China has retaliated against US President Donald Trump's new 10% tariff on all Chinese goods by imposing its own tariffs on US imports, Nikkei Asia reports. The retaliatory tariffs, announced Tuesday, target a range of US products including coal, liquefied natural gas, crude oil, farm equipment, and vehicles.

OPEC+ has decided to maintain its current policy of gradually increasing oil production starting in April, according to Nikkei Asia. The group also removed the US Energy Information Administration (EIA) from the list of sources used to monitor its production and adherence to supply agreements. The decision comes after repeated

SoftBank Group and OpenAI have established a joint venture to introduce a new AI service in Japan, the two companies announced on Monday, according to Nikkei Asia. The move follows a recent partnership between the two entities to invest in AI in the United States. The new AI service, dubbed

Canadian manufacturing activity slowed in January as uncertainty surrounding US trade tariffs weighed on confidence, Reuters reported, citing an S&P Global survey. While the Purchasing Managers' Index (PMI) remained above the 50-point expansion threshold for the fifth consecutive month, the slowdown highlights the impact of President Biden&

The US manufacturing sector saw its first expansion in over two years in January, as reported by Reuters. However, economists warn that the sector’s recovery is uncertain, given President Biden's imposition of tariffs on goods from Mexico and Canada last Saturday. The US President stated on Monday

Federal Reserve officials are expressing growing concern over the inflationary impact of President Trump's recently announced tariffs, Reuters reports. In a series of public statements this week, several Fed officials indicated that the broad-based tariffs could significantly impact both consumer and producer prices. The Trump administration on Saturday

President Donald Trump has signed an executive order to establish a sovereign wealth fund for the United States, a move he first floated during his presidential campaign. The action, announced in the Oval Office on Monday, directs Treasury Secretary Scott Bessent and Howard Lutnick, the nominee for Commerce secretary, to

U.S. President Donald Trump has suspended his threat of imposing steep tariffs on Mexico and Canada, reaching a 30-day pause in return for concessions on border and crime enforcement, as reported by Reuters. However, tariffs on China are still set to take effect within hours. Both Canadian Prime Minister

Japan's core inflation in Tokyo, excluding volatile fresh food costs, has surged to a near year-high of 2.5%, bolstering market expectations for further interest rate hikes, as reported by Reuters. This marks the third consecutive monthly increase, matching the peak reached in February 2022. The rise, in

President Donald Trump announced Thursday that he will impose 25% tariffs on imports from Canada and Mexico, effective February 1st, citing the flow of fentanyl and large trade deficits as key reasons for his decision. The announcement, made during a press conference in the Oval Office, sent shockwaves through global