Europe’s Extreme Summer Weather Could Cost It Billions
Heat waves and flooding could cost the European Union $50 billion in damage to buildings and crops as well as a loss of productivity, a new study found.
Economic Conditions and Trends
U.S. and China Reach ‘Framework’ for a TikTok Sale
Top economic officials met in Madrid for a second day, with deadlines looming on tariffs and a ban on TikTok in the United States if it is not sold by its Chinese owner, ByteDance.
U.S. and China Resume Talks on Tariffs and TikTok
Economic officials meeting in Madrid are seeking to head off a November tariff deadline.
India Was the Economic Alternative to China. Trump Ended That.
A lurch in policy has shaken the India-U.S. economic alliance against China, leaving India little choice but to consider reversing its own strategy.
Trump’s Tariffs Will Crush India’s Exporters, Threatening Livelihoods
New U.S. taxes on American imports, even at 25 percent, will hurt many Indian businesses and may put vast numbers of people out of work.
China’s Economy Slows Broadly Even as Exports Keep Rising
Officials blamed U.S. “protectionism” for the dismal July data, but growth was likely held back by real estate and new policies aimed at slowing factory investments.
With Ukraine in the Balance, Trump and Putin Head Into Summit With Mismatched Goals
For President Vladimir V. Putin of Russia, it is an opportunity not just to end the Ukraine war on his terms, but to split apart the Western security alliance.
U.S. and China Meet as Trade Truce Nears Expiration
Top American and Chinese officials are meeting for two days of talks in Stockholm as the Trump administration tries to complete trade deals.
Russia Again Cuts Interest Rates as Its Economy Slows
Falling inflation has persuaded the central bank in Moscow to continue relaxing the country’s record borrowing costs.
Venezuela Targets Economists as Inflation Surges Under Trump’s Sanctions
As inflation surges under President Trump’s renewed sanctions, Venezuelan authorities are trying to keep a lid on the country’s worsening financial situation.