Economy

The United States and China have reached a trade agreement to lower tariffs on $30 billion worth of non-sensitive goods, following a meeting between President Trump and President Xi this week. The deal is expected to reduce prices on a range of consumer products, including small appliances, toys and holiday items, easing costs for shoppers in both countries.

Japan has begun scaling back its era of ultra-cheap money, tightening monetary policy in an effort to shore up the yen, with the coverage pointing to support or pressure from the United States. The move marks a partial end to years of loose policy that kept borrowing costs near zero. Commentators are weighing how far Tokyo will go and what US involvement means for currency markets.

The United States is threatening to ground Iranian airlines from operating worldwide starting Wednesday, according to Al Jazeera. The move would bar Iranian carriers from international airspace and airports, escalating pressure on Tehran. Details on the legal basis and how other countries would respond remain unclear, and the announcement is drawing attention amid already heightened tensions between Washington and Iran.

Japan's national debt stands at roughly twice the size of its economy, the highest ratio among developed nations, but economists writing in Fortune argue the United States' debt load of around $40 trillion is the more worrying case. They point to America's faster-growing deficits and political gridlock over spending, contrasting it with Japan's domestic, stable creditor base.

The United States is set to finalize vehicle fuel economy standards that are sharply lower than previously planned, according to a Reuters report. The rollback would ease requirements on automakers to improve mileage efficiency, a reversal of stricter rules pursued under earlier policy. The move is likely to draw criticism from environmental groups while being welcomed by parts of the auto industry.

US consumers continue spending at a robust pace even as bond yields rise, defying expectations that higher borrowing costs would cool the economy. Yahoo Finance highlights that resilient household demand is keeping growth strong, prompting debate among economists over how long spending can hold up against tighter financial conditions and elevated interest rates.

The Trump administration has moved to roll back fuel economy standards for cars that were put in place under President Biden. The change would loosen requirements on automakers to improve vehicle efficiency, a signature climate policy of the previous administration. The move is expected to draw criticism from environmental groups and praise from parts of the auto industry.

President Donald Trump announced that he approved new fuel economy standards that would end what he calls the Biden administration's electric vehicle mandate. The move relaxes requirements pushing automakers toward EV production, and it is being widely reported by major outlets including Reuters. The change is expected to affect carmakers' plans and renew debate over federal climate and transportation policy.

President Trump is moving to lower federal fuel economy standards, rolling back efficiency requirements for cars and light trucks. The change would allow automakers to sell less fuel-efficient vehicles in the United States, reversing stricter rules adopted under previous administrations. Industry groups have long lobbied for weaker standards, while environmental advocates warn the move will increase gasoline consumption and emissions. Debate is expected ahead of the formal rulemaking process.

The Trump administration is preparing to reverse fuel economy standards for cars adopted under President Biden, according to Bloomberg. The move would loosen emissions and efficiency requirements imposed on automakers, easing compliance costs for manufacturers while drawing criticism from environmental groups who argue it will increase pollution and gasoline consumption. It marks the latest effort to unwind Biden-era climate and energy regulations.

The Trump administration is preparing to roll back fuel economy standards introduced under President Biden, easing requirements on automakers. The move would relax emissions and mileage rules that had pushed manufacturers toward electric vehicles. Industry groups have long argued the standards were too costly, while environmental advocates are expected to oppose the reversal.

President Trump is planning to roll back fuel economy requirements for vehicles in the United States that were introduced under the Biden administration. The move would ease emissions and efficiency standards imposed on automakers, and it is drawing attention from the auto industry, environmental groups and policymakers amid ongoing debates over US climate policy.

President Trump announced new fuel economy standards that he says end the so-called 'EV mandate', rolling back requirements that pushed automakers toward electric vehicles. The move frames loosened efficiency rules as freeing consumers and manufacturers to choose gasoline-powered cars, a decision likely to reignite debate over climate policy and the future of the US auto industry.

Morningstar examines whether the AI boom is driving inflation and argues the picture is more complicated than headlines suggest. The analysis weighs AI's role in pushing up demand for energy, chips and data-center construction against countervailing factors like productivity gains and falling computing costs, concluding that AI's inflationary impact is real but limited and uneven across the economy.

Analysts are highlighting Saudi Arabia's central role in the global economy, driven by its oil output, sovereign wealth and influence over energy markets. Discussion focuses on how decisions made in Riyadh affect inflation, energy prices and investment flows worldwide, at a time when economies are sensitive to any shifts in oil supply.

Arthur Mensch, chief executive of French AI start-up Mistral, argues in an interview with Le Monde that AI is fundamentally software and therefore can be controlled. He is pushing back against fears that advanced AI systems are unpredictable or beyond regulation, positioning Mistral's European approach as emphasising oversight and safety in the global AI race.

President Trump has signed off on revised fuel economy standards, rolling back the Biden administration's push for electric vehicle adoption. The move eliminates the previous mandate that pushed automakers toward EV production, allowing greater flexibility on gasoline-powered vehicles. The decision affects major automakers including Ford and General Motors and is likely to reshape US auto industry investment and emissions policy.

The United States is preparing to finalize vehicle fuel economy standards that are sharply lower than previously planned, according to the Detroit Free Press. The rollback would ease efficiency requirements for automakers, with potential consequences for fuel costs, emissions and the pace of electric vehicle adoption. Details of the final rule and its effective dates have not yet been published.

President Trump is set to announce a rollback of the Biden administration's fuel-economy mandates on Monday. The move would loosen emissions and mileage requirements placed on automakers, reversing one of the previous administration's key climate policies. The announcement is expected to draw reactions from the auto industry, environmental groups and regulators over its impact on emissions and vehicle costs.

A new analysis examines the state of Venezuela's economy, attributing its difficulties to a combination of US economic coercion and domestic structural constraints. The piece, published by Venezuelanalysis, assesses how sanctions and internal weaknesses together shape the country's ongoing economic crisis and prospects for recovery.

The US has eased fuel economy rules, and analysts say the change affects GM and Ford shares in different ways. Looser standards could reduce pressure to ramp up electric vehicle production, easing costs for automakers with heavier truck and SUV lineups. Investors are weighing which company benefits more, with commentary suggesting the two legacy automakers' stocks may no longer move in lockstep on regulatory news.

Hong Kong Financial Secretary Paul Chan says the city can offer AI governance solutions to major economies. He argues Hong Kong's regulatory approach and experience with emerging technologies position it as a useful reference point as governments worldwide grapple with how to oversee artificial intelligence development.

President Trump says he has approved rolling back fuel economy standards set under the Biden administration, lowering required miles-per-gallon targets for new vehicles. The move eases efficiency requirements on automakers and unwinds a signature Biden climate policy. Outlets across the US are carrying the announcement, which is likely to draw responses from environmental groups and the auto industry.

A new poll suggests economic frustration is testing President Trump's standing with rural voters, a core part of his political base. The findings point to potential strain in the coalition that helped elect him, as concerns over prices, jobs and the cost of living weigh on support in rural areas. The poll is drawing attention from analysts watching whether economic discontent could erode his advantage with this key voting group.

MicroStrategy co-founder Michael Saylor has outlined what he calls a 'bill of digital rights', a set of principles he argues are needed to secure prosperity in the emerging digital economy. Saylor, a prominent bitcoin advocate, has long argued that property rights in the digital age require new frameworks. Details of the proposal and reactions from economists and policymakers remain limited so far.

Michael Saylor, co-founder and executive chairman of Strategy, has put forward a proposal for a bill of digital rights that he says would underpin the future digital economy. The proposal frames property rights in digital assets, including bitcoin, as a foundation for economic growth. Details of the proposal's reception among policymakers and investors remain limited so far.

Donald Trump is planning to reverse fuel economy standards introduced under the Biden administration. The rollback would undo stricter efficiency requirements for cars and light trucks, easing pressure on automakers while likely drawing criticism from environmental groups. It fits a broader agenda of dismantling his predecessor's climate and energy regulations, and it is expected to face legal and political pushback.

A new publication examines the costs of running open-weight AI models for inference, weighing hosting, hardware and efficiency against closed commercial APIs. It argues that as open-weight models mature, understanding the true economics of serving them becomes central to how companies decide between self-hosting and paying providers. Readers are debating the cost assumptions and what they mean for AI infrastructure spending.

Texas is moving to broaden its involvement in the space economy, according to a report from KXAN Austin. The state has been building on its existing space footprint, including SpaceX operations near Boca Chica and the Johnson Space Center in Houston, as commercial space activity grows across the country. Details of the expansion were limited in initial coverage.

A new USA Today report examines how high-income Americans continue to spend robustly even as the broader economy shows signs of strain. Well-off households, cushioned by savings, investments and rising asset values, are less exposed to price pressures and job worries than lower-income consumers, and their continued spending is helping keep parts of the economy afloat. Commenters are weighing what this wealth-driven consumption means for the rest of the country.

Rising frustration in Brazil over the cost of living is weighing on President Luiz Inácio Lula da Silva's bid for reelection. Persistent price pressures on food and everyday essentials have eroded support among voters, threatening the incumbent's chances despite his administration's social programmes and economic agenda.

President Trump announced new fuel economy standards that his administration says will terminate what he calls the Biden-era electric vehicle mandate, declaring 'America is back' as part of the rollout. The move rolls back emissions and mileage requirements that pushed automakers toward EVs, a centerpiece of his effort to unwind his predecessor's climate and auto policies. Supporters hail cheaper cars and regulatory relief, while critics warn it undermines emissions goals and EV investment.

President Trump has moved to roll back fuel economy standards put in place under the Biden administration, loosening requirements that pushed automakers toward more efficient vehicles. The decision is drawing attention from the auto industry, environmental groups, and consumers, with supporters framing it as relief from costly mandates and critics warning it will increase emissions and fuel use.

Florida congressman and gubernatorial candidate Byron Donalds said he would have participated in a debate with rival David Jolly at the Sunshine Economy Summit, a Florida economic policy event. The remark comes as Donalds and Jolly, the former Republican congressman now running as a Democrat, position themselves in the 2026 race for Florida governor. The comment frames Donalds as willing to face his rival directly, while raising questions about debate scheduling in the campaign.