European Central Bank President Christine Lagarde could become president of the World Economic Forum at some point in 2027, Swiss newspaper NZZ reported on Sunday.
R
ReutersOriginal★★★☆☆2026-08-23 08:25
Analysts expect luxury home sales in Hong Kong to benefit as more expatriates choose the city as a retirement base, attracted by its low-tax environment and business opportunities. Victoria Allan, founder and CEO of Habitat Property, said many former Hong Kong expatriates are returning with retirement in mind, while others are staying and buying property.
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South China Morning PostOriginal★★☆☆☆2026-08-23 08:00
Wars, falling tax revenues and the departure of top earners are intensifying Israel’s debt pressures. As the parliamentary election campaign emphasizes defeating regional opponents, few leading candidates are addressing the enormous cost of multiple conflicts. Defence spending and debt-servicing costs are rising faster than tax collection, while the IMF warns that the 2026 deficit ceiling is too high to put debt on a downward path.
AAl JazeeraOriginal★★★☆☆2026-08-23 07:46
US President Donald Trump attacked Canada on Sunday, saying it wanted “the benefits of being a State, without being one.” His remarks followed Canadian Prime Minister Mark Carney’s announcement of retaliatory tariffs after describing the existing deal as a “bad deal.” Talks between the longtime allies broke down in Washington on Friday, signaling a widening rift.
FFrance 24Original★★★★☆2026-08-23 06:56
The Atlantic says Donald Trump’s threats and pressure on Ottawa have failed to deliver results, leaving the US president behind in the trade conflict. Canadian Prime Minister Mark Carney said negotiations were suspended and Canada would impose retaliatory tariffs from September 8, while US tariffs of 50% on some Canadian goods took effect Saturday.
Canadian Prime Minister Mark Carney and provincial premiers have responded after US President Donald Trump imposed 50 percent tariffs on about $20bn of Canadian goods. British Columbia Premier David Eby said Trump cannot be trusted.
Prime Minister Mark Carney says Canada will impose dollar-for-dollar tariffs on US steel, dairy, appliances, agricultural equipment, pulp and paper, electronics and other goods from September 8. He said Washington’s conditions were uneconomic, unfair and undermined Canada’s sovereignty after trade talks broke down.
Canadian Prime Minister Mark Carney said Canada was “at war” in its trade dispute with the United States and would impose tariffs on U.S. steel, electronics and other imports from September 8. The measures are intended to match President Donald Trump’s new 50% tariffs dollar for dollar after negotiations between the two countries collapsed.
Alibaba of China announced on Sunday a proposed placement of new shares in Hong Kong valued at $10 billion.
RReutersOriginal★★★☆☆2026-08-23 05:00
Ukraine had about 9.6 bcm of gas in underground storage by the end of August, or 72% of the minimum 13.2 bcm considered necessary for winter. At the current pace, storage could reach no more than 12.1 bcm by November 1, below the planned 14.6 bcm reserve. The country is relying on domestic production after largely halting European imports because of high prices.
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TASSOriginal★★★☆☆2026-08-23 01:39
The Washington Post reports that US public debt has surpassed $40 trillion and authorities may have to take measures that provoke public discontent. The country pays about $1 trillion a year in interest, while 30-year Treasury yields have exceeded 5.27%. Experts warn that raising taxes or cutting spending could hurt growth; without reforms, debt could reach $50 trillion in six years.
TTASSOriginal★★★★☆2026-08-23 01:07
A YouGov survey of 4,600 British adults found that just over one in five would gamble on a 50% chance of winning £1 million, while 82% of women and 63% of men preferred taking £50,000 for certain. BBC economics editor Faisal Islam says probability alone cannot explain the choice: diminishing marginal utility, prospect theory and loss aversion also shape how people weigh risk and reward.
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BBC ChineseOriginal★★☆☆☆2026-08-23 00:12
Tariff refunds gave US businesses an unexpected financial boost in their most recent quarter, while American consumers saw far less benefit.
C
CNNOriginal★★★☆☆2026-08-22 23:00
Canada is set to impose counter-tariffs as its trade feud with the United States escalates.
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Bloomberg NewsOriginal★★★★☆2026-08-22 21:30
Canadian Prime Minister Mark Carney says Canada will match new US tariffs “dollar for dollar” after trade talks with Washington broke down.
Canadian Prime Minister Mark Carney says Ottawa will begin imposing “dollar-for-dollar” tariffs on selected US imports on September 8, after Washington placed 50 percent duties on nearly $20bn of Canadian goods. Carney said talks collapsed when the US introduced last-minute terms that were unfair and uneconomic.
Trade talks between the US and Canada collapsed Friday, partly because negotiators reached a last-minute impasse over reducing US tariffs on Canadian medium- and heavy-duty vehicles, according to people familiar with the matter.
Canada will impose tariffs on several US products from September 8, Prime Minister Mark Carney said, pledging to match Washington’s new duties dollar for dollar. The move follows the United States imposing 50% tariffs on a broad range of Canadian goods after trade talks collapsed. Carney described the dispute as a trade “war.”
The United States plans to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch talks failed to ease the latest strain between the long-standing allies.
Canada and the United States are entering an escalating trade war after Prime Minister Mark Carney suspended talks with President Donald Trump and retaliated against new duties rather than accept a tentative agreement. Carney must persuade Canadians and less-affected provinces that the economic pain is worth risking in pursuit of a better deal.
After trade talks collapsed, the United States imposed 50% tariffs on $20bn worth of Canadian goods, sharply escalating tensions. Trade specialist Steven Okun says the blanket measures are unlikely to cripple Canada’s economy but will hit key sectors hard and deepen the dispute.
US-Canada trade talks collapsed at the last minute, as new 50% tariffs on billions of dollars in Canadian goods took effect. Prime Minister Mark Carney promised retaliation.
Canadian union Unifor said Saturday that it had reached tentative agreements with General Motors on behalf of 4,600 members in Ontario.
RReutersOriginal★★☆☆☆2026-08-22 20:30
Representatives of Paramount and the parties suing to block its takeover of Warner Bros. Discovery are expected to meet next week for talks that could result in a settlement.
CCNNOriginal★★★☆☆2026-08-22 19:33
Bitcoin and gold surged this week after a few days of frantic activity in the bond market gave both assets a boost. Bitcoin also benefited from activity in Washington.
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The Associated PressOriginal★★☆☆☆2026-08-22 19:00
Russian President Vladimir Putin said the country’s grain export potential is at least 60 million metric tons, calling it a “good cushion” for global markets. He said export difficulties and logistical problems affecting Ukrainian wheat shipments after Russia’s retaliatory strikes would not cause a global shortage.
TTASSOriginal★★★☆☆2026-08-22 18:03
Prime Minister Mark Carney said Canada would impose new retaliatory tariffs on a range of US sectors and announce support measures next week for domestic industries affected by the latest US duties.
RReutersOriginal★★★★☆2026-08-22 18:01
Prime Minister Mark Carney said Canada will impose dollar-for-dollar counter-tariffs on US imports starting Sept. 8, intensifying a dispute shaking one of the world’s biggest trading relationships.
Canadian Prime Minister Mark Carney called the new US tariffs a “miscalculation” intended to “hurt and divide” Canada after trade talks collapsed. He said he rejected a deal to protect Canadian sovereignty and that Canada would match US tariffs dollar-for-dollar from 8 September, including duties on steel, dairy, appliances and electronics.
Russia expects to tackle its fuel shortage by increasing imports and producing K-2, K-3 and K-4 fuel, Deputy Prime Minister Alexander Novak said. He added that fuel imports have already begun to meet demand in the domestic market.
TTASSOriginal★★★☆☆2026-08-22 16:41
A container ship operated by South Korea’s Panstar has left Busan for Europe via the Northern Sea Route. It is the first voyage on the Arctic passage by a Korean commercial vessel and is expected to take 45 days, about 7,000 kilometers and 10 days less than the Suez Canal route.
TTASSOriginal★★☆☆☆2026-08-22 15:26
A Chinese customs official called on APEC economies to take concrete steps to eliminate trade barriers and address cross-border bottlenecks, making Asia-Pacific supply chains safer, more stable and more efficient. Speaking at a customs procedures meeting in Dalian, Zhang Baofeng also urged closer alignment of rules, stronger risk-management coordination and greater use of technology. Participants approved a cooperation document on innovation for trade security and facilitation.
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CGTNOriginal★★★★☆2026-08-22 15:07
China’s imports are growing faster than exports as the country expands access to its market. Customs data show imports rose 22% year on year in the first seven months of 2026, while first-half imports exceeded $1.5 trillion. Zero-tariff measures, trade fairs and demand from advanced manufacturing are boosting imports from Africa and purchases of metal ores and electronic components, creating more opportunities for businesses worldwide.
CCGTNOriginal★★★★☆2026-08-22 15:03
Wealth managers are turning to a broader mix of assets, including commodities and infrastructure, to help protect portfolios from inflation.
BBloomberg NewsOriginal★★☆☆☆2026-08-22 13:00
At an August 21 State Council Information Office press conference in the “Start of the 15th Five-Year Plan” series, “investing in people” emerged as a key phrase. China’s general public budget allocated 12.4 trillion yuan to education, social security, healthcare, housing and related areas, up 5.4% year on year. During the plan period, the Finance Ministry said it will expand imports, broaden opening-up platforms, deepen international economic cooperation and build a modern tariff system.
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China News ServiceOriginal★★★☆☆2026-08-22 12:37
ShopMy, a favored affiliate marketing platform in fashion, allows shoppers to make money from their friends, potentially bringing more affiliate links into group chats.
BBloomberg NewsOriginal★★☆☆☆2026-08-22 12:00
Ethiopian Airlines says it will begin daily midday flights to and from Kinshasa on December 1, 2026, bringing its service to the Democratic Republic of the Congo’s capital to 21 weekly flights. The carrier also flies passengers to Lubumbashi and Goma and partnered with the DRC government to launch Air Congo in December 2024.
CCGTNOriginal★★☆☆☆2026-08-22 11:07
Japan’s fiscal 2027 budget requests are expected to exceed 130 trillion yen, driven by a record defense request of about 8.9 trillion yen. The plans include interceptor drones, AI for command-and-control systems and more long-range missiles with “counterstrike capabilities.” Social security spending is also set to rise. The scale could leave a roughly 50-trillion-yen gap, requiring new debt as higher bond yields raise debt-servicing costs.
CCGTNOriginal★★★☆☆2026-08-22 10:54
The trade war between Washington and Ottawa has escalated again. The United States imposed 50% tariffs on certain Canadian goods on Saturday, only hours after Donald Trump said he had a good relationship with his Canadian counterpart and believed a deal was possible.
FFrance 24Original★★★★☆2026-08-22 10:40
A new 50% US tariff on roughly $20bn of Canadian imports took effect after last-minute trade talks collapsed. Prime Minister Mark Carney said Canada would impose reciprocal tariffs on US goods dollar for dollar, calling late changes to Washington’s proposed terms unfair and uneconomic.
US and Canadian negotiators bargained Friday over a trade agreement that would reduce tariffs and retaliatory measures between the two major trading partners. Optimism emerged that they could finalize a deal before Washington’s midnight deadline.
Canadian Prime Minister Mark Carney vowed to match US tariffs “dollar for dollar” to protect Canadian workers and businesses. The pledge came after hefty US duties on some Canadian products took effect Saturday following days of unsuccessful negotiations.
Canadian Prime Minister Mark Carney says Canada will match US tariffs “dollar for dollar” after three extra days of negotiations failed to produce a trade deal. He called last-minute changes proposed by Washington unfair and uneconomic. The US is imposing 50% tariffs on $20bn of Canadian goods.
The United States plans to begin imposing 50% tariffs on $20 billion worth of Canadian products early Saturday after last-minute negotiations failed to ease the latest tension between the historic allies.
The United States has imposed 50 percent tariffs on more than $20bn of Canadian goods after negotiators failed to finalise a trade agreement. Canadian Prime Minister Mark Carney vowed to respond with tariffs “dollar for dollar”, while US Trade Representative Jamieson Greer blamed Canada for abandoning terms reached earlier in the week.
The United States and Canada are rushing to finalize a trade agreement before steep new US tariffs take effect. Canadian trade minister Dominic LeBlanc said late Friday that the deal was not yet complete and that negotiations would continue until the last minute. If no agreement is reached, the tariffs are due to begin Saturday.
Canadian Trade Minister Dominic LeBlanc says negotiators still have work to complete as they race to finalise a tentative deal with the Trump administration by Friday’s midnight deadline. Failure could bring another wave of US tariffs on Canadian goods, while the emerging framework faces criticism from Canadian opposition and provincial leaders.
The United States and Canada are racing to reach a deal before the 12:01 a.m. ET deadline on Saturday. The outcome could determine whether steep US tariffs are imposed on billions of dollars’ worth of Canadian goods.
A partnership between French experts and Ethiopian winemakers is helping put East Africa on the viticultural map. After years of refining vines grown from seeds imported from Bordeaux, exports are rising, while Ethiopians are also consuming more locally produced wine.
FFrance 24Original★★☆☆☆2026-08-22 10:14
Even if the landmark bill favored by Trump languishes, regulators still have many tools available, meaning cryptocurrency rules are likely to move ahead.
BBloomberg NewsOriginal★★★☆☆2026-08-22 09:30
The bond market is among the few forces powerful enough to make politicians pay immediate attention.
TThe Associated PressOriginal★★☆☆☆2026-08-22 09:00
The Trump administration dismissed about a dozen senior employees at mortgage giant Fannie Mae this week, according to an official familiar with the matter. It is the latest move in an effort to remake the lender.
BBloomberg NewsOriginal★★★☆☆2026-08-22 08:30
The Panama Canal will progressively reduce daily transits from 40 to 34 and then 32 between September 4 and 15, preparing for lower water levels during a longer and stronger-than-usual El Niño season. Slower shipping could increase costs for industries dependent on the canal.
AAl JazeeraOriginal★★★★☆2026-08-22 08:00
The World Bank forecasts Lebanon’s economy will contract 6.4 percent in 2026 after the March escalation in conflict with Israel disrupted a brief post-crisis recovery. Damage to infrastructure, displacement, supply-chain disruptions, collapsed tourism and weaker demand are expected to push inflation to 17.5 percent.
AAl JazeeraOriginal★★★★☆2026-08-22 07:35
A South Korean container ship is sailing to Europe via the Arctic on Saturday in the country's first commercial voyage along the route. The trial aims to assess its viability as South Korea hopes to develop Busan into a global maritime hub, despite concerns in the West.
RReutersOriginal★★★☆☆2026-08-22 07:00
South Korea was due to send its first trial container ship through the Arctic on Saturday as the war in the Middle East unsettles global shipping. Environmental groups warned that the route could speed up the melting of polar ice.
Mexico’s top trade negotiator said he is optimistic about securing less burdensome US tariff terms for Mexican automobile and steel exports, similar to revised measures Washington is discussing with Canada.
BBloomberg NewsOriginal★★★☆☆2026-08-22 06:30
Coles took its website and app offline repeatedly after a viral Reddit post exposed mistakenly reduced prices on some 24-packs of beer and ready-to-drink alcohol, including discounts of nearly 80%. The supermarket said a technical error caused the pricing, which has been corrected, and customers who paid will be refunded.
TThe GuardianOriginal★★☆☆☆2026-08-22 05:55
This year’s Jackson Hole symposium is on course to be one of the most interesting in recent years.
BBloomberg NewsOriginal★★☆☆☆2026-08-22 05:30
President Donald Trump said he did not direct Treasury Secretary Scott Bessent to intervene in the bond market this week, saying Bessent acted on his own authority.
BBloomberg NewsOriginal★★★☆☆2026-08-22 05:00
U.S. President Donald Trump said on Friday that he did not instruct Treasury Secretary Scott Bessent to intervene in the bond market this week. Trump said Bessent acted under his own authority, based on his understanding of the issues.
TASS calculations show that Ukraine expected $49 billion in international financial support in 2026 but has received less than $13 billion from Western partners, leaving a shortfall of more than $36 billion. Kyiv acknowledges that domestic resources are exhausted, making fundraising increasingly difficult.
TTASSOriginal★★★☆☆2026-08-22 04:02
Canadian Prime Minister Mark Carney said Canada would match US tariffs dollar for dollar after rejecting Washington’s proposed trade-deal terms. The United States plans to impose a 50% tariff at midnight on about 28 billion Canadian dollars of Canadian goods, prompting Canada to suspend negotiations and recall its negotiators to Ottawa.
CCGTNOriginal★★★★☆2026-08-22 03:43
Billionaire Ray Dalio said investors should cut their bond holdings and place up to 15% of their money in gold to hedge against the risk of a US debt crisis, which he warns could arrive within three years.
BBloomberg NewsOriginal★★☆☆☆2026-08-22 01:00
Mexican Economy Minister Marcelo Ebrard said Mexico expects to reach trade understandings with the United States that resemble, in many respects, those Washington and Ottawa are discussing. He added that Mexico does not view Canada’s parallel negotiations as a competition.
RReutersOriginal★★★☆☆2026-08-22 00:30
President Donald Trump said Washington and Mexico City have begun work on a new trade agreement that he described as much better for the United States. He also said the US had largely reached trade agreements with Canada. Earlier, the US trade representative said Washington and Mexico were holding constructive talks on moving manufacturing from Asia to North America.
Software companies are facing a crisis of confidence on Wall Street and are turning to increasingly aggressive strategies to address investor concerns.
BBloomberg NewsOriginal★★☆☆☆2026-08-22 00:30
US national debt has exceeded $40 trillion for the first time and continues to climb rapidly. Al Jazeera examines how the debt accumulated, who the United States owes, and why the milestone matters.
AAl JazeeraOriginal★★★★☆2026-08-21 23:19
Banca Monte dei Paschi di Siena, the world’s oldest bank, has a history marked by spectacular highs and stark lows. Yet this year has been especially turbulent even by the bank’s own standards.
BBloomberg NewsOriginal★★☆☆☆2026-08-21 22:30
US refiners face an impending supply decline from their largest foreign crude supplier at a time when demand for that oil is especially high.
BBloomberg NewsOriginal★★★☆☆2026-08-21 21:30
The bond market had a difficult week, while the US government’s attempt to help provided only temporary relief.
CCNNOriginal★★★☆☆2026-08-21 21:30
The US bond buyback pledge that jolted markets this week is being compared with Japanese policies aimed at containing borrowing costs, which led to prolonged weakness in the currency.
Congestion costs at PJM, the largest U.S. power grid, rose 43% to $6 billion in the first half of the year, according to the grid’s independent watchdog. Overloads on high-voltage transmission lines intensified during the period.
RReutersOriginal★★★☆☆2026-08-21 21:01
Iranian parliament speaker Mohammad Bagher Ghalibaf urged countries to abandon the US dollar in trade, calling it an outdated payment method. Speaking at an economic forum in Baghdad, he advocated using local currencies and highlighted the Middle East’s special geopolitical significance.
TTASSOriginal★★★☆☆2026-08-21 21:00
By the evening of August 21, the only station still selling gasoline in Gelendzhik — a Lukoil outlet in Arkhipo-Osipovka — had run out. Tuapse faced a similar shortage: just one of its 14 operating stations sold 95-octane gasoline, while two sold 92-octane.
MMeduzaOriginal★★☆☆☆2026-08-21 20:34
French container shipping giant CMA CGM said it will introduce an “inland emergency fee” because low water levels on the Rhine and other European rivers are disrupting inland barge traffic.
RReutersOriginal★★☆☆☆2026-08-21 20:25
US President Donald Trump says imports of up to 300,000 tonnes of ground beef will be allowed over the next three months without higher tariffs, with foreign exporters reportedly offering a 25 percent discount to consumers. Trump did not identify the country, suppliers or companies involved; a White House official said an executive order will be signed within two weeks. Senator Tim Sheehy criticised the move as harmful to ranching families.
AAl JazeeraOriginal★★★☆☆2026-08-21 19:42
Top Canadian and US trade negotiators are meeting for a third consecutive day in Washington as they seek a deal before President Donald Trump’s threatened 50 percent tariffs on about $20bn of Canadian goods take effect Saturday. Experts say even a breakthrough would not remove all US tariffs on Canada.
AAl JazeeraOriginal★★★★☆2026-08-21 19:20
Political scientist Ilya Grashchenkov says US national debt could reach $50 trillion as early as 2029, potentially bringing higher inflation and taxes, spending cuts, costlier borrowing and weaker confidence in the dollar. He cautioned that the figure itself is not an automatic collapse threshold; debt-to-GDP, servicing costs and investor confidence matter more.
TTASSOriginal★★★★☆2026-08-21 18:46
The International Congress of Industrialists and Entrepreneurs and the BRICS Partnership on New Industrial Revolution Innovation Center in Xiamen have agreed in principle to cooperate. They plan to establish a permanent ICIE representative office there in 2027 and prepare a long-term strategic memorandum. A Russian-Chinese center to protect entrepreneurs’ rights and support dispute resolution, legal assistance and investment protection is also planned.
TTASSOriginal★★★☆☆2026-08-21 18:24
Russia’s stock market closed higher on Friday, with the MOEX Index up 0.63% at 2,134.97 points and the dollar-denominated RTS Index rising 1.16% to 811.09. The yuan gained 1 kopeck against the ruble to 12.33 rubles. Analysts said stronger oil and metals prices could support the market next week, while geopolitical uncertainty remains a drag.
TTASSOriginal★★☆☆☆2026-08-21 18:12
As World Liberty Financial sought federal approval for a national trust bank, several of its most prominent investors agreed to remain largely on the sidelines.
BBloomberg NewsOriginal★★☆☆☆2026-08-21 18:00
Experts surveyed by TASS say gold could reach $5,000 per ounce by the end of 2026, citing inflation expectations, geopolitical tensions and strong central-bank demand. The ongoing US-Iran conflict is pushing up oil prices and adding to inflationary pressure, while concerns over debt-market stability support gold’s safe-haven appeal.
TTASSOriginal★★★☆☆2026-08-21 17:52
The Minutes Reader extension turns the original page into a focused reading view and translates articles and video subtitles on demand. It is in limited beta.