Economy

Gold and silver have seen a rollercoaster end to a year in which their prices are on track to record their biggest annual gains since 1979. The price of gold soared by more than 60% this year to hit a record high of more than $4,549 (£3,378) an ounce before…

The firm behind US President Donald Trump’s Truth Social platform said it will issue a new cryptocurrency to its shareholders, marking the Trump family’s latest foray into digital assets. The digital token from Trump Media and Technology Group will add to the Trumps’ crypto ventures, which have generated hundreds of…

President Donald Trump on Wednesday announced a range of reciprocal tariffs targeting almost all countries that the United States trades with, taking a sledgehammer to Washington’s longstanding advocacy of free trade and globalisation. Trump’s latest tariffs, which build on a series of similar steps he has taken since returning to office on January 20, are…

A coalition of Canada’s biggest news outlets is suing OpenAI, the maker of artificial intelligence chatbot ChatGPT, alleging the company is illegally using news articles to train its software. News organisations including the Toronto Star, Metroland Media, Postmedia, The Globe and Mail, The Canadian Press and CBC have all joined…

United States President-elect Donald Trump campaigned on the simple message that he will fix what he sees as the country’s problems: the border, inflation, housing prices, healthcare. After Trump won the 2024 election, we asked PolitiFact readers to send us their questions about his campaign promises. Most were about taxes, immigration, abortion,…

Obituary: Ratan Tata, the ‘modest’ Indian tycoon Ratan Tata, who has died aged 86, was one of India’s most internationally recognised business leaders. The tycoon led the Tata Group – known as a “salt-to-software” conglomerate of more than 100 companies, employing some 660,000 people – for more than two decades.…

A garment business tycoon, an owner of a local conglomerate, a celebrated local steel giant, a well-known bank and a woman entrepreneur were felicitated at the 22nd Bangladesh Business Awards (BBA) for their outstanding efforts and landmark achievements in their respective business fields. Finance and Commerce Adviser Salehuddin Ahmed handed…

Air New Zealand has abandoned a 2030 goal to cut its carbon emissions, blaming difficulties securing more efficient planes and sustainable jet fuel. The move makes it the first major carrier to back away from such a climate target. The airline added it is working on a new short-term target…

With China accused of selling electric cars at artificially low prices, the European Union is widely expected to hit them with tariffs this week. The BYD Seagull is a tiny, cheap, neatly styled electric vehicle (EV). An urban runabout that won’t break any speed records, but nor will it break…