Residents can now possess and share up to 30 grams of the drug in public Canada has embarked on one of its most ambitious public and economic experiments in decades, with adults now able to buy marijuana legally. Canadians in Newfoundland in the east were the first to have legal ... Read More »
President adds to borrowing costs concern as China tension fuels febrile market mood A jittery, volatile week on global financial markets has burst into a frenzy of selling, triggered by heavy losses on Wall Street and comments by Donald Trump describing US interest rate hikes as “crazy”. The Nikkei index ... Read More »
New deal will be called the United States-Mexico-Canada Agreement, or USMCA Canada and the US have reached a deal to resurrect a free trade agreement with Mexico, a replacement for the Nafta deal which Donald Trump had campaigned against and described as a job-killing disaster. The deal was reached just ... Read More »
Asian shares stumbled in holiday-thinned trading on Monday as China’s decision to cancel talks with the United States reinforced fears of a protracted trade war with neither side willing to back down. Oil prices jumped after top producers ruled out boosting crude output. U.S. stock futures were a touch weaker ... Read More »
Washington unhappy with speed of negotiations launched to prevent potential transatlantic tariffs Trade negotiations launched to prevent a transatlantic tariffs war between the EU and US must go faster, Washington is said to have demanded. Donald Trump agreed in July not to impose proposed border taxes on European firms while ... Read More »
Turkish President Recep Tayyip Erdogan, embroiled in a bitter dispute with the U.S., a NATO ally, contended Sunday the plunging value of his country’s lira currency amounted to a “political plot” against Turkey. Erdogan, speaking to political supporters in the Black Sea resort of Trabzon, said, “The aim of the ... Read More »
Companies told to ignore White House demands to drop all business with Iran The EU has launched an attempt to protect European businesses from Donald Trump’s sanctions against Iran as the US administration voiced its intent to apply maximum pressure on Tehran by vigorously applying its punitive measures. The sanctions ... Read More »
Trump administration reportedly considering additional tariffs on $200bn worth of Chinese goods China has accused the US of “blackmail” as the Trump administration considers more than doubling its proposed tariffs on Chinese goods amid an escalating trade war. President Donald Trump is reportedly considering upping his proposed tariffs on $200bn ... Read More »
– Oil prices were stable on Wednesday, but were below the more than three-year highs reached the previous session as rising U.S. fuel inventories and production weighed on an otherwise bullish market. Brent crude oil futures LCOc1 were at $73.89 per barrel at 0455 GMT, up 3 cents from their ... Read More »
Russia’s main share index crashed 11 per cent on Monday after the US imposed new sanctions on oligarchs and companies linked to Vladimir Putin. Aluminium giant Rusal, which is controlled by Oleg Deripaska, halved in value on the Hong Kong stock exchange on Monday, while EN+, a holding company also ... Read More »
Lebanese Ministry of Information