Developing countries swap out of dollar debt to cut borrowing costs

Gold prices hit a record high above $3,500 on Tuesday, as investors sought out safe havens in the face of global economic uncertainty.

Oil prices edged lower in early Asian trading on Thursday, retracing some of the previous session’s gains as concerns over oversupply resurfaced and traders prepared for the end of the U.S. summer driving season.

UK vehicle exports to the United States rebounded in July after London and Washington struck a trade deal lowering tariffs on the sector, industry figures showed Thursday.

U.S. and Russian government officials discussed several energy deals on the sidelines of negotiations this month that sought to achieve peace in Ukraine, according to five sources familiar with the talks.

US President Donald Trump on Monday said he was firing Federal Reserve Governor Lisa Cook, over alleged improprieties in obtaining mortgage loans, an unprecedented step that could test the boundaries of presidential power over the independent monetary policy body should it be challenged in court.

New Zealand Post has suspended most parcel deliveries to the United States, citing uncertainty over the impact of upcoming U.S. tariffs introduced by President Donald Trump’s administration.

German logistics giant DHL announced on Friday that it will halt business shipments of standard parcels to the United States, joining other European postal operators in response to upcoming US customs rule changes.

India’s Foreign Minister Subrahmanyam Jaishankar said on Saturday that talks with Washington are ongoing, but New Delhi will protect its key interests as steep US tariffs on Indian goods loom.

The world’s leading central bankers have cautioned that advanced economies risk stalling growth and rising inflation unless they attract more foreign workers to counter the effects of ageing populations.

An influx of foreign workers has played a key role in sustaining the euro zone’s economy in recent years, helping offset shorter working hours and declining real wages, European Central Bank (ECB) President Christine Lagarde said on Saturday.

US President Donald Trump ramped up pressure on the Federal Reserve Wednesday with a call for Fed Governor Lisa Cook to step down, as he repeatedly criticizes Fed Chair Jerome Powell for not lowering interest rates.

Saudi Arabia’s flagship carrier, Saudia, has launched a special promotion offering up to 50% discounts on international routes, including round-trip and transit flights, for Umrah pilgrims.

The United States has agreed to Brazil’s request to open consultations at the World Trade Organization (WTO) over steep tariffs imposed by Washington, according to a letter made public on the WTO website.

Crude oil prices eased today after the end of the Trump-Zelensky talks on Monday, in anticipation of trilateral talks that could result in a peace deal. That would likely also result in the lifting of sanctions on Russian crude, making more of its available on global markets.

Some 10,000 Air Canada flight attendants decided Monday to spurn a back-to-work order from the Canada Industrial Relations Board (CIRB), with their union’s leader vowing to go to jail if necessary.

An Australian court has fined airline giant Qantas a record A$90m ($59m) for illegally sacking more than 1,800 ground workers during the Covid-19 pandemic.