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 …
World maritime powers are meeting in London this week to negotiate what could become a landmark climate deal for the global shipping industry. The proposed measure seeks to cut emissions, fund green energy, and push ships away from fossil fuels. At the heart of the talks is a plan to introduce a global fee on …
The Nigerian community in Côte d’Ivoire has accused the Federal Government and its diaspora agencies of neglect, claiming they have failed to protect citizens trapped in human trafficking networks across West Africa. In an interview with ARISE NEWS, Davidson Ogbu, Public Relations Officer of the Nigerian Community in Côte d’Ivoire, described the gruesome murder of …
The Bank of England (BoE) has warned that global financial markets could face a sharp correction if investor confidence in artificial intelligence (AI) prospects or the independence of the U.S. Federal Reserve weakens. In its latest Financial Policy Committee (FPC) report, the BoE noted that U.S. stock valuations are nearing levels last seen during the …
Gold prices soared beyond $4,000 per ounce for the first time in history on Wednesday as investors rushed to the safe-haven asset amid global economic and geopolitical tensions, as well as expectations of U.S. interest rate cuts. Spot gold climbed 1.3% to $4,034.59 per ounce by 09:31 GMT, while U.S. gold futures for December delivery …
France’s Prime Minister, Sébastien Lecornu, has resigned just hours after presenting his new cabinet. The Elysée Palace confirmed the development on Monday following a one-hour meeting between Lecornu and President Emmanuel Macron. Lecornu, who assumed office less than a month ago after the resignation of François Bayrou, faced mounting criticism over his cabinet choices. Opposition …
