5,932 events tracked
economic · economic
Canada is facing new US import penalties after Prime Minister Mark Carney refused to match US tariffs on China. Other countries are watching as the Trump trade clash turns into a fight over economic sovereignty.
economic · economic
UK urged to act 'comprehensively' against Israel's settlement plans Submitted by Imran Mulla on Tue, 09/01/2026 - 10:53 Labour Muslim Network and International Centre of Justice for Palestinians publish briefing in response to E1 settlement project Britain's Prime Minister Andy Burnham pictured in July (AFP) Off The Labour Muslim Network (LMN) and International Centre of Justice for Palestinians (ICJP) have published a legal briefing urging the British government to act "urgently and comprehensively" in response to Israel 's E1 settlement project . The briefing, entitled "Priority Measures for UK Policy on Palestine", comes as Andy Burnham's government is expected to announce a raft of new measures on Israel this month. Foreign Secretary Ed Miliband said last month that the government would announce "measures" against Israel over the new E1 settlement project east of Jerusalem that would effectively cut the occupied West Bank in two. The LMN, a group within the Labour Party, told Middle East Eye: "The Israeli government’s E1 settlement project could destroy the future of a viable Palestinian state. "Settlement expansion, settler violence and terrorism, and the forcible displacement of Palestinian communities in the West Bank are accelerating on a daily basis." The LMN added: "The UK government and the international community as a whole must act urgently and comprehensively in response to this destructive proposal before potentially irreversible damage is done." Last month, MEE reported that Burnham's government is poised to announce a raft of new policies on Israel in September, including a ban on goods from illegal Israeli settlements. Miliband in particular is pushing for stronger measures and has been consulting a range of civil society organisations, MEE understands. Andy Burnham should not cave to right-wing attacks on Ali Milani Read More » But pro-Israel groups are campaigning for the government to weaken its policies and not implement a full ban on the import of settlement foods. The briefing by the LMN and the ICJP, published on Tuesday, says: "The legal framework governing the settlements is firmly established in international humanitarian law, including treaties to which the UK is a party. "The UK is required not only to respect international humanitarian law but also, under Common Article 1 of the Geneva Conventions, to ensure respect for it in all circumstances." It adds: "The UK Government should establish a robust and tangible policy approach to Israel’s illegal settlement enterprise", including a "full ban on British citizens and businesses conducting economic and financial activities in illegal Israeli settlements as well as in activities that assist the wider illegal settlement economy". UK should 'press for Security Council resolution' Labour Friends of Israel (LFI), a lobby group within the Labour Party, published a report earlier this month apparently justifying some illegal Israeli settlements in occupied Palestine and urging the British government not to ban goods produced by them. LFI is believed to count more than 70 MPs as affiliates, although it no longer keeps a public list. Burnham is under significant pressure from Labour backbenchers to ban trade with illegal Israeli settlements. Polling of Labour members earlier this year showed that a staggering 87 percent support a ban on trade with Israeli settlements, with only six percent opposing it. The LMN and ICJP briefing further argues that the Foreign Office "should report periodically to Parliament on the status of religious sites in the [occupied Palestinian territories] and on violations, restrictions and intimidation affecting worshippers and clergy of all faiths, so that the erosion of the status quo and the persecution of Muslim and Christian Palestinians are placed on the public record and can inform sanctions and other policy decisions". Exclusive: UK to announce raft of new policies on Israel including settlement goods ban Read More » It adds that "the UK should press for a Security Council resolution providing for international observers to monitor violations of religious rights and of the status quo at the holy sites of Jerusalem". Another key issue the Burnham government could consider movement on is arms sales. In September 2024, the newly elected Starmer government suspended around 30 export licences for UK-made arms after assessing there was a "clear risk" the items could be used in Gaza in serious violations of international humanitarian law. The licensing of UK-made F-35 components exported directly to Israel was suspended. Significantly, however, parts sent to a global F-35 programme spare parts pool that could end up in Israel were exempted. UK-made F-35 components make up 15 percent of every F-35, one of the world's most sophisticated fighter jets, which Israel used extensively in its campaign in Gaza, as well as in Lebanon and Iran. The briefing argues that since the UK is party to the Arms Trade Treaty, the government should "suspend all remaining arms export licences to Israel" and "suspend licences for F-35 components entering the global supply chain where UK-origin components could ultimately support Israeli military operations". UK Politics News Post Date Override 0 Update Date Mon, 05/04/2020 - 21:19 Update Date Override 0
economic · economic
US stock futures skidded on Tuesday, with traders bracing for interest-rate hikes as renewed Middle East tensions lifted oil prices and bond yields, stoking inflation fears.
economic · economic
US equity futures and global bonds fall as higher oil prices fuel inflation concerns and bets that central banks will raise interest rates in September. Two oil supertankers were struck by projectiles while attempting to exit the Strait of Hormuz. US Army Secretary Dan Driscoll resigns after clashing with Defense Secretary Hegseth. Anthropic agrees to a $35 billion computing deal with Lambda, a cloud provider backed by Nvidia. Wei Li of BlackRock discusses the risks and income opportunities within the fixed income market. (Source: Bloomberg)
economic · economic
President Donald Trump dismissed concerns that the conflict in Iran was draining American firepower as clashes resumed in the on-again off-again hostilities that have stretched more than six months, with neither side willing to restart negotiations to end the war. Global bond yields climbed back to the highest level in almost two decades as rising oil prices fueled inflation concerns and investors ramped up expectations that the Federal Reserve will raise interest rates. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Tom Mackenzie. (Source: Bloomberg)
economic · economic
Krishna Guha, vice chair and head of central bank strategy at Evercore ISI, sees inflation, oil prices, and bond yields being of more importance to the Federal Reserve than US jobs data in determining whether to raise interest rates at this month’s meeting. (Source: Bloomberg)
economic · economic
Explore the latest data through interactive charts
economic · economic
ECB expected to lift interest rates next week as higher energy prices bite
economic · economic
Kevin Warsh gave a hawkish speech at this year's annual Kansas City Fed Symposium in Jackson Hole, but that doesn't mean the challenges are over. Will the Fed actually pull the trigger on rate hikes? What happens if the central bank doesn't act quickly enough to curb inflation? And how exactly will the new chair leave his mark on the Fed? We speak with Adam Posen, president of the Peterson Institute for International Economics, who gives us his take on the direction of monetary policy and grades Warsh's speech. We also discuss why high inflation in the US is different than other countries, how the Treasury's wading into the bond market affects Fed independence, which of the Fed task forces might be the most impactful, the "messy jobs" theory of AI, and what Warsh really means when he says he wants the FOMC to have a “good family fight.” See Odd Lots Live in LA September 2026 https://events.bloombergevents.com/event/ODDLOTSLA/summary (Source: Bloomberg)
economic · economic
Chairman Kevin Warsh gave a hawkish speech at this year’s annual Kansas City Federal Reserve Bank Economic Policy Symposium in Jackson Hole, but that doesn’t mean the challenges are over. Will the Fed actually pull the trigger on rate hikes? What happens if the central bank doesn’t act quickly enough to curb inflation? And how exactly will the new chair want to leave his mark on the Fed? In this episode, we speak with Adam Posen, president of the Peterson Institute for International Economics, w
economic · economic
Why China-Egypt cooperation has nothing to do with great-power rivalry Submitted by Nelson Wong on Mon, 08/31/2026 - 16:06 The zero-sum geopolitical reading, framing Xi's visit as a calculated bid to undermine Washington, overlooks the core economic reality Vehicles drive beneath a portrait of Egyptian President Abdel Fattah al-Sisi and his Chinese counterpart, Xi Jinping, in Cairo on 31 August 2026 (Khaled Desouki/AFP) On As China ’s president conducts a landmark state visit to Egypt to mark 70 years of diplomatic ties , western commentary has once again framed the engagement through a familiar lens: a calculated bid to expand Beijing’s regional influence at Washington’s expense. This zero-sum geopolitical reading overlooks the core reality shaping Sino-Egyptian relations. The partnership is driven not by great-power competition, but by decades of grounded, results-driven economic cooperation that directly serves Egypt’s domestic development priorities. To reduce the visit to the framework of the US -China rivalry ignores the tangible industrial, infrastructural and technological Sino-Egyptian progress, while dismissing Cairo’s own economic strategy to diversify its global partnerships. Unlike transactional geopolitical alliances that dominate Mena diplomacy, Beijing understands ties with Egypt to be anchored in practical, long-term economic collaboration tailored to Cairo’s most pressing developmental needs. The most prominent example is the Teda Suez Economic and Trade Cooperation Zone , one of China’s most successful Belt and Road industrial hubs in the Mena region. After years of steady expansion, the zone now hosts around 200 enterprises spanning manufacturing, new materials, textiles and logistics, drawing more than $3.8bn in investments. The zone has created 10,000 direct jobs , according to official data, and supported more than 80,000 indirect employment opportunities across Egypt’s industrial and service sectors, generating steady tax revenues for the national treasury. Crucially, the zone is not a symbolic political project: it has helped Egypt localise industrial supply chains, reducing reliance on imported manufactured goods, while boosting export capacity across Africa and the Middle East. Filling structural gaps Transport and urban infrastructure cooperation has delivered equally transformative on-the-ground outcomes. The 10th of Ramadan light rail project, a key Sino-Egyptian joint venture, connects central Cairo with the New Administrative Capital and eastern suburban industrial zones. The line has eased crippling urban traffic congestion, cut commuting times for hundreds of thousands of residents, and underpinned the orderly expansion of Egypt’s new capital district . These infrastructure investments are filling gaps that traditional western donor programmes have long overlooked in favour of security-focused aid. In recent years, cooperation has rapidly expanded into high-growth, future-oriented sectors, forming a new pillar of bilateral economic ties. Seventy years of Sino-Egyptian diplomatic relations have evolved from political friendship into substantive, people-focused economic interdependence One such project is the Obelisk solar-storage integrated project , Egypt’s largest utility-scale photovoltaic and energy storage facility, now powers approximately 1.6 million local households with clean, affordable electricity. Built with customised technology adapted to Egypt’s harsh desert climate, the project bolsters the country’s renewable energy transition and helps stabilise its overstretched national power grid. In the digital and high-tech industries, the two sides have signed five key memoranda of understanding covering optical cable manufacturing, software outsourcing, semiconductor research and data-centre construction, alongside a dedicated $300m tech investment fund. These agreements support Egypt’s goal of building a domestic digital economy and upgrading its high-tech industrial ecosystem. Even cross-cutting strategic projects carry clear economic, rather than geopolitical, purposes. The EgyptSat-2 satellite , launched with Chinese technical support in 2023, provides Egypt with independent high-resolution remote sensing capabilities. The technology supports domestic agricultural planning, urban construction, disaster prevention and resource management, strengthening Egypt’s self-sufficiency in critical spatial data infrastructure. Complementing these tech initiatives, the planned $2bn China-Egypt trade city project envisions an integrated commercial and logistics hub spanning several million square metres, which would enhance Egypt’s role as a regional trade gateway linking Africa, the Middle East and Eurasia. Balanced foreign policy This track record of pragmatic economic delivery explains why the “US-China rivalry” framework fails to reflect local realities. Washington’s traditional Middle East engagement has centred on military partnerships, security assistance and geopolitical containment, with economic cooperation often secondary and conditional on political alignment. By contrast, Chinese investment in Egypt is purely development-focused, free of ideological strings or bloc-political demands. Every major joint project responds to publicised Egyptian government priorities: industrial localisation, renewable energy transition, urban modernisation, and digital economy upgrading. Cairo’s balanced foreign policy further undermines the side-taking narrative. Egypt has consistently refused to be drawn into great-power competition, viewing Chinese partnership as a complementary addition - not a rival alternative - to its existing western ties. Why Egypt is seeking new financial allies in the east Read More » Chinese industrial investment fills structural gaps left by traditional western capital, which tends to favour energy and financial sectors while neglecting grassroots manufacturing and infrastructure upgrades. Deepening Sino-Egyptian economic cooperation ultimately strengthens Egypt’s strategic autonomy, enabling it to pursue a more diversified, resilient national economy, with greater room for independent policymaking. Of course, China’s growing economic footprint in Egypt brings practical challenges, including local industrial competition, technology transfer expectations, and project management coordination. But these are normal technical and commercial frictions between long-term economic partners, not symptoms of great-power rivalry; they are resolved through bilateral working groups and iterative project adjustments. Ahead of Chinese President Xi Jinping’s visit, the core agenda was unmistakably economic . Any regional security coordination discussed during the trip will serve the ultimate goal of stable development, as regional peace is a prerequisite for sustained economic investment and growth. Seventy years of Sino-Egyptian diplomatic relations have evolved from political friendship into substantive, people-focused economic interdependence. To frame this presidential visit as a US-China contest does a disservice to both countries’ strategic agency, and ignores years of tangible development gains for Egyptian communities. This visit is not about rivalry or dominance. It is about consolidating a proven, pragmatic economic partnership, supporting Egypt’s modernisation agenda, and building a more stable, prosperous regional economic landscape free from zero-sum great-power logic. The views expressed in this article belong to the author and do not necessarily reflect the editorial policy of Middle East Eye. Economy Opinion Post Date Override 0 Update Date Mon, 05/04/2020 - 21:29 Update Date Override 0
economic · economic
A cold winter would leave Europe "challenged" due to the knock-on effect of the Iran-US war on energy supply shortages and higher prices, according to Ole Hansen, head of commodity strategy at Saxo Bank. He speaks on Bloomberg Television. (Source: Bloomberg)
economic · economic
François Picard is pleased to welcome Rana Mitter, historian, author and ST Lee Chair in US-Asia Relations at the Harvard Kennedy School. He sees the significance of the Shanghai Cooperation Organization as it pertains to the evolution of a changing international system. Once largely a symbolic vehicle for China and Russia to signal their distance from a US-led order, the SCO is quickly becoming a forum in which Asian powers increasingly coordinate around the material foundations of security: energy, technology, infrastructure and trade.
economic · economic
While gas futures traded at around $709 per 1,000 cubic meters on July 31, trading closed at about $840 on August 31
economic · economic
Japan’s 10-year government bond yield touched 3% for the first time this century, an important milestone for a debt market that is returning to normality after benchmark borrowing costs languished near zero for years.
economic · economic
Australian home prices fell for a fifth month in August in the biggest downturn since the pandemic, and there is further pain ahead as stubborn inflation puts upward pressure on interest rates. Figures from property consultant Cotality released on Tuesday showed national home prices fell 0.9 per cent in August from July, when they dropped 1.2 per cent. Sydney and Melbourne again led the monthly decline with falls of 1.4 per cent and 1.1 per cent, leaving prices down about 7 per cent from their...
economic · economic
Gold prices held steady as traders navigated heightened tensions in the Middle East and awaited pivotal labor data from the US. This economic data is expected to shape the market's forecast regarding Federal Reserve policy moves. With a 65% likelihood of a rate increase in September, market eyes are keen.
economic · economic
Australia’s benchmark sovereign bond yield rose to its highest level in 15-years as a global selloff deepened and traders increased bets that the Reserve Bank may need to hike interest rates again soon.
economic · economic
The yen stabilized near 160 against the dollar on Tuesday. US Treasury Secretary Scott Bessent urged the Bank of Japan to raise rates. Currency markets watched renewed Middle East conflict and rising oil prices. Traders anticipate a potential Federal Reserve rate hike in September. Investor attention focuses on upcoming economic data this week.
economic · economic
Bloomberg's Anthony Stephens says the price of oil has become one of the movers of shorter-duration Treasury yields. He speaks as rising oil prices are bolstering expectations that the Federal Reserve will hike interest rates. (Source: Bloomberg)
economic · economic
US Treasury Secretary Scott Bessent says he believes Japan’s government and central bank will take action that leads to a stronger yen, signalling a strong chance of a Bank of Japan (BOJ) interest rate hike in September. The remarks to CNBC on Monday followed those by Bessent a day earlier, when said he expected BOJ Governor Kazuo Ueda to “do the right thing” on monetary policy to combat yen declines. “I have information that the market doesn’t have, and it’s my belief that the Japanese...
economic · economic
Canara Bank recovered all dues totaling ₹510 crore from Rajesh Exports. This recovery followed an order by a debt recovery tribunal. The bank initiated this action after the company blocked other recovery attempts. Rajesh Exports faced allegations of financial misrepresentation from SEBI. The bank was the largest creditor for the gold and jewellery exporter.
economic · economic
As of October first, banks will bear the new burden of overseeing cross-border payment transactions. They are required to confirm the validity of service contracts and foreign entities involved. Furthermore, banks will also be tasked with tracking export revenues and handling overdue export bills, creating a challenging landscape in service imports and exports aimed at curbing money laundering and suspicious trading practices.
economic · economic
The European Union will suspend imports of Brazilian meat and other animal products from Thursday, citing concerns over Brazil’s compliance with EU rules on antibiotic use in livestock. The move affects poultry, beef, eggs and honey, with Brussels offering no timeline for when trade can resume.
economic · economic
Gold steadied after a two-day drop as the US and Iran exchanged strikes for the first time in a month, raising the odds of rising energy costs pushing up inflation and pressuring the Federal Reserve to lift interest rates.
economic · economic
US Treasury Secretary Scott Bessent’s interventionist summer has already led to pushback and questions about his credibility in financial markets. Now he faces a test with global peers. Ahead of the meeting of Group of 20 finance ministers in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among the world’s top economic policymakers to the core subject of boosting growth. The challenge for Bessent in selling this message is that the biggest threats to global growth this year have come from the high energy prices and other consequences of President Donald Trump’s war on Iran, as well as the impact of US tariffs that are again in focus with the launch of a new trade war against fellow G20 member Canada. Bloomberg Senior Economics Writer Shawn Donnan joins Bloomberg Businessweek Daily to discuss. He speaks with Tim Stenovec and Kristine Aquino. (Source: Bloomberg)
economic · economic
Japan’s auction of 10-year government bonds on Tuesday will test demand for this key maturity as yields approach the milestone of 3% and investors position for an interest rate hike from the central bank.
economic · economic
Stocks in Asia are set to follow Wall Street lower as renewed geopolitical tensions lifted oil prices, reviving inflation concerns and the prospect of further monetary tightening.
economic · economic
US stocks declined on Monday as oil prices surged. This jump revived inflation concerns and increased monetary policy tightening expectations. Investors processed hawkish comments from Federal Reserve Chair Kevin Warsh. Despite the day's losses, major indexes posted monthly gains for August. Financial markets anticipate a potential rate hike at September's meeting.
economic · economic
JPMorgan Chase traders are now tactically cautious on US stocks for upcoming weeks. This shift follows Federal Reserve Chairman Kevin Warsh's hawkish comments on interest rates. Traders cite uncertainty over rate outlook and potential AI stock unwinding as key risks. Despite near-term caution, the broader market backdrop is expected to remain supportive. Economic data and corporate earnings will influence market direction in the coming period.