Economy News

Economy

Exclusive: Mexico Engages in Urgent Trade Talks with US Amid New Tariff Threats

Mexico's Economy Minister Marcelo Ebrard announces ongoing trade negotiations with the US following President Trump's new 30% tariffs on Mexican goods, with a deadline set for Augu...

Economy

Saudi Arabia Boosts June Oil Production Amid Rising Geopolitical Tensions and Global Supply Concerns

Saudi Arabia increased its June oil output due to geopolitical tensions, adhering to OPEC+ quotas. The extra production bolstered domestic and offshore reserves, ensuring global en...

Economy

Goolsbee Warns: Trump's Tariff Threats Could Postpone Fed's Rate Cuts Amid Inflation Fears

Chicago Fed President Austan Goolsbee discusses how Trump's latest tariff announcements, including a 35% duty on Canadian goods, could affect inflation and delay Fed rate cuts, urg...

Economy

June Surplus Shocker: US Government Posts $27 Billion Budget Surplus Amid Fiscal Challenges

The US government recorded a $27 billion budget surplus in June, with receipts totaling $526.4 billion and outlays decreasing to $499.4 billion. This surplus has slightly reduced t...

Economy

Exclusive: FHFA Chair Hints at Fed's Powell Possible Resignation Amid Economic Policy Debate

FHFA Chair William J. Pulte suggests Federal Reserve Chair Jerome Powell may resign, sparking debate over Fed's interest rate policies and their impact on the economy amidst politi...

Economy

US Oil Rig Count Dips Slightly to 424 as Baker Hughes Reports Weekly Decline

The US oil rig count slightly decreased to 424, with a significant annual drop of 54 rigs, while the gas rig count remained unchanged at 108. Canada's rig count increased by 11, wi...

Economy

Putin's Strategic Move: Boosting Russian Industry with Comprehensive Support Until 2025

Russian President Vladimir Putin has ordered measures to sustain manufacturing output through 2025, focusing on key sectors with increased funding for industrial support tools like...

Economy

Russia's Inflation Rate Shows Promising Drop to 9.4% in June, Signaling Economic Relief

Russia's inflation rate decreased to 9.4% in June from 9.9% in May, indicating potential economic stabilization. Rosstat's latest report highlights this encouraging trend.