Algoma Steel to lay off 1,000 workers over ‘unprecedented tariffs’
Descrease article font size Increase article font size Algoma Steel said Monday that it plans to lay off…
Despite US trade war, OECD expects global economy will grow 3.2% this year
WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade…
India’s strong economic growth impresses amid doubts on ‘overstated’ data
The better-than-expected growth of India’s economy, driven by strong performance in the domestic consumer and manufacturing sectors, highlights…
Global growth resilient, but could be tested next year, OECD says
Global growth is holding up better than expected as an artificial intelligence investment boom helps offset some of…
US confirms South Korea’s 15% tariff rate retroactive to November 1
U.S. Commerce Secretary Howard Lutnick on Monday confirmed that the general tariff rate on imports from South Korea,…
Tax rises and tighter spending to hold back UK growth, OECD says
Nick EdserBusiness reporter Getty Images Tax rises and constraints on government spending will weigh on growth in the…
Cyclone-ravaged Indonesia to suffer $4bn hit from floods, think tank says
An aerial view of a village in Batang Toru, North Sumatra, on Dec. 2 after flash flooding receded. Three Indonesian provinces…
U.S. holiday shoppers shake off economic blues for online spending spree
U.S. consumers shrugged off worries about the economy after their Thanksgiving dinners and went on a $23.6 billion…
World shares mostly gain after Wall St sees first decline in 6 days
BANGKOK (AP) — World shares were mixed on Tuesday after U.S. stocks gave back some of last week’s…
Harbour Energy to axe 100 offshore jobs amid windfall tax pressure
Oil and gas firm Harbour Energy (HBR.L) is to cut around 100 offshore North Sea jobs, amid pressure…
Resilient in face of Trump tariffs, world economy is forecast to grow 3.2% this year, OECD says
WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade…
Nominal GDP slowdown rings alarm despite strong 8.2% real growth: CareEdge’s Rajani Sinha
India’s headline GDP growth surged to 8.2%, far above expectations, but the celebration is tempered by the sharp…