Global Economy and Trade

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News

European Central Bank Holds Interest Rate at 2.25% as Investor Confidence Turns Positive

The European Central Bank kept interest rates at 2.25% in its July meeting, while the Sentix Investor Confidence Index recorded a positive reading for the fourth consecutive month.

8/22/2026
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US-China Trade Drops 30% as Chinese Goods Flood European Markets

Bilateral trade between Washington and Beijing dropped by about 30%, while Chinese exports are flowing into Europe in massive volumes, sowing the seeds of new trade tension between China and the European Union.

8/22/2026
News

Washington Designates Two UAE Exchange Companies on Sanctions Lists for Supporting Iranian Banking Network

In August 2026, the US Department of the Treasury designated two UAE exchange companies for supporting the Iranian Rahbar banking network, marking a first-of-its-kind precedent at this level.

8/22/2026
News

إعصار وإضرابات وقنوات مغلقة تُهدّد موسم الشحن العالمي قبيل الربع الرابع

تتقاطع أربعة ضغوط متزامنة: اختناق 2.4 مليون حاوية في موانئ الصين، وقيود قناة بنما (سبتمبر)، وأدنى مستويات الراين، وإضرابات الموانئ الألمانية.

8/21/2026
News

Maersk and CMA CGM Carriers Return to Suez Canal Despite Houthi Attack Killing 6 Sailors

Major shipping companies returned to crossing Bab el-Mandeb a week after the deadliest Houthi attack in over a year, attempting to free 2.4 million containers stranded due to the China typhoon.

8/21/2026
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Washington Imposes 50% Tariffs on Canadian Goods Tuesday — As Negotiations Stall

U.S. tariffs of 50% on over $20 billion worth of Canadian goods will take effect on Tuesday, as talks between Washington and Ottawa fail to reach an agreement.

8/18/2026
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Trump Extends 125% Reciprocal Tariff Freeze for an Additional 90 Days

Trump extended the freeze on 125% reciprocal tariffs for 90 days, following the imposition of tariffs between 10% and 12.5% on over 60 countries covering $949 billion in imports.

8/15/2026