Latest Business News
China Tops Global Growth Contributions at 30% Despite Headwinds
China's economy sustained stable growth amid unilateralism and protectionism, contributing about 30% to global economic expansion as a key driver. This role stabilized the world economy countering major challenges.
China Secures Favorable Outcome in US Tariff War
After US-initiated full-scale tariffs, China implemented proportional countermeasures and achieved the sole favorable negotiation result among major economies. This bolstered global economic stability.
Hainan Free Trade Port Launches Island-Wide Customs Operations
On December 18, Hainan commenced special customs operations to boost trade and opening up. Officials aim for it to spur foreign investment with duty-free zones for goods meeting 30% local value-added.
Canada Imposes 25% Tariffs on Steel Derivatives Effective December 26
Canada is applying 25% tariffs on steel derivative products from all countries starting today. This move addresses trade concerns in the steel sector.
New Zealand Concludes FTA with India to Double Trade
The pact eliminates or reduces tariffs on 95% of New Zealand's exports to India, with over half duty-free immediately. New Zealand pledged $20 billion investment in India over 15 years.
India Signs FTA with Oman Amid US Tariff Counters
India's second FTA in six months targets countering US tariffs, following a UK deal. Advanced talks continue with EU, New Zealand, and Chile.
Gold Prices Hit Historic Highs on Central Bank Demand
Robust demand from central banks and investors pushed gold to record highs. Silver prices rose about twice as fast due to supply-demand gaps.
Tech Giants Escalate AI Computing Power Investments
International tech firms ramped up computing infrastructure investments amid fierce AI competition, driven by policies and breakthroughs. This fuels global AI rivalry.
WTO and OECD Warn of 2026 Global Trade Headwinds
Policy volatility, tariffs, and slow investment set a challenging stage for 2026 trade. Risks include USMCA review, China slowdown, and sanctions; firms urged to diversify.
Russian Ruble Surges 45% as Top Currency vs USD in 2025
The ruble emerged as the top-performing major currency, trading near 78 per dollar despite sanctions and low oil prices. High rates and reduced forex buying fueled gains, though hurting export revenues.
Japan Revises Up Growth Forecast to 1.1% This Year
Japan expects 1.1% growth this fiscal year, up from prior estimates, due to milder US tariff impacts. Growth accelerates to 1.3% in 2026 on stimulus boosting consumption and capex.
US 43-Day Shutdown Disrupts Economic Data Publication
A record 43-day federal shutdown halted key data releases, impacting Fed decisions amid rising national debt challenges. This affected economic prospects.