The Enduring Influence of Traditional Banking Families
Traditional banking families remain influential even in today’s digital and decentralised era, preserving historical trust, discipline, and long-standing financial relationships. Their legacy continues to shape global economic stability and governance.
Tariffs catch up to resurgent Build-A-Bear, overshadowing financial performance
Rising tariffs are beginning to weigh on Build-A-Bear just as the company shows renewed momentum. The added costs threaten to overshadow its recent financial gains.
IMF urges China to address economic imbalances as trade surplus hits $1 trillion
China’s trade surplus has surged past $1 trillion, prompting the IMF to urge Beijing to address deepening economic imbalances. The agency warns that China’s export-driven growth and weak domestic demand could pose long-term risks to both its economy and global trade stability.
FACT FOCUS: Trump says tariffs can eventually replace federal income taxes. Experts disagree
Donald Trump claims tariffs could eventually replace federal income taxes, but economists say that’s unrealistic. Experts note tariffs can’t generate enough revenue to fund the government.
Costco becomes biggest company yet to demand refund of Trump tariffs
Costco has become the largest company so far to seek a refund of Trump-era tariffs. The move highlights growing corporate pushback against the import duties.
Despite US trade war, OECD expects global economy will grow 3.2% this year
The OECD projects global economic growth of 3.2% this year despite U.S. trade tensions. Analysts say resilient markets and stronger-than-expected activity are supporting the outlook.
The growing exotic pet trade drives illegal sales online and a push for tighter rules
The booming exotic pet trade is fueling illegal wildlife sales across online platforms. Advocates are urging stricter regulations to curb trafficking and protect endangered species.
China’s factory activity contracts for 8th month in November despite trade war truce
China’s factory activity shrank for the eighth straight month in November, even with a trade war truce in place. Weak demand continues to weigh on the manufacturing sector.
Canada’s prime minister and Alberta’s premier sign pipeline deal that could reverse oil tanker ban
Canada’s prime minister and Alberta’s premier have signed a pipeline deal that could reverse the province’s oil tanker ban. The agreement marks a major shift in national energy and environmental policy.