Business & Economy
Markets, trade, work and prices, and which outlets reported which numbers.
259 stories · page 10 of 13
Divergence, source breadth, recency and a broader regional mix.
Business & EconomyNewfoundland lobster landings double, fishermen debate license increases
Lobster landings in Newfoundland and Labrador have more than doubled in under a decade, according to government data. While some fishermen see opportunity in expanding licenses, the province's fisheries union raises concerns about market value and infrastructure.
2 min readTrust 68 · Craft 87 · Hype 12
Business & Economy · United StatesTrump pauses $30bn Canada tariffs for three days as negotiators meet
U.S. President Donald Trump paused 50% tariffs on nearly $30 billion of Canadian goods for three days after announcing a breakthrough in trade talks. Canadian and U.S. negotiators met in Washington on 19 August 2026 to discuss concessions on autos, dairy, and liquor, but no formal agreement was released.
United States5 min readTrust 65 · Craft 55 · Hype 25
Business & Economy · United StatesUS imposes 100% tariffs on Chinese drones to curb imports
The US has imposed tariffs of up to 100% on drones and components, effective 3 September 2026, to address national security concerns and reduce dependence on Chinese imports. Drones over 25 kilograms or with thermal imaging face the highest duties, while smaller drones are subject to lower tariffs.
United States3 min readTrust 62 · Craft 95 · Hype 10
Business & Economy · IndiaFitch holds India’s BBB- rating, projects 6.4% growth for FY27
Fitch Ratings affirmed India’s BBB- sovereign credit rating with a stable outlook on 11 August 2026, forecasting 6.4% GDP growth for fiscal year 2027. The agency noted strong domestic demand and external buffers but flagged persistent fiscal deficits and structural weaknesses as constraints.
India4 min readTrust 74 · Craft 85 · Hype 15
Business & Economy · United KingdomUK fines Citibank £4.7m for processing 970 payments breaching Russia sanctions
The UK's Office of Financial Sanctions Implementation fined Citibank's London branch £4.7 million ($6.35 million) for 970 payments worth £19.7 million that breached Russia sanctions. Most breaches occurred between February and November 2022, involving accounts linked to Sovcomflot, Alfa-Bank, Gazprombank, and Credit Bank of Moscow.
United Kingdom4 min readTrust 85 · Craft 85 · Hype 15
Business & Economy · Latin AmericaUS Firm to Control Venezuelan Oilfields Previously Run by China and Russia
A US-backed company, North American Blue Energy Partners, will take operational control of Venezuelan oilfields previously managed by Chinese and Russian firms. The deal, announced by President Trump, grants the US company rights to 35% of company shares and preferential access to 20% of output.
Latin America3 min readTrust 58 · Craft 55 · Hype 35
Business & Economy · European UnionHungary Adopts 868bn Forint Energy Plan After Summer Crisis
Hungary’s government approved an 868 billion forint energy development plan on 5 August 2026, lifting emergency consumption measures the next day. The package expands storage, modernises the grid, and launches wind and geothermal projects, with state ownership required in new wind farms.
European Union4 min readTrust 86 · Craft 70 · Hype 15
Business & Economy · Asia-PacificHonda targets $9.4bn cost cuts to counter Chinese competition
Honda aims to cut more than $9 billion in costs over the next four years, with internal documents showing a target of 1.5 trillion yen (about $9.4 billion) by 2030. The company has instructed suppliers to reduce prices and explore using more Chinese-made components.
Asia-Pacific3 min readTrust 54 · Craft 85 · Hype 15
Business & Economy · RussiaRussia's wartime economy shows strain from military spending
Russia's economy is experiencing growing friction due to extensive military spending, leading to a ballooning budget deficit, increased consumer and business pessimism, and slower growth. While economists do not anticipate an imminent financial crisis, long-term structural erosion is a concern.
Russia4 min readTrust 66 · Craft 95 · Hype 15
Business & EconomyOil prices surge to four-month high, rattling global markets
Brent crude futures reached a four-month peak of $109.97 a barrel following a 6% overnight increase. The surge in oil prices has heightened inflation concerns, leading to a spike in global bond yields and a slump in sharemarkets as investors anticipate further central bank tightening.
3 min readTrust 68 · Craft 95 · Hype 15
Business & Economy · IndiaNirmala Sitharaman meets global finance leaders at G20 meeting
Finance Minister Nirmala Sitharaman met with Kristalina Georgieva, Ajay Banga, and Valdis Dombrovskis during the G20 Finance Ministers and Central Bank Governors Meeting. Discussions focused on India's economic growth, global economic outlook, and expanding partnerships.
India3 min readTrust 77 · Craft 65 · Hype 15
Business & Economy · United StatesChicago Trend buys Minneapolis strip mall to build local wealth
Chicago Trend, a social enterprise, has purchased Hawthorn Crossings strip mall in north Minneapolis. The company plans to offer local residents ownership stakes, aiming to support community development in a diverse, low-income area. No right-rated outlet covered the story.
United States4 min read
Business & Economy · Latin AmericaUS Energy Secretary Denies Stealing Venezuelan Oil
US Energy Secretary Chris Wright has denied accusations that Washington is attempting to steal Venezuelan oil. He stated that an agreement allows the US to exploit 20% of the country's reserves, with revenue shared.
Latin America3 min readTrust 76 · Craft 62 · Hype 30
Business & EconomyCanada’s trade minister in Washington for trade talks with U.S. officials
Canada’s trade minister, Dominic LeBlanc, is in Washington for a series of trade-related meetings, including discussions with industry groups and U.S. senators. The trip, confirmed by a government spokesperson, comes as stakeholders push for the renewal of the Canada-U.S.-Mexico Agreement (CUSMA).
3 min readTrust 50 · Craft 40 · Hype 20
Business & Economy · United StatesTrump sued Capital One after bank closed accounts over money-laundering fears
Capital One closed bank accounts held by Donald Trump in 2021 after flagging financial activity linked to money-laundering risks, the bank disclosed in a court filing. Trump’s holding company sued, alleging political motives, but Capital One denied the claim.
United States4 min read
Business & Economy · IndiaIndia and Mercosur sign protocol for electronic Certificates of Origin
India and the Mercosur bloc have signed an additional protocol to their Preferential Trade Agreement, allowing for electronic Certificates of Origin. This move is intended to streamline customs operations and promote paperless trade documentation.
India3 min readTrust 70 · Craft 70 · Hype 10
Business & Economy · Middle EastSyrian Airlines resumes Damascus-Moscow flights after 18-month suspension
A Syrian Airlines flight from Damascus landed at Moscow’s Sheremetyevo Airport on 16 August 2026, marking the first passenger service between the two cities in over 18 months. The route, suspended in December 2024, resumed with a return flight later the same day. Outlets diverged on whether the resumption signals political normalisation or commercial demand.
Middle East5 min readTrust 64 · Craft 85 · Hype 15
Business & Economy · Latin AmericaBraskem Idesa files for US Chapter 11 to cut $920m debt in 90-day restructuring
Braskem Idesa, a joint venture between Brazil’s Braskem and Mexico’s Grupo Idesa, filed for Chapter 11 bankruptcy protection in the US on 18 August 2026. The company expects to emerge within 90 days after cutting senior debt from $2.5bn to $1.6bn, with Braskem S.A. contributing $476m to maintain majority control.
Latin America5 min readTrust 85 · Craft 85 · Hype 15
Business & EconomyIndian Stock Market Snaps Losing Streak
India's stock market ended a two-day decline on Wednesday, with the Sensex and Nifty both closing higher. While some sectors like FMCG and PSU banks saw gains, the IT sector experienced a downturn.
2 min readTrust 42 · Craft 61 · Hype 20
Business & Economy · United StatesUS Treasury yields hit 2007 highs, Bessent cites global issues
US 10-year Treasury yields reached levels not seen since 2007. Treasury Secretary Scott Bessent attributed this rise to global issues during a congressional hearing. Protesters disrupted the hearing, calling for an end to sanctions on Iran.
United States3 min readTrust 42 · Craft 59 · Hype 20