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

11 h. ago U.S. Senate votes against resolution to block Trump’s global tariffs amid economic turmoil

Wary of a rebuke to Trump, GOP leaders encouraged their conference not to vote for the resolution, even as many of them remain unconvinced about the tariffs

Economics

16 h. ago The Senate is voting on whether to block Trump’s global tariffs amid economic turmoil

WASHINGTON (AP) — Senate Democrats are forcing a vote Wednesday evening on whether to block global tariffs announced by Donald Trump earlier this month, a potentially tough vote for some Republicans who have expressed concerns about the policy but are wary of crossing the president. Trump announced the far-reaching tariffs on nearly all U.S. trading […]

Economics

16 h. ago S&P/TSX composite index down, U.S. markets mixed on weakening economic data

TORONTO — Canada’s main stock index closed down Wednesday while U.S. markets were mixed as economic data showed signs of weakness on both sides of the border. Statistics Canada reported that the Canadian economy shrunk 0.2 per cent in February, though economists said harsh winter weather could be more to blame than tariff issues. In […]

Other

18 h. ago Stock markets drop on news that U.S. economy shrank amid tariffs

Such data raises the threat of a worst-case scenario called 'stagflation,' one where the economy stagnates yet inflation remains high.

Economics

18 h. ago How U.S. tariff uncertainty weighed on Bank of Canada’s latest rate move

The Bank of Canada is growing more cautious about interest rate policy as U.S. President Donald Trump's tariffs take effect on the economy, according to the latest report.

Economics

19 h. ago Bank of Canada considered cutting interest rate in April as Trump tariffs roiled markets

Summary of minutes shows some policymakers wanted more information on tariffs and their potential impact

Economics

22 h. ago Weak GDP report tied to tariffs has Trump trying to blame Biden on the state of the economy

WASHINGTON (AP) — President Donald Trump got worrisome news on Wednesday about how the U.S. economy is battening down for potential fallout from his tariffs — and he was quick to try to pin the blame on his Democratic predecessor, Joe Biden. The government reported that the U.S. economy shrank at an annual rate of […]

Politics

23 h. ago Apollo’s Zito Warns Trade War Risks Eroding US Dominance in Capital Markets

The US is risking potential erosion of its longtime dominance in capital markets amid President Donald Trump’s global trade war, warned John Zito, co-president of Apollo Global Management Inc.’s asset-management arm.

Economics

38 h. ago Trump Bashes Powell, Touts Tariffs at 100 Day Rally in Michigan

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during an event on Tuesday to mark his 100th day in office.

Economics

38 h. ago Trump Bashes Powell, Touts Tariffs at Rally Marking 100 Days

President Donald Trump renewed criticism of Federal Reserve Chairman Jerome Powell as he championed his economic policies and tariff regime during a Tuesday event to mark his 100th day in office.

Economics

46 h. ago Experts say Canada is now on the brink of an economic recession

Canada is headed towards a recession this year, and now is the time for Canadians to prepare for a financial downturn, according to a Wells Fargo report.In its International Economic Outlook: April 2025 report, the company highlights its economic forecast, stating that economies exposed to tariffs are expected to underperform."In that sense, we now believe Canada’s economy will enter technical recession this year," states the report. It also predicts that the Bank of Canada will likely ease interest rates due to concerns about inflation.However, tariffs aren’t the only factor that will have a direct impact on Canada's economy — the indirect effects of sentiment and confidence are also expected to contribute to the recession.And an already weak loonie is also likely to get even weaker.Wells Fargo predicts that the Canadian dollar "will be a relative underperformer.” According to currency exchange company XE, as of April 29, th...

Other

65 h. ago Rystad Cuts US Shale Oil Growth View on Tariffs, Lower Prices

Oil industry consultant Rystad Energy has slashed its estimate for US onshore crude growth by more than half for this year, amid lower commodity prices and higher costs brought on by President Donald Trump’s global trade war.

Economics

69 h. ago Tariff war draws investment warning from $160 billion novo fund

(Bloomberg) — The $160 billion fund behind Ozempic-maker Novo Nordisk A/S says President Donald Trump’s tariff war has created so much economic uncertainty that it now sees little likelihood it will move ahead with any big investments. “Until there is more clarity on the prospects for economic growth, we will slow down our investment activities,” […]

Economics

3 d. ago Trump Cuts Threaten Americans’ Safety Net Just as More Are Expected to Need It

As tariffs spur worries of an economic downturn, Americans are poised to face higher costs with fewer resources to rely on.

Other

3 d. ago The $160 Billion Fund Behind Novo Nordisk Puts Investing on Hold

The $160 billion fund behind Ozempic-maker Novo Nordisk A/S says President Donald Trump’s tariff war has created so much economic uncertainty that it now sees little likelihood it will move ahead with any big investments.

Economics

3 d. ago Global Race to Lure US Researchers Intensifies After Trump Cuts

A global race to recruit US researchers and doctors is heating up as President Donald Trump’s sweeping cuts to science funding and federal agencies disrupt the country’s research landscape.

Other

3 d. ago Global Race to Lure US Researchers Intensifies as Trump Slashes Science Funding

A global race to recruit US scientists is heating up as President Donald Trump’s sweeping cuts to research funding and federal agencies trigger an exodus from the country’s research institutions.

Other

3 d. ago ECB Prepares for June Cut as Economy Hurt Even If Trade Is Fixed

European Central Bank officials are preparing to lower interest rates further, expecting lasting damage to the economy from US tariffs even if Donald Trump’s administration softens its stance in the weeks ahead.

Economics

4 d. ago Israeli Economy at Risk From Tariffs, Central Bank Chief Says

Israel’s central bank said that US-imposed tariffs are affecting the Jewish state’s economy as markets and tech investments come under risk.

Economics