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Gold Drops Back Below $4,000 After China Ends Tax Incentive

Gold Drops Back Below $4,000 After China Ends Tax Incentive

Gold dropped below $4,000 an ounce after China ended a long-standing tax rebate for some retailers, a change that could hurt demand in one of the largest precious-metals markets.

Saunders

Russian Oil Finds Fewer Takers In China After Hit From Sanctions

Russian Oil Finds Fewer Takers In China After Hit From Sanctions

Chinese oil refiners are shunning Russian shipments after the US and others blacklisted Moscow's top producers and some of its customers.

Laura Fletcher

Trump Says He Will Not Attend Supreme Court Hearing On Tariffs

Trump Says He Will Not Attend Supreme Court Hearing On Tariffs

President Donald Trump said he would skip attending the Supreme Court hearing this week over the legality of his worldwide tariffs regime.

Nathaniel Wright

Bessent Says High US Interest Rates May Have Caused Housing Recession

Bessent Says High US Interest Rates May Have Caused Housing Recession

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal Reserve to accelerate rate cuts.

Olivia Brooks

Oil Rises After OPEC+ Says It’ll Pause Output Hikes Next Year

Oil Rises After OPEC+ Says It’ll Pause Output Hikes Next Year

Oil advanced after OPEC+ said it plans to pause output increases during the first quarter after making another modest hike for next month.

Dark Current

US-China Trade Truce: Key Tariff Reductions and Rare Earth Concessions Mark Breakthrough Deal

US-China Trade Truce: Key Tariff Reductions and Rare Earth Concessions Mark Breakthrough Deal

In a major move to de-escalate trade tensions, the US and China have reached a new agreement that includes reciprocal tariff reductions, a pause on export restrictions for rare earths...

Gerik

Russia Launches First Yuan-Denominated Bonds to Channel Energy Profits from China

Russia Launches First Yuan-Denominated Bonds to Channel Energy Profits from China

To manage a surplus of yuan from booming energy exports to China, Russia is planning its first-ever domestic issuance of yuan-denominated bonds worth $5 billion,...

Gerik

AI Boom Offsets Tariff Shock, Fuels ASEAN’s Resilient Growth in Q3 2025

AI Boom Offsets Tariff Shock, Fuels ASEAN’s Resilient Growth in Q3 2025

Despite heightened US tariffs, ASEAN economies maintained strong Q3 growth momentum in 2025, driven by surging AI-related investment, electronics exports, and supply chain diversification, with Singapore, Vietnam, and Malaysia benefiting most....

Gerik

Fuel Shockwave in the EU: Bulgaria Halts Exports Amid US Sanctions on Russia's Oil Giants

Fuel Shockwave in the EU: Bulgaria Halts Exports Amid US Sanctions on Russia's Oil Giants

Following US sanctions on Russian oil firms Rosneft and Lukoil, Bulgaria moved swiftly to suspend fuel exports to EU countries to protect its domestic supply, revealing the continent's lingering dependence on Russian energy infrastructure...

Gerik

Cracks in the Concrete: China’s Aging Housing Blocks Reveal Cost of a Real Estate Boom

Cracks in the Concrete: China’s Aging Housing Blocks Reveal Cost of a Real Estate Boom

Once symbols of China’s rapid urbanization, many residential complexes are now falling into disrepair, exposing long-term structural, regulatory..

Gerik

China Seeks to Reshape Asian Supply Chains Amid U.S. Reshoring Push

China Seeks to Reshape Asian Supply Chains Amid U.S. Reshoring Push

In contrast to Washington’s reshoring strategy, China is calling for deeper Asia-Pacific supply chain integration and multilateral cooperation, positioning itself as a stabilizing force and opportunity hub for the region....

Gerik

Eurozone Inflation Nears ECB Target, Supporting Policy Pause Despite Persistent Service-Sector Pressures

Eurozone Inflation Nears ECB Target, Supporting Policy Pause Despite Persistent Service-Sector Pressures

Eurozone inflation fell to 2.1% in October 2025, edging closer to the ECB’s 2% target, reinforcing its recent decision to hold interest rates while acknowledging ongoing risks from core price pressures and global disruptions....

Gerik

China Ends VAT Waivers on Gold, Reshaping Demand in One of the World’s Largest Precious Metals Markets

China Ends VAT Waivers on Gold, Reshaping Demand in One of the World’s Largest Precious Metals Markets

Starting November 1, China has revoked VAT deductions for gold purchases from the Shanghai Gold Exchange, a move aimed at boosting state revenue but one that could raise domestic gold prices and dampen retail demand....

Gerik

Japan Sets 2026 Rice Production Target at 7.11 Million Tons to Align with Demand and Stabilize Prices

Japan Sets 2026 Rice Production Target at 7.11 Million Tons to Align with Demand and Stabilize Prices

Japan will cap rice production at 7.11 million tons in 2026, shifting away from prior expansion policies to avoid oversupply and stabilize domestic prices....

Gerik

Global Growth Outlook Improves Amid AI Investment and Easing Trade Tensions, but Risks Remain

Global Growth Outlook Improves Amid AI Investment and Easing Trade Tensions, but Risks Remain

The IMF has raised its global GDP forecast for 2025 to 3.2%, citing softer-than-expected tariff shocks, AI-driven investment, and proactive fiscal measures, though escalating U.S.–China trade tensions could still derail momentum....

Gerik

China Temporarily Lifts Rare Earth Export Controls for EU, Offering a Strategic Reprieve

China Temporarily Lifts Rare Earth Export Controls for EU, Offering a Strategic Reprieve

Following high-level negotiations, China has agreed to delay rare earth export controls for one year, granting the EU breathing space to diversify critical supply chains, though risks of future restrictions remain....

Gerik

EU on the Sidelines: The U.S.–China Trade Truce Offers Temporary Relief but Heightens Strategic Uncertainty

EU on the Sidelines: The U.S.–China Trade Truce Offers Temporary Relief but Heightens Strategic Uncertainty

While the U.S.–China trade ceasefire provides short-term supply chain relief for Europe, it simultaneously sidelines EU interests, exposes internal divisions, and complicates Brussels’ ability to balance its political and economic strategies....

Gerik

German Firms in Russia: Tax Contributions and Strategic Inertia Amid Escalating Scrutiny

German Firms in Russia: Tax Contributions and Strategic Inertia Amid Escalating Scrutiny

Despite geopolitical tensions, over half of German firms remain active in Russia, contributing hundreds of millions in taxes, raising questions about corporate responsibility and the cost of disengagement....

Gerik

Egypt’s Deepening Dependence on Israeli Gas Raises Strategic and Humanitarian Dilemmas

Egypt’s Deepening Dependence on Israeli Gas Raises Strategic and Humanitarian Dilemmas

A record $35 billion gas deal signed in August 2025 has tied Egypt’s energy future to Israeli supplies, amplifying Tel Aviv’s leverage while narrowing Cairo’s regional influence amid mounting pressure over its stance on Gaza....

Gerik

Semiconductor Surge and Ship Orders Drive South Korea’s Unexpected Export Revival in October

Semiconductor Surge and Ship Orders Drive South Korea’s Unexpected Export Revival in October

South Korea’s exports rose 3.6% in October, defying expectations, fueled by strong global demand for semiconductors and ships, signaling a potential turning point for global trade recovery....

Gerik

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