China Starts Adding 55% to Beef Imports
The commerce ministry announced Wednesday that China will charge 55% tariffs on beef imports from Brazil and the U.S. when shipment numbers exceed restrictions. These measures will begin on January 1, 2026, for three years.
$40 billion has been injected to OpenAI by SoftBank
SoftBank Group (9984.T), opens new tab concluded its $40 billion investment in OpenAI on Tuesday, citing people familiar with the subject. This is one of the largest private funding rounds ever and deepens founder Masayoshi Son’s AI bet. SoftBank is establishing one of the world’s largest private technology investment projects, focusing on AI and data…
Silver Rose 160% Defeated Gold This Year
Silver climbed beyond $80 an ounce for the first time on Monday, powered by robust industrial and investor demand, ongoing supply gaps, its recent designation as a U.S. Silver has gained over 160% year-over-year, beating gold’s 70% increase. London is the largest physical silver and gold market, where banks and brokers handle global orders.
UK Start To Invest on Defence Assets
Britain and Germany signed a 52-million-pound ($70 million) joint procurement contract on Sunday to buy modern artillery placed on armoured vehicles that can fire while moving and reach targets over 70 km (44 miles) distant. The Ministry of Defence claimed the arrangement will give the British Army an early capability demonstration of the RCH 155…
Oil Prices Drop 2%, Supply exceed Demand Next Year
Oil prices fell more than 2% on Friday as investors considered a worldwide supply glut and a potential Ukraine peace accord ahead of this weekend’s discussions between Ukrainian President Volodymyr Zelenskiy and U.S. President Donald Trump. Brent fell $1.60, or 2.57%, to $60.64 per barrel. WTI crude fell $1.61, or 2.76%, to $56.74. Recent supply…
China apply Tariffs on EU dairy to boost local market
China’s farmers are drowning in milk, so Beijing’s decision to impose tariffs on EU dairy imports should help them move upmarket to cream and butter. “The country’s milk oversupply plays a significant role in the government’s decision to impose tariffs and the Chinese dairy industry has been bleeding profits for four years,” said Yifan Li,…
Bank of canada expect rates cut despite of raise
Bank of Canada’s Governing Council agreed it was hard to forecast whether it would raise or cut rates on December Governors held rates at 2.25% to keep inflation close to the bank’s 2% target if the economy remained stable. The bank is ready to move again to lower prices or boost the economy. “Given the…
Japan Will Showering Bonds with $7 trillion savings
Japan wants to launch new products and incentives to boost bond demand using its $7 trillion household savings hoard and recent retail sales to address the central bank buying gap. In 2010, the finance ministry established a mascot, Kokusai-sensei, or Professor JGB, to market the securities and later provided gold coins to special reconstruction bond…