Saturday, August 8, 2026
Economy
US Treasury to take ‘extraordinary measures’ to avoid debt default
Washington (AFP) - The US Treasury Department will start taking "extraordinary measures" next week to avoid risking a default on...
Canada vows ‘Trump tax’ on US in response to tariffs: minister
Montreal (AFP) - Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on...
US to tighten trade rules to hit low-cost China shipments
Washington (AFP) - The United States unveiled a new rule Friday to tighten an exemption allowing low-value imports to enter...
IMF raises global growth outlook and flags rising economic divergence
Washington (AFP) - Global growth is expected to increase slightly this year while remaining stuck below its pre-pandemic average, the...
Trump’s economic plans could cause inflation: IMF chief economist
Washington (AFP) - Donald Trump's economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told...
Bootleg liquor deaths revive debate on Turkey alcohol tax
Istanbul (AFP) - With 38 people dead in four days and 26 in intensive care after drinking bootleg liquor in...
‘No money’: gloom on Beijing streets as economic growth slows
Beijing (AFP) - Consumers pinching pennies, businesses seeing fewer customers, and a pervading sense that the economy just isn't bouncing...
Insurance access for US homeowners with higher climate risks declines
Washington (AFP) - Homeowners in areas of the United States with the highest climate-related risks saw declining access to insurance,...
US Treasury nominee says Trump can usher in ‘economic golden age’
Washington (AFP) - Donald Trump's nominee for Treasury chief defended potential tax cuts and tariffs Thursday, telling lawmakers at his...
China property giant Vanke’s CEO ‘taken away’ by police: report
Beijing (AFP) - The head of one of China's biggest property firms has been "taken away" by police, state-backed media...
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