Foreign automakers have warned the Trump administration that they could pull their cheapest car models from the U.S. market if the U.S.-Mexico-Canada Agreement (USMCA) is not renewed or is watered down, the Wall Street Journal reported on Monday.
Federal Reserve policymakers will gather in Washington this week in what may be Jerome Powell's last meeting as head of the U.S. central bank, with energy prices still elevated and the Iran war at a standstill and likely to prolong uncertainty about the economic and monetary policy outlook.
U.S. President Donald Trump is unhappy with the latest Iranian proposal on resolving the two-month war, a U.S. official said, dampening hopes for a resolution to the conflict that has disrupted energy supplies, fuelled inflation, and killed thousands.
A warning of higher condom prices by the world’s top maker has gone viral in China, with the hashtag “condom prices rising” garnering more than 60 million views by April 23 on Chinese social media and stoking talk of stockpiling.
FOR weeks, the world's attention has been fixed on the chokepoint of the Strait of Hormuz. We've heard the grim forecasts: spiking oil prices, fertiliser shortages, and liquefied natural gas tankers idling at anchor.
Business activity in the euro zone suffered a surprise contraction in April with the U.S.-Israeli war with Iran sapping demand as prices soared, a closely watched survey showed on Thursday.