Oil edges higher, but recession fears and US tariffs limit gains

Oil prices edged higher, helped by weakness in the dollar, although gains were capped as concerns mounted over a US slowdown and the impact of tariffs on global economic growth.Brent...

Stock markets extend losses as Trump’s tariffs hit global outlook

Major global stock markets extended losses on Friday on heightened concerns over the potential fallout from US President Donald Trump’s tariff agenda.US stocks slumped on opening with the NASDAQ falling...

Gold extends rally as investors seek cover from tariff risks

Gold scaled an all-time peak on Tuesday, extending its historic run above the $3,000 mark as global uncertainties exacerbated by rising trade tensions kept investors hooked on the popular safe-haven...

BMW sees earnings hit from US tariffs

German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros ($1.09 billion) this year, while European officials warned the US economy would be the biggest...

Things won't work

Trump metals tariffs draw swift retaliation from Canada and EU

President Donald Trump’s increased tariffs on all US steel and aluminium imports took effect on Wednesday, stepping up a campaign to reorder global trade in favor of the US and...

BoC likely to cut rates 25 bps to cushion economy from US tariffs

The Bank of Canada (BoC) will likely cut its benchmark rate by a quarter point on Wednesday to cushion the economy against US tariffs, several economists said.If the BoC delivers...

Canadian PM Mark Carney vows to fight US trade war

Canada’s new prime minister, Mark Carney, has vowed to take on Donald Trump and urged his country to unite in a defiant acceptance speech during a fierce trade war with...

Tariffs

US economic worries mount as Trump implements import tariffs

With his flurry of tariffs, government layoffs and spending freezes, there are growing worries President Donald Trump may be doing more to harm the US economy than to fix it.Since...