Economy

Economy Latest News

Chinese tariffs on Canadian agricultural products kick in
Chinese tariffs on Canadian agricultural products kick in
by  AFP

Chinese tariffs on Canadian products including rapeseed oil and pork come into effect Thursday, with an industry lobby warning the new levies will have a "devastating impact" on farmers. Canadian industry leaders have warned they would be hit hard by the fresh tariffs.

Nvidia chief confident chip maker can weather US tariffs
Nvidia chief confident chip maker can weather US tariffs
by  AFP

Nvidia boss Jensen Huang expressed confidence Wednesday that the artificial intelligence (AI) chip giant can handle US President Donald Trump's trade war. Nvidia is not expecting tariffs to significantly affect its financial performance in the short term, according to Huang.

Trump advances another LNG project, drawing environmentalist ire
Trump advances another LNG project, drawing environmentalist ire
by  AFP

President Donald Trump's administration advanced another major US natural gas export project on Wednesday, handing oil companies a win the same day as a White House meeting with industry executives. "It comes on the same day as Trump welcomes oil and gas industry donors to the White House to brag about the favors he's done them -– clear evidence of who this administration actually serves."

Argentina's Milei wins Congress green light for new IMF loan
Argentina's Milei wins Congress green light for new IMF loan
by  AFP

Argentina's Congress on Wednesday gave President Javier Milei the green light to reach a new IMF loan agreement, on top of the $44 billion Buenos Aires already owes the lender. The EFF serves to refinance Argentina's debt, to help it pay off the $44-billion loan negotiated under center-right president Mauricio Macri in 2018.

Kazakhstan copper producer pauses some operations after deadly accidents
Kazakhstan copper producer pauses some operations after deadly accidents
by  AFP

Kazakhstan's largest copper producer Kazakhmys said Wednesday it was temporarily halting some of its operations due to the "growing number" of industrial accidents at its production facilities. Kazakhmys says it is the world's 20th largest producer of copper concentrate, a processed form of copper ore that has been refined to boost its cooper content.

EU skewers Google, Apple over tech rules -- despite Trump threats
EU skewers Google, Apple over tech rules -- despite Trump threats
by  AFP

The European Union defied US threats of retaliation Wednesday by accusing Google of violating its digital rules -- which could trigger hefty fines -- and ordering Apple to make its iPhone interact better with rivals' devices. US prosecutors accused Apple of making it hard for its users to interact easily with Android phone users and with rival smartwatches.