Trump says US to increase tariffs on Canadian cars to 50%
Ottawa officials set to announce response to new American levies on Tuesday
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Treasury market interventions are only a band-aid
Bessent’s moves on the yen and long-dated bonds do little to assuage markets long-term
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Russia is suffering from a slow-motion bank run as the Kremlin scavenges for war funding—and it may start seizing recruits for the military too
The financial sector’s loss of deposits has created a liquidity crunch so severe that it’s threatening Russia’s ability to fund its war.
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Warsh seeks to soothe investors’ nerves as signs of economic strain mount
Economists criticise Fed chair’s communication strategy as policymakers prepare to gather at Jackson Hole symposium
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The Iran war could last ‘deep into 2027’ as the Strait of Hormuz isn’t that closed, allowing more oil to leak out—but major escalation is likely soon
“And if the Strait is not fully closed, Iran’s leverage is weak. Thus, Iran has reasons to escalate.”