World News by Wild Rose

During their three-day summit that ended on Friday, US President Donald Trump and Chinese President Xi Jinping worked overtime to underscore their increasingly close relationship even as the meeting produced few concrete deliverables. But the fact that the two economic and military giants are talking – and pledging to talk some more – suggests some period of relative stability ahead, certainly relative to last year’s all-out trade war, chest-thumping and market turmoil, said analysts, companies...

US & China have agreed to extend their trade-war truce by two months. Treasury Secretary Scott Bessent announced the deal as Chinese President Xi Jinping begins his first state visit to Washington in 11 years. Christopher Smart, founder and managing partner of the Arbroath Group spoke to Bloomberg’s Jennifer Zabasajja on Horizons Middle East & Africa about the significance of the visit. (Source: Bloomberg)

Announcement comes as Canada seeks a closer relationship with the EU amid a trade war with the US.

President Emmanuel Macron arrived in the French territory of Saint Pierre and Miquelon for talks with Canadian Prime Minister Mark Carney on Sunday, weeks after President Donald Trump posted an image showing the islands ‌covered by the US flag. Macron’s visit to the archipelago off Canada’s Atlantic coast is the first there by a French president since 2014 and comes as Canada seeks closer ties with the European Union amid an increasingly acrimonious trade war with the United States. Saint Pierre...

This is the latest step in Canada's bid to move closer to Europe amid bitter trade war with the US.

Momentum in Canada’s housing market stalled in August as trade talks with the US broke down and the countries levied new tariffs on each other’s goods.

Hundreds of investors overseeing nearly $120 trillion in assets will gather in Toronto for the Canada Investment Summit.

A growing consumer push to buy Canadian and boycott US products is ⁠reshaping supermarket shelves in Canada, forcing grocers to improve country-of-origin labelling and secure new sources of supply. In Ontario, the president of independent grocer Vince’s Market, Giancarlo Trimarchi, turned to social media to show customers that most produce on the shelves of his stores is Canadian after receiving angry emails and comments about the grocer stocking US produce. A bitter trade war between the United...

Chinese researchers have modelled a war game scenario suggesting that a complete economic decoupling between the US and China could, unexpectedly, yield dividends for most other nations. Using a quantitative trade model – a data-based economic framework that estimates how changes in trade affect economies – two researchers based in southern China’s Guangdong province found that if the world’s two largest economies were to sever trade relations entirely, a number of other countries, including...

Canada’s buy-local movement remains strong, but new tariffs could test how much more shoppers are willing to pay.

A Mega-Sena sorteia nesta terça-feira (8) prêmio estimado em R$ 70 milhões. As seis dezenas do concurso 3.055 serão sorteadas a partir das 21h (horário de Brasília) no Espaço da Sorte, em São Paulo. As apostas podem ser feitas até às 20h (horário de Brasília) em casas lotéricas credenciadas pela Caixa em todo o país ou pela internet, no site ou aplicativo da Caixa. A aposta simples, com seis dezenas, custa R$ 6. Notícias relacionadas:Mega-Sena acumula e próximo sorteio terá prêmio de R$ 70 milhões.No último concurso, foram sorteados os números  08 - 17 - 24 - 43 - 47 - 58 e nenhum apostador acertou as seis dezenas.

Canada's retaliatory tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the North American neighbors heats up. On Monday, Trump had threatened to block sales of Canada's Bombardier Aviation in the United States, unless the Quebec-based plane maker moves manufacturing to the US.

Canada's retaliatory tariffs of up to 50 percent on approximately $19.8 billion worth of US goods came into effect this Tuesday, further escalating the trade war between the two neighbours. At the same time, US President Donald Trump is threatening to ban sales of all Bombardier aircraft in the US, in spite of the Canadian company's deep web of US suppliers. Also in this edition: Iran raises the price of gasoline and French startup Mistral AI is now valued at €21 billion.

Canada's counter-tariffs on billions of dollars in US products took effect Tuesday, as a trade war between the two countries heated up. Ottawa's pushback comes weeks after US President Donald Trump imposed 50-percent tariffs on a similar value of Canadian products, over what Washington deemed as "discriminatory treatment" against US alcohol, automobile and dairy industries.

Canada is poised to impose tariffs of 15 per cent to 50 per cent on hundreds of products from the US on Tuesday, as Prime Minister Mark Carney bets that standing up to US President Donald Trump will eventually help Ottawa’s negotiating position with its biggest trading partner. Barring a last-minute reprieve, Carney’s government will increase the import tax on many US steel items to 50 per cent from 25 per cent and apply tariffs to a range of consumer items – motorcycles, cosmetics, cheese and...

US threats to punish Iran’s trade partners could disrupt Spain’s saffron supply, pressuring paella chefs and exporters.

Canada is set to impose new retaliatory tariffs of as much as 50% on US goods starting Sept. 8, targeting $27.6 billion of imports including steel, aluminum, pulp and paper, appliances and agricultural equipment. Bloomberg News Ottawa Bureau Chief Brian Platt tells Christina Ruffini and Jeff Mason on Bloomberg This Weekend that the broader economic impact may be limited, but businesses tied to integrated supply chains, tourism and cross-border commerce could face sharper consequences as the cycle of retaliation continues. (Source: Bloomberg)

The US may be the bigger trading partner, but Canada shouldn't be counted out quite yet in the escalating trade fight.

A delegation from the European Commission has been locked in talks with Chinese officials in Beijing, as the sides look to find a diplomatic off-ramp from a looming trade war before an October deadline set by Brussels. The EU team was spearheaded by Denis Redonnet, the bloc’s top trade enforcement officer, who was recently made point person on China trade policy – a recognition that in EU circles, talk of partnership has largely been usurped by rivalry and competition. Later this month, the...