The dollar plunged on Thursday after US President Donald Trump threatened higher unilateral tariffs on trade partners, and oil see-sawed as traders evaluated the probability behind reports that Israel could be gearing up to strike Iran.

Canada’s economy is stuck in a state of “suspended animation,” with major new investments largely on hold, but may start to recover in the coming months, according to the head of one of the country’s largest banks.

Armenia's foreign trade turnover experienced a significant 53 percent decline in the first four months of 2025 due to changes in Russian tariff policies affecting the import and export of gems and precious metals.

National Statistics revealed that the UK economy contracted by 0.3 per cent in April, marking the worst monthly drop since October 2023

If a handshake agreement holds, it will merely undo some of the damage from the trade war that President Trump started.

China returns to trade talks with the U.S. holding, from its view, a strong hand: Its economy is bearing up better than expected. And it has an ace card: rare earths.

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Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.

Britain’s economy shrank by the most in nearly two years in April, when President Donald Trump’s tariffs also caused UK goods exports to the United States to fall by a record amount.

Beijing is arguably in a stronger position than Washington, as it can navigate shortages in advanced chips better than the U.S. can do without rare earths.

President Donald Trump’s trade wars are expected to slash economic growth this year in the United States and around the world, the World Bank forecast Tuesday