Business

The U.S. government announced on Thursday that the country’s economy grew at a robust 3.4% annual rate in the last quarter of the year, revising its earlier estimate up from 3.2%. This data from the Commerce Department signifies a slight slowdown from the 4.9% growth rate experienced in the third quarter but still represents a strong economic performance. This growth …

China emerged victorious in a nearly three-year WTO (World Trade Organization) dispute against Australia regarding tariffs imposed on certain steel products, a conflict that surfaced during a period of strained bilateral ties. Australia’s Trade Minister, Don Farrell, acknowledged the decision on Wednesday, signaling the government’s acceptance of the WTO’s findings. The dispute was initiated by Beijing in June 2021, challenging …

On Thursday, U.S. stock markets experienced a rise after a period of stagnation over the past three days. Early trading saw the S&P 500 increase by 0.6%, marking its potential first gain after reaching a record high last Thursday. Since then, the index’s changes have been minor. The Dow Jones Industrial Average saw a notable rise of 307 points, or …

On Tuesday, China lodged a complaint with the World Trade Organization (WTO) against the United States, challenging what it perceives as biased conditions attached to subsidies for electric vehicles (EVs). Under the provisions that began this year, American consumers cannot receive tax benefits ranging from $3,750 to $7,500 for purchasing EVs if the essential minerals or battery components originate from …

On Tuesday, the United States and Cyprus announced their intention to strengthen their cooperation in the battle against money laundering, circumvention of sanctions, and other financial offenses through a new agreement. This pact will provide Cypriot law enforcement with access to American expertise in these areas. An upcoming agreement between the FBI and the Cypriot police will be formalized, enabling …

On Monday (Mar 25), a New York appellate court ruled in favor of former United States President Donald Trump, granting him a temporary halt on a $454 million civil fraud judgment. The court’s decision allows Trump to avoid the immediate seizure of his assets by New York state authorities, provided he secures a $175 million bond within a 10-day period. …

On Friday, the Kremlin issued a caution to the European Union regarding its intention to levy duties on Russian grain exports and the proposal to fund Ukraine’s armament with proceeds from Russian assets that have been frozen. Kremlin spokesperson Dmitry Peskov highlighted, in response to inquiries about the EU’s planned grain tariff, that such actions would undoubtedly impact European consumers …

A recent collaborative study by an environmental scientist and the European Central Bank has discovered that escalating global temperatures due to climate change will lead to a noticeable increase in food prices and overall inflation rates. Through analyzing data on monthly prices of various goods, temperature fluctuations, and other climate-related variables across 121 countries since 1996, the researchers predict a …