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Second day of travel chaos as French air traffic controllers strike
French air traffic controllers staged the second day of a two-day strike on Friday, prompting the cancellation of flights affecting hundreds of thousands of people not just to-and-from France but also overflying the country as summer holidays kick off.
China to require EU brandy exporters to raise prices or face tariffs
China will require major European brandy exporters to raise prices or risk anti-dumping taxes of up to 34.9 percent from Saturday, the latest salvo in its long-running trade spat with the bloc. Beijing's commerce ministry said on Friday that China's tariff commission had "decided to impose anti-dumping duties on imports of relevant brandy originating in the EU" from Saturday.
Rio to host BRICS summit wary of Trump
A summit of BRICS nations will convene in Rio de Janeiro on Sunday and Monday, with members hoping to weigh in on global crises while tiptoeing around US President Donald Trump's policies. Brazil nevertheless hopes that countries can take a common stand at the summit, including on the most sensitive issues.
Trump to sign 'big, beautiful' bill on US Independence Day
US President Donald Trump will sign his flagship tax and spending bill Friday in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran.
What is the state of play with Trump's tariffs?
With sweeping tariffs on friend and foe, US President Donald Trump has roiled financial markets and sparked a surge in economic uncertainty -- and tensions are mounting days before a fresh volley of higher duties are due to kick in.
Where do trade talks stand in the rush to avert higher US tariffs?
As a Wednesday deadline approaches for steeper US tariffs to hit dozens of economies ranging from the EU to India, trade negotiations with President Donald Trump's administration are coming down to the wire.
As US stocks hit records, experts see the dollar falling further
While the US stock market has fully recovered from a spring rout, the relentless drop in the dollar is prompting currency experts to warn of greater financial market turmoil ahead. According to the ICE US Dollar Index, a basket of seven currencies, the dollar fell 10.7 percent through the end of June, the biggest drop in the first six months of a year since 1973.
World Bank's IFC ramps up investment amid global uncertainty
While the world economy faces instability from US President Donald Trump's threats of a global trade war, the International Finance Corporation (IFC) is dramatically ramping up its investment activities. The Washington-based IFC -- the World Bank's private sector arm -- mobilizes private capital and provides financing to support businesses across emerging economies.
Trump wins major victory as flagship bill passes Congress
US President Donald Trump on Thursday secured a major political victory when Congress narrowly passed his flagship tax and spending bill, cementing his radical second-term agenda and boosting funds for his anti-immigration drive.
AFP
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