Finance and Economics
Rice Prices in Japan Surge by Record 98.4% Over the Year
The historic price spike is driven by crop failures, heatwaves, and growing tourist demand.
The historic price spike is driven by crop failures, heatwaves, and growing tourist demand.
The United Kingdom, Canada, and France condemn Israel’s refusal of humanitarian aid and signal potential sanctions.
Washington has announced measures against the Iranian company Fuya Pars and three of its employees linked to defense developments.
An agreement to reduce duties between the US and China will take effect on May 14 for 90 days to stabilize trade relations.
Warren Buffett will step down as head of Berkshire Hathaway at the end of this year. His company is valued at $1.16 trillion, while Buffett remains its largest shareholder and investor.
U.S. President Donald Trump has announced a major tax relief program for Americans, including the elimination of taxes on tips, overtime, and pensions, while simultaneously increasing pressure on Iran and China.
According to Lending Tree, 25% of Americans purchase groceries on credit. 41% reported missed payments. Experts link this to inflation and financial hardship.
According to SIPRI, global military spending rose by 9.4% in 2024 to $2.718 trillion. The US, China, Russia, Germany, and India accounted for the majority of expenditures.
Markets rattled over concerns about central bank independence.
Markets flee to safe assets as Fed chairman faces criticism.
Foreigners will be able to obtain a five-year residence permit for $200,000 without unnecessary bureaucracy.
The last tanker arrived in China in February. Deliveries have been frozen due to escalating tensions.
Washington offers tariff relief in exchange for limiting China's access to foreign markets. Beijing is ready for dialogue under conditions of respect.
Smartphones, computers, and chips are temporarily excluded to avoid price hikes and protect tech giants.
Despite promises to cut costs, the Trump administration has outpaced Biden’s figures. The DOGE agency is failing its task.
The sides are discussing replacing current tariffs with minimum prices to ease trade tensions and ensure fair competition in the electric vehicle market.
China’s introduction of a 34% tariff on US oil imports, in response to the US raising tariffs on Chinese goods, will lead to a significant reduction in US oil exports to China.
US-China trade war increases risk of global fragmentation
Rate raised to 125% for Beijing over "display of disrespect"
Bessent stated it would be “a blow to itself”
Crude hits three-year lows amid OPEC+ output boost and global trade tensions.
Harsh measure triggers stock sell-off and heightens fears of a trade war.
The U.S. president says trade rivals are ready to make concessions in exchange for lifting tariffs.
The administration overestimated the economy’s resilience — tariffs could be repealed within a month.
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