Economy

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Trump plans generic drug tariffs from 2028 with two-year delay testing U.S. onshoring push

Trump plans generic drug tariffs from 2028 with two-year...

The latest tariff salvo underscored Trump's goal of reshoring low-cost drug production,...

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Trump plans steep tariffs on generic drugs starting in 2028 to spur U.S. production

Trump plans steep tariffs on generic drugs starting in...

The phased schedule is intended to push generic drugmakers to move production onshore.

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India's inflation accelerates to 4.38% in June, exceeding forecasts

India's inflation accelerates to 4.38% in June, exceeding...

Inflation has risen for the eighth straight month in India, as food and energy prices...

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China widens Japan export curbs, targeting drone makers, nuclear firms and defense institutes

China widens Japan export curbs, targeting drone makers,...

China blacklisted four of Japan's government defense research institutes and placed...

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'Funflation' hits home: Why staying in isn't the cost-saver it used to be

'Funflation' hits home: Why staying in isn't the cost-saver...

Following a wave of price hikes, at-home pastimes like streaming movies or playing...

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Iran warns ships it's 'unacceptable and dangerous' to transit the Strait of Hormuz without their approval

Iran warns ships it's 'unacceptable and dangerous' to transit...

The stern warning underscores Tehran's resolve to retain control over the Strait...

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Trump pledges rapid U.S. response for Venezuela after historic earthquakes kill hundreds

Trump pledges rapid U.S. response for Venezuela after historic...

The swift U.S. offer of assistance reflects a degree of diplomatic realignment between...

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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows

Core inflation rate hit 3.4% in May, highest since October...

The personal consumption expenditures price index was expected to show a 4.1% annual...

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UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal

UN agency pauses Hormuz ship evacuation plan after first...

The pause follows a container ship being struck near the coast of Oman on Thursday,...

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Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery

Shipping rebounds in Strait of Hormuz one week after U.S.-Iran...

Shipping traffic through the strategically vital Strait of Hormuz is recovering...

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U.S. job creation cools in June with payrolls growth of just 57,000; unemployment rate at 4.2%

U.S. job creation cools in June with payrolls growth of...

Nonfarm payrolls were expected to rise by 115,000 in June and the unemployment rate...

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Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of Covid era

Job seekers giving up: Labor force participation rate falls...

A drop in the unemployment rate helped provide some upside to what was an otherwise...

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Christine Lagarde leaves door open to early ECB exit, as she mulls French politics

Christine Lagarde leaves door open to early ECB exit, as...

The European Central Bank's Christine Lagarde has declined to rule out an early...

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Import prices post surprise gain as costs of goods from China hit highest since 2008

Import prices post surprise gain as costs of goods from...

Import prices were up 0.3% for the month, as a drop in energy was more than offset...

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China consumer price growth weakens in June while producer inflation rises to near 4-year high

China consumer price growth weakens in June while producer...

Investors increasingly view China's two-speed growth with robust export and tepid...

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U.S. issues sweeping Iran oil sanctions waivers, unlocking billions in revenue for Tehran

U.S. issues sweeping Iran oil sanctions waivers, unlocking...

The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran...