Economic

Uncertainty Over Tariff Levels Threatens Labor Improvements in Garment Factories

Factories that have signed up to implement UN-backed labor standards are facing uncertainty over tariff levels, potentially hindering improvements in working conditions. The unclear...

Mercedes-Benz to Implement Third Price Hike of 2025 in September

NEW DELHI, INDIA – July 14, 2025 Luxury carmaker Mercedes-Benz India has announced that it will increase the prices of its vehicles by 1-1.5%...

UK Economy Faces Headwinds as Growth Slows and Global Uncertainty Persists

LONDON, July 9, 2025 — The UK economy is navigating a challenging landscape of subdued growth and heightened global uncertainty, according to the Bank...

Trump Threatens 200% Tariffs on Pharmaceutical Imports

US President Donald Trump has announced plans to impose tariffs of up to 200% on imported pharmaceuticals, sparking concerns about potential disruptions to the...

US Imposes 50% Tariff on Brazil Amid Escalating Tensions

The United States has imposed a 50% tariff on Brazilian goods, effective August 1, in response to what President Donald Trump calls "unfair treatment"...

Tesla Stock Plummets Following Elon Musk’s New Political Venture

Tesla's stock experienced a significant drop, falling over 6%, after CEO Elon Musk announced the creation of a new political party, "The America Party"....

Global Car Sales Trends: Steady Demand Amidst Factory Shipment Drops

The global car sales landscape presents a mixed picture, with steady demand in some markets contrasting with drops in factory shipments. According to industry...

US Trade Tariffs: Trump Sends Letters to 14 Nations

US President Donald Trump has sent tariff letters to 14 nations, including Japan, South Korea, and Malaysia, with tariffs ranging from 25% to 40%,...

BRICS Finance Ministers Discuss Financing for Development Projects

Finance ministers and central bank governors from BRICS nations recently gathered to discuss sustainable development and reforming financial institutions. Although the exact dates of...

OPEC+ Announces to Increase Oil Production in next August

In a significant move to stabilize the global oil market, the OPEC+ coalition, comprising eight key member countries, has agreed to increase oil production...

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