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economy

China says 'clearly aware' of economic risks, vows to boost spending

China says 'clearly aware' of economic risks, vows to boost spending

China's leaders are "clearly aware" of challenges facing growth, the head of the country's top economic planning body said on Friday, vowing to boost sluggish domestic consumption. The comments were made on the sidelines of the annual "Two Sessions" in Beijing, a

Italy challenges EU over key climate tool

Italy challenges EU over key climate tool

Italy is once again challenging the EU's green transition, pushing for an overhaul of the bloc's carbon trading scheme and changing the way the tool operates to try to cut electricity bills. Prime Minister Giorgia Meloni called Thursday for the European Union's Emissions Trading

Brazil's Petrobras sees profit soar on record output

Brazil's Petrobras sees profit soar on record output

Petrobras, Brazil's majority state-owned oil company, said Thursday that its profits nearly tripled last year thanks to record oil and gas output. Net profit climbed to $19.6 billion from $7.5 billion in 2024, helped as well by a 14-percent drop in operating expenses and

Trump's newest tariff program won't raise nearly as much money

(The Center Square) – President Donald Trump's newest tariffs, which already face a legal challenge in court, could increase deficits by $1.6 billion over the next decade, if they survive court scrutiny. The latest developments mark a pivotal moment for Trump’s trade agenda, as his administration’s

European, US stocks back in sell-off mode as oil prices surge

European, US stocks back in sell-off mode as oil prices surge

Oil prices pushed higher while US and European stocks dropped on Thursday as investors tracked developments on the sixth day of the Middle East war. An equity market rebound petered out after Asian markets closed, with European exchanges shedding around 1.5 percent and Wall Street's main indices

Thousands of Georgia Pet Parents Face Steep Insurance Rate Hikes in 2026 | Insurify

Pet insurance costs are set to soar for nearly 40,000 Georgia pet parents this year. Georgians with Pets Best, MetLife, and Trupanion policies face average rate increases ranging from 9.5% to 36.9% following state regulators’ acceptance of multiple rate-increase filings from state pet insurers. Georgia pet

Americans Are Getting Pickier About Travel in 2026 — Here’s What They’re Still Willing To Spend On

Americans Are Getting Pickier About Travel in 2026 — Here’s What They’re Still Willing To Spend On

Americans are planning to spend more on travel in 2026, but they are doing so more deliberately. After years of post-pandemic price spikes, households facing persistent financial pressures are weighing vacations against competing priorities and rethinking what makes a trip worthwhile. According to a recent Beach.com travel survey,