Bank of Canada Moves to Support Economy The Bank of Canada lowered its key lending rate to 2.5% on Wednesday, down from 2.75%, in a move aimed at easing pressure on borrowers. The decision follows months of tariff uncertainty as U.S. President Donald Trump’s trade policies weigh heavily on Canadian industries. By cutting rates, policymakers…
AI Demand Drives Surge in Overtime Hours Taiwan’s electronics component industry reported its highest-ever overtime levels in July, fueled by the global boom in artificial intelligence applications. According to the Directorate General of Budget, Accounting and Statistics (DGBAS), employees in the sector averaged 27.7 overtime hours—the highest for July since records began in 1980. The…
A Long-Delayed Agreement Finally Signed India and the United Kingdom signed their Comprehensive Economic and Trade Agreement (CETA) on July 24, 2025. The pact lowers tariffs on whisky, gin, and automobiles, while leaving politically sensitive areas like agriculture and legal services largely untouched. For both sides, the deal is as much about navigating domestic politics…
Trump’s Legal Battle Over Tariffs The sweeping tariffs that President Donald Trump imposed during his second term are facing a major legal challenge. A recent federal appeals court ruling found that Trump unlawfully used the International Emergency Economic Powers Act (IEEPA) to impose these duties on several countries. The court’s decision, if upheld, could have…
EU Leaders Stand Firm on Their Right to Make Rules The leaders of France and Germany have made it clear that they are all against recent threats from former U.S. President Donald Trump about Europe’s technology laws. French President Emmanuel Macron and German Chancellor Friedrich Merz stood up for the EU’s right to make its…
New Furniture Tariffs Announced by President Trump In a notable development on the global trade front, President Donald Trump has announced that the United States will be imposing new tariffs on furniture imports. The president made the announcement via his Truth Social platform, stating that furniture coming from other countries would be “tariffed at a…
A Decline in Presidential Approval U.S. President Donald Trump’s approval rating has fallen to the lowest level recorded during his second term in office, according to a recent Pew Research Center poll. The poll, which surveyed 3,554 U.S. adults in August 2025, found that Trump’s approval rating is now at 38%. This marks a nine…
Ripple’s $3 Million Bet on Doppler Ripple has made headlines once again by investing $3 million into Doppler Finance, a protocol built to unlock XRP Ledger’s untapped liquidity. The seed round, announced August 7, 2025, was led by Reforge VC with participation from DCG and Hashkey Capital. Ripple aims to mobilise the $200 billion in…
A Resilient Second Quarter for the UK Economy Britain’s economy performed better than expected in the second quarter of 2025, weathering the impact of new US tariffs and a higher UK business tax. Official data from the Office for National Statistics (ONS) showed that gross domestic product (GDP) grew by 0.3% in the April-June period.…
A 39% Tariff Slams the Swiss Watch Industry The U.S. government has officially implemented a significant 39% tariff on imports from Switzerland, a move that is set to send shockwaves through the global watch industry. This decision came into effect at midnight on Thursday in the U.S. after a diplomatic trip by Swiss officials to…
