China did not import any soybeans from the United States in September, the first time since November 2018, as escalating trade tensions and high tariffs pushed buyers toward South American suppliers. According to data from China’s General Administration of Customs, imports from the U.S. fell to zero from 1.7 million metric tons in the same …
U.S. President Donald Trump has warned that India will continue to face “massive” tariffs if it does not halt imports of Russian oil, reigniting trade tensions between Washington and New Delhi. Speaking to reporters aboard Air Force One on Sunday, Trump claimed that Indian Prime Minister Narendra Modi had assured him that India would stop …
China’s economy expanded by 4.8% in the third quarter, its weakest pace in a year, as sluggish domestic demand left the country leaning heavily on exports to sustain growth. Analysts warn that this growing dependence on foreign markets amid a deepening trade dispute with the United States could threaten China’s economic stability in the medium …
Two airport security officers died on Monday after a cargo plane veered off the runway and plunged into the sea at Hong Kong International Airport. The Boeing 747 aircraft, operated by Turkey-based ACT Airlines under lease to Emirates, had arrived from Dubai around 3:50 a.m. The aircraft lost control while taxiing and struck a patrol …
Indian quick-commerce platform Zepto announced on Thursday that it has raised $450 million, pushing its valuation to $7 billion. Founded in 2021 by Aadit Palicha and Kaivalya Vohra, Zepto specializes in ultra-fast grocery delivery, promising delivery times as short as 10 minutes. The company operates over 250 “dark stores” across major Indian cities, enabling quick …
Brazil’s economic activity rose 0.4% in August compared with the previous month, falling short of the 0.6% increase economists had forecast, according to data from the central bank’s IBC-BR index released Thursday. The index, which serves as a monthly proxy for GDP, combines estimates from agriculture, industry, services, and production-related taxes. Only the agriculture sector …
China on Thursday accused the United States of stirring unnecessary alarm over its rare earth export controls. The country also rejected Treasury Secretary Scott Bessent’s critical remarks about top Chinese trade negotiator Li Chenggang. The official People’s Daily released a seven-point rebuttal, defending Beijing’s measures. U.S. officials had suggested that removing the controls could prevent …
Domino’s Pizza has outperformed Wall Street expectations in its third-quarter results, riding a wave of value-driven promotions and new menu offerings as budget-conscious Americans search for affordable meal options amid stubborn inflation. The world’s largest pizza chain reported a 5.2% increase in U.S. same-store sales, surpassing analysts’ forecasts of 4%, according to data from LSEG. …
America’s small businesses are bracing for a rough patch. According to new data released by the National Federation of Independent Business (NFIB), confidence among U.S. small business owners fell sharply in September, as inflation worries, tariff pressures, and growing policy uncertainty weighed heavily on Main Street. The NFIB Small Business Optimism Index dropped 2.0 points …
Federal Reserve Chair Jerome Powell on Tuesday delivered his final speech before the Fed’s upcoming policy meeting, navigating a U.S. economy torn between strong growth, rising productivity, and mounting inflation risks. The address comes as policymakers grapple with incomplete economic data amid a U.S. government shutdown that has delayed the September jobs report and other …
