7 h. ago Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

DUBAI, United Arab Emirates (AP) — Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday. The IMF’s regional outlook report for the MENA region said Brent […]

Economics

7 h. ago IMF Cuts Growth Outlook for Gulf Oil Producers After Price Slump

The International Monetary Fund downgraded its growth forecasts for oil exporting countries in the Middle East and North Africa, including Saudi Arabia and Iraq, citing escalating global trade tensions and lower energy prices.

Economics

5 d. ago ECB’s Vujcic Says Current Tariffs Not Worst Scenario for Europe

European Central Bank Governing Council member Boris Vujcic said the current configuration of US tariffs isn’t the most detrimental for euro-zone growth — striking a more upbeat tone on the outlook than some of his colleagues.

Economics

8 d. ago Tesla Signals Caution, Says It Will Revisit 2025 Growth Outlook

Tesla Inc. backed away from an earlier view for 2025 sales growth and pledged to revisit its outlook next quarter, a sign that tariffs, an aging vehicle lineup and the backlash against Chief Executive Officer Elon Musk are having an impact on the electric-vehicle maker.

Other

8 d. ago IMF cuts global growth forecast by 0.5% amid U.S. tariffs: ‘New era’

The IMF said that the global economy will grow just 2.8 per cent this year, down from its forecast in January of 3.3 per cent, according to its latest World Economic Outlook.

Economics

2 w. ago Iraq to Cut Oil Price in Federal Budget Amid Plummeting Market

Iraq, OPEC’s second-largest producer, plans to cut its oil-price assumption in the federal budget after the market plunged.

Economics

2 w. ago Clariant Explores Ways to Boost Valuation After Slump, Sources Say

Clariant AG is exploring ways to boost its share price after the chemical producer lost roughly half its value over the past three years, people with knowledge of the matter said.

Other

2 w. ago Mexican Central Bank Says US Trade Tariffs Can Undercut Economic Growth Outlook

Mexico central bank members see odds of a weaker economy this year due in part to US tariff uncertainty, an outlook that incorporates greater chances of recession but can help tame inflation.

Economics

3 w. ago Here's how Toronto grocery prices compare with the Philippines

Groceries can be expensive no matter where you are. So we decided to compare prices at Walmart Canada to those of a supermarket in the Philippines.One Manila resident shared photos during a recent shopping trip at Cash & Carry, a supermarket selling local and international products.Filipinos can shop at "wet markets," a popular non-supermarket setting where meat, chicken, seafood, vegetables, and fruit can be purchased for a lower price. However, to make the shopping experience more easily comparable, we looked at a regular supermarket in the Philippines and Walmart Canada in Toronto.We also calculated the product's approximate price per unit and used the C$1 to 40.46 Philippine pesos conversion rate. Here's how shopping in the Philippines compares.Fuji applesPhilippines: Fuji apple, 204 pesos/1 kg ($5.04)Canada: Fuji apple, $5.50/1 kgPotatoesPhilippines: Potatoes, 210 pesos/1 kg ($5.18)Canada: Russet potatoes, $3.20/1 kgOnionsPhilippines: White onions, 192 pesos/1 kg ($4.74)Can...

Economics

3 w. ago Kenya Extends Oil Import Deal With Gulf Oil Giants Through 2027

Kenya has renewed a contract to purchase fuel on credit from three state-owned Gulf firms by 24 months and renegotiated lower margins.

Economics

3 w. ago Japan’s Stocks Slide as Global Growth Outlook Darkens on Tariffs

Japanese stocks fall as global investors dumped riskier assets on concern Donald Trump’s tariffs will slow the world economy. Bank shares slid most on the view Bank of Japan won’t raise interest rates as much if US levies batter the economy, while a stronger yen hurt exporting companies.

Economics