Business & Economy
Markets, trade, work and prices, and which outlets reported which numbers.
385 stories · page 2 of 19
Divergence, source breadth, recency and a broader regional mix.
Business & EconomyCanada’s July 2026 inflation data to show gas price rebound, economists say
Economists expect Canada’s annual inflation rate rose to 2.9 percent in July 2026 after a June dip to 2.8 percent, driven by higher gas prices from renewed Middle East tensions. The data will inform the Bank of Canada’s next rate decision on 2 September.
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Business & Economy · United StatesOracle cancels $7 billion AI chip deal with Tencent after US pressure
Oracle has cancelled a five-year contract to lease advanced AI chips to Tencent, valued at approximately $7 billion. The decision followed concerns raised by US officials regarding the deal.
United States2 min readTrust 62 · Craft 85 · Hype 15
Business & Economy · United StatesOfficials Uncover $1.22 Billion in Suspected COVID Contract Fraud
Federal officials have identified $1.22 billion in suspected fraud linked to five COVID-era health contracts. Payments continued after the national emergency ended in 2023, prompting an investigation and referral to law enforcement.
United States3 min readTrust 70 · Craft 80 · Hype 18
Business & Economy · United StatesRussia denies US diesel tankers changed course
Russia's Direct Investment Fund head, Kirill Dmitriev, has denied reports that two of three Russian diesel tankers bound for the US had changed course. He stated the vessels are continuing their journey to the United States, countering claims they were rerouted to Brazil and the Mediterranean.
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Business & Economy · United StatesTrump’s 50% tariffs on $20bn Canadian goods take effect 19 August 2026
A new round of 50% tariffs on nearly US$20 billion of Canadian exports to the US is set for 19 August 2026. Industry sources say firms are not rushing shipments, betting Trump will back down as he has before. The tariffs would apply even to goods covered by the CUSMA trade agreement.
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Business & Economy · United StatesUS household water bills rise faster than inflation
Household water bills in the US have risen faster than inflation and income, according to a new analysis. The average annual cost for water reached $531 in 2025, a 62% increase from 2015.
United States2 min readTrust 42 · Craft 57 · Hype 41
Business & Economy · United StatesNovak: Russian diesel to US will take 15-20 days after contract
Russian Deputy Prime Minister Alexander Novak stated that diesel shipments to the US will take between 15 and 20 days after contracts are signed. The US President announced the deal last week, aiming to lower fuel prices ahead of midterm elections.
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Business & EconomyStelco to idle Hamilton plant, lay off up to 500 workers
Stelco Holdings Inc. is idling finishing operations at its Hamilton, Ontario plant, leading to layoffs for up to 500 workers. The company cited U.S. tariffs on steel imports as the primary reason for the decision, which will concentrate production at its Lake Erie facility.
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Business & Economy · Middle EastIran's Rial Plummets Amid US Sanctions and Zero Oil Exports
Iran's currency, the Rial, has fallen to approximately 2.6 to 2.7 million per US dollar, with inflation exceeding 70%. This economic pressure coincides with US Treasury reports indicating zero crude oil tanker loadings for Iran in September, a consequence of 'Operation Economic Outcast'.
Middle East4 min readTrust 42 · Craft 57 · Hype 60
Business & Economy · United StatesCanada's GDP grew 3.3% in Q2, facing new US tariffs
Canada's real gross domestic product increased at an annual rate of 3.3% in the second quarter, Statistics Canada reported. This growth followed a revised 0.3% increase in the first quarter, erasing a prior marginal decline. However, new US tariffs and planned Canadian retaliatory measures are expected to impact future economic performance.
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Business & Economy · United StatesCanada’s LeBlanc stays in Washington as US tariff deadline looms
Canada-U.S. Trade Minister Dominic LeBlanc remains in Washington as a 50 percent tariff on Canadian goods approaches. Negotiators are exchanging offers, but Canada is unsatisfied with the latest U.S. proposal, which lowers some sectoral tariffs but not enough, sources say.
United States5 min readTrust 68 · Craft 95 · Hype 12
Business & Economy · United StatesAshland Sawmill expansion to double lumber production
Irving Forest Products is modernizing its Ashland Sawmill in Maine, a project expected to double lumber production capacity. The expansion is supported by federal and state New Markets Tax Credits and aims to create or retain 220 jobs.
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Business & Economy · IndiaIndia and Belgium set five-year target to double bilateral trade
Prime Minister Narendra Modi and Belgian Prime Minister Bart De Wever announced a target to double bilateral trade within five years during a joint press conference in New Delhi on 3 September 2026. The leaders highlighted new cooperation on defence equipment, green ammonia, and military exchanges, while De Wever called India the world’s fastest-growing major economy.
India4 min readTrust 65 · Craft 75 · Hype 15
Business & Economy · United KingdomMighty Hoopla festival announces 2027 line-up with Robyn and Pussycat Dolls
Mighty Hoopla has revealed its headliners for the 2027 festival, with Robyn and the Pussycat Dolls set to perform. The event, celebrating its 10th anniversary, will take place on 5 and 6 June at Brockwell Park in London.
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Business & EconomyFederal fuel tax holiday extended to January 2027
The federal government is extending the suspension of fuel excise taxes until January 2027. The measure, intended to provide relief from higher energy costs, will see the tax gradually reinstated by April 2027.
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Business & Economy · IndiaIndia caps bulk sugar stocks at 15 days to curb record prices ahead of festivals
India’s government has limited bulk sugar consumers to 15 days of stock from September to November, exempting government institutions. The move follows a record ₹53.50 per kg wholesale price and a previous 30-day cap on dealers. Imports of 1 million tonnes at nil duty were also allowed until October 2026.
India4 min readTrust 82 · Craft 78 · Hype 25
Business & EconomyLNG Canada approves Phase 2 expansion, doubling production capacity
LNG Canada's partners have approved a $33 billion Phase 2 expansion, which will double the facility's production capacity to 28 million tonnes of LNG per year. The project is expected to create up to 4,000 construction jobs and hundreds of permanent positions.
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Business & Economy · IndiaGoogle’s $15bn Visakhapatnam data centre faces water and wildlife protests
Google’s planned $15 billion data centre in Visakhapatnam, India, is under legal challenge over water shortages and proximity to a wildlife sanctuary. Protests have erupted as construction proceeds, with the state government defending the project’s compliance with regulations.
India5 min readTrust 86 · Craft 95 · Hype 15
Business & Economy · United StatesWSP CEO: Trump administration causing project delays in US
WSP Global CEO Alexandre L'Heureux said the Trump administration's reviews are causing delays and slowing cash flow on some US projects. Despite this, he affirmed the United States remains a key market for the engineering firm.
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Business & Economy · United StatesUS Manufacturing Activity Grows for Tenth Month
US manufacturing activity expanded for the tenth consecutive month in October, with the ISM Manufacturing PMI increasing to 55.5. While production and new orders saw growth, input prices remained elevated, indicating persistent inflationary pressures.
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