Browsing: Business

WASHINGTON, D.C. / RankWire.AI / – Starting July 22, the United States will impose a 25% tariff on a broad spectrum of Brazilian goods. The measure was announced by the Office of the U.S. Trade Representative following a yearlong Section

WASHINGTON, D.C. / RankWire.AI / – In June, U.S. consumer prices decreased by 0.4 percent, marking the most significant monthly drop since April 2020. The Consumer Price Index had increased by 0.5 percent in May. The U.S. Bureau of Labor

– India has initiated a comprehensive evaluation aimed at pinpointing around 100 imported products that can be produced domestically on a larger scale. The Department for Promotion of Industry and Internal Trade is spearheading this effort through six specialized teams.

The European Investment Bank Group has authorized €17.4 billion in new funding, channeling investments into power grids, nuclear energy, transportation infrastructure, public services, and business financing as the European Union enhances its efforts toward energy independence and competitiveness. Among these

– Egypt’s net international reserves reached an estimated $55.0723 billion at the end of June 2026. This figure surpassed the $55 billion mark for the first time and set a new record high. The Central Bank of Egypt announced the

– Volkswagen is evaluating the possibility of cutting up to 50,000 jobs across its worldwide operations. The total potential reduction could reach 100,000 when including layoffs already agreed upon in Germany. CEO Oliver Blume informed staff that current estimates indicate

– The Council of the European Union provided its final approval Tuesday for the EU-Mexico Interim Trade Agreement. This decision marks the completion of the European Union’s internal approval process for the trade arrangement. EU and Mexican officials signed the

– U.S. President Donald Trump and Iraqi Prime Minister Ali al-Zaidi examined broader economic and energy collaboration at the White House on Tuesday. Their talks highlighted issues related to oil, natural gas, electricity, trade, and private sector investment. Trump indicated

Wall Street closed lower on Monday as a sharp technology selloff and surging oil prices pulled major U.S. stock indexes down. The Nasdaq Composite dropped 1.55% to 25,873.18, ending a three-session winning streak. The S&P 500 fell 0.79% to 7,515.34.

Oil prices surged nearly 10% on Monday as renewed U.S.-Iran conflict focused attention on the Strait of Hormuz. Brent crude futures for September delivery gained $7.29, or 9.6%, to settle at $83.30 a barrel. U.S. West Texas Intermediate crude rose