The US has threatened tariffs on Mexican goods, but Mexican President Claudia Sheinbaum has assured her country that contingency preparations are already in place.Sheinbaum said during a Monday press conference that Mexico was ready for whatever the US government decides about trade and security issues, as per a Reuters report.As chatter rises,…

Rystad Energy research forecasts that the global offshore wind industry will rebound in 2025, with capacity additions predicted to hit 19 gigawatts (GW) and sector-wide spending expected to reach $80 billion.The slowdown at the end of last year, when new installations dropped by 2 GW to approximately 8 GW, has…

The S&P 500 declined on Monday, continuing February’s losses as the approaching deadline for President Donald Trump’s tariff policies intensified economic concerns.At the time of writing, the Dow Jones Industrial Average was flat from the previous close, while the S&P 500 was slightly in the red. The Nasdaq Composite index…

President Donald Trump announced on Monday that the US will impose tariffs on “external” agricultural products starting April 2, signaling another step toward trade protectionism.In a social media post, Trump told American farmers to “get ready to start making a lot of agricultural product to be sold INSIDE of the…

US President Donald Trump has suspended all military aid to Ukraine after a heated exchange with Ukrainian President Volodymyr Zelenskiy, a White House official told Reuters. The decision marks a significant shift in Washington’s stance on the ongoing war, further straining ties between the two nations.The suspension follows Trump’s policy…

China has vowed to respond to new US import tariffs set to take effect on March 4, escalating trade tensions between the world’s two largest economies. The Chinese Commerce Ministry condemned the latest round of duties imposed by the Trump administration, calling them an attempt to “shift the blame” and…

Oil prices continued their slide on Tuesday after the Organization of the Petroleum Exporting Countries and allies agreed to stick to their plan of increasing oil output from April. Prices also fell, influenced by a combination of geopolitical and economic factors. Oil prices: tariffs and geopoliticsThe decision by US President Donald Trump…

The transportation of Iranian oil to China is increasingly relying on smaller, more agile tankers, as US sanctions continue to put pressure on the illicit trade, Bloomberg News reported on Tuesday.Ship-tracking data reveals that Aframax and Suezmax vessels have seen increased activity on the sensitive route.Kpler data showed that eight…

China’s copper production is projected to reach unprecedented levels in the current year, continuing its upward trajectory. However, this growth is not without challenges, as the operational pressures on copper smelters within the country are intensifying, according to a Bloomberg report. The increased output is placing a strain on these facilities, potentially…