Mark Carney’s Liberal Party has retained power in Canada’s 2025 federal election, pulling off a dramatic comeback but falling short of a majority government. The victory marks a defining moment for Carney, who only recently assumed leadership after former Prime Minister Justin Trudeau’s resignation, and comes against the backdrop of…

The limited return of electricity to the Iberian Peninsula has revealed a more profound weakness within the area’s power infrastructure.Monday’s extensive and rapid power outage, which halted activity across much of Spain and Portugal, has generated considerable regional and international apprehension.Red Electrica (REE), Spain’s national grid operator, and Portugal’s E-Redes…

Brazil’s central bank has warned of a sharp drop in corporate profitability as the country’s aggressive monetary tightening begins to ripple through the broader economy.In its latest Financial Stability Report, released Tuesday, Banco Central do Brasil projected that the median Return on Equity (ROE) for publicly listed non-financial companies could decline to just 3.92%…

The Mediterranean Sea is nearing a critical deadline set by the International Maritime Organization (IMO) to lower bunker fuel sulfur limits. While the region was designated an Emission Control Area (ECA) nearly a year ago, maintaining this status will necessitate the near-total elimination of very low sulfur fuel oil (VLSFO) from…

In a significant, albeit discreet, policy adjustment, China has reportedly created a list of specific US-made products eligible for exemption from its steep 125% retaliatory tariffs. According to a report in Reuters, Beijing is quietly notifying select companies about the existence of this “whitelist”, rather than making a public announcement,…

Global automakers are dialling back profit forecasts and suspending guidance as tariff tensions, weakening margins from electric vehicles, and mounting global competition cast a shadow over the industry’s near-term prospects.From Volkswagen and Mercedes-Benz to Stellantis and Aston Martin, companies are warning that US trade policy under President Donald Trump, combined…

Heavy tariffs are poised to drastically reduce China’s used cooking oil exports to the United States, its main buyer, forcing suppliers to seek alternative markets like Europe, according to a Reuters report.Impact of US tariffsThe Trump administration has implemented a 125% import tariff on used cooking oil (UCO) from China,…

Thailand’s economy started the year with optimistic growth forecasts, but the story quickly turned gray.Almost halfway through the year, Thailand looks to be facing an economic shock that’s more complex than anything it has dealt with in the last two decades. The warning signs are not hard to spot. Growth outlooks…

After prolonged struggles with declining sales and fading customer loyalty, Starbucks is on a mission to return to the fundamentals of its coffee-shop experience, but external pressures and weaker earnings are testing investor patience.The coffee giant reported fiscal second-quarter results on Tuesday that missed Wall Street expectations, sending its shares…