US President Donald Trump has enshrined provisions protecting digital trade from taxes in trade agreements with Malaysia, Cambodia, and Thailand. This initiative aims to support American technology companies and maintain global influence in the field of electronic services.
Brent crude futures fell to $61. 05 a barrel, and US West Texas Intermediate crude to $57.3. This decline marks the third consecutive weekly drop, driven by concerns about a global supply surplus and slowing economic growth due to US-China trade tensions.
On October 7, the world celebrates World Cotton Day, highlighting its importance for the economy and society, as well as International Trigeminal Neuralgia Awareness Day.
Ukrainian Foreign Minister Andriy Sybiha reacted to Hungarian Prime Minister Viktor Orban's statement about his country's unwillingness to be in integration associations with Ukraine. Sybiha noted that the countries are already members of many international organizations and formats.
Chinese Premier Li Qiang held meetings with the heads of BlackRock, Citadel, and Pfizer in New York during the UN General Assembly. The purpose of the talks was to discuss economic and investment cooperation between the countries.
Artificial intelligence could boost global trade by almost 40% by 2040. However, without thoughtful policies, the technology could deepen economic inequality, the WTO warns.
Japanese Finance Minister Katsunobu Kato rejected a US call to increase pressure on Russian President Vladimir Putin by imposing higher tariffs on Russian oil imports for China and India. Japan cites WTO obligations that do not allow tariffs to be applied beyond established limits.
Chinese Ambassador to India Xu Feihong expressed solidarity with India, opposing American tariffs on Indian exports. This move is a sign of warming relations between the two Asian rivals.
The World Trade Organization has revised its forecast for global merchandise trade in 2025, expecting a 0. 9% increase. This update was made possible by increased imports to the US, but new tariffs could negatively impact trade in 2026.
G20 finance ministers in Durban signed a statement on the importance of central bank independence. This happened amid Donald Trump's criticism of US Federal Reserve Chairman Jerome Powell.
Countries are looking for reliable trading partners in Europe after Trump's trade war. Trust in the EU is growing, with support for membership reaching 74%, the highest level in 40 years.
