The IMF report also highlights the broader impact of ongoing trade disputes, noting that tariffs could drive up inflation in the U.S. and increase financial instability worldwide. With tariffs rising, U.S. consumer prices are expected to grow by 3% this year, a full...
This 13% spike, expected to rise to 28%, is largely attributed to the effects of President Trump's new tariffs and the escalating trade war, particularly with China. The Port of Los Angeles anticipates a 31% drop in import volumes, highlighting a sharp decline in...
The motorcycle manufacturer estimates its tariff costs could rise to $175 million this year, largely due to significant tariffs on Chinese imports, despite sourcing most supplies domestically. Global motorcycle sales dropped 21% year-over-year, with U.S. retail sales...
The group announced a 411,000 barrels per day output increase for May, tripling earlier projections. This move occurred amid economic uncertainty stemming from U.S. President Donald Trump’s shifting tariff policies, raising concerns about global energy demand....
While U.S. President Donald Trump claimed discussions were already underway, China's government has denied initiating or engaging in talks, asserting that the U.S. has been reaching out proactively through various channels. China's commerce ministry emphasized that...
t HSBC's annual shareholder meeting, Chairman Mark Tucker addressed the growing economic uncertainty prompted by shifting global trade relations, which pose significant risks to global growth. Tucker, who is stepping down at the end of the year, expressed confidence...
The United Nations declares 2025 as the International Year of Glaciers' Preservation to raise awareness about the importance of glaciers and the threats they face due to climate change. The United Nations General Assembly declared 2025 as the International Year of...
Expo 2025 officially opened on April 13 in Osaka, Japan, with the theme "Designing Future Society for Our Lives." The event, held on Yumeshima Island, aims to showcase innovations and solutions for future societies. The opening ceremony was attended by Prime Minister...
The 2025 Nepalese pro-monarchy protests were a series of demonstrations advocating for the restoration of the old Kingdom of Nepal. On March 9, 2025, thousands gathered in the capital city, Kathmandu, in favor of restoring the monarchy with former King Gyanendra Bir...
Attorney General Pam Bondi has revoked Justice Department regulations that restricted the government's ability to pursue journalists' communications and compelled testimony, particularly when they obtained sensitive—but not necessarily classified—information that...
