513 articles
President Donald Trump confirmed that the US and Canada have reached a 'very fair' trade agreement, eliminating tariffs on American exports to Canada. The deal follows a suspension of planned 50% tariffs, with negotiations continuing on key issues like the automotive sector.
Unitree Robotics' shares skyrocketed in their Shanghai debut, lifting the company's market value to about $66 billion. The IPO marks a milestone for the humanoid robot industry in China, as investors bet on rapid growth in the sector.
Japan's Nikkei index plunged over 3% on August 14, falling below the 65,500-point mark. The decline reflects investor concerns over economic and geopolitical uncertainties, with analysts warning of potential further short-term losses.
US President Donald Trump announced a last-minute deal with Canada to postpone 50% tariffs on Canadian goods, just before the midnight deadline. The agreement also raises the possibility of reviving the Keystone XL pipeline.
Prime Minister Mark Carney and President Donald Trump spoke by phone as Canada sought last-minute negotiations to avoid new 50% U.S. tariffs effective Wednesday midnight, covering about $20 billion in imports. The tariffs risk job losses and business closures in sectors like lumber, wine, and dairy. Key disputes remain over auto tariff calculations, with Canada wanting North American content counted while Washington insists on U.S.-only content.
Iran's Rimdan Free Zone has set a target of $8 billion in annual trade, leveraging its strategic location near Pakistan and the Sea of Oman. The zone plans to expand infrastructure and attract foreign investment, but faces challenges from infrastructure gaps and regional competition.
Iran's non-oil exports reached $15 billion in the first half of 2026, a slight year-on-year increase, according to official customs data. Key exports included petrochemicals, steel, polymers, and agricultural goods, mainly destined for regional and Asian markets.
Canadian officials are in last-minute negotiations to avoid the 50% tariffs the U.S. plans to impose on Canadian goods starting Wednesday. If no deal is reached, roughly $20.2 billion in Canadian exports would be affected. Prime Minister Mark Carney describes the talks as delicate and tense.
A Bank of Korea report released on August 13 finds that youth employment in AI-exposed sectors has fallen sharply since generative AI chatbots emerged. The decline is most evident in finance, insurance, IT, and administrative services, prompting calls for reskilling and social safety nets.
Japan's GDP grew 0.3% in the second quarter, missing forecasts of 0.5%, as consumer spending and capital investment stalled. The slower growth could affect the Bank of Japan's upcoming rate decision.
