Download IPFS In a move that reinforces the United States’ commitment to natural resource management and rural economic development, the U.S. Department of Agriculture (USDA) has announced an $80 million investment to expand timber markets and strengthen forest health across the country. The funding, channeled through the Wood Innovation Grants[Read More…]

Download IPFS The United States’ latest round of tariffs, including a significant 50% levy on copper imports, is expected to have a limited economic impact on Peru, despite initial concerns. While copper is a cornerstone of Peru’s export economy, the relatively low volume exported to the U.S. means the broader[Read More…]

Download IPFS The US dollar’s recent strength may be running out of steam, with markets now turning their attention to economic data and policy decisions that could determine whether the greenback’s recovery continues or stalls. The dollar, which posted gains against most of the Group of Ten (G10) and several[Read More…]

Download IPFS As economic pressures weigh on budget-conscious travellers in 2025, US airlines are witnessing a stark divide in fortunes. Full-service carriers like Delta Air Lines, United Airlines, and American Airlines, which have poured investment into premium cabins, are reaping substantial financial rewards. Meanwhile, low-cost carriers such as JetBlue, Frontier,[Read More…]

Download IPFS US stock markets ended the day with varied results, as the S&P 500 and Nasdaq pulled back from recent record highs following reports that President Donald Trump is advocating for a substantial tariff on European Union goods. The Financial Times reported that Trump is pressing for a minimum[Read More…]

Download IPFS Sri Lanka’s rubber industry is under siege as it grapples with steep US tariffs that threaten its vital export market. With a crucial deadline looming on 1 August, the nation’s exporters are pressing for a reduction in the 30% tariff imposed by the Trump administration, warning that failure[Read More…]

Download IPFS David Mericle, Goldman Sachs’ chief US economist, has expressed confidence that President Trump’s tariffs will not trigger a prolonged inflationary surge. In a recent interview with CNBC Television, Mericle outlined his expectation for the Federal Reserve to implement three interest rate cuts this year, with the first potentially[Read More…]

Download IPFS The United States has firmly told the World Trade Organisation (WTO) that India lacks any legal grounds to impose retaliatory tariffs in response to American duties on steel, aluminium, and automotive products. This statement, issued on Thursday, follows India’s notification to the WTO’s Safeguards Committee, which outlined that[Read More…]

Download IPFS Gold prices climbed sharply on Friday, propelled by a faltering US dollar and mounting geopolitical and economic turbulence. The precious metal, long revered as a safe-haven asset, saw robust demand as investors sought stability in uncertain times. Spot gold advanced 0.5% to $3,353.80 per ounce by 2:47 PM[Read More…]

Download IPFS The US House of Representatives has passed a controversial bill authorizing President Donald Trump’s request to slash approximately $9 billion from public broadcasting and foreign aid budgets. The move, which marks the first successful presidential rescissions request in decades, passed with a narrow 216-213 vote in the House,[Read More…]