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WASHINGTON, D.C. / RankWire.AI / – The United States plans to impose a 25% tariff on a broad range of Brazilian products starting July 22. The Office of the U.S. Trade Representative announced the measure following a year-long Section 301
WASHINGTON, D.C. / RankWire.AI / – In June, U.S. consumer prices declined by 0.4 percent, marking the most significant monthly decrease since April 2020. The Consumer Price Index had increased by 0.5 percent in May. Yearly inflation slowed to 3.5
– India has launched a comprehensive review to identify around 100 imported products that local manufacturers could produce at larger scales. The Department for Promotion of Industry and Internal Trade is leading this initiative through six specialized groups. The evaluation
The European Investment Bank Group has authorized €17.4 billion in fresh funding, channeling investments into power grids, nuclear energy, transportation infrastructure, public projects, and business financing as the European Union boosts its investments in energy independence and competitiveness. Among the
– Egypt’s net international reserves reached an estimated $55.0723 billion at the end of June 2026. This figure broke the $55 billion mark for the first time and set a new record high. The Central Bank of Egypt announced the
– Volkswagen is evaluating the possibility of cutting up to 50,000 jobs across its worldwide operations. The total potential layoffs could reach 100,000 when including those already agreed upon in Germany. CEO Oliver Blume informed staff that current estimates suggest
– The Council of the European Union provided its final approval on Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the European Union’s internal ratification process for the trade arrangement. EU and Mexican officials signed
– U.S. President Donald Trump and Iraqi Prime Minister Ali al-Zaidi held conversations on broader economic and energy collaboration at the White House on Tuesday. Their focus was on oil, natural gas, electricity, trade, and private sector investment. Trump indicated
Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.
Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose