Business

US-Mexico Relations Strain as Cartel Politics Heat Up Before Elections

Tensions are escalating between the United States and Mexico as both nations navigate the political landscape ahead of crucial elections. The Trump administration has intensified its focus on Mexico, pressing the country to take stronger action against drug trafficking and corruption, including alleged ties between organized crime and public officials. President Donald Trump has publicly criticized Mexico for not sufficiently addressing the illegal drug trade...

Saudi Arabia Secures Approval for $24.3 Billion F-35 Purchase from US

The United States has sanctioned a potential $24.3 billion arms deal with Saudi Arabia for the purchase of 48 F-35 stealth fighter jets, marking a significant step in military cooperation between the two nations. This sale, however, still awaits the approval of the US Congress. The US State Department emphasized that the transaction would bolster Saudi Arabia's defensive capabilities and enhance its ability to deter...

Trump Imposes 50% Tariff on Cars, Trucks, Steel from Canada

In a significant escalation of trade tensions, US President Donald Trump has declared a new 50% tariff on Canadian-made cars, trucks, auto parts, and...

Trump Postpones Tariffs on Canada, Reconsiders Keystone XL Pipeline Plan

President Donald Trump has announced a three-day delay on implementing a planned 50% tariff on Canadian goods, attributing the postponement to progress in trade...

US Claims India, 37 Nations Assist Chinese Goods Transshipment

The United States has leveled accusations against 38 countries along with the European Union, alleging their involvement in a clandestine "shadow transshipment network." This...

Federal Deficit to Hit $2.1 Trillion by 2026, Reports Indicate

The United States is on track to face a significant federal budget deficit, projected to reach approximately $2.1 trillion in the fiscal year 2026....

Trump Enacts 15% Tariff to Safeguard U.S. Solar, Chip Supply Chains

In an effort to bolster domestic production and reduce dependency on China, US President Donald Trump has announced a 15% tariff on imported products...

Court Orders US to Refund $100 Billion in Trump-Era Tariffs

The United States government has returned approximately $100 billion collected in tariffs under former President Donald Trump's trade policies, following a Supreme Court decision...

California Boosts Minimum Wage to Unprecedented $17.40 Per Hour

California is set to raise its statewide minimum wage to $17.40 per hour starting January 1, marking the highest such rate across the United...

U.S. Levies 12.5% Tariff on 33% of Singapore Exports

The United States has introduced a new 12.5% tariff on about one-third of Singapore's domestic exports, citing concerns over the enforcement of laws against...

US and Saudi Arabia Ink Historic Civil Nuclear Deal for Uranium Enrichment

The United States has entered a pivotal civil nuclear cooperation agreement with Saudi Arabia, a move that is poised to enhance energy and strategic...

Jordan, US Forge Agreement to Enhance Trade Relations

The United States and Jordan have entered into a new trade agreement designed to enhance economic collaboration, minimize trade barriers, and generate new business...

US-Iran Tensions Boost Oil Prices, Sparking Inflation and Rate Concerns

Oil and gas prices soared globally as tensions escalated following renewed military confrontations between the United States and Iran, sparking fears over potential disruptions...

Breaking: Bank of England Excludes Coal Bonds from Major Lending Programs

The Bank of England is set to discontinue accepting bonds associated with thermal coal companies as collateral for its lending activities starting in October,...