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News
European Central Bank raises interest rates a quarter point to quell energy-fueled inflation
3+ day, 3+ hour ago (296+ words) The central bank for the 21 EU member countries that use the euro currency raised its benchmark rate by a quarter percentage point to 2.50% at a meeting held in Berlin, away from the bank’s Frankfurt headquarters. Bank President Christine Lagarde said…...
Chinese electric bike imports surge as Africa’s EV investments diversify
3+ day, 10+ hour ago (528+ words) Two and three-wheelers account for a large share of vehicles on African roads and are heavily used commercially. So, switching to electric from gasoline and diesel engines could cut fuel consumption and urban air pollution. Northern African countries like Morocco,…...
China says it hopes to agree with US on tariff reductions at 'an early date"
3+ day, 11+ hour ago (369+ words) Negotiators are striving to implement reciprocal tariff reductions on $30 billion worth of goods “at an early date,” Commerce Ministry spokesperson Huang Ling said at a weekly briefing. The $30 billion will be from each side, China's official Xinhua News Agency said....
China’s car exports in first 8 months surpass 2025 total, as EV sales soar
3+ day, 6+ hour ago (232+ words) SFGATE Passenger car exports in August jumped 67.1% from the year before to around 890,000 units, driven by plug-in hybrids and pure electric vehicles, according to the China Association of Automobile Manufacturers (CAAM) China exported more than 6.2 million passenger vehicles in January-August…...
In a major increase, CSC clears more than $227M worth of NIL deals in July and August
3+ day, 23+ hour ago (190+ words) Much of the increase in the numbers revealed Wednesday can be attributed to a streamlined process with the commission's NIL Go platform that players and schools use to submit deals, along with more personnel to evaluate deals. The agency now…...
China's exports pick up in August, jumping 25% as its trade surplus widens
5+ day, 10+ hour ago (568+ words) The data was broadly in line with what economists had expected and comes just ahead of a planned meeting between Chinese leader Xi Jinping and U.S. President Donald Trump. That's set for late September, though Beijing has not yet confirmed the…...
Oil prices keep rising and weigh on Wall Street
5+ day, 1+ hour ago (610+ words) The S&P 500 fell 0.4%. The Dow Jones Industrial Average was down 520 points, or 1%, as of 10 a.m. Eastern time, and the Nasdaq composite was 0.3% lower. In the oil market, the price for a barrel of Brent crude rose 1% to $97.95 after briefly climbing…...
What to know about Canada’s escalating trade war with the US as Carney retaliates with tariffs
5+ day, 12+ hour ago (1057+ words) The outcome could resonate far beyond Canada, showing other governments whether a smaller U.S. ally can withstand Trump’s economic pressure. Canadian Prime Minister Mark Carney says U.S. demands could hollow out key Canadian industries and limit the country’s independence, while Trump’s…...
Stocks wobble after a surprisingly strong jobs report raises prospects of an interest rate hike
1+ week, 2+ day ago (565+ words) U.S. futures are mixed ahead of the crucial August jobs report that could influence the U.S. Federal Reserve and it's next call on interest rates. Futures for the S&P 500 climbed 0.1% on Friday, while those for the Dow Jones Industrial Average slipped…...
Oil prices edge higher, while world shares are mixed after Wall Street gains
1+ week, 3+ day ago (403+ words) Renewed fighting between the U.S. and Iran has pushed oil prices sharply higher, though U.S. President Donald Trump said Wednesday he doesn’t expect the U.S. bombing campaign to last “much longer.” Brent crude, the international standard, rose 1.7% to $97.25 per barrel after falling…...