Economy News

Economy

Canada's New Liberal Government Announces Fall Economic Update, Delays Full Budget Release

Canadian Finance Minister Francois-Philippe Champagne announces a tax cut and a fall economic update, delaying the full federal budget. The move follows the Liberals' return to pow...

Economy

US Crude Oil Inventories Surge by 4 Million Barrels, Refinery Operations and Imports Shift

The Energy Information Administration reports a 4 million barrel increase in US crude oil inventories, with refinery inputs rising and gasoline production dropping. Crude oil impor...

Economy

Russia Considers Extending Gas Export Restrictions Amid Stable Domestic Fuel Prices

The Russian government is assessing an extension of gas export restrictions until October 2025, amid stable domestic fuel prices and no reported shortages. This follows previous ba...

Economy

Fed's Jefferson Warns: Rising Tariffs May Fuel Inflation, Economic Uncertainty Looms

Fed Vice Chair Philip Jefferson discusses the potential inflationary effects of higher tariffs, noting uncertainty over their duration. He affirms the current policy rate's adaptab...

Economy

EU Unveils Sweeping Reforms to Simplify Agricultural Regulations and Boost Farmers' Earnings

The European Commission announces reforms to simplify the Common Agricultural Policy, aiming to save billions for farmers and national administrations, with increased payments for ...

Economy

OPEC Downgrades Global Growth Forecast to 2.9% Amid US Economic Contraction and Trade Uncertainties

OPEC has downgraded its global economic growth forecast for 2025 to 2.9%, citing the US economic contraction and trade uncertainties. Adjustments in regional forecasts include the ...

Economy

OPEC Holds Steady: Global Oil Demand to Grow by 1.3 Million Barrels Per Day in 2025 and 2026

OPEC's monthly report forecasts a steady global oil demand growth of 1.3 million bpd in 2025 and 2026, with variations across OECD and non-OECD regions. Transportation fuels are ex...

Economy

EU and China Strengthen Financial Ties: Key Discussions on Stability and Cooperation in Brussels

The second EU-China working group meeting in Brussels focused on financial stability, sustainable finance, and cross-border payments, highlighting the importance of their financial...