Canada's monthly gross domestic product rebounded from three months of contraction to grow by 0.2 per cent in July as mining, manufacturing and wholesale trade boosted growth, data showed on Friday. Canada's GDP had shrunk in the second quarter by 1.6 per cent annualized and economists were closel
Adoption of Artificial Intelligence (Al) could help reducing trade costs, boost productivity and expand participation in global markets at a time of increasingly complex trading environment. The net result will be a boost in the value of cross-border flows of goods and services by nearly 40 per ce
Group of Seven nations' finance ministers discussed in a call on Friday further sanctions on Russia and possible tariffs on countries that they consider "enabling" its war in Ukraine, as the US called on its allies to impose tariffs on purchasers of Russian oil. Canadian Finance Minister Francois-
The yen fell broadly on Monday following news that Japanese Prime Minister Shigeru Ishiba had resigned, while the dollar was nursing losses after tumbling on a weak US jobs report that cemented expectations for a Federal Reserve rate cut this month. Focus for markets on Monday will also be on Fren
U.S. and European officials met at the U.S. Treasury Department on Monday evening to discuss various forms of economic pressure to exert on Russia, including new sanctions and tariffs on Russian oil purchases, a person familiar with the meeting told The Associated Press. The person, who spoke on t
The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) has been granted "Observer" status at the Asia-Pacific Group on Money Laundering (APG). It marks a significant milestone in BIMSTEC’s efforts to promote regional cooperation in combating money launde
US President Donald Trump said on Thursday his administration would impose tariffs on semiconductor imports from companies not shifting production to the U.S., speaking ahead of a dinner with major technology company CEOs. Since returning to office in January, Trump's threat of tariffs has alienat
Nearly 200,000 foreign tourists visited Sri Lanka in August 2025, according to the Sri Lanka Tourism Development Authority on Monday. The 198,235 arrivals marked a 20.4 per cent increase from August 2024, reports Xinhua. From January through August this year, total arrivals reached 1,566,523. Ind
The dollar was adrift on Monday as markets looked ahead to a raft of US labour market data this week that could determine the size of the Federal Reserve's expected rate cut later this month. Traders were also still assessing Friday's US inflation data and a court ruling that most of Donald Trump'
The U.S. tariff exemption for packages under 800 U.S. dollars ended on Friday. During a six-month transition, postal shippers can opt to pay a flat duty of 80 to 200 dollars per package, depending on the country of origin, according to officials of U.S. President Donald Trump's administration, rep
Indian exporters are bracing for disruptions after a US Homeland Security notification confirmed Washington will impose an additional 25 per cent tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation. Indian exports will face US duties of up to 50 per cent
US President Donald Trump has said that gold will be exempted from tariffs, leading to a material drop in gold futures prices. "Gold will not be Tariffed!" said Trump in a brief post on Truth Social on Monday. Gold futures prices, backed by bars shipped from Switzerland and other key trading and
Brazilian President Luiz Inacio Lula da Silva and Chinese President Xi Jinping have discussed the role of the BRICS group of states and bilateral business over a phone call, according to Lula's office and Chinese state media. The leaders spoke for an hour on Monday, agreeing on the role of the G20
