Trump approves Nippon Steel’s $14.9 billion purchase of US Steel

US President Donald Trump approved Nippon Steel’s $14.9 billion bid for US Steel, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security...

US consumer prices rise in May; inflation expected to accelerate

US consumer prices increased less than expected in May as cheaper gasoline partially offset higher rents, but inflation is expected to accelerate in the coming months on the back...

Global economic growth outlook plunges to 2.3%, says World Bank

The World Bank lowered its 2025 global growth forecast to 2.3 per cent, down from 2.7 per cent previously expected. In its latest economic prospects report, the 189-country organisation...

Boeing shares sink, dollar dives on Trump’s new trade threat

Wall Street stocks dipped early Thursday after fresh trade war rhetoric from President Donald Trump, while Boeing shares tumbled following a brutal Air India crash on a 787 jet....

Gold gains on weaker dollar as US-China talks in focus

Gold prices rose on Monday, supported by a weaker US dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum extended gains for a sixth straight session...

China’s export growth slows last month as tariffs take toll

China’s export growth slowed to a three-month low in May as US tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on...

Weekly jobless claims hit 7-month high; imports post record decline

The number of Americans filing new applications for unemployment benefits increased to a seven-month high last week, pointing to softening labour market conditions amid mounting economic headwinds from tariffs....

Dimon warns that US’s biggest problem is ‘the enemy within’

JPMorgan Chase CEO Jamie Dimon has warned that China isn’t the biggest threat to the US, it’s “the enemy within.” Dimon appeared at the Reagan National Economic Forum in...

‘Big beautiful bill’ is a budget-busting boondoggle

Days before the House passed President Donald Trump’s “big beautiful bill,” Moody’s Ratings agency had an ominous warning about the US economy. Because of America’s recent history of running...

Tax cuts