According to the Treasury Department, the budget deficit for the U.S. in May reached $316.004 billion, a 9% decrease compared to the same month the previous year. Last month, budget revenues rose by 14.7% to $371.229 billion, with customs duties contributing $23 billion to the budget, nearly four...

Representatives from India and the U.S. at this week's trade discussions in New Delhi have started to show a negotiating approach that is less willing to compromise, Bloomberg reported Thursday, referencing sources. “Sources indicated that trade officials from India and the U.S. have adopted more...

Pay growth in the UK has eased significantly as wider economic headwinds prompt firms to restrain wage commitments. After a period of above-average increases driven by high inflation and labour shortages, recent months have seen nominal pay rises moderate to mid-single-digit levels, the weakest in...

Chinese automakers have increasingly resorted to aggressive price cuts to combat sluggish demand and excess inventory. Major domestic brands offer rebates and financing incentives, triggering rivals to match or exceed discounts to maintain market share. This cycle of undercutting erodes profit...

US ethane exports for 2025 are projected to be 24% lower than the previously estimated 410,000 bpd, and the 2026 forecast has been reduced by 51% to 310,000 bpd, according to a June report from the US Department of Energy's Energy Information Administration (EIA). On June 4, Enterprise Products...

President Donald Trump said that US National Guard units will depart from California once the situation in the state stabilizes, writes The Guardian. “It's obvious,” he replied when asked a related question. “They will depart once the threat has subsided.”  “It would be a dreadful scenario...

Coal India, the largest state-owned coal producer globally, will reopen 32 mines that were previously shut down and initiate five new projects this year, according to P.M. Prasad, the company’s leader, speaking to the Financial Times. He stated that India's renewable energy generation is presently...

Analysts forecast that the earnings of major German firms will increase more rapidly than those of US firms next year, driven by the stimulus efforts of the German government. Profits for firms in the DAX stock index are projected to increase by 13-15% in the latter half of this year and continuing...

The United States and China will reconvene in London on Monday, June 9, for high-stakes economic talks aimed at extending a 90-day tariff truce and tackling deeper structural disputes that have roiled global markets since early 2018. Coming just days after Presidents Donald Trump and Xi Jinping...