Canada’s goods trade deficit increased substantially to C$5.9 billion ($4.24 billion) in June, as imports outpaced exports, owing to a one-time, high-value import of oil equipment from the United States. Statistics Canada revealed the figures on Tuesday, revealing the second-largest monthly trade imbalance on record. Only April 2025 witnessed a…

Brazil’s central bank signalled on Tuesday it is sticking to a cautious monetary policy stance as it faces the possible fallout from steep new US tariffs and vowed to keep anchoring inflation expectations. Minutes from its recent policy meeting showed that interest rates must stay high for a long time…

Swiss exporters are bracing for the possibility of 39% US tariffs set to take effect Thursday, one of the highest rates applied to any country under Washington’s “reciprocal tariff” policy. The announcement last week surprised politicians, analysts, and businesses who had anticipated a deal similar to the European Union’s 15%…

On August 5, Donald Trump confirmed that the United States will impose tariffs on imported pharmaceuticals. Semiconductor tariffs are also on the way, with the president promising details within days.These moves come on top of the broader “reciprocal tariffs” policy that has already placed 10 to 41 percent duties on…

The arrival of generative artificial intelligence is already leaving its mark on the American labor market, with early signs of disruption appearing in employment data, according to a senior Goldman Sachs economist. While large-scale AI deployment across industries is still in its early stages, hiring patterns—particularly in the technology sector—are…

Glencore has ruled out a shift of its primary listing to the United States, reaffirming its commitment to the London Stock Exchange despite the market’s recent struggles to retain large multinational firms. The Swiss-based commodities trader and miner made the announcement on Wednesday, alongside results showing a deepening of net…

Despite holding interest rates steady, the Reserve Bank of India has substantially revised its inflation forecast downwards, signaling potential for further rate cuts amidst emerging downside risks to economic growth.Softer inflation combined with emerging downside risks to growth indicates scope for additional rate cuts, especially if monetary policy transmission strengthens,…

As tensions between the US and India escalate, significant uncertainty shrouds the oil market currently. The imposition of secondary tariffs by the US on purchasers of Russian oil remains highly uncertain. Recent discussions have largely focused on the US’ imposition of such tariffs against India.Trump said Tuesday he will increase the…

By Sarthak GoswamiIndia’s gig economy has become a major job engine, driven by soaring demand for ultra-fast deliveries. The number of gig workers reached 12 million in FY 2024–25, up from 7.7 million in 2020–21, and could rise to 23.5 million by 2029–30, making up nearly 7% of the non-agricultural…