid logistic disruptions in Russia’s refining system. Traders and analysts working the region say preliminary purchase patterns point to a rise worth roughly 150,000–300,000 barrels...

Nvidia’s chief executive, Jensen Huang, pushed back against market worries that the artificial intelligence investment surge may be ebbing, arguing on the company’s latest earnings call that the AI infrastructure wave remains in its early stages and will expand into a multi-trillion-dollar...