archiveWorld news

The United States has revised downwards the import duties to be imposed on India from 27 per cent to 26 per cent, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday, he held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union will now have to pay. The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and...

HONG KONG -- Asian shares slid further Friday after U.S. President Donald Trump's tariffs sent shudders through Wall Street at a level of shock unseen since the COVID-19 pandemic pummeled world markets in 2020. Everything from crude oil to Big Tech stocks to the value of the U.S. dollar against other currencies has fallen. Even gold, a traditional safe haven that recently hit record highs, pulled lower after Trump announced his “Liberation Day” set of tariffs,’ which economists say carries the risk of a potentially toxic mix of weakening economic...

Two thirds of Canadians back Conservative Leader Pierre Poilievre getting a national security clearance, and nearly as many support Liberal Leader Mark Carney disclosing the scope and scale of his investments he recently put in a blind trust, according to a new national poll.The opinion survey on the personal choices of these two leaders, conducted last weekend for The Globe and Mail and CTV News by Nanos Research, found 66 per cent of respondents wanted or somewhat supported Mr. Poilievre joining the other federal party leaders in obtaining this status...

Open this photo in gallery:The 407 toll highwayFred Lum/The Globe and MailPublic Sector Pension Investment Board is making its largest-ever investment in Canada with a multibillion-dollar deal to acquire a piece of Ontario’s 407 ETR toll road.In a series of transactions announced Thursday morning, Montreal-based engineering giant AtkinsRéalis Group Inc. ATRL-T said it was divesting its 6.76-per-cent stake in the toll road for nearly $2.8-billion. Spanish construction giant Ferrovial will buy most of that stake – 5.06 per cent – for $2.1-billion and Canada Pension Plan Investment Board will acquire...

It was the worst day yet in a scary stretch where the S&P 500 has swung more than 1%, up or down, seven times in eight days because of Trump’s on -and- off -again tariffs. The worry is that the whipsaw moves will either hurt the economy directly or create enough uncertainty to drive U.S. companies and consumers into an economy-freezing paralysis.Get Starting PointA guide through the most important stories of the morning, delivered Monday through Friday.The economy has already given some signals of weakening, mostly through surveys showing increased...