Economy · 15 d ago
Ukraine's steel makers say EU limits aimed at China hit them too
The EU now caps tax-free steel imports at 18.3 million tonnes a year, 47 per cent less than in 2024.
Economy
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The economy and business in short stories.
Economy · 15 d ago
IMF raises its growth forecast for sub-Saharan Africa
The International Monetary Fund now expects sub-Saharan Africa's economy to grow 4.5 per cent in both 2026 and 2027, raising its 2026 forecast by 0.2 percentage points from April.
Economy · 15 d ago
David Wright · CC BY-SA 2.0 · Wikimedia Commons
Europe heads into winter with gas storage low and prices at 2022 highs
Month-ahead gas at the Dutch TTF hub rose from US$944 to US$1,040 per 1,000 cubic metres in the week to Oct 17, above US$1,000 for the first time since 2022.
Economy · 15 d ago
IMF members call for more help for countries squeezed by wars and high energy prices
After a meeting in Bangkok, the IMF's steering committee said economic risks remain tilted to the downside.
Economy · 15 d ago
Carl Lender from Sunrise, USA · CC BY 2.0 · Wikimedia Commons
Power and borrowing costs, not chips, may now limit the AI boom, two bank reports say
Morgan Stanley estimates US data-centre developers face a 32-gigawatt power shortfall through 2028, about 34 per cent of what they will need.
Sunday, Oct 18
Economy · 17 d ago
Stellantis workers in Canada vote on a strike mandate as talks stall
The two-day strike vote ends Sunday, and Unifor will announce the results on Monday.
Saturday, Oct 17
Economy · 18 d ago
Bank of Canada - Banque du Canada from Canada · CC BY 2.0 · Wikimedia Commons
Macklem warns high energy prices will push the inflation forecast higher
Speaking Saturday in Bangkok at International Monetary Fund meetings, Bank of Canada Governor Tiff Macklem said no relief is in sight for global oil prices. He cited Houthi attacks on Saudi Arabia, damaged refining capacity in the Gulf and the closure of the Strait of Hormuz.
Economy · 18 d ago
EneasMx · CC BY 4.0 · Wikimedia Commons
Mexico expects US tariff relief on cars and steel despite stalled trade talks
Economy Secretary Marcelo Ebrard told Mexico's Chamber of Deputies he expects a cut in US tariffs on cars and steel "in the coming weeks or months". A fourth round of talks on the North American trade agreement, planned for September, was postponed.